Know the True Cost of Investor Insurance
Besides knowing the cost of the insurance, be aware of “gotchas” that can ruin you financially.
Read More
NES Financial Signs 20th Opportunity Zone Fund to Groundbreaking Administration Platform
N ES Financial has contracted to provide its 20th Opportunity Zone Fund client with its purpose-built Opportunity Zone Fund Administration Suite, which is designed to provide security, transparency and compliance to fund managers and investors. NES Financial’s innovative, technology-enabled administration expertise, which has established best practices in private equity, EB-5 investor visas and tax-deferred 1031 property exchanges, is poised to do the same for Opportunity Zone Funds. “Pending further regulations, the OZ [Opportunity Zone] program is currently operating with a minimum in initial oversight,” said Reid Thomas, executive vice president at NES Financial. “On the one hand, this is a good thing—there’s very little red tape to deter fund formation and investment. However, this same flexibility also leaves the industry vulnerable to impropriety, intentional or otherwise. Our OZ Fund Administration Suite brings established best practices from other, more mature financial industries into the Opportunity Zone space, maximizing fund security, transparency and compliance and providing peace of mind to investors.”
Read MoreRent Manager Is FrontRunner or Residential Property Management Software
Software Advice has again named London Computer Systems’ product, Rent Manager® property management software, a FrontRunner for residential property management software. LCS develops business-critical software used in all 50 states and several global markets. “The property management technology space continues to change, and our goal is to be on the leading edge of that innovation,” said Brittany Christerson, director of sales and marketing for Rent Manager. FrontRunners is published on Software Advice, an online service for businesses navigating the software selection process. FrontRunners evaluates verified end-user reviews and product data, positioning the top-scoring products based on usability and user recommendations for businesses. Rent Manager had a Usability score of 4.41 and a User Recommended score of 4.28, both out of a possible score of 5. Rent Manager was ranked in the top three enterprise vendors for property management software programs included on the report. A total of 170 residential property management products were evaluated. FrontRunners constitute the subjective opinions of individual end-user reviews, ratings, and data applied against a documented methodology; they neither represent the views of, nor constitute an endorsement by, Software Advice or its affiliates.
Read MoreSiteSeer Technologies Named Preferred Vendor of SVN Commercial Real Estate Brokerage Firm
SiteSeer Technologies, creator of SiteSeer Professional site selection software, has been named a preferred vendor of SVN International Corp. Founded in 1987, SVN is a globally recognized commercial real estate brand. SVN will use SiteSeer’s Void Analysis tool to identify retail demand gaps and fill shopping centers with quality retail tenants. The company also intends to use Retail Match Analog Model, Model Builder, demographics tools and mapping tools in SiteSeer. SiteSeer provides a suite of software, professional services, consulting and support for site selection and market analysis. SiteSeer Professional is a web-based analytics platform that helps businesses make data-driven location decisions through mapping, demographics, custom reporting, analytics and predictive modeling tools.
Read More
Build-to-Rent Housing Garners Investor and Lender Interest
The need for affordable housing is driving the attention.
Read MoreWorley Acquires Alacrity
Worley Claims Services, which provides insurance claims services in North America, has acquired Alacrity Renovation Services from Lowe’s Companies, Inc. Financial terms of the transaction were not disclosed. Founded in 1999, Alacrity provides managed home, property restoration and commercial property repair and emergency services to insurance carriers, financial institutions, property asset management firms and the real estate market. Through its experienced workforce of approximately 150 employees and credentialed network of more than 2,500 contractors, Alacrity specializes in providing property restoration and repair solutions in all markets throughout the United States. Jim Pearl, CEO of Worley, said: “This acquisition expands Worley’s position as one of the largest providers of managed repair services in the property insurance market and aligns with our long-term strategy to continue making investments and strategic partnerships that will allow us to be a more comprehensive service provider capable of meeting the needs of our clients throughout the claim lifecycle.” Worley provides property, auto and casualty claims adjustment services and staffing solutions to national and regional insurance companies, MGAs, TPAs, self-insured corporations, as well as clients in the federal/state government sector. Alacrity is Worley’s eighth acquisition since 2015. In addition to the Alacrity acquisitions, Worley has also acquired Nexxus Solutions, NCA Group, RJMW Claims Services, Summit Independent Claim Services, Apex Claims Services of New England, Audit Services and Replacement Source of America.
Read More
