Dormitory

Celebrating Growth and Innovation on Leap Day 2024, Leap now is partnered with over 3M homes in the US and the UK

Retrieved on: 
Thursday, February 29, 2024

JERSEY CITY, N.J., Feb. 29, 2024 /PRNewswire-PRWeb/ -- Leap Insurance Agency, the leading provider of innovative occupancy and risk management solutions for the rental housing market, is celebrating its remarkable journey of growth and innovation on Leap Day. Since its inception in 2018, Leap has experienced an extraordinary evolution, expanding its suite of services and solidifying its status as a trusted partner for landlords, property managers, and renters nationwide. Leap will insure more than 80,000 residential leases in 2024, a testament to its innovative approach to embedded insurance products. With partnerships extending to over 3 million units in the US and UK, Leap's footprint in the rental housing market is both expansive and influential.

Key Points: 
  • JERSEY CITY, N.J., Feb. 29, 2024 /PRNewswire-PRWeb/ -- Leap Insurance Agency, the leading provider of innovative occupancy and risk management solutions for the rental housing market, is celebrating its remarkable journey of growth and innovation on Leap Day.
  • Leap will insure more than 80,000 residential leases in 2024, a testament to its innovative approach to embedded insurance products.
  • Leap will insure more than 80,000 residents in 2024, a testament to its innovative approach to embedded insurance products.
  • "Our success is a testament to our team's hard work and innovation, and the trust our landlord partners place in us."

Greystone Gains Volume and Market Share in Fannie Mae, Freddie Mac Multifamily Lending in 2023

Retrieved on: 
Tuesday, January 30, 2024

NEW YORK, Jan. 30, 2024 (GLOBE NEWSWIRE) -- Greystone, a leading national commercial real estate finance company, announced it gained both volume and market share in the Agency lending sector during 2023, achieving an overall #4 ranking for both Fannie Mae Delegated Underwriting and Servicing (DUS®) loans and Freddie Mac Optigo® loans with $7.7 billion in total volume. Individually, Greystone ranked #3 as an overall Fannie Mae lender in 2023, and #6 for Freddie Mac lenders. Despite the market experiencing lower commercial loan volume overall in 2023, Greystone increased its combined Agency loan volume by 14% year-over-year. The rankings are based on recently-released public data on 2023 lending volume from Fannie Mae and Freddie Mac.

Key Points: 
  • Individually, Greystone ranked #3 as an overall Fannie Mae lender in 2023, and #6 for Freddie Mac lenders.
  • Despite the market experiencing lower commercial loan volume overall in 2023, Greystone increased its combined Agency loan volume by 14% year-over-year.
  • The rankings are based on recently-released public data on 2023 lending volume from Fannie Mae and Freddie Mac .
  • Through its work with Freddie Mac, Greystone ranked #2 overall for lending volume dedicated to Affordable Housing, as well as #2 overall for Freddie Mac’s Small Balance Loan program.

Fannie Mae Multifamily Closes 2023 With More than $52 Billion in Volume

Retrieved on: 
Thursday, January 25, 2024

WASHINGTON, Jan. 25, 2024 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) provided more than $52 billion in financing to support the multifamily market in 2023, the company announced today. Fannie Mae has expanded access to affordable housing for those who need it most through its Delegated Underwriting and Servicing (DUS®) platform, in addition to committing approximately $4 billion in net equity to Low-Income Housing Tax Credit investments since re-entering the space in 2018.

Key Points: 
  • "We are extremely proud of what we and our DUS lenders accomplished in 2023, and we continue to see our work have a positive impact in communities across the country," said Michele Evans, Executive Vice President and Head of Multifamily, Fannie Mae.
  • Fannie Mae provided significant liquidity across key housing segments in 2023, including $8.5 billion in Structured Transactions, $7.5 billion in Green Financing, and $6.6 billion in Multifamily Affordable Housing.
  • The company also saw a 29% year-over-year gain in its Manufactured Housing Communities loan production, up from $2.7 billion in 2022 to $3.5 billion in 2023.
  • Also listed below are the Top Lender rankings for highest volumes in 2023 for Multifamily Affordable Housing, Structured Transactions, Green Financing, Small Loans, Manufactured Housing Communities, Seniors Housing, and Student Housing.

Upstreman’s Customer-Centric Black Friday Extravaganza - Mini Fridges for Every Space

Retrieved on: 
Monday, November 13, 2023

Key Points: 
  • View the full release here: https://www.businesswire.com/news/home/20231113365590/en/
    Upstreman’s Customer-Centric Black Friday Extravaganza - Mini Fridges for Every Space (Graphic: Business Wire)
    - Upstreman BR321 3.2 Cu.ft Mini Fridge (Single Door) - The Dorm Essential: Remember your cramped college dorm room when you wished for a chilled drink without walking down the hallway in the middle of the night?
  • - Upstreman FR17 1.7 Cu.ft Mini Fridge (Single Door) - A Quiet Office Companion: Envision your serene office space, where a mini fridge can make all the difference.
  • With capacities rivaling a grocery bag, adjustable temperature settings, and whisper-quiet operation, these fridges transform your dorm rooms, office spaces, and cozy apartments.
  • Don’t miss the chance to make your daily life more efficient and enjoyable with Upstreman’s mini fridges during this exciting Black Friday season with unprecedented discounts of up to 43%!

E-commerce Pioneer Roy Rubin of Magento Talks Success and Strategy on DCKAP's Driven Podcast

Retrieved on: 
Thursday, November 16, 2023

AUSTIN, Texas, Nov. 16, 2023 /PRNewswire/ -- On DCKAP's Driven podcast, Roy Rubin, Co-Founder and former CEO of Magento and founding partner of R-Squared Ventures, shared his insights on founding Magento, running a venture capital firm, and lessons he's learned as an entrepreneur. Magento, now operating as Adobe Commerce, has had of hundreds of thousands of online stores in the created on the e-commerce platform.

Key Points: 
  • Magento, now operating as Adobe Commerce, has had of hundreds of thousands of online stores in the created on the e-commerce platform.
  • Magento later became an independent company by owner Permira private equity fund and then was acquired by Adobe for $1.68 billion.
  • A recurring theme in Rubin's career from his years at Magento and today at R-Squared Ventures is getting out of the way.
  • At both Magento and R-Squared Ventures, Rubin hires great talent, then empowers these strong leaders to create opportunities.

EY Announces Swapnil Agarwal of Nitya Capital as an Entrepreneur Of The Year® 2023 National Finalist

Retrieved on: 
Wednesday, November 15, 2023

HOUSTON, Nov. 15, 2023 /PRNewswire/ -- Ernst & Young LLP (EY US) announced Swapnil Agarwal, founder and CEO of Nitya Capital, as the national finalist for 2023 Entrepreneur Of The Year®.

Key Points: 
  • HOUSTON, Nov. 15, 2023 /PRNewswire/ -- Ernst & Young LLP (EY US) announced Swapnil Agarwal, founder and CEO of Nitya Capital, as the national finalist for 2023 Entrepreneur Of The Year®.
  • Now in its 37th year, it is celebrated as one of the most respected business award programs in the world.
  • Swapnil Agarwal was selected by a panel of independent judges made up of entrepreneurs and other notable business leaders from across the US.
  • "I'm deeply honored to be among the 49 National finalists for Entrepreneur Of The Year®.

Latitude 33 Planning & Engineering and Development Team Receive National DBIA Award for UC San Diego's Nuevo East Graduate Student Housing

Retrieved on: 
Tuesday, November 14, 2023

SAN DIEGO, Nov. 14, 2023 /PRNewswire/ -- Latitude 33 Planning & Engineering joins the University of California, San Diego and other project partners in celebrating UC San Diego Nuevo East Graduate Student Housing's national recognition by the Design-Build Institute of America (DBIA). The organization named Nuevo East a winner of a National Award of Merit in the Educational Facilities category. Recipients were honored at DBIA's annual Awards Dinner on November 2, 2023, at the Design-Build Conference & Expo in National Harbor, MD. This award is the latest in a series of National DBIA awards for Latitude 33, demonstrating the firm's excellent outcomes as part of a design-build team.

Key Points: 
  • SAN DIEGO, Nov. 14, 2023 /PRNewswire/ -- Latitude 33 Planning & Engineering joins the University of California, San Diego and other project partners in celebrating UC San Diego Nuevo East Graduate Student Housing's national recognition by the Design-Build Institute of America (DBIA).
  • The $220 million mixed-use UC San Diego Nuevo East Graduate Student Housing community consists of 712,000 total square feet which house 1,374 students.
  • In 2021, UC San Diego Nuevo West Graduate Student Housing earned a National DBIA Best of Award for Best Use of BIM/VDC.
  • In 2019, UC San Diego Mesa Nueva Graduate and Professional Student Housing earned a National DBIA Best of Award for Best in Teaming.

Preston Hollow Community Capital Completes $51.65 Million Bond Purchase for AMDA College of the Performing Arts

Retrieved on: 
Tuesday, November 7, 2023

Preston Hollow Community Capital (“PHCC”) completed the purchase of $51.65 million in tax-exempt and taxable revenue bonds issued through the California Municipal Finance Authority (“CMFA”) and the Dormitory Authority of the State of New York (“DASNY”) on behalf of AMDA College of the Performing Arts (“AMDA”).

Key Points: 
  • Preston Hollow Community Capital (“PHCC”) completed the purchase of $51.65 million in tax-exempt and taxable revenue bonds issued through the California Municipal Finance Authority (“CMFA”) and the Dormitory Authority of the State of New York (“DASNY”) on behalf of AMDA College of the Performing Arts (“AMDA”).
  • The financing, originated by PHCC, was comprised of $91.65 million of bonds -- $31.085 million of tax-exempt bonds plus $4.585 million of taxable bonds through CMFA, and $55.98 million of tax-exempt bonds through DASNY.
  • Proceeds from the issuance will be used to refinance existing bank debt and fund capital improvements at the New York City and Los Angeles campuses.
  • Nixon Peabody LLP served as underwriter’s Counsel and Locke Lord LLP acted as counsel to AMDA.

MCOMS celebrates 4 years of partnership with Allbridge

Retrieved on: 
Wednesday, June 28, 2023

RALEIGH, N.C., June 28, 2023 /PRNewswire-PRWeb/ -- Throughout this journey, MCOMS has been proud to offer our cutting-edge B2B product suite, including HOTstream B2B Mosaic, Lite, and Standalone Casting, enabling Allbridge to deliver exceptional guest experiences across the United States. We are thrilled to commemorate four years of collaboration between MCOMS and Allbridge, as we reflect on the numerous successful projects that have shaped our B2B partnership, transforming the way guests interact with in-room entertainment and technology.

Key Points: 
  • MCOMS, a leading guest-facing solutions provider for the Hospitality industry, is celebrating 4 years of partnership with Allbridge, a leader in property technology solutions for Hospitality, Multifamily, Senior Living and Student Housing in the United States.
  • We are thrilled to commemorate four years of collaboration between MCOMS and Allbridge , as we reflect on the numerous successful projects that have shaped our B2B partnership, transforming the way guests interact with in-room entertainment and technology.
  • Our partnership has not only delivered exceptional results to more than 60 properties but also opened doors to innovation and limitless possibilities within the hospitality industry.
  • "We look forward to continuing to serve our customers with the highest level of quality and innovation, and we are excited to expand our reach with our partnership with MCOMS."

Pear VC Closes an Oversubscribed $432 Million Seed Fund

Retrieved on: 
Tuesday, May 30, 2023

Today, Pear VC (“Pear”) has announced that it closed its 4th fund, closing at $432 million.

Key Points: 
  • Today, Pear VC (“Pear”) has announced that it closed its 4th fund, closing at $432 million.
  • According to Prequin Ltd., Q4 2022 VC fundraising was down 65% from the previous year.1 This fundraising by Pear is one of the largest seed funds raised in recent years by a non-multistage fund, marking a bright spot in an otherwise choppy VC environment.
  • Pear’s Fund I is a top 5th percentile performing fund, in terms of net DPI.2 Pear was started by Pejman Nozad and Mar Hershenson in 2013.
  • With Fund IV, Pear looks to increase the size and scale of the Female Founders Circle program.