News Updates

FCP Names Garland Faist and Jason Bonderenko as Partners

by admin
Comment Off
808 views

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.

by admin
Comment Off
502 views

Trader Joe’s leads the pack for homebuyers, while ALDI wins among investors; Average home value near Trader Joe’s is $644,558, compared to $532,224 near Whole Foods and $250,850 near ALDI ATTOM Data Solutions, curator of the nation’s premier property database, released its annual 2020 Grocery Store Wars analysis, which shows how living near a Trader Joe’s, a Whole Foods or an ALDI might affect a home’s value – as a homebuyer based on home price appreciation and home equity, or as an investor looking for the best home flipping returns and home seller ROI. For this analysis, ATTOM looked at current average home values, 5-year home price appreciation from YTD 2020 vs. YTD 2015, current average home equity, home seller profits, and home flipping rates in U.S. zip codes with a least one Whole Foods store, one Trader Joe’s store and one ALDI store. For Homebuyers While homes near a Trader Joe’s realized an average 5-year home price appreciation of 35 percent, and homes near a Whole Foods saw an average appreciation of 33 percent, ALDI had a slight advantage at 41 percent. However, not only does Trader Joe’s lead the pack for homebuyers in average home value at $644,558, but it also takes the lead in home equity with homeowners earning an average of 37 percent ($255,066) equity, compared to Whole Foods at 33 percent ($191,380) and ALDI at 26 percent ($71,204). The average value for homes near a Whole Foods is $532,224, and $250,850 for homes near an ALDI. The average equity for all zip codes with these grocery stores nationwide is 29 percent. For Investors Properties near an ALDI are ripe for investors, with an average gross flipping ROI of 58 percent, compared to properties near a Whole Foods which had an average gross flipping ROI of 36 percent and Trader Joe’s at 30 percent. Although, properties near an ALDI are seeing less of an average home seller ROI than properties near a Trader Joe’s or Whole Foods, investors are still gaining with an average home seller ROI of 41 percent. The average home seller ROI for properties near a Trader Joe’s is 51 percent, and 43 precent for properties near a Whole Foods. The average home seller ROI for all zip codes with these grocery stores nationwide is 43 percent.

by admin
Comment Off
498 views

The PIP Group and RCN Capital have just created the checkmate of all real estate investing moves. The partnership between passive real estate investing and leveraging hard money will change how the individual investor looks at opportunities.. Join the PIP Group’s Founder and CEO, Charles Sells, as he joins RCN Capital’s Connor Hibbs, to discuss what this partnership will do for your future investments. In this presentation you can learn: –How to fund more projects with the same amount or even less capital. –How one can leverage our 20+ years of experience for a much better rate. –The variety of different loan options. –And much more!. Join us, December 17th, at 3:00 pm EST, for a presentation that you will not soon forget — After the webinar, have your questions ready for our Q and A session. Special thank you to the National Real Estate Insurance Group and REI INK for their continued support and promotional efforts of this event. Take some time to view their website and sign up to their newsletters. Register Today For This Exciting Webinar! https://us02web.zoom.us/meeting/register/tZEvc-mgpzkpHdYCIPCZQkoYkvDSHKZgzrmX

by admin
Comment Off
624 views

Ignite Funding, a hard money lender, announced that it was voted as the Gold Medal winner in two categories in the Las Vegas Review Journal’s annual Best of Las Vegas competition. Ignite Funding, a small local company, achieved Gold for the “Best Real Estate Investment Firm” and rose to the occasion to unseat the much larger, national company Berkshire Hathaway (the reigning winner since the category’s inception in 2017) for “Best Commercial Real Estate Broker“. “I never imagined that we would ever be able to outvote a company of that size and caliber,” says Ms. Carrie Cook, President of Ignite Funding. “Our stamina to continue to operate even with a pandemic had a greater impact than we realized.” Ignite Funding attributes its success to its ability to quickly adapt to any scenario. In March, Ignite Funding sent its employees to work from home for their protection until it could transition back to a safe office environment in May. The transitions were seamless, maintaining a semblance of “business as usual” that other companies are struggling to regain. Ignite Funding is the steadfast rock amidst the turmoil and proves that having at least one constant can yield volumes of much needed relief to its employees, investors, and borrowers. This relief has amplified the growth of confidence in the company that will continue to contribute to its success in the years to come. Ignite Funding proves that real estate lending does not stop because of an epidemic. Thousands of private investors continue to fill the gap left by traditional bank lending while earning double-digit returns collateralized by real property. To date, Ignite Funding has facilitated 1,240 real estate investments funded with $846 million in investor capital, providing 49 borrowers in 13 states with the ability to acquire and develop over 12,000 acres of land, 7,900 residential lots and 3.3 million square feet of commercial space.

by admin
Comment Off
562 views

Geospatial Analytics®, a real estate software development company, announced the release of a new set of analytical solutions. The suite of products consists of Analytic Calculators™, Analytic Widgets™, Analytic Predictors™, and Analytic Pods™, which are an integral component of the Geospatial Analytics® industry-leading real estate management SaaS suite of solutions. A data analytics solution, Analytic Calculators™ enables users to answer important business calculations. Analytic Widgets™ enables users to access data from various sources and perform search functions with it. Analytic Pods™ allow users to daisy chain calculators and widgets together to solve problems. All solutions can be accessed by a mobile device, tablet, or computer. For instance, a technician comes to replace a store’s ceiling tiles. The floor plan is irregular, but he selects from floorplans in an Analytic Calculator™, puts in the measurements, and the calculator determines the material amount needed. He then uses an Analytic Widget™ to determine what stores have the tiles, the costs, and the distance to each store. Accessing an Analytics Calculator™, assembled within an Analytic Pod™, he determines which store to visit using these calculations for the optimal financial decision. Management can use Analytic Predictors™ to aggregate the results from technicians, allowing for workforce and resource planning and forecasting of future demand. “Analytics has historically been the domain of Data Scientists and the C-Suite, providing invaluable insight at the enterprise level,” said Cynthia Timm, president of Geospatial Analytics. “Operational processes and front-line workers have not been able to leverage the significant advantages of analytics in everyday tasks. These tasks are performed literally tens of thousands of times per day throughout the industry, wasting millions of dollars due to inefficiencies. Management now can have access to all that information to make strategic decisions regarding operations. By democratizing analytics, Geospatial Analytics® is revolutionizing the use of analytics in business environments and transforming the industry.”

by admin
Comment Off
450 views

In an effort to help investors meet their income needs in retirement, manage their risk, and preserve their property wealth across generations—all while managing investment property wealth like they do other investments, Realized, a technology-enabled platform that provides Investment Property Wealth Management™(IPWM), announced the launch of Realized Direct. The new division enables direct investments in individual real estate properties and builds on the company’s existing offering that provides individuals with access to securitized investment portfolios of institutional quality real estate. Through this breadth of offering—individual properties and portfolios—people have access to a host of investment options that can fit their diversified investment strategies to maximize risk adjusted returns. “Realized Direct is a natural extension of Realized’s traditional business. Investors can now use institutional quality tools and insights to select DST and direct properties. By adding the capabilities of Realized Direct, we are responding to the feedback of our investor clients who want the optionality of including direct property as part of their overall IPWM solution,” David Wieland, Realized Founder and CEO.