News Updates

Partnership Creates Land Marketplace Platform

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National Land Realty (NLR) and LandGate (LG) have announced a strategic partnership to expand services, data intelligence and marketing capabilities within the land industry. The combination of LandGate’s data intelligence and NLR’s network of agents will create a major marketplace for all land transactions, with the largest number of listings from farmers, ranchers and landowners. The platform will provide an estimated value for every parcel of land, including multiple resource segments such as minerals, solar, wind, water, recreation and other factors. The valuations, nearby listings and sales are provided to both buyers and sellers for transparent and easy online market transactions. Craig Kaiser, president of LandGate, called the new platform “the Zillow for land resources.” NLR specializes in farm, ranch, country estates, timber, recreational and commercial development properties. It offers a proprietary land touring technology called Land Tour 360 and a GIS land mapping system called LandBase that catalogues land data in detailed ways. LG, founded in 2016 in Denver, is the first and only U.S. marketplace for mineral, solar, wind, water and property rights, providing free data intelligence to landowners and buyers. The company has digitized land resources valuations and applies its technologyto provide an online marketplace, appraisal services, and SaaS solutions. Author admin View all posts

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One of the country’s largest mortgage service providers, Mr. Cooper, has transitioned itsportfolio to CoreLogic’s DigitalTax Platform. The move is designed to provide Mr. Cooper’s customers with best-in-class digital, data-driven solutions. “Mr. Cooper is known for its innovation and operational excellence, and we are honored to have been selected as the company’s partner,” said Frank Martell, president and CEO of CoreLogic. “Our goal is to help Mr. Cooper streamline critical workflows and support its efforts to deliver a world-class experience to its customers.” With its cloud-based DigitalTax Platform, CoreLogic has transformed what has historically been a paper-based process into an automated and streamlined workflow. Tighter integration with the nation’s 22,000 taxing agencies is intended to facilitate near real-time tax data exchange, resulting in reduced exceptions, increased accuracy andefficiency, and a significantly improved client experience. The CoreLogic DigitalTaxPlatform is designed to deliver transparency into key data, enabling lenders to make dynamic payment decisions and optimize their portfolio and cash management. Author admin View all posts

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RLAH Real Estate has joined with Tower Hill Realty to allow growth “in ways that neither of us could have done alone,” said Patrick Kilner of Tower Hill. Kilner will be taking on the role of director of education. Tower Hill Realty is led by very special people,” said RLAH’s CEO Jason Sherman, referencing Kilner, Tamara Kucik and John Kirk. Combined RLAH will now hold Top 5 market share within Montgomery County, Maryland. Author admin View all posts

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The CoStar Group has announced the Power Brokers Quarterly Deals winners for the second quarter of 2020. Dennis Hopper, the managing principal of DSH Hotel Advisors, came out on top of the list of winners in the hotel sector within a defined market. Power Brokers Quarterly Deals’ winners are determined by their top deals in specific major markets each quarter, based on sales price and square footage. Hopper said, “COVID-19 has really slowed down the volume of hotel transactions this year; however, we are still averaging between 7-10 offers on every exclusive listing assignment, which is allowing us to move deals to contract and get them closed. There is still a large portion of buyers sitting on the sidelines waiting to see what happens with the market or hoping for big discounts, but there is also a segment of buyers that remain optimistic about the recovery and are willing to pay fair prices for hotels based on 2019 valuations with a 5-15% discount applied—for the right property.” DSH Hotel Advisors is a national hotel brokerage and advisory firm based out of Tampa, Florida. The firm exclusively represents investors seeking an acquisition or disposition of hotel assets throughout the U.S., with a regional focus in the southeast. Author admin View all posts

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Watermark Residential has acquired 20.25 acres of land in the Castle Pines suburb of Denver for the development of The Summit Townhomes & Villas. The luxury-leased residential community will feature one- to four-bedroom attached single-family homes and townhomes. The development is expected to be completed by December 2022. The development, located along Lagae Road south of Castle Pines Parkway, will consist of 214 homes averaging 1,410 square feet. All units will feature premium interior finishes, including gourmet bar-kitchens with quartz countertops, stainless steel appliances, walk-in closets, garden tubs, full-size washers and dryers and designer light fixtures. The three- and four-bedroom townhomes will feature two-car attached garages and two-level patio decks. The paired villas will feature 10-foot ceilings, windows on three sides of the home and privately fenced patios. Community amenities will include a clubhouse, 24-hour state-of-the-art fitness center, swimming pool with cabanas and entertainment areas, pet-friendly bark park and doggie spa, local walking paths and access to an on-site management team. Watermark Residential is a wholly owned affiliate of Thompson Thrift and one of the nation’s leading multifamily developers. The Summit is the fourth luxury leased project for the company. The company also has projects under development in the suburbs of Denver, Phoenix and Nashville. Author admin View all posts

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Atlanta-based wealthtech platform GROUNDFLOOR debuts as #402 on Inc.’s list of 5,000 high-growth companies. GROUNDFLOOR has experienced three-year revenue growth of 1,141%, and it continues to see record investor growth in 2020. The company is also listed as the fastest growing financial services company in Georgia and 22nd among all financial services companies nationwide. Brian Dally and Nick Bhargava founded GROUNDFLOOR in 2013. Their vision was to open private capital markets to everyone, with as little as $10 to start. GROUNDFLOOR became the first company qualified by the Securities and Exchange Commission to offer direct real estate debt investments via Regulation A for both non-accredited and accredited investors. The company now has more than 80,000 registered users who have invested more than $270 million into over 1,750 real estate notes. The company has repaid more than 1,000 notes for over $140 million, delivering investors a 10.6 percent average annualized return1. “When we came up with the idea for GROUNDFLOOR, we knew we were not just building a new company, but also creating a new product, in a new category, for a brand new audience,” Dally said. “The momentum of investor adoption continues to build as we navigate every obstacle of finance-as-usual, and we’re extremely excited to be recognized as one of the fastest growing private companies in the country.” GROUNDFLOOR’s 2020 growth has occurred in several areas. It hit a quarterly record in the second quarter with $33.3 million in Limited Recourse Obligation and GROUNDFLOOR Notes investments, a 24% increase over first quarter 2020 and a 48% increase compared to the same period in 2019. It also set three consecutive monthly records for total investment volume across all note products in May ($11.4 million), June ($12 million) and July ($15.5 million). The company also saw a repayment of $12.2 million for loans on 88 properties in the second quarter of 2020, representing a slight increase over first quarter repayment unit and dollar volume, despite the impact of COVID-19. During a six-week period this year, GROUNDFLOOR has raised $1.7 million in equity capital through SeedInvest, bringing its public ownership to more than 22 percent and more than 3,771 individual shareholders. The company has also added new functionality to improve the investor experience, including an Investment Wizard, designed to match currently funding loans to a self-selected profile that investors can adjust to better diversify their portfolios and more easily understand the power of diversification in generating more predictable returns on investments. Author admin View all posts