News Updates

Single-Family Build-To-Rent Investment Platform Launches

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Lafayette Real Estate has teamed up with Guardian Residential to create an investment platform that focuses solely on the acquisition and development of newly constructed homes for the purpose of long-term rentals. The new firm will be known as Lafayette Communities. It will be led by Thibault Adrien, current CEO of Lafayette Real Estate, and Dennis Cisterna III, current CEO of Guardian Residential. Both are long-time industry executives in the

World’s First Closing Automation Platform for Lenders Launches

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Notarize, the first company to enable an entirely online real estate closing process, introduced the world’s first closing automation platform on June 5. With the introduction of this platform, Notarize is pioneering the ability for anyone to buy, sell or finance their home entirely online. The platform can accommodate every type of closing—from fully online to hybrid closings. The first is a fully automated, entirely digital experience that helps homebuyers

HomeLight Acquires Eave

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Real estate technology platform HomeLight, based in San Francisco, has acquired Eave, a digital mortgage startup with a proprietary software platform that automates 70 percent of the mortgage process. Additionally, HomeLight has launched a home loans division that will operate in six states, including California, Colorado, Washington, Oregon, Pennsylvania and Texas. HomeLight is a resource for home sellers and buyers who use its Agent Matching service to hire real estate

U.S. foreclosures down 13% in April 2019

U.S. Foreclosure Activity Decreases 13 Percent in April 2019

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ATTOM Data Solutions’ April 2019 U.S. Foreclosure Market Report shows that foreclosure filings—default notices, scheduled auctions and bank repossessions—were reported on 55,646 U.S. properties in April 2019. That’s a 5% drop from March and a 13% decrease from a year ago. It marked the 10th consecutive month with an annual decline. “While overall foreclosure activity is down nationwide, there are still parts of the country that we need to keep

CrowdStreet Surpasses $500 Million in Online Investments

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CrowdStreet, a Portland, Oregon-based technology provider with an online marketplace for direct equity investment in commercial real estate, crossed the $500 million threshold in total online investments in March. The news accompanies a record quarter in which CrowdStreet saw individuals invest more than $75 million in commercial real estate deals. Since April 2014, the company has seen more than $525 million invested in office, multifamily, hotel, retail and industrial deals

New Millennium Trust API Designed to Increase Access to Investments

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Millennium Trust Company has launched an API that is designed to allow investment sponsors and advisor systems to reduce processing times, control the user experience and increase transaction volumes. Millennium Trust is a provider of specialized retirement and institutional custody solutions. The new API enables investment platforms and advisor systems to integrate with Millennium Trust’s custody services. The API provides investment sponsors with the ability to allow their clients access