MARKET OUTLOOK, REAL ESTATE INVESTMENT
Realty ONE Group | October 31, 2022
Realty ONE Group, a modern, purpose-driven lifestyle brand and ONE of the fastest growing franchisors today, is forging ahead, growing domestically and internationally despite challenges to the U.S. economy and abroad.
The global real estate powerhouse has sold more than 66 franchises and opened 67 new locations this year alone, increasing the number of open Realty ONE Group offices by 22%, year to date. And the franchisor opened the doors to new international locations in Spain, Costa Rica and Portugal, while recently announcing it will launch in Boliva, its ninth country or territory. While other national brands may be losing agents, real estate professionals are joining Realty ONE Group's expanding network daily.
"While others are feeling defeated during troubling times, we're doubling and tripling down on Business Coaching for our real estate professionals to navigate their careers and uncover opportunities for success, Beyond our world-class, top-of-class and best-in-class offering, we're building out a network of elite leaders and agents who wake up every day with the right mindset - to succeed no matter what."
-Kuba Jewgieniew, CEO and Founder of Realty ONE Group
This year, Realty ONE Group was ranked a Top 100 Recession-Proof franchise by Franchise Business Review and the company claimed the No.1 spot for real estate franchisors on Entrepreneur's highly competitive 2022 Franchise 500(R)List. Together as ONE, the company and its Affiliates have impacted nearly 150,000 lives this year already, donating nearly $128,810 for its ONE Cares programs and initiatives.
The UNBrokerage as it's known in the industry, hosted its elite leaders, Broker/Owners and Managers from around the U.S. and internationally, at their annual Basecamp 2022 the second week of October in Austin, Texas, donating $11,111 via its ONE Cares 501(c)3 to local nonprofit Mobile Loaves & Fishes, to help the homeless.
Realty ONE Group now has more than 18,000 real estate professionals in more than 400 offices in 49 states, Washington D.C., Puerto Rico and now the countries of Bolivia, Canada, Costa Rica, Ecuador, Italy, Portugal, Singapore and Spain.
About Realty ONE Group
Founded in 2005, Realty ONE Group is an industry disruptor, radically changing the face of real estate franchising with its unique business model, fun coolture, technology infrastructure and superior support for its real estate professionals. The company has rapidly evolved to include more than 18,000 real estate professionals in over 400+ offices across 49 U.S. states, Washington D.C., Puerto Rico, Bolivia, Canada, Costa Rica, Ecuador, Italy, Portugal, Spain and Singapore. Realty ONE Group ranks in the top one percent in the nation by REAL Trends and has been recognized by Entrepreneur Magazine as the number ONE real estate brand. Realty ONE Group is surging ahead, opening doors, not only for its clients but for real estate professionals and franchise owners.
REAL ESTATE INVESTMENT
Capital Square | September 20, 2022
Capital Square, one of the nation's leading sponsors of tax-advantaged real estate investments and an active developer of multifamily communities, announced today the launch of its Private Equity Group, a new corporate division that will focus on single-family build-for-rent homes and other non-traditional real estate investment opportunities. Industry veterans, Jon Trott and Dave Platter, have joined Capital Square as managing directors to lead the new division.
"Build-for-rent homes are an increasingly popular choice among renters in the Southeast through Texas, where Capital Square actively invests in multifamily housing, Exceptionally strong demand has made build-for-rent a compelling investment strategy in response to a shortage of quality housing. With in-house development, capital markets, asset management and acquisitions, the build-for-rent space is a natural evolution for Capital Square and is another way to provide innovative and compelling options to a growing number of investors and financial advisors nationwide."
-Whitson Huffman, co-chief executive officer of Capital Square
Build-for-rent homes, comprised of communities of single-family homes built for renting, have become an increasingly popular investment option among institutions and individual investors. Demand for this rental option is growing exponentially among residents who seek a single-family lifestyle, the financial and leasing flexibility of a rental with the amenities and convenience of a professionally managed property.
The U.S. has chronically underbuilt housing since the Great Financial Crisis and needs an additional 4.3 million housing units by 2035 to meet the demand for rental housing, according to the National Multifamily Housing Council. Demand for build-for-rent homes continues to increase with professionally managed communities offering one of the best solutions for the shortage of quality, affordable housing. Institutional ownership and build-for-rent's share of overall U.S. housing stock remains less than 5%, paving the way for long-term, sustained growth for the asset class.
We are thrilled to have Jon Trott and Dave Platter launch the Private Equity Group at Capital Square and focus on build-for-rent homes and non-traditional real estate investments, Build-for-rent is the hottest segment of multifamily investing and plays into the demographic trend where younger residents along with aging baby boomers want to live in a single-family home with the freedom and flexibility of a rental. We believe build-for-rent housing will become one of the most popular strategies in Capital Square's growing investment portfolio,said Louis Rogers, founder and co-chief executive officer.
Prior to joining Capital Square, Trott and Platter led the private equity team of The Amherst Group's build-for-rent division, where they were responsible for capital raising, acquisition sourcing and overall management of the division. Amherst is one of the nation's largest investors and operators of single-family rental homes, with $16 billion in assets under management in over 30 markets.
Previously, Trott was an investment professional with Spear Street Capital, a San Francisco-based real estate private equity firm. He began his career with JPMorgan Chase & Co., one of the globe's leading financial services firms, where he reported to the chief executive officer of asset management and was involved in the execution of key mergers and acquisitions transactions, as well as strategic initiatives. He earned a bachelor's degree from Tufts University and a Master of Business Administration from Harvard Business School.
Prior to his tenure with The Amherst Group, Platter was the co-founder of Southern Creek Capital, a boutique investment manager in the single-family rental and multifamily spaces. He previously worked at the JBG Companies (now JBG SMITH Properties; NYSE: JBGS), where he was responsible for the development of more than $500 million of multifamily and mixed-use properties. His career began in the asset management division of JPMorgan Chase & Co. Platter received a bachelor's degree from The University of Virginia and a Master of Business Administration from Duke University's Fuqua School of Business.
About Capital Square
Capital Square is a national real estate firm specializing in tax-advantaged real estate investments, including Delaware statutory trusts for Section 1031 exchanges, qualified opportunity zone funds for tax deferral and exclusion and a real estate investment trust (REIT). In recent years the company has become an active developer of mixed-use multifamily properties in the southeastern US, with eight current projects totaling approximately 2,000 apartment units with a total development cost in excess of $600 million. Since 2012, Capital Square has completed more than $6 billion in transaction volume. Capital Square's related entities provide a range of services, including due diligence, acquisition, loan sourcing, property/asset management, and disposition, for a growing number of high-net-worth investors, private equity firms, family offices and institutional investors. Since 2017, Capital Square has been recognized by Inc. 5000 as one of the fastest growing companies in the nation for six consecutive years. In 2017, 2018 and 2020, the company was also ranked on Richmond BizSense's list of fastest growing companies. Additionally, Capital Square was listed by Virginia Business on their "Best Places to Work in Virginia" report in 2019 and their "Fantastic 50" reports in 2019 and 2020.
AGENT, REAL ESTATE ADVICE
RESAAS Services Inc. | September 09, 2022
RESAAS Services Inc., a technology platform for the real estate industry, today announced the Company has won the PropTech Breakthrough Award: Agent Match Solution of the Year for the second consecutive year.
"RESAAS is proud to be recognized by this prestigious global award for a second consecutive year, showcasing the pedigree of our enterprise-grade technology platform, RESAAS continues to cement its position as the real estate industry's leading solution for Agents and Brokers to secure new business. By focusing on unique real estate data, RESAAS solutions provide unrivalled business value to the global real estate industry."
-RESAAS CEO, Tom Rossiter
The 2022 PropTech Breakthrough Awards received over 1,500 nominations globally. Winners alongside RESAAS include Rocket Mortgage, OpenDoor, Appfolio, and TenantBase. Submissions were judged on several critical characteristics including innovation, functionality, performance, ease of integration and ease of use.
About RESAAS Services Inc.
RESAAS is an award-winning global technology platform for the real estate industry. With over 500,000 real estate agents utilizing RESAAS in 160 countries, RESAAS enables real-time industry communication, delivers new business opportunities and captures unique real estate data. Some of real estate's biggest brands leverage RESAAS to provide business intelligence to real estate brokerages, franchises and associations.
JPAR | November 01, 2022
JPAR® – Real Estate was identified by Franchise Business Review as one of just 50 franchise brands to be named an award-winning franchise in its 2022 report on the Most Profitable Franchises.
JPAR® – Real Estate provides a hybrid model that offers a full-service experience to the consumer and continuous innovation that maps to business development coaching and consultative services through a supportive, industry-born leadership culture.
"It's simple really; we don't waste money and we work with our owners to make sure they are running lean as well, Our cost savings are passed through in ways that add meaningful value to the partnership we have with our owners and agents. There are no sacrifices with JPAR."
-Laura O'Connor, President and COO, JPAR® Franchising
To identify the award-winning companies on the list of this year's Most Profitable Franchises, Franchise Business Review analyzed data from over 30,000 franchise owners representing more than 300 brands regarding their overall satisfaction with their brand and their likelihood to recommend it to others. Other factors include annual income of franchise owners and minimum startup capital requirement.
Owner satisfaction, profitability, and long-term return on your investment are three of the most critical factors anyone should consider before investing in any franchise business, The companies on the list of the Most Profitable Franchises offer a better than average shot at growing your income and received the highest ratings on our independent franchisee satisfaction survey,said Eric Stites, founder and CEO of Franchise Business Review.
According to Franchise Business Review: JPAR®'s most recent satisfaction survey was completed in April 2022 and includes feedback from 23 active franchisees. Major findings include:
96% of franchisees enjoy operating their business and being part of the organization;
87% of franchisees agree senior management encourages a strong team culture and cares about their success;
recognition as a top recession-proof franchise; a top franchise for their culture, for profitability, and for their innovation; and,
100% of franchisees are likely to recommend JPAR® to others.
We make it affordable for a broker owner and their agents to get everything they need to deliver high-quality service to their clients, We're proud that we have continued to offer better technology and more coaching and consulting this year at a time when many in this industry are pulling back on their promises of service and support,stated Chastity Davenport, Senior Vice President, JPAR® Franchising.
About JPAR® – Real Estate:
JPAR® - Real Estate and JPAR® Franchising is a full-service real estate brokerage and franchise platform offering a highly competitive transaction fee-based model and agent-centric culture. The JPAR® platform provides agents 7 day-per-week broker support, physical office locations, a comprehensive tech stack and open architecture, physical office locations, marketing, lead generation, training, coaching, mentoring and agent health care. The company boasts more than 4,000 agents operating in 65 offices across 26 states and closes more than $8B annually in sales volume.
About Franchise Business Review
Franchise Business Review (FBR) is a leading market research firm serving the franchise sector. FBR measures the satisfaction and engagement of franchisees and franchise employees and publishes various guides and reports for entrepreneurs considering an investment in a franchise business. Since 2005, FBR has surveyed hundreds of thousands of franchise owners and over 1,200 leading franchise companies.