June announces EBITDA Profitability at USD 54Mln Revenue Scale
June, a proptech company improving the rental experience for both tenants and landlords, yesterday announced that it is among the first venture-backed real estate operators to achieve EBITDA profitability. The company became profitable with annualized revenues surpassing $54 million while sustaining an impressive growth rate of more than 60% year-over-year. The company also announced that […]
SOLD.com enters into a partnership with Tongo
SOLD.com, the leading online real estate marketplace and educational resource provider and Tongo, an agile, access-to-cash platform are partnering to deliver SOLD.com’s partner real estate agents market leading services. SOLD.com is integrating Tongo into its agent experience, empowering agents to access their commissions earlier. Agents no longer need to wait for their pending transactions to […]
Rent Butter secures USD 3Mln in seed funding
Rent Butter, the first advanced tenant screening solution designed specifically for workforce and affordable housing, yesterday announced the completion of its seed financing round. The $3-million round was led by RET Ventures (‘RET’), an industry-backed venture fund focused on single and multi-family real estate technology. RET’s investment comes from the RET Ventures ESG Fund (the […]
CAF Capital Partners adds Jason Geer as SVP of acquisitions
CAF Capital Partners, a Dallas-based private equity real estate firm, announced the addition of Jason Geer as Senior Vice President of Acquisitions. Prior to joining CAF Capital Partners, Geer spent more than 25 years with Invesco Real Estate. CAF Capital Partners is a Dallas-based private equity real estate firm, specializing in the acquisition, redevelopment, re-positioning […]
Allen Matkins announces the addition of Peter R. Fischer as a partner
Allen Matkins announced yesterday the addition of corporate and real estate partner Peter R. Fischer to its Century City office. Peter’s practice focuses on mid-market M&A matters, stock and asset transactions, fund formation, syndication, joint ventures, and private placements. Peter represents a broad range of companies, funds, investors, and entrepreneurs. Peter also counsels his clients on crisis management, […]
AWC and Ant Group Partner to Enable Seamless Cross-border Payments
Asset World Corp Public Company Limited or AWC, Thailand’s leading integrated lifestyle real estate group, and Ant Group, a global digital technology provider, have signed a memorandum of understanding (MoU) to launch various cross-border payment and digital financial solutions catered to the needs of AWC’s different businesses across hospitality, retail, wholesale and commercial, benefitting consumers, […]
Walker & Dunlop finances USD150 Mln for Quantum at Flagler Village
Walker & Dunlop, Inc. announced yesterday that it arranged $150 million in financing for Quantum at Flagler Village, a unique class A mixed-use property located in Fort Lauderdale, Florida. The Walker & Dunlop Capital Markets team, managed by Joe Hercenberg, arranged the financing for the mixed-use property, securing a refinancing of the construction loan on the newly […]
Jeffrey Davis Joins Eastdil Secured as Managing Director
Eastdil Secured, L.L.C., the global real estate investment bank, yesterday announced that Jeffrey Davis will be joining Eastdil Secured as Managing Director. In this role, Mr. Davis will be part of the leadership of the firm’s global hospitality group, where he will be responsible for supporting clients and growing the firm’s hospitality business with a […]
Ares Management Corporation enters into agreement to acquire Crescent Point Capital
Ares Management Corporation announced yesterday that Ares has entered into a definitive agreement to acquire 100% of Crescent Point Capital, a leading Asia-focused private equity firm with approximately $3.8 billion of assets under management, as of March 31, 2023. Founded in 2003, CPC has approximately 50 professionals. The team is headquartered in Singapore and has […]
GigNet appoints Luis de Potestad to Vice President –public affairs and special projects
GigNet, a Digital Transformation company that provides high-speed broadband and advanced value-added services to enterprise clients and residential communities based on its extensive fiber-optic network from Cancun to Tulum, announced recently that Mr. Luis de Potestad has been promoted to Vice President – Public Affairs and Special Projects, and in that capacity will serve as […]
