Inside the Top Apartment Trends of 2020

Forcing The Conversation: Why This Expert Says CRE Needs To Keep A Sharper Eye On The Future

As the pace of transformation throughout the economy accelerates, real estate professionals can’t escape kaleidoscopic changes. Geoffrey Kasselman, the newly hired partner and senior vice president, workplace strategy, at CRG, the real estate development arm of Clayco, said it is time to prepare for the coming earthquakes, even if they are difficult to predict. “I’m not an alarmist, but everything is being remade on a global scale by a number of disruptive technologies that are robust and conver…

Conductor execs buy their company back from WeWork

It’s been less than two years since WeWork announced the acquisition of SEO and content marketing company Conductor — but those two years have been bumpy, to say the least. Briefly: Parent organization The We Company’s disastrous attempt to go public resulted in the ouster of CEO Adam Neumann, an indefinite delay of its IPO and reports that the company was weighing the sale of subsidiaries Meetup, Managed by Q and Conductor. So it’s no surprise that Conductor is, in fact, being sold — not to ano…

Second Century Ventures Announces First REACH Australia Class

Second Century Ventures, the strategic investment arm of the National Association of REALTORS®, has announced its inaugural REACH Australia cohort. REACH is a technology growth accelerator program designed to launch and propel companies into the real estate industry. Second Century Ventures announced the global expansion of its award-winning REACH accelerator in July of 2019 to further support the international real estate sector. REACH Australia is the first region opened outside of the United …

Zippin Raises $12M in Series A Financing

Zippin, a San Francisco, CA-based startup enabling cashierless checkout for brick and mortar retail, closed a $12m in Series A funding. The round, which brought total funding to $15m, was led by Evolv Ventures, with participation from SAP.iO, Scrum Ventures, major Latin American distributor Arca Continental, and Nomura Research Institute and NTT DOCOMO Ventures from Japan and existing investors Maven Ventures, Core Ventures Group, Pear Ventures and Montage Ventures. The company intends to use th…

Hometap Raises $100M in Funding

Hometap, a Boston, MA-based provider of a smart, new loan alternative for tapping into home equity without taking on debt, secured $100m in new financing. Backers included Iconiq Capital, and current investors General Catalyst, G20, Pillar and American Family Ventures, the venture arm of AmFam Insurance. The company intends to use the funds to continue its nationwide expansion, and grow its cross-functional team. Led by Jeffrey Glass, CEO, Hometap enables homeowners to access a percentage of the…

How One Company Used AI to Buy a $57M Apartment

As one of Atlanta’s most affluent submarkets, Roswell can be a good choice for apartment investors. Atlanta itself is the 10th largest metro economy in the US and Roswell boasts a steady population growth, a lower unemployment rate and higher median income per capita when compared to the US average. But such fundamentals were not enough for one investor as it weighed whether to buy a 396-unit, garden style apartment complex there. So this Atlanta-based company partnered with Skyline AI to make u…

Managed by Q founder is battling in bidding war for his company

Eight months after selling his office-services firm to WeWork for $220 million, Dan Teran is raising money to buy Managed by Q back at a fraction of the price. But another interested bidder is threatening his successful takeover. Eden, a San Francisco-based startup and one of Managed by Q’s biggest competitors, has bid on the sale of the company, people familiar with the matter told The Real Deal. According to those involved, Teran and Eden both put in bids to WeWork two months ago, but talks ha…

RealPage Buys Investor Management Services

RealPage, Inc. (NASDAQ:RP), a Richardson, Texas-based global provider of software and data analytics to the real estate industry, acquired Investor Management Services, a provider of an Investor Relationship Management (IRM) platform.  The amount of the deal was not disclosed. The combination of IMS with the RealPage AIM platform will service nearly 600 general partners supporting nearly 90,000 limited partners. Upon completion of the acquisition, RealPage plans to incorporate IMS into AIM and m…

Goldman Sachs Agrees To $1.75B WeWork Credit Line For SoftBank

Investment banking titan Goldman Sachs has agreed to arrange a $1.75B line of credit for WeWork, Bloomberg reports. SoftBank is listed as the primary borrower in the deal, reportedly so that Goldman can sell the loan to potential partners as a safer bet. WeWork is named as a co-borrower. The credit would replace $1.1B worth of previous loans, one of which had terms onerous enough to place WeWork at risk of running out of money before SoftBank stepped in with a $9.5B bailout package in November t…