Property technology

Roc360 Announces the Closing of its Inaugural Residential Bridge Loan Securitization 

Wednesday, October 20, 2021 - 5:16pm

Roc Capital Holdings LLC (Roc360) a vertically integrated digital platform for residential real estate and a leading originator of investor loans nationwide, is pleased to announce the closing of its inaugural syndicated revolving securitization of residential transitional loans.

Key Points: 
  • Roc Capital Holdings LLC (Roc360) a vertically integrated digital platform for residential real estate and a leading originator of investor loans nationwide, is pleased to announce the closing of its inaugural syndicated revolving securitization of residential transitional loans.
  • The Roc Mortgage Trust-2021-RTL1 securitization was structured with total offered notes of approximately $200.790 million across two classes of senior notes and one class of mezzanine notes.
  • This is the first securitization from Roc360, a data science driven PropTech lender headed by founder and Chief Executive Officer Arvind Raghunathan, PhD.
  • Roc360 is an industry leading, vertically-integrated digital financial services platform and lender facilitating a broad range of residential real estate loans for professional investors.

MRI Software Showcases Latest AI-powered PropTech at Ascend Users Conference

Wednesday, October 20, 2021 - 2:00pm

SOLON, Ohio, Oct. 20, 2021 /PRNewswire/ -- MRI Software , a global leader in real estate solutions, unveiledits latest artificial intelligence (AI)-powered PropTech products, its comprehensive workplace management offering and other innovative technologies at MRI Ascend, its North American users conference, held in Cleveland on October 17-20.

Key Points: 
  • SOLON, Ohio, Oct. 20, 2021 /PRNewswire/ -- MRI Software , a global leader in real estate solutions, unveiledits latest artificial intelligence (AI)-powered PropTech products, its comprehensive workplace management offering and other innovative technologies at MRI Ascend, its North American users conference, held in Cleveland on October 17-20.
  • Among the AI advancements revealed at Ascend was a preview of MRI Intelligent Insurance, scheduled for release later in Q4.
  • MRI Software is a leading provider of real estate software solutions that transform the way communities live, work and play.
  • MRI has been a trailblazer in the PropTech industry for over five decades, serving more than two million users worldwide.

Fairstead Announces New $500 Million Equity Commitment To Help Expand The Nation's Housing Stock For Families Most In Need

Wednesday, October 20, 2021 - 1:00pm

"The lack of quality housing is one of the most important issues facing our nation today," said Fairstead CEO Jeff Goldberg.

Key Points: 
  • "The lack of quality housing is one of the most important issues facing our nation today," said Fairstead CEO Jeff Goldberg.
  • "Those of us at the forefront of this crisis recognize that expanding capacity is only part of the solution.
  • Tricia will join Fairstead in November, where she will manage all of the firm's debt and equity relationships while helping outside capital partners direct their investments into Fairstead properties.
  • The firm also administers one of the industry's most proactive community impact programs to provide on-site support services to residents.

MRI Software Honors Real Estate Technology Leaders with 2021 RE:Visionary Awards

Tuesday, October 19, 2021 - 3:00pm

CLEVELAND, Oct. 19, 2021 /PRNewswire/ -- MRI Software ,a global leader in real estate software solutions, announced the recipients of the third annual RE:Visionary Awards at its MRI Ascend2021 North American users conference, held in Cleveland on October 17-20.

Key Points: 
  • CLEVELAND, Oct. 19, 2021 /PRNewswire/ -- MRI Software ,a global leader in real estate software solutions, announced the recipients of the third annual RE:Visionary Awards at its MRI Ascend2021 North American users conference, held in Cleveland on October 17-20.
  • The RE:Visionary Awards, formerly known as the MRI Innovation Awards, honor MRI clients and partners that have leveraged the company's open and connected software and extensive partner network to elevate their business and gain a competitive advantage.
  • MRI Software is a leading provider of real estate software solutions that transform the way communities live, work and play.
  • Through leading solutions and a rich partner ecosystem, MRI gives real estate companies the freedom to elevate their business and gain a competitive edge.

Brivo and MRI Software Partner to Improve Security and Enhance the Resident Experience

Tuesday, October 19, 2021 - 2:00pm

The combination of Brivo's multifamily proptech solutions and MRI Software will help property managers create modern resident experiences," said Steve Van Till, Brivo Founder and CEO.

Key Points: 
  • The combination of Brivo's multifamily proptech solutions and MRI Software will help property managers create modern resident experiences," said Steve Van Till, Brivo Founder and CEO.
  • "Brivo has a rapidly expanding ecosystem of integrated solutions and we're committed to driving value for our mutual customers through partnerships with industry leaders like MRI Software."
  • "We're excited to now offer Brivo's access control integration to enhance both facility management and the resident experience," notes Sean Slack, Vice President of Partnerships at MRI Software.
  • MRI Software is a leading provider of real estate software solutions that transform the way communities live, work and play.

PropertyGuru Appoints REA Group CEO Owen Wilson to Board of Directors as a Non-Independent Director

Tuesday, October 19, 2021 - 10:00am

PropertyGuru Group (PropertyGuru or the Group), Southeast Asias leading property technology (PropTech) company1, today announced that REA Group Ltd (ASX:REA) (REA) Chief Executive Officer Owen Wilson has joined its Board as a Non-Independent Director.

Key Points: 
  • PropertyGuru Group (PropertyGuru or the Group), Southeast Asias leading property technology (PropTech) company1, today announced that REA Group Ltd (ASX:REA) (REA) Chief Executive Officer Owen Wilson has joined its Board as a Non-Independent Director.
  • Owen Wilson, Chief Executive Officer, REA Group, said, In the competitive Southeast Asia PropTech market, PropertyGuru stands out as a leader and driver of transformation.
  • With Mr. Owens appointment, PropertyGurus Board of Directors expands to nine Directors:
    Hari V Krishnan (CEO & Managing Director, PropertyGuru), Executive Director
    Mr. Wilson has been CEO of REA Group since 2018.
  • Mr. Wilson joined REA Group from Chandler MacLeod Group Ltd where he was Chief Financial Officer and Company Secretary.

REZI Launched in Los Angeles, Signs Partnership with Bond Companies

Monday, October 18, 2021 - 3:48pm

Simultaneous with this expansion, REZI has signed its first deal with a new partner, Bond Companies, to lease vacancies at their Inspire Colton property in Los Angeles.

Key Points: 
  • Simultaneous with this expansion, REZI has signed its first deal with a new partner, Bond Companies, to lease vacancies at their Inspire Colton property in Los Angeles.
  • "REZI, while a new player in the LA market, quickly understood the quality of Inspire Colton and its highly sought-after location in Echo Park.
  • REZI came to us with a compelling offer to remove the normal time delays to secure quality residents," said Larry Bond, Co-Founder and Chairman of Bond Companies.
  • "We're excited to expand into the Los Angeles market and have experienced early success with our referral program," said Chris Kim, Head of Acquisitions at REZI.

Shifting paper contracts to digital: GA technologies iBuyer business RENOSY provides key contracts on app

Thursday, October 14, 2021 - 5:00pm

TOKYO, Oct. 14, 2021 /PRNewswire/ -- RENOSY, the comprehensive one-stop real estate transaction platform runs by GA technologies Co.,Ltd.

Key Points: 
  • TOKYO, Oct. 14, 2021 /PRNewswire/ -- RENOSY, the comprehensive one-stop real estate transaction platform runs by GA technologies Co.,Ltd.
  • By turning an average of 177 pages of paper documents needed per contract into electronic files, RENOSY saved about 480,000 pieces of paper annually.
  • OWNR by RENOSY is an App for smartphones and tablets targeted at customers who have purchased properties by using RENOSY service.
  • RENOSY is a comprehensive one-stop real estate platform provided by GA technologies under the concept of "making house hunting and assets management easier."

Dottid Integrates Dottid Leasing and Asset Management with ARGUS® Cloud Platform

Thursday, October 14, 2021 - 1:38pm

DALLAS, Oct. 14, 2021 /PRNewswire/ -- Dottid , the commercial real estate (CRE) SaaS technology platform for asset management and leasing transactions, announced its full integration of their Dottid and Altus Group Limited's ARGUS Cloud platforms.

Key Points: 
  • DALLAS, Oct. 14, 2021 /PRNewswire/ -- Dottid , the commercial real estate (CRE) SaaS technology platform for asset management and leasing transactions, announced its full integration of their Dottid and Altus Group Limited's ARGUS Cloud platforms.
  • The platform integration will provide cloud-enabled ARGUS Enterprise and Dottid customers with direct, real-time, and easy-to-access data that, until now, had to be maintained manually.
  • "Dottid and ARGUS Enterprise manage various connected processes within asset management, from valuation and acquisition to leasing and management," said Jorge Blanco, Chief Product Officer of Altus Group.
  • Dottid's unique, custom platform was introduced in January of 2020 after years of input from CRE leasing and asset management professionals.

Honely Announces Successful Closing of its Seed Round

Wednesday, October 13, 2021 - 12:32am

BOCA RATON, Fla., Oct. 12, 2021 /PRNewswire/ -- Honely, the Boca Raton PropTech company that is seeking to revolutionize the real estate investing process through AI/ML-powered predictive analytics, announced today that it successfully closed its seed funding round.

Key Points: 
  • BOCA RATON, Fla., Oct. 12, 2021 /PRNewswire/ -- Honely, the Boca Raton PropTech company that is seeking to revolutionize the real estate investing process through AI/ML-powered predictive analytics, announced today that it successfully closed its seed funding round.
  • The startup secured an investor who believed in their vision of delivering high-level, forward-looking insights on 150 million homes across all 50 states.
  • Honely saw this disconnect as an opportunity to refresh the space and deliver their solutions on an easy-to-use, affordable platform.
  • Honely elevates the research and decision-making processes by allowing you to quickly discover properties and areas positioned for growth.