2021 – Page 58

ATTOM Hires Stuart Bern as Head of Strategic Partnerships & Corporate Development

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ATTOM, curator of the nation’s premier property database, has hired seasoned veteran Stuart Bern as head of strategic partnerships & corporate development. In this role, Bern will lead the development of new partnerships and support M&A efforts, as ATTOM continues its exponential growth. This appointment signals ATTOM’s ongoing expansion and its commitment to expand strategic business relationships. “Stuart’s wealth of business development experience and go-to-market strategies will make him an extremely vital asset as ATTOM further expands its data footprint and accelerates its business growth,” said Rob Barber, CEO of ATTOM. “His expertise in growing a B2B ecosystem and his proptech knowledge, will guide us as we take additional steps to drive market growth and build strategic partnerships.” This exciting announcement comes on the heels of ATTOM’s recent acquisition of Home Junction, solidifying ATTOM’s mission to increase real estate transparency, and showcasing its steadfast investment in data and people. “I am excited to join the ATTOM family,” said Bern. “I look forward to leveraging my previous experience in identifying and building strategic partnerships to continue ATTOM’s already tremendous growth and to further scale our business.”

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eScreenLogic, a leading provider of commercial real estate due diligence services, is expanding its Platform-as-a-Service (PaaS) technology as a part of its growth, and has rebranded to become CREtelligent™. The company’s platform provides professional insights to empower lenders and corporate real estate professionals to make strategic decisions with instant access to and interpretation of environmental, valuation, and other relevant due diligence data on properties. The new name and brand identity reflect the company’s vision for the modernization of CRE due diligence processes with a transformational approach to delivering unbiased, insightful, data-driven solutions that optimize costs and time. “We’re excited to unveil our new name, CREtelligent, as it reflects the exceptional growth, quality, turnaround times, and world-class customer experience that we offer to our customers in the commercial real estate ecosystem. Our PaaS solution expedites transactions by providing accurate, intelligent, and ultra-fast environmental and related due diligence insights and data, while simultaneously providing customers with environmental engineering experts across the country at their fingertips,” said Anthony Romano, CEO, CREtelligent. CREtelligent is powered by the Radius platform that aggregates local, state, and national property databases to streamline the evaluation of the environmental condition of a commercial property through a proprietary interface that creates a visualization of the data.

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The COVID-19 pandemic and associated shift to working from home have transformed the location and feature requirements of both homebuyers and renters, according to companion surveys of more than 1,000 consumers and 600 real estate professionals by Homes.com. The “new normal” is fueling more moves from cities to suburbs, more long-distance moves, and new space and amenity demands while also prompting sellers to be more selective in a market where 95% of transactions are receiving multiple offers. A majority of these moves are likely to be permanent, with nearly three out of four consumers who have moved or planning to move to take advantage of remote work opportunities reporting they will not return to their pre-pandemic residences. “The surge in the work-from-home population has rewritten the playbook for many homebuying and rental decisions, from when and where to relocate, to what people are looking for in their next residence,” said Homes.com President, David Mele. “That, in turn, is prompting changes for real estate professionals, many of whom are expanding their market area to better serve clients who are moving farther than before. If working from home becomes standard operating procedure for many companies, as predicted, these changes will be with us for years to come.”

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Lument, a national leader in commercial real estate finance, has been ranked second in Federal Housing Administration (FHA) multifamily and seniors housing and healthcare lending for the fiscal year ending September 30, 2020, according to year-end figures released by the U.S. Department of Housing and Urban Development (HUD). The firm was runner-up for closed loan volume as well as loans closed. “We continue to be a proud partner of HUD and a champion of its lending programs,” said Lument CEO James Flynn. “They provide our clients with exceptional long-term certainty, especially in this historically low interest rate environment.” This was a record year for FHA, with 1,237 closings totaling over $22 billion, an increase of 58% year-over-year. “That HUD was able to record such impressive volumes despite the challenges posed by the COVID-19 pandemic is a testament to the dedication of its staff and the attractiveness of its programs,” Flynn added. The 2020 HUD volume does not include note modifications, which reduce interest rates on existing HUD loans. During this period, Lument closed more than 70 note modifications for seniors housing and healthcare borrowers totaling more than $740 million, bringing its total FHA lending volume in this category to $1.5 billion.

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FCP, a privately held real estate investment company that has invested in or financed more than $8.3 billion in assets since its founding in 1999, has named Garland Faist and Jason Bonderenko as Partners of the firm. “FCP is incredibly privileged to have Garland and Jason join myself and Managing Partners Esko Korhonen and Alex Marshall as Partners in the firm,” said FCP Managing Partner, Lacy Rice. “They not only demonstrate industry-leading talent but exemplify the culture, discipline andstrategic thinking that are innate to the company.” Garland Faist is FCP’s Chief Operating Officer and serves on FCP’s Executive Management team and Investment Committee. Faist is responsible for directing the finance and reporting, accounting, human resources and the tax and financial operations of FCP’s management companies and partnerships. Jason Bonderenko serves on FCP’s Executive Management team and Investment Committee, leads FCP’s multifamily acquisitions platform and directed the company’s expansion into many of its markets. Since joining FCP more than a decade ago, he has been involved with acquiring or investing in approximately 30,000 apartments valued at over $4.0 billion as well as with the investing of all four of FCP’s real estate funds.