Jun, 05
2020
Business, Free News Articles, Real Estate

Going, Going, Gone: Established Real Estate Agent Leaves Brokerage World During a Pandemic to Embrace the Advantages of Auctions

CHESAPEAKE, Va. -- In a pandemic-ravaged economy that's left few industries untouched - with many having had to completely rethink and reorient operations within a short window of time - one might question why someone would leave an established career to set off on a new venture. However, that's exactly what Seth A. White chose to do, noted real estate auction firm Tranzon Fox has announced today.

Five years into a career as an agent for two of the leading residential real estate brokerage firms in Hampton Roads, during which time he handled transactions that reached eye-watering highs of nearly $2 million for waterfront homes - something many agents still dream of achieving - he was seeking a chance to better differentiate himself and an opportunity that would allow him to lean into the wind-buffeted economy, rather than push against it.

Although he had previously explored the possibility of immersing himself in the real estate auction business, partly because it would enable him to continue representing residential clients while also stepping into the commercial realm, he ultimately decided it was not the right time.

"I continued to see the value in having the opportunity to serve my clients with an accelerated sale process using focused marketing that would ensure an asset yielded a price in line with its current market value. And sellers love the as-is purchase contracts that typify the auction business," said White, Tranzon Fox's newest auction associate.

So, in the turbulent present, in which some industries have been hammered relentlessly while a few have prospered, and Wall Street is up substantially one day and down the next, leaving values of many assets less clear, Mr. White decided this was the time to embrace auctions. "There's obviously a large advantage in being able to sell a property for the highest possible price in the shortest reasonable period of time through a transparent bidding process. Many private sellers choose it for its efficiency, but, of course, I will also be able to assist in foreclosures, bankruptcies, and other situations of distress and duress, when efficiency and time are not just optional, but mandated," he said. Furthermore, Mr. White knows that, "time is money, and executing for my clients will become ever more important as we navigate through these delicate periods of time."

Ultimately, what convinced White was Tranzon Fox's established ability to sell and close or obtain ratified contracts on a variety of properties during the pandemic era, from the low-end, to a $3 million-plus veterinary hospital / boarding / grooming facility. This includes asset types that have been hammered of late, namely retail and restaurants.

"They're still getting deals done, and I want to be a part of that," White said. "Now is the time."

About Tranzon:

In 2000, a group of real estate auctioneers banded together to create Tranzon, LLC, a nationwide network that revolutionized the way real estate professionals bring buyers and sellers together. Today, the Tranzon team features some of the most experienced real estate, marketing, and auction professionals in the business. Using Tranzon's Market-Making System(tm), a proven methodology for the accelerated sale of property, the company has conducted tens of thousands of successful commercial and residential auctions for clients including financial institutions, trusts, guardians, estates, and private individuals. All Tranzon companies are independently owned and operated.

Learn more at: https://www.tranzon.com/

LOGO link for media: https://www.Send2Press.com/300dpi/20-0605s2p-tranzon-logo-300dpi.jpg

Related link: https://www.tranzon.com/

This news story was published by the Neotrope® News Network - all rights reserved.

Jun, 04
2020
Business, Free News Articles, Real Estate

George Koser Joins Realty ONE Group Restore Leadership Team

COLLEGEVILLE, Pa. -- Realty ONE Group Restore is proud to announce the recent hiring of George Koser to the leadership team. George will be working out of the Blue Bell and Conshohocken offices as the company's first Non-Selling Sales Manager. In his role, he will play an integral role in supporting the company's real estate agents to work smarter, not harder, and grow their businesses.

With more than 35+ years of experience in real estate and close to $3 billion in managed closed sales business, George has the experience and fervor to become a trusted team leader and help agents with viable marketing, training, and support that will make a true impact. Working with some of the most well-known real estate companies in the industry, George's previous roles and experience will help him be successful at Realty ONE Group Restore.

When asked why he chose to join Realty ONE Group Restore, George explained that the appeal was in the opportunity to work with a motivated, supportive company versus the type of culture that exists within the large corporate conglomerates.

"Ultimately, agents have the opportunity to make more money at ROG. The company focuses on offering autonomy, but also real-life, helpful guidance and support that others claim to offer, but don't actually offer. I've been there. I have firsthand experience and know what the agents need. I am here to give that support and guidance."

George said he was excited to help lead the charge and work with a company that has a focus on technology, something that agents need more and more, especially in the current state of the environment.

"ROG has the technology and the support agents need - and they encourage everyone to take advantage of it. Agents are given tools that will help them run their business at a high level, even in the midst of a pandemic. That's the kind of support you want from a company. You want to feel like someone has your back, not just eyes on your pocket."

Through George's 35+ years of experience, he has worked at major real estate companies including Century 21 Alliance, Berkshire Hathaway Home Services Fox & Roach Realtors, and most recently, Weichert Realtors as a sales manager. From being a broker and owner to vice president and sales manager, George's experience is unmatched and his credibility is as solid as they come.

About Realty ONE Group Restore

Founded in 2019, Realty ONE Group Restore based in Collegeville, PA is an industry disruptor, radically changing the face of real estate with its unique business model, fun coolture, technology infrastructure and superior support for its real estate professionals. Realty ONE Group Restore is surging ahead, opening doors, not only for its clients but for real estate professionals.

To learn more, visit http://www.rogrestore.com/.

Related link: http://www.rogrestore.com/

This news story was published by the Neotrope® News Network - all rights reserved.

May, 28
2020
Business, Free News Articles, Real Estate, Reports and Studies

The 2020 Black Hole Recession – COVID-19 Effect on Metro Denver Home Values

DENVER, Colo. -- Clear Realty and their real estate technology division Sell-Star released today an in-depth report on how the economic freefall triggered by fear of death from COVID-19 instantly formed the 2020 Black Hole Recession and now affects Metro Denver home values and the safety of 250,000 or so families and individuals wishing to sell or buy a home over the next two-and-a-half years.

This report includes the interactive web-based tool Sell-Star Prophet, which forecasts by neighborhood home values and days-on-market for years 2020, 2021 and 2022 and defines qualities of homes buyers pay the most to attain-exactly what to advertise to attract buyers.

In normal economic downturns deteriorating business activities lead to increasing unemployment over a period of six months to perhaps eighteen months. The COVID-19 induced 2020 recession skipped the entire declining economic conditions portion of the cycle, instead the economy was like a massive sun burning bright, then in a moment collapsing in on itself creating a black hole-the very trough of the economic cycle.

"It's fear of infection from human interaction triggering this economic black hole and real estate sales have a lot of human interaction. Sell-Star Prophet helps reduce unnecessary interaction by showing homeowners how to vastly improve their internet marketing," said Creed Smith, Broker/Owner, Clear Realty.

Unlike most economic reports using national or regional data on Gross Domestic Product and unemployment rates, Sell-Star Prophet displays actionable forecasts for homeowners by specific Metro Denver neighborhoods including:
* Home values for 2020, 2021 and 2022
* Days-On-Market timeframes for 2020, 2021 and 2022
* Rank-ordered list of qualities most desired by buyers for superior internet marketing
* Rank-ordered list of value harming deficiencies owners should correct to maximize home value

"COVID-19 put the brakes, likely permanently, on high personal contact methods when selling a home. Nobody wants the risk of armies of people marching through their home every week, and buyers prefer the safety and convenience of window-shopping homes on the internet. Sell-Star Prophet defines the exact rank-ordered qualities homeowners need to advertise to attract the best buyers, keep home values up and keep days-on-market down," said Creed Smith, owner of Clear Realty and inventor of Sell-Star Prophet.

About Clear Realty and Sell-Star Prophet:

Clear Realty specializes in creating cutting edge technologies cutting the cost of selling a home while improving the marketing and safety of home sales. Sell-Star Prophet, is the latest technology of many Clear Realty uses to improve marketing in the real estate industry.

Learn more at: https://clear.realty/

Prophet cover video: https://vimeo.com/422946055

Related link: https://clear.realty/

This news story was published by the Neotrope® News Network - all rights reserved.

May, 20
2020
Business, Free News Articles, Real Estate

SROA Capital Pays Quarterly Distributions – Sees Market Opportunity Ahead

WEST PALM BEACH, Fla. -- SROA Capital, LLC ("SROA"), a West Palm Beach-based vertically-integrated real estate investment management firm with $1 billion of assets under management and owner/operator of Storage Rentals of America, announced today that it has paid its first quarter distribution of 1.85% or 7.4% annualized which represents the weighted average distribution yield across SROA's dedicated self-storage funds (*note 1).

SROA anticipates continuing to pay quarterly distributions uninterrupted, despite the current market environment. SROA recently launched Fund VIII and has started accepting investor commitments. It expects to begin investing the capital in late 2020 or early 2021 as opportunities arise as the pressure builds on sellers in a post COVID-19 world.

"We are pleased with the performance of our self-storage portfolio and remain focused on seeking to provide our investors with regular quarterly distributions and strong risk-adjusted returns," said Benjamin S. Macfarland III, Co-Founder and CEO.

"SROA is in a strong financial position thanks in large part to our hands-on management, conservative underwriting, modest portfolio leverage (approximately 50% LTV), and ample dry powder. We believe that we are uniquely positioned to weather this period of economic uncertainty and to capitalize on any dislocation that may arise in the self-storage market."

At a time when fixed income yields are at historic lows, investors have flocked to the private real estate equity and debt markets in search of yield. However, many real estate asset classes including retail, office, hospitality, and residential, have been adversely affected by the onset of COVID-19, causing managers to halt distributions. Macfarland believes that conservatively managed self-storage operators like SROA offer investors a safe alternative.

"Over the past two decades, self-storage has shown that it is not as sensitive to macroeconomic downturns as other real estate sectors," Macfarland added. "Over the past 5-, 10-, and 15-year periods, self-storage has outperformed all other real estate property types (*note 2) and self-storage REITs were the only REIT sector to post a positive total return in 2008 (*note 3)."

About SROA

In a recent article, SROA Capital acknowledged the impacts of COVID-19 on our communities and the private real estate market. SROA Capital, LLC is a vertically-integrated real estate investment and management company that specializes in non-traditional commercial real estate with an emphasis on self-storage. SROA owns and operates approximately 7 million rentable square feet under the brands Storage Rentals of America and Storage Zone.

For more information, please visit https://sroacapital.com/.

Notes:
(1) Distribution does not include Elite Store Fund V which is self-storage development vehicle or SROA Capital Fund VIII which was recently launched and has yet to call capital.
(2) Green Street Advisors, April 2019.
(3) Self Storage Almanac 2015.

Image Links For Media:
[1] https://www.Send2Press.com/300dpi/20-0520s2p-sroa-cap-return-300dpi.jpg
Caption: Figure 4: List of commercial property return indices and their performance over a 5-, 10-, and 15-year periods (2004-2019)* (*Green Street Advisors, April 2019).

[2] https://www.Send2Press.com/300dpi/20-0520s2p-sroa-macfarland-300dpi.jpg
Caption: Benjamin Macfarland, SROA Capital Co-Founder and CEO.

Related link: https://sroacapital.com/

This news story was published by the Neotrope® News Network - all rights reserved.

May, 05
2020
Business, Free News Articles, Real Estate

Texoma Real Estate Firm 580 Realty Combines Digital Marketing with Independent Agility Through Acquisition with Okie Land & Home

TEXOMA, Okla. -- Okie Land & Home Monica Lambert are joining 580 Realty, a successful association which will bring together an independent firehouse to a stellar realty team, expanding the service area by an additional five counties. This now includes Coal, Pontotoc, Pittsburg, Latimer, Pushmataha, Hughes and McIntosh. From Lake Eufaula to Lake Texoma! Kiamichi Wilderness to Arbuckle Mountains!!!

Broker of 580 Realty, Brian Allen comments that, "This combination creates an even larger powerhouse for 580 Realty, the most dominant brand for real estate in Southern Oklahoma."

He sees a mutually beneficial relationship blossoming between the two entities, creating a hub for buying and selling properties within communities throughout Oklahoma, including Durant, Kingston, Calera, Colbert, Atoka, and Madill. 580 Realty now plans to bring their same effective marketing, strategic advertising, and a client focused experience to townships and cities served by Okie Land & Home service.

Mr. Allen also adds: "We are very excited that, with this merger, Monica Broker - Okie Land & Homes will continue to provide the personal and local support that agents and their clients demand, while providing the resources afforded to a powerful, highly recognized brand with a massive local presence. We are committed to ensuring that all homebuyers and sellers receive the best service imaginable and our agents are afforded every opportunity to maximize their business potential."

With decades of combined experience, the agents at 580 Realty operate with an edge that keeps their clients returning for both buying and selling real estate in Oklahoma. Providing high-quality, honest, and accessible real estate advice and services in the Texoma region will continue to be 580 Realty's focus. Clients particularly enjoy the unique and compelling experience that leverages the power of digital marketing to make connecting the right buyers and sellers to the properties of their dreams a seamless and creative experience.

Okie Land & Homes will transition to 580 Realty and though its visual identity will evolve, clients can expect the same level of care and an enhanced level of marketing for listings, thanks to this merger. Okie Land & Homes is headed by Monica Lambert, who will run point for northern counties and cities, while continuing to specialize in affordable homes, farms and ranches, vacation homes, acreages, and investment properties.

With over 14 years of dedicated, client-focused experience buying and selling properties, Ms. Lambert's expertise in listings within the adjoining counties like Hughes, Pittsburg, and Pontotoc will give the whole team the chance to provide even more options for buyers and sellers.

The merger is also the perfect fit as Okie Land & Homes relies on a significant social media presence, including a dedicated Facebook group - https://www.facebook.com/groups/OKLandandHomeTrader - where potential clients can post requests for specific types of properties.

Ms. Lambert takes the time to respond to every single member request, besides maintaining a full spectrum of listings, including cabins, starter homes, single-family dwellings, and more. The nearly 2,000-strong member group for Okie Land & Home will now join the ranks of 580 Realty's customer base and listings across the Texoma region.

This merger allows Okie Land & Homes the opportunity to harness the power of digital, along with the intimate and personal care Ms. Lambert has always provided for her clients. Ms. Monica Lambert will also be part of the 580 Realty sales team as an agent delivering high-touch communications and enhancing the reach of clients who are looking for unique properties using a digitally-driven search process.

More information: https://www.580realty.com/blog/texoma-real-estate-firm-580-realty-combines-digital-marketing-with-independent-agility-through-acquisition-with-okie-land-home/

Media Contact:
Brian Allen
580 Realty
brian@580realty.com
580-877-7653

Related link: https://www.580realty.com/

This news story was published by the Neotrope® News Network - all rights reserved.

May, 04
2020
Business, Free News Articles, Product Launches, Real Estate, Reports and Studies, Software

Certain Lending Launches Major Survey of Real Estate Investors

SAN FRANCISCO, Calif. -- Certain Lending released a national survey of real estate investors. A majority of real estate investors expect COVID-19 will cause home prices to decline up to 20%.

The survey of 569 real estate investors across the U.S., conducted between April 20 and 24, is the first of its kind to report how real estate investors believe COVID-19 will impact the U.S. economy, housing markets, and mortgage credit. The full survey is available at https://medium.com/certainlending.

"Non-institutional real estate investors own and make a living from $7 trillion of real estate. They are an untapped source of insight about how events and forces shape the U.S. economy and housing market," said Shreyas Vijaykumar, cofounder and chief technology officer for Certain Lending. "We are excited to engage the community and report insightful findings about COVID-19's expected impacts."

The survey finds that relative to the 2009 recession, known as the U.S. housing crisis, half of real estate investors believe the impact of COVID-19 will be more severe for the U.S. national economy. Three quarters of real estate investors expect COVID-19 will cause home prices to decline, but the magnitude will be less severe than during the U.S. housing crisis. A majority expect home prices will decline up to 20% because of COVID-19.

According to the survey, approximately half of real estate investors expect it will be a good time to buy properties over the next six months with about as many planning to increase their personal investment in real estate over the time period. 90% of real estate investors believe the U.S. economy will rebound within 18 months.

With the weak economy and real estate cooling, a majority of real estate investors expect supply to increase across online realtor listings, off market channels, short sales, foreclosures, and distressed-property auction websites.

The survey finds 38% of real estate investors think it will be harder to get a loan, and 32% don't know if financing will be easier or harder in the next six months.

Added Charles McKinney, cofounder and chief executive officer of Certain, "With anxiety about the economy, freezing of the capital markets, and many commercial lenders pulling back, traditional ways of getting a loan has become more expensive and less likely. For lenders with the credit sophistication and software to efficiently underwrite and originate loans in the COVID-19 economy, there's a huge opportunity to consolidate market share."

About Certain Lending:

Certain Lending is a FinTech startup cofounded by Freddie Mac and Palantir Technologies alumni and backed by Founders Fund, 8VC, Goldcrest, XYZ, Village Global, and the LeFrak organization. With Certain Lending, real estate investors get tailored financing offers in one place and close loans in days, not weeks. For financial institutions, Certain creates favorable yield from business purpose mortgages fully underwritten, originated, and monitored by our software.

For more information about the company, visit https://www.certainlending.com/.

*LOGO link for media: https://www.Send2Press.com/300dpi/20-0503s2p-Certain-Lending-300dpi.jpg

Related link: https://www.certainlending.com/

This news story was published by the Neotrope® News Network - all rights reserved.

Apr, 30
2020
Business, Construction and Building, Free News Articles, Real Estate

Current Builders Announces New Florida West Coast Residential Project

SARASOTA, Fla. -- Current Builders (currentbuilders.com) today announced they have been selected as the general contractor for the Gallery 3100 residential project in St. Petersburg, Florida. The $20 million, 122-unit residential project is being developed by Mosaic at Grand Central and the architectural firm is Baker Barrios.

Current Builders will be utilizing a signature concrete design innovation on the project's 4-story parking garage. They have also developed a special community relationship to overcome a space-challenged construction site. This is the award-wining construction firm's first project on the west coast in many years. As part of their strategic expansion plan, they recently opened an office in Sarasota.

"We are honored that our first new project in this region is with the Mosaic Development Group," said Chip Angenendt, VP West Coast Division. "The three primary contacts for Mosaic, Roxanne Amoroso, Marc Mariano and Terry Wayland lead an outstanding, knowledgeable team with a dynamic vision for this inspired rental community."

The appropriately named development will feature an art gallery space in the amenity area showcasing the works of the Duncan McClellan Gallery; enhancing the reputation of this vibrant cultural city.

The project is expected to begin concrete foundations in June; however, launching the construction plan proved challenging due to tight site constraints, but Current Builders devised a solution that demonstrates their renowned community spirit.

"This project runs property line to property line; leaving no room on the site for a construction trailer or a place for our parking and laydown areas," explained Angenendt. "So, we reached out to the First Baptist International Church of St Petersburg, which owns an unused building in need of significant repair adjacent to the site and offered to transform it into a multipurpose center/office in exchange for using their property for our construction needs."

This win-win alliance is just the beginning according to Angenendt. "Giving back is in Current Builders' DNA, and we are looking forward to becoming an active part of the community through a variety of programs."

Innovation is also part of Current Builders' DNA. This is the third project to employ the firm's recently unveiled garage building system, which was developed by Mike Gillette, Vice President of CB Structures. This innovative shoring technique is an alternative to precast and post tension garages; reducing the build time by almost 25%.

The system consists of a 60,000-pound column mounted jack supported by wide flange W beams. This system eliminates the need for re-shoring under the beams which reduces costs and time, and additionally provides a 7-foot working table for iron workers and carpenters. Gillette's innovation has been used very successfully on several Current Builder's projects in Boca Raton.

Current Builders looks forward to announcing new projects on both coasts, and the team is thrilled to have a dedicated west coast office and project teams in place.

"Years ago, we built several projects on the west coast," said Angenendt. "But with this newly established office in Sarasota, we can truly become part of the community and realize Current Builders' mission in this region."

For more information please visit https://www.currentbuilders.com/

Current Builders is an award-winning general contractor, established in 1972 with average annual revenues in excess of $250 million. The firm specializes in multi-family residential projects, healthcare facilities, office/warehouse buildings, commercial distribution facilities, parking garages, interior build-outs, interior and exterior renovations, all included as turnkey projects inclusive of the construction of the buildings and related site work.

Media Contact:
Kay@KRPRmediagroup.com
561-654-8151

Related link: http://www.currentbuilders.com/

This news story was published by the Neotrope® News Network - all rights reserved.

Apr, 29
2020
Business, Free News Articles, Real Estate

Rittenhouse Appraisals Sees Resilience In Philadelphia Region’s Real Estate Market Despite Covid-19

PHILADELPHIA, Pa. -- The COVID-19 crisis could create opportunities for the Philadelphia region to thrive as a real estate market going forward, and buttress its reemergence as a center for business, according to an expert at Rittenhouse Appraisals.

The fundamentals that have driven a recent real estate boom, largely remain, said Carlo L. Batts, MAI, principal of the Center City-based firm, which provides market research for institutional and private investors. He said there is a demand for housing and services created by an influx of well-paying jobs in the medical and science fields, and those job sectors tend to remain strong.

Batts cited the West Philadelphia submarket, recently one of the area's hottest, as likely to power through the economic downturn, driven by demand in the multifamily and commercial sectors. There are tracts West Philadelphia that Batts said appear ripe for activity, such as the pocket between Market Street and Walnut Street that is zoned CMX-4, or mixed use. These tracts could attract high-density, high-rise development, he observed.

"The area is incubating into a primary office submarket and further expansion as a medical submarket and the research parks and medical research and science expansion is going to continue," Batts said. "Up until the shutdown, you had a consistent movement of new developments, whether it was the Schuylkill Yards development or out at 38th and Market, that were bringing an influx of new jobs."

Those jobs have largely tended to be medical related or scientific research positions, meaning they offer above average pay. That will fuel a demand for housing and services, which will drive the residential and commercial real estate development, Batts said.

Low interest rates will also impact liquidity, which could mean continued development in the medical research, medical office markets and in the multi-family market. "There is still a housing crisis in Philadelphia and in the region," Batts said. He suggested that, despite the implications of social distancing to slow the spread of the virus, people still want convenience in their lives. "I think it further solidifies the trend for urban living, but in a more integrated housing structure."

Batts predicted that some troubled projects won't be able to survive the disruption. "I think you are going to see some bad projects hit the market or go into foreclosure or banks start taking back more assets," he said. "You are going to see a lot of people think now is the time to dump assets that weren't performing anyway, just to get them off the books."

Batts said his firm will assist clients as they prepare for the post-crisis opportunities. "We service property owners and investors trying to maintain their assets and keep returns coming," he said. "There are a lot of projects in the works. Some will make sense. Some won't. We help clients understand the feasibility of those projects, now, and where there are opportunities to make them fit the current conditions."

About Rittenhouse Appraisals:

Rittenhouse Appraisals is a regional real estate valuation firm located in Center City Philadelphia and operating throughout the Delaware Valley. It has experience and expertise in appraising all forms of commercial real estate: retail, industrial, multi-family, net lease, office, institutional and special use properties. It also works with banks and on troubled assets.

For more information, go to https://rhappraisals.com/ or call: 267-314-8635

*PHOTO link for media: https://www.Send2Press.com/300dpi/20-0429s2p-carlo-batts-300dpi.jpg
*Photo caption: Carlo L. Batts, MAI, principal.

MEDIA ONLY CONTACT:
Carlo Batts
267-314-8635
c.batts@rhappraisals.com

Related link: https://rhappraisals.com/

This news story was published by the Neotrope® News Network - all rights reserved.

Apr, 29
2020
Business, Free News Articles, Real Estate

Green Mountain College Campus Goes to Auction

CENTRAL ISLIP, N.Y. -- Maltz Auctions, a premier full-service auction company serving the Continental United States and Caribbean, announced it will pursue buyers for the idyllic 155-acre Green Mountain College Campus, anchoring Main Street, in the Historic downtown of Poultney, Vermont.

"This quintessential New England campus had been the home of Green Mountain College, a private 4-year liberal arts school focused on environmental, social, and economic sustainability, which unfortunately closed at the end of 2019," stated Keith Lowey of Verdolino & Lowey, the Chief Restructuring Officer for Green Mountain College.

"It's truly a turn-key opportunity for the right buyer as it is comprised of classic New England dormitory buildings, classrooms, administrative offices, lecture halls, cafeteria, student center, community space, library building, athletic facilities - including fields, gymnasium, pool, and more, a 400-seat theater/auditorium, fine arts studios and galleries, a working farm, guest residences and a campus-wide wood-fueled biomass (carbon neutral) heating system."

Lowey added, "There are also financing options available for qualified buyers."

Maltz Auction's CEO, Richard Maltz shared, "This property auction includes furniture, fixtures and equipment of the school and represents an exceptionally rare opportunity to acquire an environmentally sustainable, green campus that is superbly located and beautifully maintained in a single transaction. There is incredible reuse or redevelopment potential, this is truly one of the most enchanting properties my firm has had the opportunity to market."

The Green Mountain Campus is in southern Vermont's beautiful lakes region, with the Adirondack Mountains to the west and the Green Mountains to the east. The 155-acre campus situated on the New York-Vermont border features classic red-brick and slate roof buildings, athletic fields, a working farm, hiking and bike trails, and much more.

The property sits at the intersection of College Street and Main Street in the heart of Poultney, a vibrant and quaint New England village of 3,400 residents, which has been recognized, along with 22 others in Vermont, as a historic downtown. Poultney is home to an extensive bike trail network as well as to Lake St. Catherine and Lake St. Catherine State Park, a 117-acre destination park, campground and nature center. Lake Bomoseen State Park is less than a 15-minute ride north of Poultney. Both the Killington and Okemo ski areas are less than an hour away.

The town of Poultney is located 'in the middle of everywhere', bordered by Ira & Middletown Springs to the east, Fair Haven and Castleton to the north, Hampton (NY) to the west, and Wells to the south. Poultney is approximately 80 miles southwest of Vermont's capital city (Montpelier), 70 miles south of Vermont's largest city (Burlington) and 65 miles west of the Vermont/New Hampshire border in White River Junction. Poultney is also proximate to Saratoga Springs (50 miles southwest of Poultney) and Albany (70 miles southwest of Poultney) in New York state.

In addition, great shopping, year-round recreational activities, skiing destinations (including Vermont's premier ski resort, Killington Mountain) and college towns including Burlington (VT), Bennington (VT), Middlebury (VT) and Queensbury (NY) are located nearby.

The closest city to Poultney is Rutland, Vermont, which is the largest town in Vermont after Burlington and South Burlington. The city of Rutland is located approximately 20 miles northeast of Poultney, or a 25-30-minute drive via Route 30 & Route 4. Rutland offers the Rutland Regional Medical Center as well as an eclectic mix of shopping, restaurants, bars, cafés as well as cultural and entertainment venues and attractions. The state of Vermont, known as the Green Mountain state, ranks as the healthiest and best-educated state in the country.

Here are a few regional websites of interest:
* https://www.thinkvermont.com/
* https://www.poultney.vt.gov/index.asp?SEC=F1CC8479-70D1-4C37-80DB-68ACCDACD780&Type=B_BASIC
* https://www.rrmc.org/
* https://rutlandvermont.com/

PROPERTY OVERVIEW

One Brennan Circle, Poultney, Rutland County, VT 05764
* Primary Frontage: College Street
* Access:
From the East: Main Street
From the North & South: College Street
* 155 acres
* 22 BUILDINGS
o Year Built: Ranging between 1855-1969, with most improvements being constructed either circa 1900 or between 1940-1960. Six structures have undergone complete renovations, while the remainder have been periodically repaired and maintained.
* 7 dormitory buildings, 3 single family homes with multiple uses, 3 mixed-use buildings, 3 administrative buildings, 2 arts buildings/galleries, 1 library (3-stories + mezzanine & lower level), 1 gymnasium/fieldhouse, 1 biomass plant/maintenance shop and 1 barn
* 447,253 Gross Square Feet
o 654 BEDS (existing configuration)
o 33 CLASSROOMS/LECTURE HALLS/LABS (existing configuration)
o 400 SEAT AUDITORIUM
o ATHLETIC FACILITIES
o FULLY FURNISHED
o CARBON NEUTRAL
o AMPLE paved and unpaved surface parking
o PARKING
* Utilities: Water & Sewer: Village of Poultney
* Electricity: Green Mountain Power Corporation / Tunbridge Solar
* Gas: Suburban Propane
* Heat: In 2010, the school constructed a wood-fueled biomass heating system which supplies steam heat to the on-campus improvements (i.e. not including the four off-site structures) at a reported cost of $5.5 million. The plant burns +/- 4,000-5,000 tons of locally harvested woodchips each year as the primary fuel and provides 85% of the school's heat. The biomass plant was designed as a cogeneration plant (heat and electricity and with some minor modifications it could be reconfigured to produce electricity and heat. In shoulder seasons (April through mid-June and September through October) and summer months, the biomass plant is taken offline and the campus utilizes two (2) oil boilers as heating source as needed.
* Broadband: The school formerly had broadband capacity of 500Mbps
* AT&T Cell Tower on campus
* Summary of individual building specifications (HVAC, foundations, roofs, building conditions, etc.) are available upon request.

PROCESS & PRICING
The Green Mountain Campus is offered on an "as-is" basis and Maltz is seeking a stalking horse bidder for an auction contemplated to occur in July, however, pre-auction offers will be considered. Upon receipt of a signed confidentiality agreement, qualified investors will be provided with access to the offering memorandum and due diligence materials. For more information on the property and to sign the Confidentiality Agreement, please visit http://www.maltzauctions.com/.

ACCESSIBILITY
Major metros in the northeast - Albany, Boston, New York, and Montreal - are all within reach of the campus by car, bus, airplane and train. International access is available through these hubs, particularly Boston's Logan International Airport (BOS). Rutland Southern Vermont Regional Airport (RUT), a full-service modern airport providing regional service, is just 25 miles east of the campus. The airport offers three (3) round-trip commercial flights per day to/from Logan International Airport in Boston, Massachusetts. Two Amtrak passenger trains, the Ethan Allen Express and the Adirondack, offer daily service to the Poultney area. Two Amtrak stations are located just 15 minutes in either direction of the campus. Amtrak's service originates at Penn Station in Manhattan and travels north providing the Lakes Region with tremendous access to the population of New York City and the surrounding communities in downstate New York.

*PHOTO link for media: https://www.Send2Press.com/300dpi/20-0428s2p-gc-college-300dpi.jpg

Related link: http://www.maltzauctions.com/

This news story was published by the Neotrope® News Network - all rights reserved.

Apr, 21
2020
Business, Free News Articles, Product Launches, Real Estate, Software

New Technology Connects Homeowners and Property Appraisers

RED DEER, Alberta -- Everyone has been economically impacted by COVID-19 in one way or another and property appraisers are no exception. However, Anow, an appraisal management software developer, is excited to announce the launch of Anow Walkthrough, a sophisticated, but straightforward homeowner inspection product designed to help appraisers when they can't get inside a property. It enables true "virtual tours" with multiple fraud preventions built-in and empowers appraisers to work again.

Anow simplifies the way real estate appraisers manage their businesses and was recently recognized by Housing Wire in their TECH100 list for 2020. It streamlines a wide range of everyday appraisal processes while offering unmatched business insights that help appraisers to better compete in today's digital environment.

And now, amidst the COVID-19 pandemic, with global limitations on social interaction and contact, carrying out walkthroughs to appraise properties is a significant challenge. Anow's innovative solution is this complementary product: Anow Walkthrough.

"Since the pandemic started, we've only done exterior inspections and are avoiding going into all properties," Mark Matkowski, Soderquist Appraisals, says. "Anow Walkthrough has been a game-changer. It gives us everything we need to confidently do full appraisals, puts no one at risk and keeps my income up too."

Anow Walkthrough offers a step-by-step guide for homeowners and realtors to capture photos and necessary information pertaining to property interiors and exteriors. It also allows homeowners to share unique home details without needing to download an app. It's simple and convenient. Multiple rules are in place, including date, time and geolocation of photographs, plus public records and artificial intelligence validates homeowner data and photos.

For appraisers, they can collect compliant information remotely and safely, mainly because they come in contact with clients daily during inspections. Appraisers can walk a homeowner through the process, or they can do it on their own time.

"The possibilities are endless, and appraisers will continue to adopt Walkthrough, even after the COVID-19 crisis, as a value-added service," Marty Haldane, CEO, Anow, says.

Appraisal Management Companies (AMCs) and lenders are seeing many benefits too. They're already empowering their network of appraisers to keep appraising during these challenging times.

"We wanted to not just empathize with our customers, but provide a solution to this complex challenge," Haldane says. "Everyday, more restrictions are being put into place, and we want to ensure that appraisers can still appraise and make a living. Walkthrough has been used on thousands of appraisals and AMCs and lenders have also been prompted to jump on board to help their appraiser panels. The response we've received from appraisers, lenders and AMCs has been absolutely overwhelming, and it just shows how we are all in this together to help each other out. It's really great to see."

Existing Anow customers will receive a free upgrade of the Anow platform to include Anow Walkthrough. New customers will receive access to Anow Walkthrough along with a complimentary one-on-one guide on how best to use the Anow platform for their appraisal business.

To learn more: https://anow.com/walkthrough/

About Anow

Launched in 2011 by multi-generational appraisal professional Marty Haldane, Anow is designed for today's digital environment. It has robust order tracking, job assignment, collaboration and scheduling tools that allow appraisers and administrative staff to save time, assign appraisals more efficiently and deliver exceptional service to clients and mortgage lenders from any web-enabled device. Advanced reporting enables business owners to manage fee competition and turn times with ease.

MEDIA CONTACT:
Ikenna Okoroafor
Growth and Marketing at ANOW
ikenna@anow.com

*LOGO link for media: https://www.Send2Press.com/300dpi/18-1205s2p-anow-logo-300dpi.jpg

Related link: https://anow.com/

This news story was published by the Neotrope® News Network - all rights reserved.

1 2 3 … 44