News Updates

NES Financial Signs 20th Opportunity Zone Fund to Groundbreaking Administration Platform

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N ES Financial has contracted to provide its 20th Opportunity Zone Fund client with its purpose-built Opportunity Zone Fund Administration Suite, which is designed to provide security, transparency and compliance to fund managers and investors. NES Financial’s innovative, technology-enabled administration expertise, which has established best practices in private equity, EB-5 investor visas and tax-deferred 1031 property exchanges, is poised to do the same for Opportunity Zone Funds. “Pending further regulations,

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Software Advice has again named London Computer Systems’ product, Rent Manager® property management software, a FrontRunner for residential property management software. LCS develops business-critical software used in all 50 states and several global markets. “The property management technology space continues to change, and our goal is to be on the leading edge of that innovation,” said Brittany Christerson, director of sales and marketing for Rent Manager. FrontRunners is published on

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SiteSeer Technologies, creator of SiteSeer Professional site selection software, has been named a preferred vendor of SVN International Corp. Founded in 1987, SVN is a globally recognized commercial real estate brand. SVN will use SiteSeer’s Void Analysis tool to identify retail demand gaps and fill shopping centers with quality retail tenants. The company also intends to use Retail Match Analog Model, Model Builder, demographics tools and mapping tools in SiteSeer.

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Worley Claims Services, which provides insurance claims services in North America, has acquired Alacrity Renovation Services from Lowe’s Companies, Inc. Financial terms of the transaction were not disclosed. Founded in 1999, Alacrity provides managed home, property restoration and commercial property repair and emergency services to insurance carriers, financial institutions, property asset management firms and the real estate market. Through its experienced workforce of approximately 150 employees and credentialed network of

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Investment firm Blackstone has added to the leadership team of its global credit platform, GSO Capital Partners (GSO). Bob Carroll has been hired as a managing director and head of distressed trading. He will oversee all trading activity related to GSO’s expansive public distressed efforts. Carroll most recently worked with hedge fund Smith Cove Capital, where he was responsible for all trading activity. Before that, he spent 10 years at

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On March 27, President Trump signed a memorandum issuing “overdue reform of the housing finance system” and calling for an end of the conservatorship of Fannie Mae and Freddie Mac. The move was announced during the second day of Senate Banking Committee hearings on GSE reform. According to the president’s directive, the Department of Housing and Urban Development and the Treasury Department will be tasked with drafting proposals for reform,