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Exam Code: CA-Real-Estate Practice exam 2022 by Killexams.com team
CA-Real-Estate California Real Estate exam

Appropriate knowledge of the English language, including reading, writing, and spelling; and of arithmetical computations common to real estate and business opportunity practices.
An understanding of the principles of real estate and business opportunity conveyancing; the general purposes and general legal effect of agency contracts, deposit receipts, deeds, deeds of trust, chattel mortgages, bills of sale, mortgages, land contracts of sale, and leases; and of the principles of business, land economics and appraisals.
A general and fair understanding of the obligations between principal and agent; the principles of real estate and business opportunity transactions, and the code of business ethics pertaining thereto; as well as of the provisions of the law relating to real estate as administered by the Real Estate Commissioner.

- Classes of Property
- Property Characteristics
- Encumbrances
- Types of Ownership
- Descriptions of Property
- Government Rights in Land
- Public Controls
- Environmental Hazards and Regulations
- Private Controls
- Water Rights
- Special Categories of Land

- Law, Definition and Nature of Agency Relationships, Types of Agencies, and Agents
- Creation of Agency and Agency Agreements
- Responsibilities of Agent to Seller/Buyer as Principal
- Disclosure of Agency
- Disclosure of Acting as Principal or Other Interest
- Termination of Agency
- Commission and Fees
- Responsibilities of Agent to Non-Client Third Parties

- Value
- Methods of Estimating Value
- Financial Analysis

- General Concepts
- Types of Loans
- Sources of Financing
- Government Programs
- Mortgages/Deeds of Trust/Notes
- Financing/Credit Laws
- Loan Brokerage
- Types of Loan Originators

- Title Insurance
- Deeds
- Escrow
- Tax Aspects
- Special Processes
- Transfer through Court Supervision
- Types of Vesting

- Trust Account Management
- Fair Housing Laws
- Truth in Advertising
- Record Keeping Requirements
- Agency Supervision
- Permitted Activities of Unlicensed Sales Assistants
- DRE Jurisdiction and Disciplinary Actions
- Licensing, and Continuing Education Requirements and Procedures
- California Real Estate Recovery Fund
- General Ethics
- Technology
- Property Management
- Commercial/Industrial/Income Properties
- Specialty Areas
- Transfer Disclosure Statement
- Natural Hazard Disclosure Statements
- Disclosure of Material Facts Affecting Property Value
- Need for Inspection and Obtaining/Verifying Information
- Reports
- Servicing Diverse Populations

- General
- Listing Agreements
- Buyer Broker Agreements
- Offers/Purchase Contracts
- Agreements
- Promissory Notes/Securities
- Purchase/Lease Options
- Advanced Fee

California Real Estate exam
Real-Estate California learner
Killexams : Real-Estate California learner - BingNews https://killexams.com/pass4sure/exam-detail/CA-Real-Estate Search results Killexams : Real-Estate California learner - BingNews https://killexams.com/pass4sure/exam-detail/CA-Real-Estate https://killexams.com/exam_list/Real-Estate Killexams : The Best Ways to Learn About Real Estate

A professional writer with over 20 years of experience, Sally Hansley Odum has been published in print and online in more than 90 countries. Her work has appeared on a variety of websites. Odum also does copywriting for luxury hotels and resorts, which gives her inside knowledge of travel destinations throughout North America.

Tue, 31 May 2011 16:21:00 -0500 en text/html https://homeguides.sfgate.com/ways-learn-real-estate-1594.html
Killexams : California Realtor’s new purchase contract could upend buyer’s agent commission

On the heels of an ongoing antitrust probe by the Department of Justice into the sales practices of the National Association of Realtors, the California association is releasing next week an updated real estate purchase agreement that could upend how a homebuyer’s agent is paid their commission.

In difficult-to-understand verbiage, CAR’s new purchase agreement (called an RPA) includes language in its “Seller Payment to Buyer’s Broker” section that includes a checkbox indicating a “buyer has entered into a written agreement to compensate buyer’s broker.” It also includes language indicating a seller has agreed to pay the obligation … unless otherwise agreed.

It’s all new and something many in the industry, from sales agents to mortgage brokers, have never seen.

So why now?

The updated RPA is an effort at transparency in reaction to antitrust allegations from the U.S. Department of Justice, according to June Barlow, general counsel at the California Association of Realtors.

CAR’s updated RPA comes two years after a complaint filed in 2020 by the DoJ alleging that its mothership, the National Association of Realtors, put “illegal restraints” on competition amongst its members.

The complaint by DoJ, which was withdrawn in July 2021 so the agency could pursue further action, would have required NAR and its local associations:

— Modify its rules and provide greater transparency to homebuyers about the commissions of brokers representing homebuyers;

— Cease misrepresenting that buyer broker services are free;

— Eliminate rules that prohibit filtering multiple listing services based on the level of buyer broker commissions; and

— Change its rules and policy limiting access to lockboxes to only NAR-affiliated real estate brokers.

The new language in the RPA essentially opens the door to more choices as to how to split a home sale commission. It also opens the door to a buyer paying their broker’s commission.

Previously, the commission was typically split and paid by the seller. For example, 4% to the seller’s agent and 2% to the buyer’s. The homebuyer and seller were often not privy to what each was paid — unless they told their clients.

But in my experience, many Realtors would not even show properties to a prospective buyer when there was a low buyer’s-side commission, say 1% or 2%. Especially when other properties were available with a 2.5% or 3% commission to the buyer’s side.

Beyond the commission skirmish between agents, this change to the purchase agreement has the potential to ruin the opportunity for buyers to get on the road to homeownership as mortgage lenders do not allow real estate commissions to be financed into the mortgage. And, in practice, this has the potential to violate federal and state fair housing laws as it concerns Black and Hispanic homebuyers. More on these issues in a bit.

On top of the down payment and other closing costs, homebuyers face the real financial challenge of hiring their own buyers’ agent if the seller or their listing agent do not agree to pay the buyer’s agent at closing.

Yes, buyers can also go directly to the seller’s listing agent for each separate listing they’re interested in. There is an inherent conflict of interest though, as it would be impossible for a listing agent to do their best for both the seller and the buyer at the same time.

And yes, a homebuyer hiring and paying his or her own agent has always been an option, too, though seldom used.

“Use of the buyer-broker agreement is not widespread in California,” said Gov Hutchinson, vice president and assistant general counsel at the California Association of Realtors.

In practice, though the seller has always indirectly paid the buyer’s agent through sales proceeds at the close of escrow. In my 35 years of mortgage experience, I have never read an RPA where there was an addendum or verbiage added indicating the buyer was paying their own agent’s commission.

Previously, the common practice was the listing agent or brokerage shared a percentage of the commission with the buyer’s agent or brokerage. For example, say a seller is charged a 5% sales commission by their listing agent. The listing brokerage and the buyer’s brokerage each get 2.5% of the sales price at closing.

“That was a 75-year-old business practice,” said Bram Klein of Keller Williams Realty of the typical commission split. “Many of our first-time homebuyers struggle to put down just 3.5% to purchase a home in Orange County.

And if the commission shifts to the buyer?

“This just increases their financial burden and may postpone their purchase by months or years,” Klein said.

Full disclosure: Klein refers homebuyers to me at my mortgage brokerage.

Consider the bare minimum it takes for a first-time buyer to purchase a home for $400,000. Three percent down is $12,000. Let’s assume non-recurring and recurring (property taxes and homeowners’ insurance) costs come to $6,000. And say a buyer’s agent wants 2.5% for his or her effort (commissions are, in fact, negotiable).

If the home seller or the listing agent won’t pay the buyer’s side commission of $10,000, then the buyer must cough up $28,000 instead of $18,000. That’s 56% more money coming to the table.

Obviously, those added dollars (down payment, closing costs and commission) soar with higher home prices. Paying a buyer’s agent say 2% on an $800,000 home could cost the buyer $16,000.

Barlow, CAR’s attorney, maintains this updated RPA is not going to change much in terms of the sellers continuing to pay the buyers’ agent commission. “At least early on (it won’t change much),” she said.

“Requiring a buyer to pay the buyer’s agent commission out of pocket is going to create additional hurdles for low-income buyers,” said Anne P. Bellows, partner at law firm Goldstein, Borgen, Dardarian & Ho. “That, in turn, is likely to disproportionately hurt Black and Latino home seekers who, on average, are coming in with steeper affordability challenges.”

“Housing practices that have a disparate adverse impact on people of color may violate the federal Fair Housing Act and California’s Fair Employment and Housing Act,” said Bellows. “In some cases, defendants can avoid liability if the practice is necessary to achieve an important business purpose and there are no feasible alternatives that would have a less discriminatory effect.” 

“We are doing our best to see that doesn’t happen (disparate impact),” said Barlow. “That is out of our control.”

Next week I’ll look at lender allowable closing cost credits and CAR’s efforts to get the mortgage industry to finance agent commissions.

Freddie Mac rate news

The 30-year fixed rate averaged 6.33%, 16 basis points lower than last week. The 15-year fixed rate averaged 5.67%, nine basis points lower than last week.

The Mortgage Bankers Association reported a 1.9% mortgage application decrease from the previous week.

Bottom line: Assuming a borrower gets the average 30-year fixed rate on a conforming $726,200 loan, last year’s payment was $1,408 less than this week’s payment of $4,509.

What I see: Locally, well-qualified borrowers can get the following fixed-rate mortgages with 1 point: A 30-year FHA at 5.375%; a 15-year conventional at 5.125%; a 30-year conventional at 5.75%; a 15-year high balance conventional ($726,201 to $1,089,300) at 5.75; a 30-year high balance conventional at 6.125% and a jumbo 30-year purchase, fixed at 6.125%.

Note: The 30-year FHA conforming loan is limited to loans of $562,350 in the Inland Empire and $647,200 in LA and Orange counties.

Eye catcher loan program of the week: A 30-year jumbo purchase mortgage locked at 5.25% for the first five years with one point cost.

Jeff Lazerson is a mortgage broker. He can be reached at 949-334-2424 or jlazerson@mortgagegrader.com.

Thu, 08 Dec 2022 16:44:00 -0600 Jeff Lazerson en-US text/html https://www.presstelegram.com/2022/12/08/california-realtors-new-purchase-contract-could-upend-buyers-agent-commission/
Killexams : California man sentenced 9 years for $6 million real estate scam

A California man was sentenced to nine years in federal prison for his involvement in a $6 million real estate scam where houses were listed without homeowners' consent and money was collected from prospective buyers.

Adolfo Schoneke, 45, was sentenced on Oct. 24 after pleading guilty in May to one count of conspiracy to commit wire fraud. His sister and a co-conspirator, 39-year-old Bianca Gonzalez, pleaded guilty to the same charge in April and is scheduled to be sentenced in May 2023.

Schoneke, his sister and their co-conspirators operated real estate and escrow companies based in Cerritos, La Palma and Long Beach under several names, including MCR and West Coast Realty Services. They found properties to list for sale despite having no intention to sell and many of the properties were not for sale.

The properties were listed on real estate websites and marketed as short-sale opportunities at below-market prices. Some homes were marketed through open houses arranged by tricking homeowners into allowing their homes to be used.

COUPLE FINDS THEIR ‘AMERICAN DREAM HOME’ IN WILDWOOD, MISSOURI: ‘ROOM TO PLAY’

A California man was sentenced to nine years in federal prison for his involvement in a $6 million real estate scam in which houses were listed without homeowners' consent and collected money from prospective buyers. (AP Photo/Keith Srakocic, File / AP Newsroom)

"The fraud scheme [Schoneke] invented, proposed to his co-conspirators, and carried out involved uniquely devious means designed to steal money from as many victims as possible," a sentencing memorandum filed by prosecutors read. "Playing on the dream of homeownership and seemingly out of reach home prices, [Schoneke] figured out a way to ‘sell’ homes that he did not own and had no business in listing for sale."

Victims were led to believe their offer on a home was the only one accepted, even though multiple offers for homes that were not actually for sale were accepted. 

The co-conspirators strung victims along, for years in some cases, by claiming that closings were delayed due to lenders needing to approve the purported short sales.

MORTGAGE RATES CLIMB BACK ABOVE 7%

Adolfo Schoneke, 45, was sentenced on Oct. 24 after pleading guilty in May to one count of conspiracy to commit wire fraud. His sister and a co-conspirator, 39-year-old Bianca Gonzalez, pleaded guilty to the same charge in April and is scheduled to b (iStock  / iStock)

Bank accounts were opened by office workers to hide the co-conspirators’ involvement in the fraud. The accounts were used to receive down payments on the homes and other payments from victims who were convinced to transfer the full "purchase price" after receiving forged short sale approval letters. 

The office workers were directed by the co-conspirators to withdraw large amounts of money from these accounts, making it difficult to trace the proceeds.

As part of the scheme, Schoneke and his co-conspirators collected more than $11.7 million from about 750 victims, according to the sentencing memo. Some victims were reimbursed, but the scheme caused more than $6 million in losses to nearly 400 victims.

Schoneke, his sister and their co-conspirators operated real estate and escrow companies based in Cerritos, La Palma and Long Beach under several names. They found properties to list for sale despite having no intention to sell and many of the proper (iStock / iStock)

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A restitution hearing is scheduled for Dec. 12, according to the U.S. Attorney's office.

Co-conspirator Mario Gonzalez, 50, pleaded guilty in a related case in January 2019 to conspiracy to commit wire fraud and is scheduled to be sentenced on April 3, 2023. He has no relation to Bianca Gonzalez.

Sun, 13 Nov 2022 14:58:00 -0600 Landon Mion en-US text/html https://www.foxbusiness.com/real-estate/california-man-sentenced-9-years-6-million-real-estate-scam
Killexams : How to Get a Small Estate Affidavit in California

SmartAsset: small estate affidavit california

California allows a person with a claim to assets in the estate of someone who has died to collect them without going through formal probate by using an affidavit for collection of personal property, elsewhere called a small estate affidavit. This tool can only be used if the estate is worth less than $166,250. And it can only transfer certain assets and requires agreement from everyone else who might have a claim to the assets. However, with its help, an heir can collect bank accounts, stocks and other personal property from an estate much faster and at far less cost than probate.

Talk to a financial advisor to help you plan your estate.

Affidavit for Collection of Personal Property Basics

California’s affidavit for collection of personal property is known in some other states as a small estate affidavit. It is a sworn legal document a person can use to assert a claim to assets from the estate of someone who has died. This informal administration of an estate avoids the formal probate process which can take months or years. Probate fees can also significantly cut into the value of the estate

To be eligible for this informal process, California estates can’t be valued at more than $166,250 in total. This amount is increased from time to time to account for inflation.

Only certain assets are used to value an estate for this purpose. These include real property such as a home, personal assets such as bank and brokerage accounts and life insurance or retirement benefits due to the estate. Not included are vehicles and boats, assets jointly owned by someone else and bank accounts or insurance policies with named beneficiaries.

What Is Informal Administration?

Informal administration is a shortcut to the often lengthy and expensive process of administering an estate through probate. It is a form of estate settlement that uses the affidavit for the collection of personal property. Rather than taking months or years as probate can, informal administration can accomplish a transfer of assets within days after the end of the required 40-day waiting period.

Informal Administration Rules

Debts owed by the estate are not considered and will not reduce the value of the estate for the total estate value calculation. Also, while real property is used to calculate the value of the estate, it can’t be transferred using this process. It requires a different form and a longer waiting period.

For personal property, California requires a waiting period of 40 days after the death before this affidavit can be used. Another restriction is that probate cannot already have begun. If probate has started, a personal representative of the estate has to agree in writing to the use of this informal settlement process.

The affidavit doesn’t have to be filed with the court. To use it, the person claiming the assets presents it to the bank, brokerage or another holder of the asset. If the asset holder approves it, the assets normally will be released to the affiant. There are few or no fees to pay. While it’s not legally required, a bank or other asset holder may want signatures on the affidavit notarized, however. This typically costs $20 or less.

A generic affidavit for the collection of personal property forms can be downloaded from the state court website. Local courts may have forms, which can be obtained from the self-help section of the website of the county court. Financial institutions sometimes have their own forms as well.

What’s Included in an Affidavit for Collection of Personal Property?

SmartAsset: small estate affidavit california

Most people can complete this form without an attorney because it is simple and straightforward. The document needs to state the following:

  • The name of the person who died

  • The date and location of the death

  • That 40 days have passed since the death

  • That probate has not been initiated

  • That the estate value does not exceed $166,250

  • A description of assets to transfer

  • Names of other successors

You can also include attachments, many of which may be required. These documents or attachments include:

  • Certified copy of the death certificate of the person who died

  • Stock certificate, bank passbook or other proof the person who died owned the asset

  • Identification papers such as a driver’s license or passport for the person claiming the asset

  • Description and appraisal of real property included in the estate if any.

Everyone named as a successor also must sign the affidavit before it can be finalized. Not signing, or forgetting to get the signature of a successor, can cause the entire process to be rejected. If the estate moves into probate during this time then there is no way to reverse the process.

Pros and Cons of Affidavits for the Collection of Personal Property

There are multiple benefits and disadvantages to using an affidavit for the collection of personal property in the state of California. While it can save you time and money by avoiding the probate process, there are certain limitations that may not make it a viable option. Let’s take a closer look at the largest pros and cons of going down this route.

Pros of Affidavit for Collection of Personal Property

An affidavit for the collection of personal property can be very helpful when a person dies without a will. Affidavits for the collection of personal property offer notable benefits, including:

Cons of Affidavit for Collection of Personal Property

Some limits and drawbacks of using these affidavits include:

  • Estates must be smaller than $166,250

  • Other successors who may have a claim must agree and sign the affidavit

  • This process can’t be used to transfer real estate

  • Can’t be used once the probate process has begun

The Bottom Line

SmartAsset: small estate affidavit california

In California, an affidavit for the collection of personal property can save time and money when transferring assets from the estate of someone who died. The affidavits can only be used when the real and personal property in the estate is less than $166,250. After a 40-day waiting period, an heir can quickly gain control of assets such as bank accounts and stocks by presenting a properly completed affidavit for the collection of personal property to a financial institution or other asset holders. The affidavits can be completed without an attorney and involve little cost or delay compared to probate, but can’t usually be used if probate has already started.

Tips for Inheriting Assets

  • A financial advisor can help you with estate planning and other financial matters. Finding a qualified financial advisor who can help doesn’t have to be hard. SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now.

  • Inheritance is a common way to receive a financial windfall However, it’s not always as simple as getting a check when a rich relative dies. Wills and other tools for controlling the disposition of someone’s assets after death can be complicated. Taxes, debts and other considerations also made inheritance more complicated.

 Photo credit: ©iStock.com/Yok_Piyapong, ©iStock.com/Pattanaphong Khuankaew, ©iStock.com/Ilya Burdun

The post Filing a Small Estate Affidavit in California appeared first on SmartAsset Blog.

Fri, 04 Nov 2022 14:11:00 -0500 en-US text/html https://www.yahoo.com/entertainment/small-estate-affidavit-california-130031181.html
Killexams : California will now break down data by English learner subgroup Killexams : California will now break down data by English learner subgroup | EdSource
Education Beat Podcast — Parcel taxes by simple majority: a game changer? — Listen Now!

Gov. Gavin Newsom signed a bill into law, that will break down academic achievement data for subgroups of English learners.

Assembly Bill 1868 requires the California Department of Education to report standardized test scores in English language arts, math and science for subgroups of English learners, including long-term English learners, defined as students who have been enrolled in U.S. schools for six years or more and have not advanced on the English proficiency test in two or more years, and those at risk of becoming long-term English learners. The bill also requires the department to report how many students are both English learners and have a disability.

Previously, the department reported test scores for English learners as a whole, but not for all specific subgroups.

Proponents of the bill say that separating the data on subgroups of English learners will supply the state and local school districts a better picture of how each group is doing, which will help them provide more targeted support to groups such as long-term English learners.

“We are overjoyed about the success of AB 1868,” said Martha Hernandez, executive director of Californians Together, a statewide coalition that advocates for English learners. “This legislation will ensure that state, county, and district leaders have valuable information about the achievement of the over 200,000 long-term English learners (LTELs) and over 130,000 students at risk of becoming LTELs. Moreover, with over one in three LTELs being dually identified as students with disabilities, the provision to disaggregate special education data by language acquisition status and type of disability will be critical to informing our continuous improvement system.”


Latest updates:

Thu, 01 Dec 2022 20:41:00 -0600 en text/html https://edsource.org/updates/california-will-now-break-down-data-by-english-learner-subgroup
Killexams : Why Top L.A. Real Estate Agents Are Striking Out to Form New Brokerages

A score of Hilton & Hyland’s top sellers have decamped to form boutique agency Carolwood, while Compass’ Aaron Kirman opens AKG in partnership with Christie’s International.

L.A.’s ultra-luxe real estate landscape is shifting in dramatic ways.

This fall, Drew Fenton, one of Hilton & Hyland’s marquee names, veteran real estate exec Nick Segal and Hilton & Hyland marketing chief Ed Leyson struck out on their own to launch a new Beverly Hills-based brokerage, Carolwood. Fenton tells THR that after the death this year of Hilton & Hyland co-founder Jeff Hyland, “It felt like a natural progression to put all that I had learned in my 15 years at Hilton & Hyland into my own firm.”

In recent weeks, Carolwood has lured more than 35 agents from Hilton & Hyland, including power sellers Linda May (winner of the Agent of Historic Architecture Award at The Hollywood Reporter’s 2022 L.A. Power Broker Awards), Brett Lawyer, Jonah Wilson, Susan Smith, the team of Jonathan Nash and Stephen Resnick, Justin Paul Huchel, Bjorn Farrugia, Michael LaMontagna and Gordon MacGeachy. Others who have recently joined Carolwood include Cooper Mount (formerly of The Agency) and Richard Ehrlich (who came over from Westside Estate Agency).

After his time at the venerable Hilton & Hyland, Fenton says he is reveling in the “independence and the freedom to set a new tone moving forward.” The new tone includes a more personalized representation. “We’re taking the bespoke office concept to the next level with Carolwood, which is designed to facilitate top agents and accordingly facilitate their VIP clients in the spirit of private banking and family offices,” he says. (A spokesperson for Hilton & Hyland did not have a comment on the wave of defections from the brokerage.)

A similar spirit is evident at AKG, a brand-new, 160-agent luxury brokerage also in Beverly Hills. Top agent Aaron Kirman left Compass in November to start the company with Christie’s International Real Estate. “It’s the best of all worlds,” he says. “You get the luxury boutique, plus you get the incredible partnership and affiliation of something national and international that does hundreds of billions of dollars every year.”

Kirman says his goal for the brokerage is that it feels like a luxury boutique operation melded with innovative marketing techniques and even an AI division to help deliver data. Says Kirman, “We wanted to be more nimble. … We want to create and dominate the luxury sphere using the most innovative marketing techniques out there We have an incredible AI division … that gives us a lot of intelligence. Our goal is to use the intelligence, the teamwork that we have, the amazing agents that we have, the amazing marketing we have, and really create the ultimate luxury experience for sellers and buyers that just simply doesn’t exist today.”

With whispers of more high-profile defections on the way, it appears that breakaway brokerages will increasingly become a force to be reckoned with in the high-stakes game of L.A. real estate. “We are very, very confident,” Kirman says of AKG. “Not only will we continue to dominate luxury, we will own luxury.”

A version of this story first appeared in the Nov. 30 issue of The Hollywood Reporter magazine. Click here to subscribe.

Tue, 06 Dec 2022 12:30:00 -0600 en-US text/html https://www.hollywoodreporter.com/lifestyle/real-estate/los-angeles-real-estate-agents-new-brokerages-1235271534/
Killexams : Real Estate

SAN JOSE — A big office building in north San Jose has been bought by a family of California billionaires in a deal worth more than $80 million, a transaction that hints at sturdy interest in Silicon Valley real estate.

The office building, located at 350 Holger Way, was bought by an affiliate headed up by Stewart Resnick and his wife Lynda Resnick, Los Angeles-area billionaires who are the founders of The Wonderful Co.

For decades, Stewart and Lynda Resnick have been involved in intricate and vast water-rights deals that have helped keep the precious California resource flowing to their nut and fruit farmlands in the Central Valley. In 2018, Stewart Resnick was reported to be one of the nation’s wealthiest farmers.

The Resnick-controlled affiliate bought the north San Jose office building in a deal worth about 84.9 million, according to documents filed on Nov. 23 with the Santa Clara County Recorder’s Office.

350 Holger Way, a north San Jose office and research building that totals 96,500 square feet.
350 Holger Way, a north San Jose office and research building that totals 96,500 square feet. (LoopNet)

The deal value included the price paid for the building as well as a loan that the billionaires assumed as part of their purchase, the public property documents show.

The new owners paid $54 million for the property and assumed a Wells Fargo-provided mortgage totaling $30 million, the county property records show. State business records show the affiliate is based at the headquarters of The Wonderful Co. and that the affiliate’s responsible officer is the treasurer of The Wonderful Co.

The building totals 96,500 square feet and is three stories high, according to the LoopNet commercial property listing service.

The property purchase was arranged through Newmark real estate executives Steven Golubchik, Edmund Najera, Jonathan Schaefler and Darren Hollak.

“350 Holger benefitted from strong competition among investors seeking a risk-off investment secured by investment grade tenancy,” said Golubchik, an executive vice chairman with Newmark, a commercial real estate firm. “Despite current market headwinds, the strong credit profile and R&D buildout generated strong investor interest.

In 2021, an affiliate of Thor Equities bought the building for $50.5 million. Excluding the effect of the loan, that means the value of the building has risen 6.9% over a span of slightly under two years.

Stewart Resnick and Lynda Resnick are the co-owners and co-founders of The Wonderful Co., which is a $5 billion privately held company that offers “high quality, healthy brands,” according to a post on the company’s website.

Stewart Resnick(L) and his wife Lynda Resnick(R), co-owners of Los Angeles-based The Wonderful Co., a privately held $5 billion investment firm.(The Wonderful Co.)
Stewart Resnick(L) and his wife Lynda Resnick(R), co-owners of Los Angeles-based The Wonderful Co., a privately held $5 billion investment firm. (The Wonderful Co.)

The Resnicks also are reported to own a huge chunk of the nation’s pistachio crop.

“The Wonderful Co. is the world’s largest grower of tree nuts, America’s largest citrus grower, and the world’s largest flower delivery service,” according to a post on the company’s website.

The company’s brands also include Fiji Water, a popular bottled water offering.

The Resnicks’ first acquisition came in 1979 when they bought Teleflora, the big flower delivery service. Over the decades, the entrepreneurs added an array of purchases. The Resnicks also own Landmark Vineyards, a winery and estate with 240 acres in the Sonoma County town of Kenwood.

“We grow, harvest, bottle, package, and market a diverse range of products, including fruits, nuts, flowers, water, wines and juices,” Wonderful Co. states on its website.

Stewart Resnick(center), Lynda Resnick(center) and Gov Gavin Newsom(right center) join others in a groundbreaking ceremony for the Resnick Sustainability Center at Caltech, May 2022. (Caltech)
Stewart Resnick(center), Lynda Resnick(center) and Gov Gavin Newsom(right center) join others in a groundbreaking ceremony for the Resnick Sustainability Center at Caltech, May 2022. (Caltech)

The Resnicks’ influence in water and statewide politics has unleashed controversy and legal actions.

In 2009, this news organization’s Contra Costa Times newspaper revealed that Stewart and Lynda Resnick convinced U.S. Senator Dianne Feinstein to pressure the Barack Obama administration to undertake a review crafted to allow more water from the Delta to flow to farmers in the Central Valley — including lands owned by the Resnicks.

Stewart and Lynda Resnick have donated to a succession of California governors, including the state government’s current chief executive, Gavin Newsom.

In May 2022, Gov. Newsom and the Resnicks were front and center for the groundbreaking of the Resnick Sustainability Center at the California Institute of Technology, or Caltech, in Pasadena. The center was made possible by a $750 million grant from the Resnicks to Caltech in 2019.

“For Lynda and me, this is an incredibly significant investment,” Stewart Resnick said at the time of the groundbreaking.

Tue, 29 Nov 2022 00:34:00 -0600 George Avalos en-US text/html https://www.mercurynews.com/2022/11/28/san-jose-office-building-buy-california-billionaire-real-estate-tech/
Killexams : Meet 30 rising stars of real estate who are transforming the way homes are sold and offices get built at firms like Blackstone, Redfin, and CBRE

Maya Abood, 34

Abood.
Maya Abood

Abood's heart is in her work. 

Growing up in Stockton, California, she learned from an early age the importance of community development and housing activism.

"It was one of the areas hit hardest by the foreclosure crisis," Abood, 34, said of her hometown. "Early in my career and in my life, I saw the devastating impacts of housing insecurity, and that's what led me to this work."

She started her career as a tenant organizer, working with those living in slum housing conditions, facing eviction, and unable to pay the rent. She then took a role at a nonprofit where she helped finance affordable housing and launch community development programs. 

Her experiences gave her a sense of the housing industry and how state laws function, she said.

"But I felt like I was getting really entrenched in the way things were," said Abood. "I was advocating for the same solutions and not taking a critical look at the alternative solutions."

That realization led her to MIT, where she focused on the repercussions of single-family homes being bought by hedge funds and private-equity firms during the housing crisis. 

The research, which discussed how the financial system was designed to increase those companies' profits, was instrumental to an advocacy campaign behind state law AB 1482, a tenant-protection act. 

"Explaining how these new systems were working created the requirement that corporately owned single family homes were held to the same those rent and price controls," she said.

Today, she works as a housing, planning, and economic analyst at the City of Los Angeles Housing Department. Her role includes conducting research on new and existing policies and proposing new programs.

She and her unit led the department's "housing elements" process, establishing an eight-year plan for community housing that's required by the state. She's also worked on an eviction defense program and affordable housing and community development resource grants.

"I don't think there's ever enough people focusing on it," she said of community development and affordable housing. "It's a critical need that intersects what developers, governments, and advocates can do."

Matt Barnett, 30

Barnett.
Matt Barnett

Barnett is on a mission to align architecture and community. 

Today the 30-year-old is a senior associate at LS3P, an architecture and interior firm where he's worked for five years. There, he focuses on design excellence, conceptual frameworks, and strategic planning, and founded the firm's pr0 bono arm two years ago. 

"I typically work on projects that are really high in community engagement," he said. "We have to really challenge the way we work in order to take on societal, environmental, or equity challenges, things that I think buildings can certainly address."

Barnett's various projects have resulted in accolades like an AIA national young architects award in 2022, the University of Tennessee's 40 Under 40 list, and the AIA Committee on the Environment (COTE) Top Ten Award.

But he wasn't "supposed to be an architect," he said. Barnett grew up just outside of Wilmington, North Carolina, and experienced poverty and homelessness from a young age. 

"I grew up with all the rural issues of lack of resources and education," he said. However, those experiences led him to the insights, understandings, and design methodology he has today. 

Inspired by his grandfather, who worked as an electrician, he attended and graduated from the University of Tennessee with a bachelor's degree in architecture. After college, he left the South and sought work with world-famous designers.

His career trajectory skyrocketed when he joined the group Brooks and Scarpa and worked on The Six, an apartment complex designed for homeless veterans in Los Angeles. The team focused on affordable housing and sustainability practices before it was cool, Barnett said.

That experience informed his future work, like the Uganda Women's and Children's Clinic and projects with Passage Home, an organization on a mission to end poverty. 

"We had to deconstruct the financial system, the building systems, the way in which we design," he said. "It's so much more than the building, it's creating a road map to make change by designing systems."

Christie Chen, 31

Chen.
Oxford Properties

Chen says she took a nonlinear path into real estate. 

She got her start in portfolio management for large firms such as BlackRock, Blackstone, and W.P. Carey, but Chen said she quickly realized that she didn't want to analyze capital markets for her entire career. So she went back to school and completed her MBA from the University of Pennsylvania's Wharton School of Business in 2019 before joining Oxford Properties. 

"Real estate is really a relationship-driven business," Chen told Insider. "It's not just about what you know. Your network can really make a difference." 

Now eight years into her career, Chen is responsible for growing Oxford Property's portfolio of life-science properties. In March 2022, Oxford signed a deal to partner with Ensemble Real Estate Investments and Mosaic Development Partners in Philadelphia to redevelop more than 3 million square feet of life-science properties at the city's historic Navy Yard.

Part of the major undertaking includes a $1 billion investment from Oxford in diversity, equity, and inclusion initiatives such as commitments to create space for Black-owned businesses in Philadelphia, a city where Black people make up more than 40% of the local population, according to Census data. 

Chen said she is looking for opportunities to help mentor the next wave of young commercial real-estate investors. To that end, Chen and some of her colleagues at Oxford have established a talent recruiting pipeline to help bring more young talent into the fold. 

"I've benefited tremendously from mentors within and outside of real estate that supported me and provided me with opportunities as I grew up within the industry," Chen said. "I look forward to paying it forward."

Leia de Guzman, 32

De Guzman.
Leia de Guzman

De Guzman says that it started with the challenge to build a solar-powered house with net-zero emissions. As part of the US Department of Energy's solar decathlon, the Stanford MBA served as business manager for a team constructing a prototype house of the future. She led the effort to raise $1 million and helped the team win a prize for best engineering. 

From there, de Guzman tells Insider that she was hooked on the future of sustainability and making "buildings and cities that we live, work, and play in tread more lightly on the environment." 

After graduating in 2013, de Guzman spent seven years with Oxford Properties Group, where she worked on deal teams that sold some of the largest buildings in Europe, including the Leadenhall Building in London and the Sony Center in Germany. 

With some experience under her belt, she enrolled at Stanford Business School, where she was assigned a roommate, Stephanie Grayson, who also worked in real estate and was passionate about the future of sustainability. 

The two went on to cofound Cambio, a startup that provides carbon-emissions analytics and decarbonization recommendations for commercial buildings, like spotting which HVAC units can be retrofitted.

"We need to retrofit 85% of the world's buildings to meet the United Nations' 2050 climate goals," de Guzman says about the current challenge at hand for updating and improving the existing structures "We can't simply knock down these buildings."

Gaurav Dhume, 27

Dhume.
Gaurav Dhume

Dhume spent his childhood bouncing between the US and India, attending 12 different schools before he graduated high school. 

The experience prepared him for life at an early-stage startup, where adaptability is a prized trait. 

In early 2020, Dhume left behind a stable career in finance to become one of the first employees at Darwin Homes, a property-management company founded by a pair of early DoorDash executives. The Austin, Texas-based company, which has raised nearly $50 million in venture capital, uses proprietary software to help investors acquire and manage single-family-rental homes. 

Dhume, 27, was Darwin's first finance hire and built processes and models that are still used today. He quickly earned a reputation as a jack-of-all-trades, and spent time leading the company's HR, field operations, and leasing teams in addition to his primary role as finance lead.

"I would just parachute into different teams and fix things, and it was a lot of fun," Dhume said. "I told myself when I was joining the startup: 'It's going to be unclear, it's going to be uncertain.'"

In May 2020, during the initial throes of the COVID-19 pandemic, Dhume was working 15-hour days at his parents' home in Houston when he sensed an opportunity in real estate. Interest rates had dropped precipitously, but multifamily properties were still trading at a discount. 

He began raising money from friends and started a private-equity fund to purchase and stabilize a few investment properties on the side. He was 24 when he closed the first deal. By the time he sold off the portfolio, in September, he had more than doubled his investors' money. 

Dhume said he hopes to one day use his property-technology expertise to combat the climate crisis. 

"I want to figure out ways to manage energy usage in properties better — to make properties a lot more efficient, and save money by doing so," Dhume said. 

Mike DiNapoli, 33

DiNapoli.
Mike DiNapoli

DiNapoli thought he was going to be a certified public accountant, but the sedentary desk job didn't agree with him. A property-management career was calling, even though that wasn't something he'd considered initially. 

Through a family connection at the New York-based developer and property-management company Tishman Speyer, DiNapoli, a 2012 graduate of Loyola University, in Maryland, stumbled into a role of great responsibility and no number crunching: He was suddenly the new night-shift supervisor for the 70-person janitorial and maintenance crew at Rockefeller Center, one of Manhattan's most famous pieces of real estate. 

"While I was in college, I never thought about how an office building got clean at night," he said. 

The role was a natural fit. DiNapoli worked his way up to becoming the assistant property manager at 30 Rockefeller Plaza and 1250 Avenue of the Americas in about eight months, overseeing nearly 3 million square feet of commercial space. "I wore holes in my suit pants from all the running around I did," he said. 

DiNapoli's work may sound niche, but as watchers of the Rockefeller Center tree-lighting ceremony have seen, he's keeping the cogs of Manhattan's prime office spaces greased and running smoothly.

There are his daily responsibilities, and then there are the crises. As the property manager of CommonWealth Partner's AXA Equitable Center in midtown Manhattan, DiNapoli found himself facing a big one in June 2019 as the building trembled: A helicopter had just made an emergency landing on the roof.

"I was on the 50th floor out of 54 stories talking to a tenant, felt the building shake, heard a boom, and ran up," he said.

He saw the aircraft engulfed in flames and initiated a mandatory evacuation of the building's over 6,000 occupants, who all remained safe. He acted quickly as the COVID-19 crisis hit, too, by installing hospital-grade air filters and reconfiguring the lobby to meet social-distancing protocol.

These days DiNapoli, 33, oversees the Port Authority of New York and New Jersey's roughly 2 million square feet of property under and surrounding the World Trade Center site as a senior real-estate manager for the commercial real-estate-services firm CBRE.

"I like to be involved with things, going to the tops of roofs and looking over the edge 800 feet down, or trying to figure out exactly where we're at in a budget," he said. "It's kind of the best of both worlds for me. I like the investigative features, but I also like to get down and dirty."

"But while I'm in a suit, I'm not getting dirty," he added.

Stephanie Douglass, 33, and Kristina Modares, 33

Kristina Modares, left, and Stephanie Douglass.
Open House Austin

Being a young woman in the real-estate industry is not always an easy undertaking. But the challenges and rewards are what lured Modares and Douglass, the 33-year-old cofounders of the first-time-homebuyer-focused real-estate brokerage Open House Austin, to dedicate their careers to real estate.

The dream started when the two women connected over Instagram shortly after graduating from their respective colleges. At the time, Douglass was a young teacher renovating one of her first properties — but with little knowledge about homeownership, the task proved to be difficult.  

"I had a really bad experience trying to buy a house. It was just really scarring," Douglass told Insider, adding that "at that time, no one was trying to focus on millennial buyers." 

Modares, who had some experience in home renovations, gave Douglass advice and offered a helping hand. It was this partnership that inspired the duo to start a business together. But their business would have a more focused purpose: helping people just like them — young, first-time homebuyers — navigate the complexities of homeownership. 

"We had similar thought processes," Modares told Insider. "We thought we could guide people because we were those people, and we knew exactly what they needed."

In the years since their fateful introduction, the two have devoted their careers to helping people, especially women, strategically pursue homeownership in Austin's notoriously expensive and saturated housing market. 

Their company hosts an investor meetup for "women or anyone who identifies as a woman" every month to help prospective buyers learn the intricacies of the home-buying process. The women share tips and lessons on Instagram, where they have more than 11,000 followers. They also host a weekly housing podcast on investing, wealth-building, and housing.

"We created what we didn't and couldn't have," Douglass said, adding that it all comes back to their goal of "getting people information so they can make a decision and not be swept away by the hype."

John Andrew Entwistle, 24

Entwistle.
John Andrew Entwistle

Entwistle is only 24, but it's not his first time starting a company.

A native of Katonah, New York, a town in Westchester County, north of New York City, Entwistle founded two startups before he graduated high school. One was a video-game-server company, the other a software-development company called Coder.

He chose to forgo college and instead move to Austin, Texas, in 2016 to run Coder — a decision that he wouldn't have been able to make without his father.

"I reflected quite a bit on the journey and why I got started," he told Insider. "Ultimately, it all boils down to my pop and his support from a young age and really being there when we were kids."

He was awarded a prestigious two-year fellowship — and $100,000 — from the famed tech investor Peter Thiel. After stepping down as the CEO of Coder, Entwistle founded the vacation-rental company Wander in May 2021. 

The Austin-based company buys luxury properties in vacation hot spots from Hudson Valley, New York, to Port Orford, Oregon, that it rents out from $350 a night to remote workers and travelers. Entwistle came up with the idea after finding it difficult to get work done while on the road, and he's since raised $30 million dollars for the company. 

Entwistle, who describes himself as an obsessive learner, has been on a mission to learn what guests want while vacationing — which has guided him to outfit Wander's 13 stays with high-speed internet, work stations with curved monitors, high-quality microphones, cameras, fitness areas, and even Teslas for guest use. 

"It gives users a radically better travel experience than others," Entwistle told Insider.

The company has expanded from five properties in February to 13 now, and has around 110,000 users signed up, according to Entwistle.

"I like to view Wander as my forever company," he said. "I want to build this company until it's just as large as it possibly can be and spans the globe and I'm old and tired and just fall over."

Daryl Fairweather, 34

Fairweather.
Redfin

For Fairweather, the chief economist at the real-estate brokerage Redfin, being a financial expert is more than analyzing and deciphering how commerce shapes the economy. 

To her, it's about studying human behavior and learning how an individual's actions can impact the larger community. It's a calling she realized while pursuing her doctorate at the University of Chicago in the mid-2000s.

At the time of her enrollment, the nation's housing market was crumbling. The downturn was attributed to a tidal wave of investment spurred on by a combination of cheap debt and unethical behavior among mortgage lenders that resulted in many homebuyers ending up in foreclosure. 

By 2008, that speculative housing boom went bust and eventually led to the subprime-mortgage crisis. The event was so pivotal in Fairweather's education that it encouraged her focus on the US housing sector. 

"The subprime-mortgage crisis showed how housing is such an important part of the economy," Fairweather told Insider. "It's a difficult thing for everyday people to wrap their head around." 

Fairweather has spent much of her career attempting to do just that — get everyday people to understand the intricacies of the housing market. 

It's a skill she's used many times during the more recent pandemic housing boom — another seemingly unprecedented homebuying bonanza that has stumped experts and consumers alike.

"The housing market has been so wild the last couple of years," she said. "I have become really interested in understanding the overall economy and the impact of the pandemic on society as a whole."

While Fairweather is uncertain how the current housing cycle will play out, her years of economic and behavioral experience have taught her that "people will always need a place to live." To her that means, the housing market will "eventually go back to where it was before the pandemic."

Raja Ghawi, 29

Ghawi.
Raja Ghawi

Ghawi, a partner at the real-estate and construction tech fund Era Ventures, grew up surrounded by real estate. His parents were architects and his grandfather ran a contracting business. As his parents would drive him around his home city of Homs, Syria, they would point out the buildings that they had helped to design. 

Raja came to the US to study at Harvard in 2011, shortly after the start of the Syrian civil war. He studied biotech as an undergraduate and started his career in consulting for McKinsey & Co. and its artificial-intelligence arm, QuantumBlack, but he eventually felt the pull of the family business.

"As someone who was in many ways displaced from my home country, the concept of home and building is always on my mind," Ghawi said. His home city of Homs saw some of the most intense fighting in the early days of the war.

In 2018, Ghawi landed a job at Suffolk Construction, one of the country's largest contractors, to help build out their data team. One year later, he helped launch its corporate venture fund, Suffolk Technologies, which now lists 32 different portfolio companies on its website.

While a venture capitalist, he met Clelia Warburg-Peters of Bain Capital Ventures, who was a cofounder of the early proptech fund MetaProp. When Warburg-Peters started her new fund, Era Ventures, earlier this year, Ghawi jumped at the opportunity.

The fund, which is primarily raised from large investors outside of real estate, is focused on "reimagining systems" in real estate instead of just improving existing systems, Ghawi said. He cited a recent investment in the building-systems software PassiveLogic, which uses sensors and chips to keep track of building operations like heating and cooling, which are then automated using PassiveLogic's software.

Despite the current challenges in real-estate-technology investment, Ghawi is optimistic there is much "transformative change ahead for the built world."

Demi Horvat, 30

Horvat.
AirDNA

Horvat's career has run the gamut, from marketing dog treats to analyzing short-term rentals, but she sees a common connection. 

In both instances, Horvat has observed that it's "very hard for players who've been in the industry as it was" to adapt to innovations in their fields. 

At the e-commerce site Jet.com, which is now owned by Walmart, she had to convince suppliers of "dog consumables" to redesign their packaging to be more efficient for online shopping. At the short-term rental-analytics site AirDNA, she's witnessing traditional hospitality players catch up to the short-term-rental explosion. 

Horvat joined AirDNA as its chief operations officer in February 2022, following the company's acquisition by the private-equity firm Alpine Investors. 

In October, she was promoted to chief executive officer at just 30 years old. 

Horvat attributes her success to listening, whether it be to her clients during a previous stint at Boston Consulting Group or to the new team she leads at AirDNA. She's made sure that AirDNA's five-year strategy was a collaborative effort involving a wide range of voices and not just a decree from on high. 

"It's a really nice way to build relationships with people, and I think those relationships end up being at the foundation of everything you're able to accomplish," she told Insider.

Sayo Kamara, 31

Kamara.
Sayo Kamara

Kamara, has been a standout in the New York City office market since he first arrived in the Big Apple from Texas at age 24. 

With little cash, no financial assistance, and big dreams, he set out to take on the largest commercial real-estate market in the country. During his first year, he waited tables while working full time as a broker. 

Within his first six years in New York, he'd brokered deals for landlords like Brookfield and tenants like MacMillian Publishing. He worked for Lee & Associates and Colliers International before joining Cushman & Wakefield in 2021. 

The 31-year old has expanded his client base to include small and minority-owned businesses as well as nonprofits, and so far this year, he's brokered 10 deals for these types of landlords and tenants, he told Insider. The deals have included retail and industrial space in addition to office-based real estate.

"Office leasing has evolved with the pandemic, so things have changed," he said of his shift in focus.

Getting big leases signed isn't the only passion for Kamara, who is a persistent advocate of improving the diversity, equity, and inclusion quotient in commercial real estate, which is often lacking.

In 2018, Kamara joined the Madison Square Girls and Boys Club, an organization that provides support for children in underserved neighborhoods throughout the city. He now helms the group. 

He forged a collaboration between Brookfield Properties and Project Destined — a nonprofit that trains high-school and college students from underrepresented communities through internships with major real-estate players.  And this year, he became a board member for Young Men and Women's Real Estate Association, where he leads recruitment of real-estate professionals from diverse backgrounds to network with the top real-estate developers, brokers, and landlords. 

Sean Kia, 31

Kia.
Sean Kia

At 31, Kia has become one of the most prolific buyers of multifamily real estate in the country.

After several years in the business of buying and selling apartment buildings for other companies, Kia noticed there were ways to make the process more efficient by reducing renovation times and improving returns.

So at 25, the Los Angeles native started Tides Equities to realize that vision. Applying the Ford model of production to apartment-building transactions, Kia made his company's investors millions by buying tired, 30-to-40-year-old properties, renovating them, and selling them at a profit.

"Let's create an assembly-line approach to real-estate investing and do the exact same thing on every single building that we buy," he said, recalling the drive to start his business. "Because when you eliminate variables, you eliminate risks."

Tides bought $7 billion worth of apartment buildings in 2021 and 2022 in Las Vegas, Dallas-Fort Worth, Austin, and Phoenix — markets that are relatively affordable but where rents can still grow, and are fun places to live.

Kia puts renovations in motion even before even buying buildings. When the deals are still under contract, Tides scores financing that allows it to make the same investments in every building and collect materials needed to make quick upgrades.

Consider these apartment-building flips that Kia said paid off for Tides: In July of 2020, Tides bought a 236-unit apartment building in Phoenix for $27 million, spent $3 million on upgrades, and sold it just over a year later for $59 million. In another deal, Tides paid $89.5 million for a 472-unit apartment building in October of 2020, spent $4 million on renovations, and sold it for $137 million in November 2021. 

With Kia at the helm, Tides counts more than 600 individuals as investors whose money complements family-office and private-equity capital, including major firms such as KKR. The company has 31,000 units across its portfolio and $7.5 billion under management. 

Minjee Kim, 35

Kim.
Minjee Kim

Real-estate development is often a game of supply and take. For-profit developers typically have their own vision for a project; city planners might have another. Sometimes, the two sides butt heads as they try to hammer out a compromise before a shovel breaks ground. 

It doesn't have to be that way, said Kim, an assistant professor at Florida State University who has devoted her career to studying the relationship between real-estate developers and local government officials who sign off on new projects. 

In the past, scholars have mostly thought of for-profit development as being in opposition to progressive planning goals. But Kim, 35, believes her research can bring those two worlds together to help developers and planners realize that their aims aren't so different after all.  

Kim saw these negotiations firsthand when she worked part time at the planning departments of Boston and Cambridge, Massachusetts, while earning her master's degree and Ph.D. There, she sat down with developers to create places and buildings that, in addition to being aesthetically pleasing, included public amenities and developer concessions such as affordable housing and open spaces.

"That's where I really saw the possibility of creating synergy between planning and development," Kim said. "The profit-making motivation of the private sector is not antithetical to the values of equity and justice that are central to the planning profession."

Kim is also focused on promoting diversity, equity, and inclusion in the real-estate industry. A forthcoming report she's publishing with the Urban Land Institute looks at how master-planned community developers can be more inclusive while improving their bottom lines. She also chairs the DEI committee for ULI's North Florida chapter. 

"DEI is not just about how we look," Kim said. "It's also about the places we create and how equitable and just those places are."

Sam Kroll, 27

Kroll.
Sam Kroll

Kroll, the vice president of RET Ventures, essentially acts as an early-stage technology scout for residential real-estate investors. His targets — such as the short-term-rental company Kasa Living and the data platform Markerr — have also caught the eye of the single-family-rental leader Invitation Homes, the multifamily giant Greystar, and Starwood Capital. 

Kroll started his career doing something similar at the private-equity firm Aquiline Capital Partners, which invests in tech companies looking to modernize "old-school, legacy finance." He would be named an executive for some of the portfolio companies. Eventually, he realized that real estate was a financial asset that was ripe for the efficiencies that venture capital can bring.

"My practice at RET came from my background in fintech and from thinking about the world through financial institutions," Kroll said.

The goal isn't to create something that turns real-estate assets into publicly tradable stocks, Kroll said. Instead, it's to find tools that can Improve the way people invest in and manage residential properties.

Kroll highlighted a recent seed investment in Travtus, a company that helps to automate interactions with tenants while also providing "sentiment analysis," to understand their feelings about their landlord and their likelihood of lease renewals.

He's also worked with GetCovered, a company that's building an online marketplace to help insurance companies compete with so-called insurtech firms over products like rental insurance and security-deposit guarantees, and Revere, a marketplace that brings commercial real-estate developers and investors together on one platform.

Odeta Kushi, 31

Kushi.
Odeta Kushi

When Kushi, the 31-year old deputy chief economist of the title insurance company First American, migrated to the United States as a child, she was fascinated by the cultural, social, and economic conditions of her new home. 

Coming from Albania, Kushi and her family made a big leap of faith to pursue the American dream — their own ideal of economic prosperity and upward mobility where they could build a secure future for themselves.

Recognizing the differences between the ways in which her native and adopted country operated — and the different opportunities available to citizens of both places — she was immediately drawn to the study of economics. 

"Immigration from Albania kind of ignited my curiosity on the dichotomies between transitional economies like Albania and then a developed country like the United States," she told Insider. "I was really trying to understand why my family was hoping this economy was so different from its neighboring countries."

Kushi's studies led her to focus on housing, a sector of the economy that she grew to understand was a primary driver of financial growth. "I learned that homeownership is one of the biggest positive drivers of wealth creation in the United States and the core components of the American dream," she said. 

In her role at First American, where she manages a team of researchers and regularly produces analytical reports, it's a lesson she tries to communicate to consumers. "I hope that we are a reliable source of analysis for both buyers and sellers, so they can try to get a better understanding of the dynamics currently at play," she said. 

Her dedication and skill has gained her visibility in the industry, and she's often featured as an expert commentator for big news outlets like CNBC, Yahoo, and Bloomberg. "I'm hoping to continue being an influential voice in the space for some time," Kushi said. "Continue learning from my fellow housing economists, continue growing, and hopefully contributing valuable information to the field."

Christian Lawrence, 29

Lawrence.
Rise Modular

With a background in finance, Lawrence, 29, admits he isn't the kind of person one might expect to be the CEO of a modular construction company. 

In just 2½ years, Lawrence has grown Rise Modular, a construction firm in the greater Minneapolis area, into a business that has built more than 760 units as of November 2022. Rise, which has grown to 150 employees, has another 400 units currently under construction. 

Modular construction refers to a process of producing a product at an off-site location and then assembling it on-site. At Rise, which specializes in multifamily and commercial real-estate construction, this can mean building an entire floor at their 150,000-square-foot warehouse and then transporting it to a job site for installation. 

"At Rise, we're trying to expand the pie, not just take a bigger slice of it," Lawrence said. 

Lawrence says Rise separates itself from its competitors by focusing on projects that wouldn't otherwise be possible in a more traditional construction setting. 

For example, Rise completed a seven-story, 192-unit building called Alvera Apartments in St. Paul in December 2021. Lawrence said other developers on the project approached Rise to help with the project because they couldn't make it pencil out with pro forma systems. Rise was able to build the building with 154 different modular pieces, which saved at least five months of construction work, Lawrence said.

Lawrence said that in the next three to five years, he expects Rise to become a leader in the modular construction space. The company has plans to expand outside of the Minneapolis market, and Lawrence said Rise is "well-positioned to capitalize on that growth."

Megan LeMense, 34

LeMense.
Megan LeMense

LeMense's career has taken her from the staid halls of JLL, one of the world's biggest commercial real-estate firms, to the startup environment of WeWork, where she helped reshape how companies think about office space and got a "crash course in crisis management" during the pandemic. 

In her latest role, LeMense is once again betting on a company that she believes can shake up the CRE world. She now leads marketing for Raise Commercial Real Estate, a brokerage firm that uses technology to help clients find and manage their office space through a single online platform. Since joining the company in January, she's made it her mission to use content and messaging to make the San Francisco-based firm a household name.

Today, practically all large commercial real-estate-services firms tout their technology. But LeMense said Raise's platform, which has helped attract clients like the software giant Palantir and the gaming livestreamer Twitch, sets the company apart from the fold.

"The industry as a whole is ripe for change," LeMense said. 

When she joined WeWork in 2017, LeMense was one of the founding members of the global marketing team. By the time she left the company four years later, she was overseeing its positioning of properties in the US and Canada and its messaging to brokers across the world.

Communicating the importance of physical office space is all the more crucial at a time when many companies are shedding square footage and trying to figure out how to draw workers back to the office. Now more than ever, LeMense said, companies want a closer relationship with brokers at a firm like Raise, who can guide them through every step.

"There's really an increased need to serve as an extension of the companies that we represent," LeMense said.

Adir Levitas, 35

Levitas.
Faropoint

Levitas was fixing and flipping single-family homes in Memphis, Tennessee, a decade ago when he began to think about how he might broaden his real-estate-investment business.

"I knew the flipping strategy wouldn't last forever," said Levitas, who was born in Israel and now lives in Hoboken, New Jersey.

He noticed how FedEx, the Memphis-headquartered shipping and logistics giant, was expanding rapidly at the time — and turned his attention to warehouse spaces that catered to such users. 

In 2013, his firm Faropoint made its first such acquisition, a humble $1.4 million auto-body shop in Horn Lake, Mississippi, that he believed could be converted into a small warehouse-storage space.       

Raising money from investors in Israel, Levitas wound up purchasing dozens of such properties in the ensuing years, building a $75 million portfolio. In 2018, Faropoint, which is now based in Hoboken, sold that original collection of small warehouse assets for $95 million, reaping a tidy profit, Levitas said. 

Rather than graduate to acquiring larger warehouse properties, Levitas realized he could carve out a niche by staying focused on smaller buildings that wouldn't attract major real-estate investors like KKR and Blackstone, who in recent years have begun to flood the industrial market.

In 2018, Levitas raised the company's first formal investment fund, a $150 million vehicle backed by institutional investors, mainly life-insurance companies and pension funds in Israel. The company sold that portfolio for roughly $500 million earlier this year, doubling its equity, Levitas said. 

The company raised $500 million in a second fund round and invested in $1.2 billion worth of warehouse deals. Levitas said he is now in the process of amassing a third fund of Israeli, American, and Swiss institutional backers that he said would be larger than the second fund.    

Warehouses have become a hot asset in the pandemic era as e-commerce boomed and supply-chain disruptions created a growing need for storage and logistics spaces. 

Faropoint's specialty in smaller deals means it has to sift through hundreds of potential purchases. To help streamline that process, it has developed a digital portal on its website where brokers can input warehouses they're trying to sell for Faropoint to evaluate. The company employs a 20-person tech team in Tel Aviv to maintain and develop the site.   

"Developing a proprietary marketplace, that was a game changer for us," Levitas said. "We now have relationships with 350 brokers across markets who log in and feed us deals." 

Austin Lo, 32

Lo.
Austin Lo

Lo is currently living in his 10th place in New York City, so he knows the exhausting process of apartment hunting all too well. 

After studying engineering at Columbia University, Lo was a trader and analyst at J. Goldman & Co. focused on internet technology and e-commerce. That experience gave him unique insight into how people formed purchasing habits online.

But his finance job was missing the creativity he craved. 

"I realized that I was just pushing around little bits of money back and forth and not really creating anything or affecting transformation or change in the world," he said. 

Meanwhile, he was moving nearly every year and seeing apartments in person — an arduous experience compared to buying food or a mattress with the click of a button. That dissonance motivated him to create Peek, a virtual-tour platform for rental properties. 

"There was this significant need to create the e-commerce experience for renting an apartment," he said. 

Lo and his roommate, Chris Kostoulas, founded Peek in 2019, just in time for a wave of millennials who have increasingly purchased homes sight unseen, thanks to virtual-tour technology and heightened demand during the pandemic. 

But it's become more than a pandemic fad. According to Lo, it's a lasting change in consumer behavior.

"People are visiting fewer and fewer places in person," he said. "The desire to do most of your decision-making online has stuck."

Marina Malomud, 34

Malomud.
Marina Malomud

Malomud told Insider that she always wanted to be a developer. "Ever since I was a kid, there was just something about the built environment that was really just attractive and appealing to me," she said.

Malomud, a Harvard Law School graduate, joined the student and multifamily developer Subtext in 2019. She was tasked with launching the multifamily vertical at Subtext, which has since delivered a seven-story apartment building in Boise, Idaho, and has more communities in development. She is now a partner and chief operating officer.

Malomud's vision is to construct communities that are alive and evoke emotion.

"This passion to create more than just buildings is really integral to what motivates us," she said. "There's a shortage in housing and there's a shortage in real human connection between people. And we see an opportunity to try to solve both and do what we can to just make this place a little better."

Malomud began her career in 2013 as a development associate at the Arlington, Virginia-based Paradigm Development Company, and has since climbed the ranks. She said the real-estate industry needs more women in its ranks. 

"It's interesting when you get used to being the one, or one of a handful, of women in a field when that's the only experience that you've known," she said. "Women bring a different and interesting perspective to a business and we should just encourage more of that in the real-estate industry."

Mae-ling Lokko, 35

Lokko.
Shannon Straney

Lokko is out to decarbonize the building-materials industry. 

The 35-year-old is an assistant professor of architecture at Yale University and the founder of Willow Technologies, a Ghana-based building-materials company that is turning agricultural by-products into the stuff that might one day make up our homes.

Lokko is particularly interested in finding materials that stimulate local economies in the global south — she was born in Saudi Arabia and grew up across the world, but she calls Ghana home — which is why she's turned to studying the role of the coconut husk and other superfood by-products in the materials economy.

"Over the last couple of decades, there's been a food and cosmetic boom using coconut oil and coconut water to create products for this growing multibillion-dollar industry," Lokko said. "The by-product of that, which is the husk, is really challenging. Typically, in places like Ghana, it's illegal to dump the husks in the municipal waste system because it's very difficult to crush them." 

Husks often get abandoned on the roadside, and then burned, turning a land-pollution problem into an air-pollution problem, she said.

Lokko realized the husks were so efficient at protecting the coconut fruit — and resilient as waste — that they could be manipulated into a high-performance building material. Willow Technologies has used the husks to create boards that are stronger than plywood, and the exterior of acoustic panels that use other by-products like corn husks and mycelium to absorb sound.

There's a pathway for these low-tech materials to hit the commercial market more quickly than some of the high-tech systems big-name companies are working on, Lokko said.

"It's the idea of really crafting a material catalog with things we already know very well," she said. "It's just we haven't been using them in useful proportions."

Kashee Ramalingum, 34

Ramalingum.
Kashee Ramalingum

Ramalingum, a rising executive with the proptech firm LifeX, is using her background in technology to help grow the company. 

Born and raised in Mauritius, an island in the Indian Ocean, east of Madagascar, Ramalingum attended college in London and received a bachelor's degree in information management and a master's in technology entrepreneurship.

"The idea here was that I always wanted to work in startups to work in a bit more of an innovative industry," Ramalingum said of her career ambitions.

She started working as a consultant before joining LifeX, which offers flexible coliving spaces across Europe, in early 2018. 

Based in Berlin, Ramalingum is currently the head of business development for the Germany, Austria, Switzerland, and France regions. Ramalingum set up LifeX's Berlin office and now works with stakeholders helping them Improve their assets for a better experience for tenants. 

Ramalingum's mission to integrate technology into real estate was met with hesitation initially, but the industry is starting to come around, she said.

"I sometimes compare real estate to finance," she said. "What they both have in common is it has taken time for the stakeholders and the players in those markets to get out of that bubble and start innovating and start integrating technology into it."

She also has a unique perspective and approach to facing the challenge of being a woman in a male-dominated industry.

"I sometimes have a bit of an advantage because I am not only a woman, but I'm also of a different skin color," she said. "When I'm having conversations, sometimes I actually feel like those people who have been in real estate for a very long time listen to me because they're a bit more curious of what I can bring to the table."

Kanaai Shah, 23

Shah.
Blackstone

Shah was a teenager in the Bay Area considering a career in the tech industry. Instead, he came to realize he prefered working the front desk at a local Marriott hotel on nights and weekends. 

"I did the whole robotics and math club thing, but I liked the physical and qualitative elements of hospitality and real estate," Shah said. "And I loved talking to people."

Shah went on to attend Cornell's prestigious hospitality program, graduating in three years. In the summer of 2019, he interned at Blackstone, one of the world's largest real-estate holders. The company offered Shah a position on the team that manages its expansive hotel portfolio.

In 2020, Shah moved to a role helping to oversee Blackstone's multifamily-apartment assets across the country. Blackstone has focused on acquiring residential rental buildings as a hedge against inflation and owns tens of thousands of market-rate apartments.   

Earlier this year, he shifted to another job at the firm focused on affordable-housing investments, a segment of the rental market that has seen skyrocketing demand as rental rates have risen. 

"I decided to take a risk again and move to the affordable-housing team to learn something new," Shah said. "Though you may work in one sector, you learn to pull from your other experiences to be a better steward of the assets you now manage."

Shah's new team manages about 90,000 affordable apartments, including an 80,000-unit portfolio it acquired from AIG last year for $5.1 billion and 5,800 apartments in San Diego it purchased for more than $1 billion from the Conrad Prebys Foundation. 

Sanjana Sidhra, 29

Sidhra.
Sanjana Sidra

Sidhra said she began to understand how one's environment can directly impact a household's well-being and social mobility while studying urban design and working as an architect in Mumbai. 

Then came the COVID-19 pandemic, which she said only reinforced her beliefs. After graduating from Cornell University's school of urban planning in May 2020, she joined the staff at the Affordable Housing Institute in Boston to help increase access to affordable housing in the US. 

During the fall semester this year, Sidhra was selected to coteach a course on the principals of affordable housing at Harvard's Graduate School of Design. Sidhra lectured students and executives from 35 affordable-housing organizations, alongside the AHI founder David A. Smith. 

In her role at AHI, Sidhra has worked on regulatory policies with global agencies like the World Bank, the African Development Bank, and the InterAmerican Development Banks. She has also led the coordination effort to build affordable housing in rapidly growing economies such as the Republic of Guyana, which has become a global leader in offshore oil exploration.  

In the US, Sidhra was part of a team that helped a tenant organization in Boston preserve 1,100 affordable units for residents that lived at the Bunker Hill public-housing development after it was redeveloped in 2021. 

In the future, Sidhra said she wants to create policies that enable shared equity and rent-to-own finance models to proliferate, especially in emerging markets.  

"Affordable housing is urban infrastructure," Sidhra told Insider. "It is where essential jobs go to sleep at night."

Sam Stone, 34

Stone.
Opendoor

It has been a bruising year for Opendoor. 

The San Francisco-based iBuyer, which purchases homes online with the help of algorithms and then seeks to flip them for a profit, took a $928 million loss in the third quarter, its biggest markdown ever.

The turbulence hasn't shaken the confidence of Stone, the director of product management, pricing, and data products at the company, which has won over consumers by making offers on their homes instantly online. 

"Ninety-nine percent of real -state transactions in the US don't occur online and that blows my mind," Stone said. "I deeply believe in the digitization of real estate."

Behind the scenes, Opendoor uses programs that help evaluate the overarching health of the housing market, as well as a specific home's individual attributes, to decide whether it should accept an offer to buy or sell a property and at what price. 

Stone led a project to tether the algorithms on the "buy" and "sell" sides of the business in order communicate market observations and consumer behavior to one another and adjust the company's pipeline of purchases and sales accordingly.  

"If the sell-side algorithm begins to see homebuyers pulling back, that's something our buy-side algorithm should know and begin to factor into its own pipeline," Stone said.

Since graduating from Stanford, Stone has been enthralled with the promise of using big data to solve complex real-world problems. He majored in math and international studies, with ambitions to get a doctorate in political science and use metrics to guide global relations and policy. 

But uninspired by a life in academia, he instead opted to get an MBA at Harvard and put his data-driven approach to the test in the business world. Before Opendoor, Stone had a series of jobs in both the investment and technology industries, including stints at TPG, where he evaluated tech investments, and as a software developer at SolveBio, a genomic data company. 

Stone, a native of Illinois, lives in San Francisco with his wife and baby son.

Riley Warwick, 30

Warwick.
David Marlow

Warwick decided in 2014 that he was ready to climb the echelon's of Aspen, Colorado's real-estate scene. It didn't matter that he'd never been there, he thought.

Warwick, who had a few real-estate internships while attending Purdue University, chose to head to the bougie ski town after noticing on RealTrends that despite its petite size, its real-estate agents ranked alongside agents in Manhattan and Miami in terms of dollars sold. 

"I decided it was a market I could compete in," Warwick said.

He was right. Eight years after his arrival, at 30 years old, he's leading Douglas Elliman's top-producing Aspen-based brokerage team, Saslove and Warwick.

Warwick had to learn how to handle rejection. He spent hours preparing presentations for Aspen's top 10 brokers, and racked up the mileage driving the 200 miles between his jumping-off point in Denver and Aspen. His calls went unreturned at first.

Eventually he landed a gig at the front desk of Sotheby's Aspen location. "I was answering phones, refilling the coffee maker, and then at night, I would go to restaurants and I would try to socialize and build my own book of business," he said. 

Warwick's biggest break came when he convinced his roommate's grandparents to sell their home in town to a spec builder, even though the property wasn't on the market. It was off-market deals like this that would launch fuel his cumulative $740 million in sales.

In 2021, he represented the buyer and seller in a $72.5 million off-market transaction that broke the record for priciest residential home sale not only in Aspen, but in Colorado.

He's still turning to off-market deals as the national market cools.

"There's still a lot of people looking," he said. "It's just a matter of finding a product that works for them at a reasonable price."

Maggie Wu, 27

Wu.
Maggie Wu

If you meet Wu, a New York City real-estate agent, at a party, she might just recruit you into her fold.

In her first year leading a team at Serhant, where she's projected to close nearly $100 million in sales, Wu credits her success to poaching sometimes unorthodox but hardworking candidates for her team. 

One current team member was a friend of a friend she met out on the town one night. They followed each other on TikTok and Instagram. Wu saw untapped potential. 

"She did a video apartment tour. And I was like, 'Are you sure you're not in real estate?'" 

After some convincing, the woman dropped her studies for the Law School Admission Test, or LSAT, and joined Wu's team.

No one had to convince Wu to enter real estate — she grew up in both mainland China and Hong Kong with property investors in her family. After a lifetime of watching others, she was hungry to enter the industry. After graduating from New York University in 2017, she worked for four years as an agent's assistant. 

Now she leads her own team at Serhant, but she's used to industry vets underestimating her.

"Being a 27-year-old woman in this industry, you realize that a lot of brokers try to bully you into getting deals done," Wu said.

But she exudes confidence and stands up for her clients. At the end of the day, it's her relationships with clients she cares about most, she said.  

Strong relationships have helped her land big deals, including a $21 million, four-bedroom penthouse in the Nomad neighborhood of Manhattan with sweeping, south-facing views that stretch all the way down to the Freedom Tower.

Yaakov Zar, 30

Zar.
Lev

Commercial real-estate lending is a notoriously old-school industry. Investors, looking for debt to purchase new properties or to refinance old ones, usually have a few go-to brokers and are burdened with piles of paperwork. Tracking the process from beginning to end can take months. 

Zar's experience trying to get a $4.5 million loan for a nonprofit a few years ago inspired him to found Lev, a software platform that connects lenders and borrowers. It facilitated over $1 billion in loans in 2021, and is on track to facilitate up to $1.5 billion this year.

At the time, Zar was already interested in working in the real-estate-debt world, but had a residential mortgage business in mind after a frustrating foray into buying a house. Then he realized that commercial lending was even more ripe for disruption.

Zar had previously founded a software-as-a-service company for plumbers, electricians, and other home-service providers called Dispatch, which was acquired by Vista Equity Partners in 2018. He applied that SaaS approach to Lev, which brings the lender and borrower information into one place, which he said can close loans three times faster than traditional methods. 

The company focuses on mid-market investors working on new deals, but who don't have the finance teams of their larger competitors. Borrowers can now compare multiple quotes from a single application, saving time and speeding up deals.

With an increasing number of loans financed through the app and a recent $170 million funding round, more firms are taking up Zar on his vision.

"We're trying to become a software and services extension of their team," Zar said of his investor clients.

Mon, 28 Nov 2022 20:00:00 -0600 en-US text/html https://www.businessinsider.com/rising-stars-of-real-estate-residential-commercial-proptech-industrial-leaders-2022-11
Killexams : Property Records of California Points Out How to Choose the Best Real Estate Agent in 2023

The Los Angeles company "Property Records of California" helps new homebuyers by identifying the top real estate agents across SoCal. Property Records of California works alongside the best realtors and brokers from all counties.

Property Records of California works with homebuyers who want to know more about a property that’s for sale. The Property Records of California will pride a detailed property history report that helps buyers decide if the property they have their eye on is the right one. Real estate agents can also use this information to know the history of a specific home he or she is about to list or show.

The Perfect Real Estate Agent

Whenever someone is looking to find the perfect real estate solution for oneself, he or she will have to go through detailed research to find the best results. If they have never hired a real estate agent before and it is the first time that the potential homebuyer has decided to invest money in real estate, then it is important to know that there are a number of things that people will have to keep in mind.

Check the Overall Market

If someone is investing money in real estate, then that person will have to check the overall market to make the right decision. According to the Property Records of California, if someone is not paying attention to the overall market, then he or she won’t be able to make the right choice. This article shares a few tips that will help people find the best real estate agent to find a better solution with the help of a professional real estate agent. If anyone has hired the perfect real estate agent, then they should know that the agent would help make the perfect decision.

Personally Meet With the Real Estate Agent

There are a few matters that one will not be able to resolve over the phone. If the person investing is ready to invest money and is ready to make things better for someone, then knowing that he or she will have to set a meeting with the agents properly.

The potential homebuyer will have to meet with the agents personally, and check the professionalism displayed by the agents. If anyone thinks that the agent is professional and he/she is going to provide excellent suggestions to invest in or find a nice home to buy then the right thing to do is to consider starting working with that agent. Always try to do things hands-on to get to know things in detail.

Go With the Real Estate Agent With the Most Experience

Another important thing that buyers need to keep in mind to avoid facing issues in the future is to check the overall experience of the agent. If someone is hiring an experienced agent, they will find the best results. By checking the overall experience of the agent and paying attention to recent sales, then one can pay close attention to the overall reputation of the agent. If the agent does not have a good track record the homebuyer should continue their research and find the best solution.

Important Reasons to Hire a Real Estate Agency

When it comes to purchasing a new property, the best advice is to hire professional help. If someone isn’t sure how they can find the help they need, then he or she should know that there are a few crucial things that the homebuyer needs to keep in mind and it is always important for buyers to hire the best real estate agent whenever a new property is being purchased.

There are multiple reasons that will help people understand why someone needs to hire a real estate agent and how hiring a real estate agent can help fix the problems some buyers might face. Most people don’t pay attention to these things, and they try to save money and end up facing multiple issues.

If the potential homebuyer wants to avoid issues in the long run, then he or she will have to come up with the best way to make things easier for themself. Let’s have a look at a few reasons why someone should hire a professional real estate agent.

Real Estate Agents Have Access to Homes That Aren’t Available Online

It will be hard for the buyer to search for the properties available for sale in a particular area. If the buyer isn’t hiring a real estate agency, then all the potential properties will stay hidden from buyers, and he or she won’t be able to find the best results, according to a study from the Property Records of California.

Hiring a real estate agent will fix most issues first-timers face, and definitely make things easier, and more convenient for the buyer. If folks want to find the best properties and are looking to purchase a property that will have great worth in the coming days, then the buyer should know that only experienced real estate agents are going to help in this matter.

Paperwork is Hard to Deal With

When it comes to preparing all the papers and contracts, it will be extremely hard to do it alone. If someone wants to find a better solution, looking for the best quality real estate agent is the way to go. If someone is hiring an experienced real estate agent, then it will help in multiple ways. The potential homebuyer does not need to worry about all the paperwork, and the agent will take care of everything related to the property along with the paperwork. If the buyer is handling all the contracts, then it will make things worse for everyone.

Media Contact
Company Name: Property Records of California
Contact Person: Customer Service
Email: Send Email
Address:4470 W Sunset Blvd #625
City: Los Angeles
State: CA
Country: United States
Website: https://www.propertyrecordsofcalifornia.com/

 

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To view the original version on ABNewswire visit: Property Records of California Points Out How to Choose the Best Real Estate Agent in 2023

© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Thu, 01 Dec 2022 20:30:00 -0600 text/html https://www.benzinga.com/pressreleases/22/12/ab29936100/property-records-of-california-points-out-how-to-choose-the-best-real-estate-agent-in-2023
Killexams : Franklin Templeton Academy Introduces Alternatives Education Learning Platform

New learning suite offers expert training on alternative investments for financial professionals

SAN MATEO, Calif., November 30, 2022--(BUSINESS WIRE)--The Franklin Templeton Academy today announced the launch of its Alternatives Education program, a robust learning suite aimed to help financial professionals expand their knowledge of alternative investments and navigate the growing space with confidence. The program offers a comprehensive curriculum on various types of alternatives, including courses on private equity, real estate, private credit, infrastructure and hedge strategies.

"The Franklin Templeton Academy is excited to offer our Alternatives Education program as part of our ongoing effort to build knowledge and proficiency around the ever-evolving alternatives investment landscape," said Barry Kruse, Global Head of the Franklin Templeton Academy. "Our curriculum delivers deep understanding around alternatives, as well as continuing education credit for financial professionals. And it is available in across multiple formats so learners can study as they prefer."

The Alternatives Education program is offered in a variety of program modalities to create a personalized learning experience, including in-person and on-site classes, interactive webinars, self-paced e-learning modules, and pre-recorded video. The program also offers background sheets and workbooks to supplement and bolster the learning experience.

Course content is developed and delivered by experts in the alternatives industry. Coursework is eligible for credit toward Certified Financial Planner® (CFP®), Chartered Institute of Management Accountants® (CIMA®), Retirement Management Advisor® (RMA®) and Certified Private Wealth Advisor® (CPWA®) certifications and offered at no cost to the learner.

"With today’s market volatility, geopolitical risks, and 40-year highs in inflation, financial professionals need a more sophisticated toolbox to help their clients meet their long-term financial goals," said Shane Clifford, Senior Managing Director, Alternative Strategies at Franklin Templeton. "As advisors increasingly look to integrate alternative investments into their portfolios, we are committed to providing advanced education on and building proficiency in using these versatile and valuable investment strategies."

"The single largest piece of feedback we hear from advisors and home offices is the need for education, specifically around private market asset classes, vehicle structure, and their role in a portfolio," added Dave Donahoo, Co-Head of U.S. Wealth Management at Franklin Templeton. "For that reason, we are very proud to release Alternatives Education by the Franklin Templeton Academy, the educational pillar of Alternatives by Franklin Templeton. We believe our decades-long history of helping advisors solve problems, combined with our position as one of the largest managers of alternatives, enables us to help solve for this need."

The Franklin Templeton Academy has offered continuing education for financial professionals and investors worldwide for more than 15 years. Over the past three years, The Academy has reached 110,000 learners in 30 countries and 16 languages, offering more than 40 courses in investment concepts and practice management.

This press release, and the information contained herein, is provided for discussion purposes only and is not intended as, and may not be relied on in any manner, as an offer to sell, a solicitation of an offer to purchase or a recommendations of an interest in any security or investment vehicle. Any such offer may only be made pursuant to the delivery of formal offering documents. Alternative investments are complex, speculative investment vehicles and are not suitable for all investors. An investment in an alternative investment entails a high degree of risk and no assurance can be given that any alternative investment's investment objectives will be achieved or that investors will receive a return of their capital. Franklin Templeton makes no representation or warranties with respect to the information provided such information should not be relied upon in connection with an investment decision or for any other reason whatsoever.

All Investments involve risk, including loss of principal. Past performance is not guaranteed of future results.

About Franklin Templeton

Franklin Resources, Inc. [NYSE:BEN] is a global investment management organization with subsidiaries operating as Franklin Templeton and serving clients in over 155 countries. Franklin Templeton’s mission is to help clients achieve better outcomes through investment management expertise, wealth management and technology solutions. Through its specialist investment managers, the company offers boutique specialization on a global scale, bringing extensive capabilities in equity, fixed income, multi-asset solutions and alternatives. With offices in more than 30 countries and approximately 1,300 investment professionals, the California-based company has 75 years of investment experience and approximately $1.3 trillion in assets under management as of October 31, 2022. For more information, please visit franklintempleton.com and follow us on LinkedIn, Twitter and Facebook.

Copyright © 2022. Franklin Templeton. All rights reserved.

View source version on businesswire.com: https://www.businesswire.com/news/home/20221130005734/en/

Contacts

Franklin Templeton Corporate Communications:
Rebecca Radosevich, (212) 632-3207, rebecca.radosevich@franklintempleton.com
Stacey Coleman, (650) 525-7458, stacey.coleman@franklintempleton.com

Wed, 30 Nov 2022 00:48:00 -0600 en-CA text/html https://ca.news.yahoo.com/franklin-templeton-academy-introduces-alternatives-144800640.html
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