BUYING/SELLING

Walker & Dunlop Completes the Sale of Richwood, Texas Apartments

Walker & Dunlop | June 30, 2022

Apartments
Walker & Dunlop, Inc. announced that it facilitated the sale of East Bank at Richwood Village, a 200-unit luxury apartment complex located in Richwood, Texas. The property represented a rare opportunity to invest in a high-quality asset within the greater Lake Jackson submarket, a fast-growing area with limited multifamily stock.

Ryan Epstein and Jennifer Ray led the Walker & Dunlop team in facilitating the disposition from the seller, Pensam Capital, LLC to the buyer's representative, BR Premier Properties. The team assisted the client throughout the entire transaction, ensuring a favorable sale price.

Demographic and employment trends within the Lake Jackson area have been extremely positive over the past several months. Occupancy and rent growth in the immediate area have both been increasing significantly, making East Bank an excellent investment opportunity."

Ryan Epstein, Managing Director

With premium garden-style multifamily residences, East Bank at Richwood Village caters to the Alvin, Angleton, and Lake Jackson submarkets. The community's amenities include a cybercafé, fitness center, clubhouse, outdoor firepit, and dog park. In addition, Dow Chemical, the largest employer in the Lake Jackson area with nearly 4,000 employees, is located less than five miles west of East Bank at Richwood Village. The broader Brazoria County area also offers employment in many different industries, with oil, gas, and chemical companies at the top of the list of employers.

Walker & Dunlop is a leader in multifamily property sales, having completed $19.3 billion in property sales volume in 2021 alone, up 214% from 2020. Visit our website for information about multifamily properties available for sale via Walker & Dunlop's property sales platform.

About Walker & Dunlop
Walker & Dunlop is one of the largest providers of capital to the commercial real estate industry, enabling real estate owners and operators to bring their visions of communities — where Americans live, work, shop and play — to life. The power of our people, premier brand, and industry-leading technology makes us more insightful and valuable to our clients, providing an unmatched experience every step of the way. With more than 1,400 employees across every major U.S. market, Walker & Dunlop has consistently been named one of Fortune's Great Places to Work® and is committed to making the commercial real estate industry more inclusive and diverse while creating meaningful social, environmental, and economic change in our communities.

Spotlight

Landlords should have a provision in their lease that states that notice of non-payment of rent is waived. If that clause is contained in the lease, then it becomes a business decision on the part of the landlord regarding when to turn a defaulting tenant over to the attorney for eviction. If this clause is not contained in the lease, then a notice of default must first be sent to the resident before legal proceedings can be initiated. Download this white paper for more details on late fees, interest, attorney’s fees and other damages; as well as evictions and unlawful detainers.


Other News
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

CRMLS makes SavvyCard for Real Estate a core product for its 110K+ users

California Regional Multiple Listing Service and SavvyCard | November 04, 2022

Following SavvyCard's® strong adoption and renewal rates by participating associations, California Regional Multiple Listing Service (CRMLS) has signed a four-year deal to make the SavvyCard platform a core product offering for all of CRMLS' 110,000+ users. SavvyCard® is a Software-as-a-Service (SaaS) platform that utilizes aggregated client data to automatically generate customized web applications (called "SavvyCards") for companies, products, and business professionals. SavvyCards are currently used by over 200,000 business professionals to automate and enhance their digital marketing and lead generation efforts. CRMLS will deploy SavvyCard for users across all 41 participant associations on Nov. 15. Previously, SavvyCard was offered to CRMLS users through the CRMLS Co-Op program, where more than 30 participating associations chose to offer it as a benefit for their members. "Three years of strong adoption by the majority of our participating associations, and more importantly a 100-percent yearly renewal rate, made it an easy decision to make SavvyCard a core CRMLS product for our associations, We believe that SavvyCard delivers a valuable business program and we are excited to extend our relationship with them. We're looking forward to bringing our users the impressive features the SavvyCard software suite has to offer." -Art Carter, CRMLS CEO We know that CRMLS is very selective when it comes to adopting product offerings, making it all the more gratifying for SavvyCard to be upgraded into a core product for its 110,000+ users, Our focus on product development, along with our valuable training programs and support have served us well. We look forward to working with CRMLS on bringing the next generation of SavvyCard to its users and their customers,said Warren Dow, GM of Real Estate at SavvyCard. About California Regional Multiple Listing Service (CRMLS): California Regional MLS is the nation's largest and most recognized subscriber-based MLS, dedicated to servicing more than 110,000 real estate professionals from dozens of Associations, Boards, and MLS organizations. CRMLS is the industry powerhouse and thrives on providing the most relevant products and services to its subscribers. About SavvyCard®: SavvyCard® is a Software-as-a-Service (SaaS) platform that utilizes aggregated client data to automatically generate customized web applications (called "SavvyCards") for companies, products and business professionals. SavvyCards are currently used by over 200,000 business professionals to automate and enhance their digital marketing and lead generation efforts. When SavvyCard's flagship software, SavvyCard for Real Estate and SavvyCard for Affiliates is combined with RE-Target®, Associations and MLSs have broad visibility into communication performance, member engagement, and overall return on investment for member services.

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REAL ESTATE INVESTMENT, REAL ESTATE ADVICE

JLL Income Property Trust Celebrates 10-Year Anniversary

JLL Income Property Trust and LaSalle Investment Management | October 13, 2022

This month JLL Income Property Trust, celebrates reaching 10 years since launching as the first institutionally advised, daily net asset valued REIT in 2012. Since its inception, JLL Income Property Trust has grown to a nationally diversified, nearly 140-property portfolio investing across multiple property sectors including residential, industrial, grocery-anchored retail and healthcare. "We could not be prouder to mark this 10-year milestone, We created JLL Income Property Trust to deliver core, income-producing real estate to an underserved investor segment at a time when prior vintages of non-traded REITs had high fees, limited transparency and were being closely scrutinized by regulators. We wanted to change that. While the NAV REIT market has grown and evolved tremendously over the past decade, our goal has stayed the same: to deliver stable and growing, long-term cashflow for our stockholders. That objective continues to drive our investment decisions, and is especially important in today's volatile, yield-hungry market environment. Thanks to all our stockholders for putting your trust in us." -JLL Income Property Trust President and CEO Allan Swaringen JLL Income Property Trust has declared 43 consecutive quarterly dividends and achieved annualized dividend growth of nearly 4% since 2012. That dividend growth has been underpinned by a growing, diversified and low-leveraged core portfolio. Valued today at approximately $7.2 billion, JLL Income Property Trust's portfolio has achieved a compound annual growth rate of 24 percent since inception, and now includes: More than 12.9 million square feet of industrial properties Nearly 4 million square feet of grocery-anchored retail space Nearly 1.4 million square feet of healthcare-oriented properties Over 10,000 residential units During its first 10 years, JLL Income Property Trust has achieved annualized net-of-fee returns of approximately 9.2% on its lowest fee share class while also delivering low volatility as measured by a 3.3% standard deviation. Added Swaringen, Looking forward, we're excited for the opportunities that lay ahead, and feel our portfolio is well constructed to continue to deliver the long-term, stable cashflow and attractive risk adjusted returns our stockholders have come to expect. It is also a testament to our vision that the NAV REIT market continues to grow and expand with programs modeled after our pioneering new structure. About JLL Income Property Trust, Inc., JLL Income Property Trust, Inc. is a daily NAV REIT that owns and manages a diversified portfolio of high quality, income-producing residential, industrial, grocery-anchored retail, healthcare and office properties located in the United States. JLL Income Property Trust expects to further diversify its real estate portfolio over time, including on a global basis. About LaSalle Investment Management LaSalle Investment Management is one of the world's leading real estate investment managers. On a global basis, LaSalle manages approximately $82 billion of assets in private and public real estate property and debt investments as of Q2 2022. LaSalle's diverse client base includes public and private pension funds, insurance companies, governments, corporations, endowments and private individuals from across the globe. LaSalle sponsors a complete range of investment vehicles including separate accounts, open- and closed-end funds, public securities and entity-level investments.

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MARKET OUTLOOK, REAL ESTATE INVESTMENT

REALTY ONE GROUP GROWS AND EXPANDS IN Q3 DESPITE A CHALLENGING HOUSING MARKET

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.

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Spotlight

Landlords should have a provision in their lease that states that notice of non-payment of rent is waived. If that clause is contained in the lease, then it becomes a business decision on the part of the landlord regarding when to turn a defaulting tenant over to the attorney for eviction. If this clause is not contained in the lease, then a notice of default must first be sent to the resident before legal proceedings can be initiated. Download this white paper for more details on late fees, interest, attorney’s fees and other damages; as well as evictions and unlawful detainers.

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