2022 – Page 67

Bridge Investment Group Closes Gorelick Brothers Capital Transaction

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Bridge Investment Group Holdings Inc. (“Bridge”) (NYSE: BRDG) announced that the previously disclosed transaction to acquire certain assets of Charlotte, North Carolina based Gorelick Brothers Capital, LLC (“GBC”), including a portfolio of single-family rental (“SFR”) homes owned by GBC-managed vehicles and a majority of GBC’s asset and property management business, has closed. In connection with the transactions, Bridge acquired 60% of GBC’s business, valued at $50 million. Bridge has funded

Word of the Day: Prescient

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[PRESH-ənt] Part of speech: Adjective Origin: Latin, early 17th century Definition: Having or showing knowledge of events before they take place Examples of Prescient in a sentence “The psychic gave a prescient warning of things to come.” “No one understood how prescient the press statement was until a few days later.” About Prescient This word comes from the Latin “praescient-,” meaning “knowing beforehand.” This stems from the verb “praescire” — “prae” meaning “before” and “scire”

U.S. Foreclosure Activity Drops

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Foreclosure Starts and Completions Hit New Record Lows Nationwide ATTOM, licensor of the nation’s most comprehensive foreclosure data and parent company to RealtyTrac, the largest online marketplace for foreclosure and distressed properties, released its Year-End 2021 U.S. Foreclosure Market Report, which shows foreclosure filings— default notices, scheduled auctions and bank repossessions — were reported on 151,153 U.S. properties in 2021, down 29% from 2020 and down 95% from a peak of

Tami Bonnell

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Childhood Lessons Taught Me to be a CEO By Tami Bonnell Real estate was always a part of my life. I did not exactly grow up in the typical real estate family of people listing and selling; my dad was involved in building and developing. He had an eye for two things, people and possibilities. I am one of six children and one of the best things we were ever

“Servant Leadership”

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How Kyle Amerson Built His Real Estate Business Serving Others As a student at Dallas Baptist University, Kyle Amerson learned a lot about “servant-leadership.” Not only was it the university’s mission, but it was soon to become a way of life for the young business school graduate. He applied these teachings and philosophies not only in his personal life but in his business career as well. The Beginnings As a

SFR Investors Data Preferences and Uses

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Only a Small Percentage of SFR Investors Take Advantage of Readily Available Key Data Points By Kori Covrigaru SFR investors collect and utilize property data for various reasons, but surprisingly, many do not take advantage of the full gamut of benefits. In a recent survey we conducted, PlanOmatic found that out of a total of 1,893 responses, property data collected onsite was mostly used for property maintenance purposes, which accounted