Relying on a firm that uses modern technology and data not only mitigates risk but also creates significant trust and transparency between property managers and their management firms. The property management industry has needed a tech infusion for quite some time. Until recently, the property...
The new asset class on Wall Street is single-family homes, with a new focus on build-to-rent communities. In 1979, I purchased my first single-family investment property. It was located in Williamsville, New York, and I paid $23,200 for it at a mortgage foreclosure. After investing slightly more...
San Francisco-based real estate firm Hamilton Zanze has acquired two apartment communities in Columbia, Maryland, including the Timbers at Long Reach apartments and the Chimneys of Cradlerock. The deal closed Dec. 31, 2019, with seller Aimco. HZ now owns and operates six residential apartment...
Phoenix American Financial Services has announced a new client partnership with Old Greenwich, Connecticut-based Forum Partners. Phoenix American will support Forum with its full fund administration services suite, including fund accounting as well as its investor services platform. Forum invests...
Roc Capital, the New York-based capital provider for private lenders serving small and middle-market real estate developers, has formed Roc360, a holding company for the suite of products and services it will provide to its clients. The new name communicates the firm’s offerings as a full...
First American Financial Corporation, a provider of title insurance, settlement services and risk solutions for real estate transactions, has launched Endpoint, a mobile-first title and escrow company that provides a reimagined closing experience for buyers, sellers and their real estate agents....
Pembrook Capital Management LLC has closed a $10.6 million financing package for the acquisition and rehabilitation of five properties totaling 105 units in Los Angeles. The financing was structured as a $6.2 million first mortgage loan for the acquisition of 25 units located at 14949 Roscoe...
Workspace provider Novel Coworking has added two new floors of SmartSuites at the Minneapolis TriTech Center location, totaling nine new suites and 17,000-square-feet of new space. In 2019, the company debuted its SmartSuites technology-enhanced private suites, which feature a combination of...
