Openpath Chosen As Official Access Control and Technology Partner for Real Estate Powerhouse Lincoln Property Company

Cision PR Newswire | February 25, 2020

Openpath, a leader in modern mobile access control, is announcing a partnership with Lincoln Property Company (LPC), one of the largest diversified real estate service firms in the United States. Openpath has been selected as LPC's technology partner to standardize and bring best-in-class technology solutions across its current portfolio and planned developments of commercial spaces. Openpath's award-winning platform focuses on integrated technology to provide frictionless mobile access and scalable cloud-based solutions that can also integrate with legacy systems. This collaboration future-proofs LPC's security offerings for modern commercial development.  The partnership marks a shift in the commercial real estate market, as operators and tenants demand technology-capable properties that provide ease, efficiency and advancement to address high-risk security challenges. Already deployed in a number of LPC's Los Angeles properties, Openpath will continue to outfit buildings across the country, providing state-of-the-art, personalized security plans and solutions for individually customized building needs.

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AGENT, REAL ESTATE ADVICE

RESAAS Wins PropTech Breakthrough Award for Second Year Running

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.

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REAL ESTATE ADVICE

Intero Celebrates 20 Years of Building Dreams

Intero | October 21, 2022

Intero, a Berkshire Hathaway affiliate and wholly owned subsidiary of HomeServices of America, Inc., is proud to celebrate 20 years of helping people achieve their real estate dreams. Intero, which means “whole and complete” in Italian, was founded on delivering an innovative and unique experience for real estate agents, homebuyers, sellers, and property investors. Intero opened the doors of its first office in 2002 when founding members Gino Blefari, Kevin Moles, Tom Tognoli, John Thompson, Jerry Kiss, Terry Meyer and Brian Crane came together to combine their experiences under a single vision for an “ideal” brokerage. The group’s established careers in the real estate industry allowed the start-up to develop a value system—the Value Pyramid, which is the foundation for Intero’s culture and success. “We took this value pyramid and wrapped it in a culture of discipline, We wanted this to be a place where you would focus hard on work, but work even harder on yourself.” -Gino Blefari, CEO of HomeServices of America and founder of Intero The brokerage provides a complete suite of best-in-class training, tools, services, and support for residential and commercial agents, as well as a comprehensive set of partnerships and services that conveniently and cost-effectively covers nearly every potential transaction or need in a property owner’s journey. Guided by our core principles of trust, respect, and integrity, we have grown from a Bay Area start-up to a nationwide entity encompassing 57 corporate and franchise offices with nearly 2,500 active agents and more than 120 staff members, The Intero Foundation has also raised more than $6.2 million since its inception in 2002, and we are proud to have given back to more than 260 charities over the past 20 years in business,said Brian Crane, CEO and co-founder of Intero. As a company built by real estate agents for real estate agents, Intero has always focused on its people. Intero’s positive and supportive culture is provided by the best leaders and managers in the business, and continues to draw top producers and newly licensed agents alike. In 2022 to date, Intero has welcomed 388 new agents (229 in corporate and 159 in franchise), including top producers like Meesun (Debora) Kang. We are incredibly excited to have Debora join our ever-growing San Jose office, Debora brings a wealth of knowledge and experience to our team, and we are thrilled to support her as she takes her already thriving business to the next level,said Patrick Judge, Vice President and Managing Officer of Intero Willow Glen and Almaden/Blossom Valley. In the 20 years we’ve been in business, we have been through recessions, natural disasters, the pandemic, but through every market shift we remain focused on bolstering the local economy by helping all with their residential and commercial real estate needs, We’re very fortunate to call Silicon Valley home and appreciate the many opportunities to represent everyone’s interests and assist them in reaching the best real estate outcomes possible,said Terry Meyer, Vice President of Intero Los Gatos, General Manager of Intero’s Commercial Division and co-founder of Intero. Annual sales volume for Intero has multiplied exponentially, from hitting $1 billion in the brokerage operation’s first full year to $5 billion in its second year to $16.2 billion in 2021. We are extremely thankful to the many individuals, partners and businesses who have supported us over the last 20 years, Our 20th anniversary is not only a celebration, but also a resolution to continue leading the market with our disciplined focus on helping every agent and customer feel confident in their real estate ventures,added Crane. Intero: A Berkshire Hathaway affiliate and wholly owned subsidiary of HomeServices of America Inc., serves Northern California and Nevada with 21 offices throughout the greater Silicon Valley, San Francisco, Calaveras County, Western Nevada, and the Greater Lake Tahoe Region. The Intero Franchise network comprises 34 affiliates located in California, Nevada, Tennessee, and Texas. The company is headquartered in the heart of California’s Silicon Valley.

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REAL ESTATE INVESTMENT

Nitya Capital Continues Global Growth, Opens Investment Opportunities for UAE

Nitya Capital | September 26, 2022

Nitya Capital, a U.S. real estate investment firm, announced that it is expanding to the United Arab Emirates (UAE) as part of its continuing global growth strategy. Nitya plans to open an office in January 2023 to grow its investor base and provide opportunities to directly invest in U.S. real estate amid shifting global economies and stock market fluctuations. Following the recent opening of Nitya’s India office in 2020, the expansion to the UAE underscores the increase in global demand for reliable alternative investment opportunities found in U.S. real estate, particularly multifamily. Nitya’s UAE branch plans to reach a newer, locally sourced investor base, specifically family offices, institutions, and high-net-worth investors. “Opening our first branch in the Middle East is an exciting stepping stone in Nitya’s growth, The Middle East is a very important hub for Nitya given our recent successful capital raises in the region, and we can’t wait to offer the best in real estate services to Middle Eastern institutions and high-net-worth investors. I’m very grateful for the love and hospitality I’ve experienced during my many visits to the UAE and it’s an honor to be working with the investment community.” -Swapnil Agarwal, CEO of Nitya Capital Nitya leadership recently executed successful overseas investment deals with one of UAE’s largest institutional groups, as well as attributed meaningful investments with Middle East families in the past. With this expansion, the company will continue the momentum and meet increased demand from local investors who want to explore a new wave of recession-resilient real estate ventures through a direct presence within the region. Nitya’s Middle East Partner and Managing Director for the new UAE location, Rasheed Chahal, will oversee all internal and regional developments across the branch, work with investors on all levels (high-net-worth individuals, family offices, institutions) for U.S. real estate deals as well as help to grow the UAE office. Chahal has more than 15 years of experience in various roles in real estate development, investment management, and capital markets across North American and Middle Eastern regions. Multifamily real estate in the United States remains to be a lucrative investment as it continues to see increase in demand for housing given continued population growth and shortage of supply, despite global economic shifts. We want to bring these investment opportunities directly to the UAE investment community, Our expansion will provide local investors with in-area, on-the-ground representation and can help them take advantage of exceptional real estate opportunities without taking on major risk. With all the uncertainty and rising inflation taking place across national economies, real estate continues to be a powerful hedge and very attractive place to put your money,stated Chahal. Nitya Capital has experienced historic growth since 2020, has partnered with large institutions across North America, explored several successful new student housing portfolios, opened an India office, and increased its total assets under management. The company currently oversees assets in excess of $3b. Overall, it has successfully exited over $2.5b in assets with 25%+ in total generated net returns for its investors since the company’s launch in 2013. Its latest extension into the UAE region marks a substantial diversification in its growth across national waters, allowing for local investors to seize profitable real estate opportunities with safe and stable returns. About Nitya Capital Nitya Capital is a privately-owned national real estate investment firm headquartered in Houston, Texas. As active investor-operators, Nitya Capital takes a disciplined approach across all avenues pre- and post-acquisition. Our team of dedicated professionals works thoroughly to monitor key performance indicators and optimize asset performance, engaging in in-depth market research and data analysis. We additionally provide a thorough due diligence process and a holistic, hands-on asset management model, maximizing our attention to detail on all ends of the spectrum.

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REAL ESTATE TECHNOLOGY

Cherre Honored in the Most Prestigious Awards in Commercial Real Estate Tech for the Fifth Consecutive Year

Cherre | October 17, 2022

Cherre, the leading data integration and insights platform, today announced that it was selected as a finalist at the Ninth Annual Real Estate Tech Awards (RETAs) in the Mid Market Growth category, presented by CREtech, the world’s leading community of professionals devoted to technological innovation in the real estate sector. This is the fifth consecutive year that Cherre has been honored in this awards program, previously receiving RETAs in the Data, AI, Geospatial and Mapping, Information and Intelligence, and Mid Market Growth categories. This distinction from CREtech comes on the heels of a year of growth and expansion for Cherre. In Q2 alone, as public markets declined amid rising interest rates, Cherre bucked the trend by growing its ARR by 79% and its client count by 78% YoY. Additionally, Cherre’s expanded customer base increased Cherre-powered assets under management (AUM) to $2.9 trillion. Throughout the last year, the Cherre team has also forged several strategic partnerships with notable industry players, most recently including an alliance with Dealpath that enabled the two real estate tech players’ mutual customers to easily connect real-time deal pipeline and portfolio analytics data with public, private and other third-party data for deeper insights. Lastly, Cherre established an international footprint by adding building footprint data for the UK and Canada into CoreConnect. “We’re excited to add another RETAs recognition to our collection of industry awards, The continued recognition by the RETAs judging panel underscores the impact Cherre’s vision and technology have had on the real estate industry.” - L.D. Salmanson, CEO and co-founder of Cherre Cherre’s award-winning platform seamlessly connects disparate real estate data, enabling its customers to automate workflows, in addition to building out predictive analytics. With Cherre, customers can evaluate opportunities and trends faster as well as more accurately, while saving millions of dollars within the manual data collection and analytics costs. In partnership with Colliers, the Real Estate Tech Awards are the leading international awards honoring excellence in commercial real estate tech. The awards recognize the most cutting-edge companies that have played an integral role in advancing tech in the industry throughout the year. Backed by the leading voices and thought leaders in the commercial real estate tech industry, the awards were open to startups or technology companies servicing the industry. About Cherre Cherre is the leader in real estate data and insight. We connect decision makers to accurate property and market information, and help them make faster, smarter decisions. By providing a unique “single source of truth,” Cherre empowers customers to evaluate opportunities and trends faster and more accurately, while saving millions of dollars in manual data collection and analytics costs. Cherre launched in 2016 and is located in New York City. About CREtech CREtech is Reimagining Real Estate. We are the largest international community of professionals devoted to technological innovation in the real estate sector. Our mission is to help the industry embrace, adopt, and future proof its businesses. Our streaming, live/virtual events, and consulting platform inspires the next generation of ideas, processes, and people to champion the world's largest asset class.

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