How Foreign Investment in Student Housing is Driving the Sector’s Record Growth

How Foreign Investment in Student Housing is Driving the Sector's Record Growth

Foreign investment in student housing is on the rise for a number of reasons directly tied to the reputation surrounding American higher education.

Between 2000 and 2015, enrollment in U.S. undergraduate degree programs increased by 30 percent, from 13.2 million to 17.0 million. By 2026, that number is expected to increase to 19.3 million. Foreign-born students are making a significant contribution to this increase. International undergraduate enrollment has increased more than 17 percent and is expected to continue its double-digit climb over the decade to come.

And these trends are causing a boom in real estate’s student housing sector, particularly among foreign investors.

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Foreign Commercial Real Estate Buyers Flock to U.S. Hospitality Sector

As society becomes more globalized, people are traveling more – whether for work or pleasure. By some estimates, global travel is going to increase by 35% over the next decade. This has been a boon to commercial real estate’s hospitality sector, particularly here in the United States. Foreign commercial real estate  investors have picked up on the opportunity hospitality offers as an asset class, and in recent years, have started flocking to this market segment.

In 2015, U.S hotel transactions exceeded $43 billion. During the first three quarters of 2015 alone, foreign investors pumped $6.3 billion into hotel investments—or 20% of total deal volume. The amount of cross-border capital flowing to the hospitality sector was up 165% year over year.

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Lucro Announces Key Appointments

Cornell PhD Physicist and former J.P. Morgan and Textura Corporation professionals to lead company’s development and growth of its suite of financial-modeling tools

(CHICAGO – June 21, 2017) – Lucro, a provider of modern financial modeling solutions for commercial real estate investing, announces the appointments of Colin Jermain as Data Scientist, T.K. MacKay as VP of Sales, and William Haeger as Analyst. The new Lucro additions will be responsible for product development, new client acquisition and revenue growth.

“Colin and William bring great data analysis and technical expertise; T.K. brings a wealth of sales experience; and all three bring proven track records of results that make them great assets to the Lucro team,” said Brian Axline, founder and CEO, Lucro. “Their valuable combination of Fortune 50 experience and hands-on leadership will certainly position Lucro for growth and success as we soon publicly launch our suite of financial-modeling tools.”

Colin Jermain officially joins Lucro after being a technical advisor and consultant for the company since its inception. He brings over ten years of experience in application development, infrastructure design, and data science. Prior to Lucro, Jermain was a Graduate Research Assistant at Cornell University, where he built machine learning models and data acquisition software to push the state of the art in spintronics physics research. Jermain holds a Bachelor’s Degree in Physics and Minor in Computer Science from the University of Massachusetts, Amherst and a Doctor of Philosophy (Ph.D.) in Physics from Cornell University.

Prior to joining Lucro, T.K. MacKay served as Senior Manager of Global Client Services for Textura Corporation for over ten years, where he helped grow sales from $800,000 to $90 million before being acquired by Oracle. Before Textura, he worked as an Equities Analyst for Morningstar, Inc. and a Floor/Filling Clerk and CME Group. MacKay holds a Bachelor’s Degree in English from Trinity College-Hartford and Masters Business Administration in Finance, Entrepreneurship from The University of Chicago Booth School of Business.

William Haeger joins Lucro after holding multiple product and operations positions at J.P. Morgan Asset Management in New York. Haeger was responsible for performing market research to determine competitive fees and product offerings for the Private Bank’s mutual fund business. He also collaborated with technology teams to automate the aggregation of the data used in the Private Bank’s annual Dodd-Frank certification. Haeger holds a Bachelor’s Degree in Economics from Tufts University.

Lucro is currently seeking a VP of Engineering to manage its core products and acquire additional software development talent. To learn more about Lucro, please visit www.getlucro.com.

About Lucro

Lucro provides modern financial modeling collaboration solutions for commercial real estate investing that enable real estate professionals to spend less time crunching the numbers and more time getting deals done. Because Lucro is a complete solution, users can model any asset class (office, retail, industrial, apartments/multi-family, hospitality, etc.), under any investment hypothesis (core, value add, development, etc.), and analyze income, expenses and capital structure all on one platform. Built with the level of quality and sophistication that Wall Street expects, Lucro automates a once arduous task, standardizes the presentation of financials, and provides rich data visualization. For more information, visit www.getlucro.com and follow us on Twitter at @LucroApp.

Innovation & Entertainment- The Future of Malls in America

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The future of American malls is in limbo, or so it seems. Since 2016 more than 1,500 stores have been slated to close by JCPenney, Macy’s, Sears, American Apparel, The Limited, and Abercrombie & Fitch. The trend is nothing new, customer traffic started to slow more than a decade ago,  leading to many large department stores abandoning their leases. As the malls lost their largest revenue generators, they began to fail.

Some department stores are going out of business altogether, like The Limited which recently shut down all 250 of its stores.Others, like Sears and JCPenney, are aggressively reducing their store counts to unload unprofitable locations and stem the bleeding. Sears is shutting down about 10% of its Sears and Kmart locations, or 150 stores, and JCPenney is shutting down about 14% of its locations, or 138 stores.

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How Rising Sea Levels are Impacting Miami’s Commercial Real Estate Market

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The inconvenient truths of climate change are no longer a minor inconvenience for south Floridians. Sea levels have risen an average of one inch per year in the Miami area– causing a dramatic shift in the local political and real estate climates. Estimates vary greatly on how much sea levels in southeast Florida will rise in the upcoming years. Conservative predictions project as little as two feet, with more comprehensive models projecting as much as six feet by 2060. The Florida Keys, for example, sit just six inches above sea level in some areas, while most of Miami’s prime South Beach real estate sits just four feet above the sea.

Comprehensive models, which were explored in a 2015 study by Princeton and Potsdam University professors, take into consideration established relationships between greenhouse gas emissions and previously unexplored connections between sea warming and sea level increases. The study 2015 effectively illustrates the compounding effect of rising sea levels, a notion prevalent in the science community.

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South Side Chicago’s Hottest Commercial Real Estate Deal Uses Historic Tax Credits To Reduce Capital Costs

South Side Chicago’s Hottest Commercial Real Estate Deal Uses Historic Tax Credits To Reduce Capital Costs

Trained as an architect and armed with an MBA from Cornell’s S.C. Johnson School of Management, Ryan Folger cut his teeth in Chicago on a project called The Roosevelt Collection. Working as the Director of Construction, he oversaw the development of the 1,200 space three level parking structure, 400,000 square feet of retail space, 342 condos, and the largest cinema in Chicago featuring a cocktail lounge, VIP section, and 16 screens.

When the financial crisis slowed development in Chicago, Mr. Folger took a position as VP of Operations for Altisource Asset Management Corporation which during his tenure acquired a portfolio worth more than $1 billion. In 2016. Folger returned to Chicago and formed Anexis Development to specialize in identifying unique opportunities in underutilized locations while providing increased returns to investors. His latest project, the Federal Street Lofts, is a 64,000 sq ft. loft conversion on the South Side of Chicago a short walk from  McCormick Place. With 12,000 square feet of office space and 24 residential units, the new development presents a tremendous opportunity for Anexis and it’s investors through the use of historic tax credits.

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Lucro Announces New Promotion for ARGUS Valuation DCF Customers

Promotion enables real estate professionals to make a seamless transition to Lucro’s suite of financial-modeling tools that enable efficient deal and portfolio analysis for real estate investment

(CHICAGO – December 20, 2016) – Lucro, a provider of modern financial modeling solutions for commercial real estate investing, announces a promotion for ARGUS Valuation DCF™ customers. Considering ARGUS’ forced migration to ARGUS Enterprise with DCF support ending June 30, 2017, Lucro’s promotion offers a cost-effective alternative, 30 percent discount on an annual subscription, and a seamless transition to Lucro’s suite of easy-to-use, financial-modeling tools that enable efficient deal and portfolio analysis for real estate investment. The promotion is immediately available through March 31, 2017.

By replacing their legacy Argus products with Lucro’s financial modeling solution, real estate professionals can quickly create a financial model in any asset class (office, retail, industrial, apartments/multi-family, hospitality, etc.), under any investment hypothesis (core, value add, development, etc.), with no coding required. Because Lucro is a complete solution, users can analyze income, expenses and capital structure all on the Lucro platform, eliminating the need to go back and forth between separate tools. Lucro also enables users to mine their own historical data that previously would reside in various independent files, providing real-time insights. Lucro offers visibility into cash flows through multiple layers of debt and equity, as well as, the ability to analyze a deal over multiple assumption sets. Users can also add deals to portfolios to highlight consolidated financials and Net Asset Value (NAV), and collaborate with other stakeholders with version control.

“90 percent of the market is underserved, using either Excel or a combination of Excel and ARGUS, making real estate forecasting inefficient, error-prone, extremely time intensive and confined to certain types of asset classes,” said Brian Axline, founder and CEO, Lucro. “Lucro is a collaborative solution built for real estate professionals that builds financial models with the level of quality and sophistication that Wall Street expects, yet is simple enough to enable users to spend less time crunching the numbers and more time getting deals done. Where forecasting cash flow for a 30-unit office building using current tools and processes used to take more than 60 man hours, it can take just four man hours with Lucro.”

“Lucro provides best-in-class deal evaluation and collaboration software with an intuitive user experience that can be utilized across all property types. It is hands down better than any alternative I have come across,” said Lamar Newburn, Managing Broker at Sett Properties, and Lucro beta customer.

Developed by real estate professionals, technologists and designers with decades of combined experience, Lucro offers brokers, developers, investors, lenders, appraisers, managers and other real estate professionals key benefits including:

  • Complete solution – Model any asset class (office, retail, industrial, apartments/multi-family, hospitality, etc.), under any investment hypothesis (core, value add, development, etc.), and analyze income, expenses and capital structure all on one platform.
  • Market intelligence – Harness historical data that previously would reside in various independent files, providing real-time insights.
  • Built for real-time collaboration – Easily share and edit financial models in real-time with other deal stakeholders with version control; if a user makes a change to a model, the update is immediately made available to all other stakeholders.

Lucro’s promotion is immediately available through March 31, 2017. For more information or to get started, visit http://getlucro.com/argus-dcf-switch. To learn more about Lucro, please visit www.getlucro.com.

 

About Lucro

Lucro provides modern financial modeling collaboration solutions for commercial real estate investing that enable real estate professionals to spend less time crunching the numbers and more time getting deals done. Because Lucro is a complete solution, users can model any asset class (office, retail, industrial, apartments/multi-family, hospitality, etc.), under any investment hypothesis (core, value add, development, etc.), and analyze income, expenses and capital structure all on one platform. Built with the level of quality and sophistication that Wall Street expects, Lucro automates a once arduous task, standardizes the presentation of financials, and provides rich data visualization. For more information, visit www.getlucro.com and follow us on Twitter at @LucroApp.

Bootstrapping in America Interview

Check out Lucro’s CEO, Brian Axline, on Bootstrapping in America.

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Catapult Chicago

Real Estate Tech firm, Lucro, joins Catapult Chicago

Lucro, a real-estate technology firm that is reinventing the way professionals collaborate on real-estate investments, joins the ranks of Page Vault, Rent Like A Champion and Rippleshot at Catapult Chicago – a peer-selected community of tech startups.

Lucro aims to save its customers 90% of their time when analyzing an investment in real estate. It’s been growing rapidly since its inception in October 2015, cultivating novel features that automate financial-model creation and streamline the deal process. Founder and CEO, Brian Axline, set the trajectory for the Lucro team to design a collaborative tool that enables access to market intelligence for all asset classes and presents complex transactions in a transparent way.

Catapult Chicago

Catapult’s Tight-knit Community

“Lucro is a natural fit at Catapult,” says April Lane, Catapult’s Executive Director. “They are a growing company with a top notch founder and team, offering a game-changing tech platform for commercial real estate professionals.”

Lucro’s technology appeals to both institutional, real-estate investors and house-flipping, weekend warriors. Axline is passionate about making this technology accessible and beneficial to anyone who wants to get involved in real estate. By doing away with manual input and a clunky two-step analytical process, characteristic of its predecessors, Lucro introduces a level of intuitive simplicity and ease-of-use that is unequalled in this market.

Thrilled about the company’s new membership with Catapult, Axline muses, “Catapult seats us in the trenches with other companies facing the same challenges; the result being that we can utilize valuable resources, maximize visibility into the capital markets, and scale gracefully, all while in the company of non-competing peers and mentors.”

Joining the community at Catapult Chicago, an outfit that has successfully scaled, accelerated, and mentored over 35 startups (90% of which remain operating), is just another exciting benchmark for Lucro.

Find out more about Catapult on their website http://www.catapultchicago.com or follow them on twitter at @CatapultChi

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