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53 Percent of Residential Real Estate Investors Expect Business Growth in 2024

Retrieved on: 
Wednesday, December 13, 2023

DALLAS, Dec. 13, 2023 /PRNewswire/ -- New Western, the largest national private real estate investment marketplace, today released a study on single family real estate investor sentiment and first-time home buyers' perception of the housing market. Notably, 53 percent of residential real estate investors expect business growth in 2024, while 55 percent of consumers feel that local investors can help solve the housing shortage.

Key Points: 
  • Notably, 53 percent of residential real estate investors expect business growth in 2024, while 55 percent of consumers feel that local investors can help solve the housing shortage.
  • Further, location/neighborhood consistently remains the most important factor for investors' buyers outperforming interior design, outdoor space and home square footage.
  • "Investors are fueled by the opportunity to capitalize while delivering much needed residential properties back to the market."
  • "2024 will bring prosperity in looking towards residential and student housing alongside renovation strategies and new builds from existing HUD and FHA renewals.

Sherman Bridge Launches Lending Marketplace, Connecting Real Estate Investors with Vetted Lenders for Private Financing

Retrieved on: 
Wednesday, November 1, 2023

DALLAS, Nov. 1, 2023 /PRNewswire/ -- Sherman Bridge, a private money lender for investors purchasing distressed single-family residential real estate, has launched a new, first of its kind online marketplace to efficiently connect lenders with investors. The marketplace will help investors streamline the financing process, connecting them with 15 different proven and vetted lenders who offer competitive loan options in a matter of minutes. The marketplace first launched in all major cities in North Carolina, as well as Philadelphia, Tampa, St. Petersburg, Fla., and Greenville, S.C. with operations now in over 40 markets across the U.S.

Key Points: 
  • DALLAS, Nov. 1, 2023 /PRNewswire/ -- Sherman Bridge , a private money lender for investors purchasing distressed single-family residential real estate, has launched a new, first of its kind online marketplace to efficiently connect lenders with investors.
  • The marketplace will help investors streamline the financing process, connecting them with 15 different proven and vetted lenders who offer competitive loan options in a matter of minutes.
  • Sherman Bridge is a partner and lending marketplace for investors, and is affiliated with New Western , the largest national private source of residential investment properties.
  • With Sherman Bridge, New Western investors can experience a seamless process from purchasing to financing to closing on a property.

Fortune and Great Place To Work Name New Western to 2023 Best Workplaces in Real Estate™, Ranking No. 23

Retrieved on: 
Thursday, September 14, 2023

The Best Workplaces in Real Estate award is based on analysis of survey responses from over 27,000 employees from Great Place To Work Certified™ companies in the real estate industry.

Key Points: 
  • The Best Workplaces in Real Estate award is based on analysis of survey responses from over 27,000 employees from Great Place To Work Certified™ companies in the real estate industry.
  • "Congratulations to the Best Workplaces in Real Estate," says Michael C. Bush, CEO of Great Place To Work.
  • "Fortune congratulates the Best Workplaces in Real Estate," says Fortune Editor-in-Chief Alyson Shontell.
  • "Creating a vibrant workplace culture that draws the best talent in real estate is vital for the success of the leaders in this highly competitive industry."

New Western Ranks in Inc. 5000 for Fourth Year in a Row

Retrieved on: 
Tuesday, August 15, 2023

DALLAS, Aug. 15, 2023 /PRNewswire/ -- Inc. revealed today that New Western, the largest national private source of fix-and-flip residential investment properties, ranks No. 4,196 on the 2023 Inc. 5000, its annual list of the fastest-growing private companies in America. The prestigious ranking provides a data-driven look at the most successful companies within the economy's most dynamic segment—its independent, entrepreneurial businesses. Facebook, Chobani, Under Armour, Microsoft, Patagonia, and many other household name brands gained their first national exposure as honorees on the Inc. 5000.

Key Points: 
  • 4,196 on the 2023 Inc. 5000, its annual list of the fastest-growing private companies in America.
  • Facebook, Chobani, Under Armour, Microsoft, Patagonia, and many other household name brands gained their first national exposure as honorees on the Inc. 5000.
  • "This Inc. 5000 honor shows just how much potential and opportunities there are for local independent real estate investors.
  • In all, this year's Inc. 5000 companies have added 1,187,266 jobs to the economy over the past three years.

No End in Sight for the Housing Shortage, New Western Investor Survey Finds

Retrieved on: 
Wednesday, June 28, 2023

DALLAS, June 28, 2023 /PRNewswire/ -- New Western, the largest national private real estate investment marketplace, today released a survey and report on single family real estate investor sentiment in the United States and the company's top growing markets right now. Approximately 60 percent of survey respondents believe the U.S. is in a housing shortage. As a result, 80 percent of the surveyed investors are selling homes at or above asking price after renovating the properties to make them habitable.

Key Points: 
  • As New Western investor activity grew across these markets, the retail market saw a decrease of 40 percent or more according to Redfin data, showcasing how investors are bullish on finding opportunities despite negative market sentiment.
  • Approximately 55 percent of survey respondents said location/neighborhood is most important to their buyers.
  • As consumers look to find more housing options, investors are delivering much needed supply back to the market.
  • "Investor sentiment is positive right now as they haven't let the macroeconomic environment slow them down," said Kurt Carlton, co-founder and president of New Western.

Fortune Media and Great Place To Work Name New Western to 2023 Fortune Best Workplaces in Texas

Retrieved on: 
Tuesday, June 13, 2023

DALLAS, June 13, 2023 /PRNewswire/ -- Great Place To Work and Fortune magazine have honored New Western as one of this year's Best Workplaces in Texas.

Key Points: 
  • DALLAS, June 13, 2023 /PRNewswire/ -- Great Place To Work and Fortune magazine have honored New Western as one of this year's Best Workplaces in Texas.
  • To determine the Fortune Best Workplaces in Texas™ List, Great Place To Work surveyed more than 100,000 employees at eligible companies.
  • "Congratulations to the Best Workplaces in Texas," says Michael C. Bush, CEO of Great Place To Work.
  • In 2022, New Western also ranked #41 on the list of Best Workplaces in Texas™ (Small and Medium), as well as #29 on the list for Best Workplaces in Real Estate.

Real Estate Investors Find Growth Opportunities in a Contracting Market

Retrieved on: 
Thursday, April 27, 2023

DALLAS, April 27, 2023 /PRNewswire/ -- New Western, the largest national private real estate investment marketplace, today announced its continued momentum from 2022 into Q1 2023, including a double digit surge in growth over the last quarter. Powered by New Western, local independent investors found opportunities in the midst of a tumultuous housing market.

Key Points: 
  • Other notable markets that grew from both Q4 2022 to Q1 2023 and Q1 2022 to Q1 2023 include Houston, Chicago and Dallas, Texas.
  • "Our non-traditional approach to residential real estate investing allows us to roll with the same punches that have knocked out bigger players," says Kurt Carlton, co-founder and president of New Western.
  • The Midwest and West are attractive growth markets and we're excited to see this momentum continue throughout the year. "
  • This has compounded on New Western's 2022 growth when it launched 15 new offices, and hired 60 additional people per month, leading to a 64 percent growth in corporate employee hires.

BrillDog Founder Named SDCE Provider Pros to Know

Retrieved on: 
Wednesday, March 22, 2023

NEW FREEDOM, Pa., March 22, 2023 (GLOBE NEWSWIRE) -- BrillDog , the only supply chain technology built for small-to-medium-sized businesses (SMB), announces that CEO and Founder, Sam Polakoff, has been selected as a Supply & Demand Chain Executive (SDCE) 2023 Pros to Know winner.

Key Points: 
  • NEW FREEDOM, Pa., March 22, 2023 (GLOBE NEWSWIRE) -- BrillDog , the only supply chain technology built for small-to-medium-sized businesses (SMB), announces that CEO and Founder, Sam Polakoff, has been selected as a Supply & Demand Chain Executive (SDCE) 2023 Pros to Know winner.
  • The annual Pros to Know award recognizes outstanding executives whose accomplishments offer a roadmap for other leaders looking to leverage supply chain for competitive advantage.
  • “I am so excited about being named a Provider Pros to Know and for the recognition for BrillDog,” says Sam Polakoff, CEO and Founder, BrillDog.
  • The BrillDog solution will empower SMBs to control their supply chain operations better and move them forward in this volatile and complex market."

New Western Announces Entrance into Virginia Beach Real Estate Market

Retrieved on: 
Wednesday, February 8, 2023

VIRGINIA BEACH, Va., Feb. 8, 2023 /PRNewswire/ -- New Western, the largest national private source of fix-and-flip residential investment properties, announced today the opening of its first Virginia office and 52nd local market, in Virginia Beach.

Key Points: 
  • VIRGINIA BEACH, Va., Feb. 8, 2023 /PRNewswire/ -- New Western , the largest national private source of fix-and-flip residential investment properties, announced today the opening of its first Virginia office and 52nd local market, in Virginia Beach.
  • "Virginia Beach is an exciting market for us to enter as it begins to turn to favor rentals over buying," said Kurt Carlton, co-founder and president of New Western.
  • Thanks to its diverse population, proximity to a U.S. military base and beautiful beach, Virginia Beach has a fairly competitive market.
  • In January, New Western shared insights on the residential real estate investment market in a report called, The Flip Side .

As iBuyers Exit the Market, New Western Expands Footprint with New Office Opening in St. Louis

Retrieved on: 
Tuesday, January 24, 2023

ST. LOUIS, Jan. 24, 2023 /PRNewswire/ -- New Western, the largest national private source of fix-and-flip residential investment properties, announced today the opening of its third Missouri office, in St. Louis. This is the company's 51st office overall, across 18 states.

Key Points: 
  • ST. LOUIS, Jan. 24, 2023 /PRNewswire/ -- New Western , the largest national private source of fix-and-flip residential investment properties, announced today the opening of its third Missouri office, in St. Louis.
  • "Our team has been looking to solidify our presence in Missouri since the launch of our Kansas City Office," said Kurt Carlton, co-founder and president of New Western.
  • In his role, Murphy is responsible for building the St. Louis team and office, from the ground up.
  • St. Louis is the 51st office opening for the real estate marketplace offering exclusive opportunities to investors looking to rehab houses.