How Property Developers Can Harness the Power of Data

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How Property Developers Can Harness the Power of Data

Big data has become ubiquitous, and it’s informing decisions across almost every industry. That doesn’t mean using it is easier. In commercial property development, like many other spheres, business leaders are coming to the same realization: Collecting big data is far easier than analyzing and using it to fuel progress.
 
Developers are right to aggressively pursue the insights offered by big data. They can identify and capitalize on trends or leave money on the table. However, the competitive nature of commercial development would suggest against the latter. The good news is that advancements in technology make analyzing big data easier than ever before.
 
Demystifying Big Data
 
Artificial intelligence, in particular, is helping developers analyze millions of data points that inform how well a location will do over time. With sophisticated software weighing risks and calculating potential returns, developers can spot investment opportunities with a higher degree of accuracy than ever before.
 
By relying on relatively affordable software instead of expensive third-party data analysts, developers can bring formerly outsourced roles in-house. With this change, leaders gain additional control over the data analysis process while saving large amounts of capital for reinvestment.
 
One of our clients recently approached SharePoint with a similar set of goals in mind. It was looking to increase employee productivity, secure and organize decades’ worth of on-premise data, and improve collaboration with clients. By incorporating smart data management tactics with intranet sites, we were able to help the client keep valuable data in one……

Discovery Village at Naples Delivers 175 Brand New Independent Living Residences in Florida

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BONITA SPRINGS, FL – Discovery Village At Naples has announced that the first pre-leasing opportunities for its state-of-the-art Active Independent Living community are now available. Early lessees will be named “Charter Members,” and will take advantage of specially discounted pricing, first-choice apartment home selection, and a host of member-only perks.  The 175-apartment Independent Living community will offer one-, two-, and three-bedroom luxury residences, a stylish Grande Clubhouse featuring multiple indoor and al fresco dining options, a zero-entry resort-style pool with covered cabanas, an innovative FitCamp Fitness Center with personalized training, plus a host of other luxurious amenities promising to deliver the ultimate maintenance-free senior lifestyle in the heart of Naples.“We are supremely excited to bring to Southwest Florida this cutting-edge community, which will blend innovative, state-of-the-art features with a host of exclusive lifestyle programs to create a personalized, resident-focused experience that caters to discerning, active seniors,” said Richard Hutchinson, CEO, Discovery Senior Living.Other programs and amenities set to roll out at Discovery Village At Naples include a Discovery Silver Cinema Movie Theater, professional beauty salon and spa with barber shop and massage, and a revolutionary Flex-Choice spending program which affords residents the freedom to bundle personalized, a la carte services with their unique needs, lifestyle, and budget in mind.Construction of Discovery Village At Naples’ Active Independent Living community represents a $60 million capital investment and will create over 170 jobs during the construction of the 198,000-square-foot community. Completion of construction is expected by summer 2020.  Architectural Concepts, under the leadership of Bo Russ, designed the community, and Wegman Design Group principal, Lori Wegman, provided the creative and strategic interior design solutions.The Henning Group is the general building construction management firm in charge of construction, with Key Bank the construction financing partner.

Lima One Capital Provides Financing for 216-Bed Student Living Portfolio in Tallahassee, Florida

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GREENVILLE, SC – Lima One Capital, the nation’s premier lender for real estate investors, recently financed a 108-unit, 216 bed, student living portfolio in Tallahassee, Fla. This large-scale investment was underwritten and funded within 16 days and further establishes the company’s overall growth in the multifamily investment space.This project is a prime example of Lima One Capital’s competitive advantage in this evolving sector through their efficient process, streamlined underwriting, and elite customer service for small balance and middle market multifamily deals. The investors came to Lima One Capital needing to close quickly after their current lender was unable to meet their purchase deadline.“Student living deals take on an entirely new risk profile,” said Brian Cauthen, Lima One Capital’s director of multifamily and commercial financing. “Most traditional lenders aren’t able to streamline the underwrite due to the nuances of value alpha as it relates to deal-specific risks. When we looked at the properties in Tallahassee, we gathered specific knowledge of the advantages and worked together with the sponsors who had significant expertise.”Since launching the multifamily program in the fall of 2016, Lima One Capital has financed small and middle-market multifamily deals across the country. In addition to multifamily financing in 45 states, Lima One Capital also offers FixNFlip and Rentalproperty financing nationwide.“The deal was to gain more coverage in proximity to ‘college town,’ a newer development of student living and dining which has seen unprecedented growth over the last five years,” said Diane Sugrue, Lima One’s senior analyst. “It created a ‘location arbitrage’ that would be easy to overlook. Fortunately, between the sponsors experience along with Lima One’s familiarity to the market, we were able to streamline the approval and ultimately close in record time.”

365 Connect Introduces Multifamily Industry-First Certified ADA Accessible Resident Lifecycle Platform

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NEW ORLEANS, LA – 365 Connect, a leading provider of award-winning marketing, leasing and resident technology platforms for the multifamily housing industry, announced its platform-wide ADA Accessibility Certification today at the National Apartment Association Apartmentalize Conference in Denver, Colorado. This industry-first certification demonstrates 365 Connect’s dedication in meeting the rapidly changing needs of the multifamily housing industry.Website accessibility has become a highly discussed topic in the multifamily housing space and beyond. Many legal experts interpret the Americans with Disabilities Act (ADA) to extend to online services since the comprehensive civil rights law mandates that places of public accommodation remove any access barriers that would inhibit a person with disabilities from accessing goods or services. Since websites exist within the public domain, many judicial authorities have agreed with this interpretation of the law, and a number of states have passed legislation and published guidance concerning ADA website compliance.“Over a billion people, approximately 15 percent of the world’s population, have some form of a disability that makes accessing the web difficult,” stated Kerry W. Kirby, CEO of 365 Connect. “We live in an interconnected world, one that is reliant on the internet to deliver information, services and resources through multiple online channels. As physical buildings become more digitally dependent on their websites to transact and interact with both prospective and existing customers, these services must be accessible to everyone, including individuals with disabilities.”365 Connect received third-party certification from Online ADAa member of the International Association of Accessibility Professionals and provider of independent Web Content Accessibility Guidelines (WCAG) compliance audits. Recognized as a national authority on digital accessibility, Online ADA has assisted thousands of organizations, including Walmart, Chrysler, California State Parks and an array of governmental agencies and municipalities in increasing their digital accessibility. The certification covers the entire 365 Connect Platform, including property websites, lead forms, tour requests, rental applications, portals and payments. The platform has been certified as digitally compliant in accordance with the federally recognized WCAG at Level AA.“We believe in digital inclusion and are committed to providing services that are accessible to the widest possible audience,” Kirby concluded. “Today, we have made a giant step forward, edging the highly regulated world of rental housing into the 21st century. We are excited to deliver the first certified ADA accessible platform to the multifamily housing industry.”With an array of highly coveted technology awards365 Connect continues to revolutionize the multifamily housing industry with a dynamic platform built on modern-cloud architecture and flexible infrastructure. The platform consumes, integrates and displays data in order to streamline operations without sacrificing a seamless user experience. Today, many of the nation’s most respected multifamily housing operators utilize 365 Connect to unify processes and create efficient workflows.To learn more about ADA compliant apartment websites, schedule a demo with 365 Connect.