Tuesday, September 18, 2018

Property Genius Harnesses Big Data to Help Investors Capitalize on Foreclosures


Jason Bryant

DENVER, CO -- Property Genius announces the launch of its proprietary, end-to-end research and marketing platform which harnesses big data to streamline the entire process of finding and investing in Off-market and Wholesale real estate.

 Built specifically with the real estate professional and investor in mind, Property Genius aims to solve a long-standing problem for the industry by organizing extensive amounts of assessor data from numerous sources into one convenient and customizable dashboard to improve investment opportunities.



The company’s initial launch utilizes property data in Colorado – with more states soon to follow – helping investors find, purchase, and reap the rewards on opportunistic properties including foreclosures, absentee owners, and otherdistressed properties.


Denver Map

“From pre-foreclosure through auction, our goal is straightforward: to simplify real estate investment research through easy access to reliable, accurate data that helps turn searches into profitable investments,” said Jason Bryant, CEO and
Co-Founder of Property Genius.


 “Property Genius saves investors and professionals time finding the right foreclosures and then provides a real estate specific CRM to pinpoint leads and implement targeted marketing campaigns.”

Denver Detail Page
Built on the industry-leading Amazon Web Services, Property Genius goes beyond the initial foreclosure filing data found on most other industry tools, tracking every foreclosure in real time through the entire process, ensuring
professionals don’t waste time on a property with a postponed or canceled sale.

Beyond the platform’s AI-driven search functionality, Property Genius allows agents and investors to manage searches through tagging and personalized document uploads, track leads, and execute marketing campaigns all within the easy-to-use CRM feature.

“Major real estate websites have primarily targeted and benefited retail consumers, all but ignoring the business needs of agents and investors,” said Brandon Bazemore, President and Co-Founder of Property Genius.



Brandon Bazemore

“Having experienced all of these frustrations ourselves, we created our entire
system to keep real estate professionals engaged with countless sellers and increase profits. There really hasn’t been a tool that combines all of these features and modern functionality in once place until now.”

Property Genius launches with access to extensive data on properties located in Colorado’s largest counties including Denver, El Paso, and Arapahoe, with Jefferson and Boulder coming online within weeks.


Property Genius’ highly scalable platform will enable the company to rapidly grow across Western states including Utah, Oregon, Idaho and Arizona, providing investors and their agents a widening pool of opportunities.

 All Property Genius subscriptions levels offer access to the entire growing database of states and counties, with no extra fees for additional locations. More information on subscription pricing is available at propertygenius.com/pricing.

Denver Parcel

Co-Founders Jason Bryant and Brandon Bazemore bring deep experience both in real estate and technology to the development of the Property Genius platform.


The duo previously created MyRealtyHub, a leading white-label foreclosure tool with more than 5,000 users and 100% market share of foreclosure auction brokers across the Pacific Northwest.

A real estate professional for more than 16 years, Bryant has worked directly with some of the nation’s largest hedge funds, overseen thousands of foreclosures, and personally turned over hundreds of distressed homes.

As Property Genius looks to scale widely across the U.S. with further investment, Bazemore brings a strong background of technology and entrepreneurial growth as CEO of Audian, a software company reinventing the telecom industry.
CONTACT:
Jaime Quick
ChangeUp Advisors
jq@changeupadvisors.com
206-229-5183

Travelers Hotel Group Starts Construction on new Comfort Inn & Suites Near Miami International Airport


Boaz Ashbel

MIAMI SPRINGS, FL  (Sept.18, 2018) – Travelers Hotel Group has started construction on a new 120-room Comfort Inn & Suites that will cater to leisure and business travelers seeking modern, affordable accommodations just minutes from Miami International Airport.

  The eight-story building, located at 665 Mokena Drive in Miami Springs, is expected to be completed sometime next summer. Aztec Group’s managing director, Boaz Ashbel, arranged a $15.2 million dollar construction loan.

“We’re delivering a fresh product to the limited-service market at the airport,” said Steven Marin, a principal of Travelers Hotel Group, which acquires, develops and manages hospitality properties in South Florida. “We feel this category is underserved as most of the new hotels here are select-service."

665 Mokena Drive, Miami Springs, FL
 Site of planned Comfort Inn & Suites
by Travelers Hotel Group

Michael Pfeffer, a company principal, said they are trying to keep pace with increasing demand from air travelers.   

“For the past seven years, Miami International Airport has broken its record for passenger growth,” said Pfeffer. “That translates to a need for new development in the area.  We see nothing but upside going forward.”  

 Travelers Hotel Group (THG) is a privately owned hotel acquisition, development and management company with roots dating back to the 1970s with the purchase and development of its first hotel in South Florida near Miami International Airport.  

For more information, please visit www.travelershotelgroup.com.

 CONTACT:

Todd Templin
Executive Vice President
BoardroomPR
O 954-370-8999
C 954-290-0810
Bank of America Plaza | 1776 N Pine Island Rd
Suite 320 | Fort Lauderdale, FL 33322

Voit Real Estate Services Directs Sale of Newly-Developed 154,451-SF San Bernardino, CA Industrial Building to Global Manufacturer



154,451-SF Industrial Warehouse Building, San Bernardino, CA

Frank Geraci

San Bernardino, CA (Sept. 18, 2018) – Voit Real Estate Services has successfully directed the sale of a newly developed 154,451 square-foot industrial warehouse building in San Bernardino, California for a total consideration of $18.23 million.
Frank Geraci, Juan Gutierrez and Adam Geiger of Voit’s Inland Empire office represented the seller, a partnership between Hartford, Connecticut-based Penwood Select Industrial Partners III, L.P., and Newport Beach, California-based Shaw Development Partners, LLC. 
 The buyer, a global consumer products company, plans to use the property for its own operational and distribution needs.

Juan Gutierrez
            “The development of this property was exceptionally well-timed in this highly competitive industrial market,” says Geraci, Executive Vice President at Voit. 
“With vacancy at a record low and little to no for-sale industrial inventory, Shaw and Penwood recognized the opportunity to develop a property on spec that would meet the needs of a wide variety of users.”
            Voit represented the Shaw/Penwood partnership in the 2015 acquisition of the property, which consisted of a vacant 197,000 square-foot industrial manufacturing building on 7.59 acres, together with an adjacent 7.12-acre parcel of vacant land on which the subject building was entitled and developed.
“The opportunity in that original acquisition was clear - secure a long-term lease for the existing building and elevate the vacant land to its highest and best use by bringing an in-demand product to market,” explains Geraci.

Adam Geiger
“As extremely sophisticated owners and operators, Shaw and Penwood developed the state-of-the-art asset from the ground-up, which offers the functionality and design that today’s buyers and tenants are seeking.”
            The newly developed property features 2,200 square feet of high-quality office space, an ESFR fire sprinkler system, a secured fully-concrete truck court, and ample electrical service of 1,200 amps.
“We were successful in generating tremendous buyer interest in the sale, ultimately securing a buyer that was capable of closing escrow in less than 60 days,” says Geraci.  “The speed of this transaction speaks to the deeper health of the local industrial market. As demand continues to outpace supply, we will continue to see rapid transaction velocity that will support ongoing growth in the market.”
The property is located at 2705 Lexington Avenue in San Bernardino, California.

CONTACTS:

Lisa James / Jenn Quader
Brower Group
(949) 955-7940

Capital Square 1031 Acquires Newly Constructed Class A Memory Care Facility Near Houston , TX


Village Green Alzheimer’s Care Home 
Spring, TX
HOUSTON, TX – Capital Square 1031, a leading real estate investment and management firm specializing in Delaware statutory trust offerings, announced its acquisition of a newly-constructed, 10,000-square-foot memory care facility located in the Houston suburb of Spring, Texas.

The Class A facility has 16 beds and was completed in June 2018. The property is leased for 15 years on an absolute net basis to Village Green Alzheimer’s Care Home with a personal guarantee from the owners of the practice for the entire term of the lease.

“This memory care facility was purchased in an all-cash transaction for a Delaware statutory trust offering, providing investors with the opportunity to own the real estate without any mortgage debt,” said Louis Rogers, founder and chief executive officer of Capital Square 1031.

Louis Rogers
 “Additionally, because Texas does not have an income tax, investors in the DST will not pay any state income taxes.”

Located at the intersection of Spring Cypress Road and Champion Forest Drive, Village Green Alzheimer’s Care Home includes 16 private suites, designed to create a home-like setting that promotes a higher quality of life. 

The property was constructed to provide greater security for residents and deliver specialized care, tailored to each resident, and permits residents to age in place.

Rogers added, “Village Green Alzheimer’s Care Home is well-located near several dense residential developments in Greater Houston, the fifth largest metropolitan area in the country.

"The property’s strong location coupled with the current growing demand for assisted living and memory care facilities in the country position it as an opportunity for capital appreciation and a valuable addition to our national real estate portfolio.”

Village Green Alzheimer’s Care Home specializes in the care of seniors who have Alzheimer’s, dementia and other memory impairments. The facility was constructed with secure exterior doorways, increased space for activities inside and outside the community, as well as a courtyard and independent areas.

Additional community amenities include security, a 24-hour staff, wheelchair accessible showers, swimming pool, hot tub and more.

Matt Bear
Houston is home to approximately 6.89 million residents and ranks as the 6th lowest cost of living among the twenty largest US metropolitan areas.

Capital Square was represented in its acquisition of the property by Matt Bear, founder and chief executive officer of Bear Real Estate Advisors.

Rogers said, “Capital Square would like to thank Matt and Bear Real Estate Advisors for sourcing another high-quality, newly-constructed medical property that closed in record time without any issues.”

CONTACT:

Julie Leber
Spotlight Marketing Communications
949.427.1391
julie@spotlightmarcom.com