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Announcing Atlanta’s Leading Property Management Company, Beacon…

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Beacon Management Services is the leader in property management in Atlanta. Beacon is proud to announce that it has surpassed over $5 billion of real estate managed, achieved 10 years of double-digit growth and reached over $32 million in capital investments. Beacon is proud of its growth and heritage, but above all, proud of its ongoing commitment to guide each client so that each and every community board and HOA feels supported and well managed.

Of all the Atlanta property management companies, Beacon Management Services is the only company that provides true community property management services in Atlanta – as a genuine partner and guide through thick and thin.

“We do not shy away from the hard work, instead we embrace it and aim to provide the best service possible to each of our clients, no matter the task at hand.” – Steve Weibel, CEO

For example, one of its new property management clients trusts Beacon to manage 8 of their buildings, which consists of 225 individual units. From the start of this new endeavor, Steve knew this would be a challenging partnership because there were some long standing issues that had faced neglect and misdirection for the properties. When Beacon Management Services recently took over management of the properties, there was a 10-year backlog of maintenance as well as an association board needing help in navigating some important projects within the community. “Despite the uphill battle, we leaned into the work, rolled up our sleeves, and had frank conversations with the board and HOA,” says Steve Weibel when asked about the experience.

After Beacon Management Services conducted the initial research for this recent development, laid out a fresh plan for moving forward, and guided the board through the process, the property has not only been fixed up, but also gained a fresh new life to make it more contemporary. As a result, property values have now significantly increased, and Beacon has a glowing relationship with the board. It is this kind of work that Beacons brings to each and every client who commissions HOA property management services in Atlanta.

As this recent endeavor shows, Beacon understands how to properly work with HOA boards and navigate the many intricacies of those relationships. With leadership from Chief Executive Officer, Steve Weibel, and based on many years of experience, Beacon has come to understand the true breadth and variety of backgrounds and skills that board members bring to the mix while working together.

As one of the premier property community association management companies in Atlanta, Beacon Management Services have seen all kinds of different communities with many different types of boards and HOAs. Each property is unique in its own way, and there are always a lot of different personalities and working styles in the mix. Because of the sheer volume of properties it manages currently in Atlanta, along with many historical management contracts, Beacon has become adept at working with any kind of board so that the property is ultimately better off and running smoothly – as it should be.

Beacon Management Services has stepped into scenarios like this most recent accomplishment where board members often do not get along well at all, and this has caused some major problems. With many years of property management experience, the key is to properly guide these board members toward shared goals and to overcome any difference in opinion, for a better outcome. Hence this recent success.

There are a significant number of HOA boards who get overwhelmed at the responsibility and the work involved with proper management of their own properties. Seeing these folks pull back from the problems they face, often results in some contentious situations. But, because Beacon emphasizes the culture of “leaning into the work” to get things done, it is able to overcome these challenges with flying colors, as proven with the latest properties. The process goes beyond simply working for the boards, instead, Beacon is a true partner which means also training HOA boards who need education and guiding individuals when necessary to do what needs to be done for success in the long term.

Because it is Beacon’s intention to truly partner with boards and HOAs, it has also weighed in on fiduciary responsibilities for recent properties. This means regular meetings with homeowners to discuss equity and financial planning, as well as meeting with attorneys to outline more favorable terms and alternative contracts that favor clients. As a result, everything is focused on being the best community association property management firm in Atlanta. Like Steve Weibel says, “We roll up our sleeves on a daily basis to get the work done.”

A commitment to excellence is the unique value proposition for Beacon Property Management Services. One of the biggest challenges lately in the industry is often the boards’ perception of the business. Beacon always aims to break away from the shortcomings of its predecessors and has done this by highlighting a culture of dedication and service across every property managed. Steve puts it best, “we know that trust needs to be earned, and we work every day to ensure we are providing value for our HOA clients.” This is essential for existing and new clients, especially for boards who have dealt with lackluster and subpar property management companies in the past. Beacon Management Services casts a bright light on its working process and cultivates transparency for every area of the business in order to build trust and respect with HOA clients.

As shown with these latest milestones, Beacon is more than just another property management or advisory company, or condominium management company in Atlanta. Everyone at Beacon Management Services cares deeply about HOA clients and is dedicated to leaning into every situation, like the most recent success outlined above, with hard work and expertise to do the job well.

Every HOA client knows how much Beacon values service and integrity and is determined to reach success in the long-term. Beacon takes every job very seriously because that is what counts.

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Source: https://www.prweb.com/releases/announcing_atlanta_s_leading_property_management_company_beacon_property_management_achieves_10_years_of_double_digit_growth_stands/prweb17962930.htm

Blockchain

Miami real estate firm accepts crypto deposits for condos after conference

Driven by momentum from the Miami Bitcoin event, luxury condo development E11EVEN Hotel and Residences has already secured its first crypto deposit.

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Miami-based E11EVEN Hotel and Residences is claiming to be the first real estate company to allow deposits for property purchases in the form of cryptocurrency.

Speaking to Fox Business, company and condominium project co-founder, Marc Roberts, stated the enthusiasm for crypto has been “really astounding”.

Roberts noted that local interest in crypto assets had piqued amid the recent Bitcoin Miami conference — which took place earlier this month and drew crowds of approximately 50,000 according to its organizers.

He noted there has been a “tremendous response” to E11EVEN’s announced support for crypto, adding it had already collected its first deposit in crypto before officially announcing it would accept digital assets.

Roberts added that E11EVEN is now roughly one month away from collecting its second crypto deposit, predicting the down payment will be worth between 10% and 15% of the property’s sale price.

The company offers plush high-rise residences in Miami’s Park West district. Prices for the lavish units start at $377,400, according to real estate agent Miami Residential. The 65 story condominium has 375 units, with the penthouse expecting to fetch as much as $10 million.

Roberts described supporting crypto as one the firm’s “greatest decisions,” warning: “those that don’t embrace [crypto] will be left behind:”

“I think the whole movement is trending towards more buyers paying in crypto and we are very excited to be the first people to take cryptocurrency for deposits on real estate.”

Related: DJ David Guetta puts luxury Miami pad up for sale, will accept 380 Bitcoin for it

The real estate mogul acknowledged the volatile nature of digital assets, but was confident that the younger generation is unperturbed by price fluctuations and have already embraced digital assets.

When asked if he immediately liquidates crypto deposits to eliminate the volatility, Roberts offered little clarity, stating: “It’s all so new and we’re studying and we’re trying to embrace the movement.”

In mid-May, Cointelegraph reported that investors could buy luxury apartments in Portugal using Dogecoin among other digital assets.

Also in May, it was reported that Miami’s Arte Surfside luxury apartments, home to Ivanka Trump, were accepting payment for real estate in multiple cryptocurrencies including Bitcoin and Ethereum.

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Source: https://cointelegraph.com/news/miami-real-estate-firm-accepts-crypto-deposits-for-condos-after-conference

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Crowdfunding

Build to Rent Investor Amro Partners Establishes VC Division to Invest in Proptech, Fintech Initiatives

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Amro Partners, the leading Build to Rent and PBSA investor and operator, has introduced a Venture Capital division that aims to invest in transformational Proptech and Fintech initiatives that address major pain points and promote new, customer-focused business models.

Supported by a family office, Amro is looking to make several strategic investments during the next twelve months. The company says it will mainly focus on technology initiatives that make a considerable impact on the built environment space, which includes carbon reduction and sequestration, waste management, financial inclusion and customer-focused models that enhance the user experience (UX).

The company further noted that it will be working as co-investors and strategic advisors, offering deep industry knowledge and the chance to test out MPV (Minimum Viable Products) in the residential living sector.

Amro’s first investment in the residential property transaction platform Coadjute should help with reducing or eliminating inefficiencies in residential property transactions by digitally connecting purchasers, sellers, estate agents, conveyancers, surveyors, mortgage brokers, and lenders.

By leveraging blockchain or distributed ledger tech (DLT), Coadjute lets all parties involved in a property transaction share relevant data and documents in a secure manner via their software, which helps lower costs, while also reducing the risk of fall-throughs and expediting the process of purchasing and selling homes.

After several successful pilots, the Pre Series A funding round should enable Coadjute to make investments in its B2B SaaS team while also supporting the gear up to launch in the summer months of this year.

Ami Kotecha, Head of Venture Investments at Amro Partners and Director on the Board of the UK Proptech Association, stated:

“Customer and end-user experience is a key theme of our venture investment strategy, and our investment in Coadjute encapsulates that commitment. There are around one million transactions in the UK housing market every year, with a home being the single largest asset for many people. A vast majority of those transactions are conducted using semi-automated, duplicative processes that make buying or selling property expensive and fraught with friction and risk. In addition to our capital investment, we look forward to supporting Coadjute with residential sector insights and industry-wide connections.”

Dan Salmons, CEO at Coadjute, remarked:

“I’m delighted to have Amro Partners joining our panel of investors in Coadjute. With their deep expertise in the property market, they bring first-hand knowledge of the industry and share our passion for making the process of buying and selling property radically better through digital connectivity. We look forward to working together with Ami, Raj and their team over the coming months as we launch and scale our unique blockchain network.”

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Source: https://www.crowdfundinsider.com/2021/06/176587-build-to-rent-investor-amro-partners-establishes-vc-division-to-invest-in-proptech-fintech-initiatives/

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IOT

Changing the Commercial Property Insurance Market with IoT

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Commercial Real Estate
Illustration: © IoT For All

The Internet of Things (IoT) is a network of different smart devices, other times called ‘things’ that connect to the internet to provide 24/7, instant, and reliable data sharing. IoT refers to various kinds of technologies being used today, such as smartwatches or self-driving cars that use the internet to relay information back to their manufacturers. This cloud-based technology also offers instant updates and notifications to insurance companies and their customers. Currently, over 26 billion devices are connected worldwide, and this number is predicted to continue increasing exponentially.

For the commercial property insurance market, IoT can greatly advance the way insurance services are priced. With additional big data analysis, businesses can better evaluate potential risks and provide more efficient services to their customers. Read on to understand how technology and IoT are changing the commercial property insurance market.

Insurers Can Offer Better Coverage at Reduced Costs

Insurance companies are always looking for new ways to expand their products, offer better coverage, and maintain low premiums to attract more customers. With the way technology has advanced, data has become power, and with that power comes revenue. One of the biggest limitations commercial insurance has been prone to over the last 200 years is the lack of capability to monitor and provide information in real-time to both customers and insurers.

Many insurance companies are taking advantage of drone and smart building technology to manage their security interests. Newer technology for commercial property insurance also uses sensors on buildings that monitor fluctuations in the movement of the earth, predicting possible natural disasters. This type of data collection and analysis allows the insurance companies to manage better and regulate risks, which can help lower premiums because potential pay-outs can be calculated.

Privacy and Security Issues May Arise

A benefit of utilizing IoT in business is that easy access to vast amounts of information and statistical analysis can help predict and foresee possible future events. This can assist with a more effective operation for many industries, as even overhead costs and potential losses can be better projected for the customer and insurer.

A major issue that commercial property insurance companies face is the access and protection of customers’ data. Insurance policies will need to be amended as IoT is implemented to ensure that the customer understands what information may be collected and stored. The policy will also need to consider if the information belongs to the insurance company or the customer. Strict confidentiality and privacy rules will be required to protect the customer at all costs.

With privacy in mind, now more than ever, people are vulnerable to cybersecurity attacks and hacks by those trying to gain access to another person’s personal information. Major investments into cybersecurity protection will be a high yet essential cost if insurance companies want to remain in business.

Collaboration with Technology Experts Will Increase

The only way for commercial property and other insurance companies to remain in the industry is to partner with technology’s latest organizations and initiatives. This may include smartwatch technology worn by those working in a commercial property or even smart building features that regulate heating and air conditioning. Regular devices such as these installed in commercial buildings have become so smart that the device can tell when the property is empty, and HVAC systems can be turned off. Additionally, if the building is too hot or cold, the device can regulate the temperature before employees enter the building.

Insurers are now able to warn customers of potential losses that may happen due to various reasons. They can also provide a much-improved customer service experience because potential risks can be predicted and managed long before they happen. There is still a lot to be researched as IoT gains popularity. Still, the way commercial property insurance works will be changed forever as information sharing and connection with data and smart devices evolve.

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Source: https://www.iotforall.com/changing-the-commercial-property-insurance-market-with-iot

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Private Equity

LPs hungry to up PE exposure amid records returns – but picking the right funds remains tough: Coller Capital Barometer

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The majority of institutional investors are gunning to commit to private equity amid the current climate – but poo

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Source: https://www.altassets.net/private-equity-news/by-pe-sector/venturegrowth/lps-hungry-to-up-pe-exposure-amid-records-returns-but-picking-the-right-funds-remains-tough-coller-capital-barometer.html

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