CREtech Briefs September 30, 2022 – Savills IM takes major stake in UK affordable housing provider + more
September 30, 2022
In this week's issue, investments are led by Capital One , with $94m funding towards Foulger Pratt , a real estate investment and development firm for the construction of a 148-unit affordable housing community in Washington DC. Meanwhile, UK-based Reall invested in Mumbai-based Syntellect 's Pre-Series A round for an undisclosed sum. Syntellect is a global affordable housing fintech startup. The capital injection will be used to build and promote its product across India, Africa and South America. Global real estate investment manager, Savills, has acquired a majority stake for an undisclosed sum in UK-based affordable housing provider, Simply Affordable Homes from Centrus Financial.?
In the news, LA's growing tech arena is adding to its affordable housing supply woes. The influx of tech workers with high salaries are elevating housing costs. CEO of Catalyst Housing Group , Jordan Moss became frustrated with wage growth not keeping pace with housing prices. Jordan took on this challenge by helping to create housing for the middle class. U.S. modular housing pioneer Waypaver Intl' and German car factory automation leader KUKA have partnered to advance the construction industry. Their solution - "System P4", provides an off-the-shelf, automated modular housing operation for factory owners.?
Save $100 on your all-access pass for the BIGGEST event in real estate innovation,?CREtech New York, October 12-13, before pricing increases next week!
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Capital One Provides $94 Million in Debt, Equity and Forward Agency Financing for Washington, DC, Affordable Housing Community
Capital One announced that it has supplied a comprehensive funding package to Foulger-Pratt, a Maryland based real estate investment and development firm, for construction of Paxton, a 148-unit affordable housing community being built in the Kingman Park neighborhood of Washington, DC, NE. The deal was led by Ed Delany, senior director and senior capital officer of Community Finance for the Mid Atlantic at Capital One and Rossana Bouchaya, senior vice president of Agency Finance at Capital One. Read more
UK-based Reall invests in Syntellect - global affordable housing fintech startup in a Pre Series A Round
Syntellect, a Mumbai-based global affordable housing fintech startup, receives strategic investment in Pre Series A Round from UK-based Reall – an impact organization in affordable housing. Read more
Savills IM takes major stake in UK affordable housing provider
Savills Investment Management has bolstered its European living platform with the acquisition of a majority stake in a UK affordable housing provider. The international real estate investment manager has invested an undisclosed sum to buy the majority share in Simply Affordable Homes from Centrus Financial, which will retain a stake. The deal includes the acquisition of Simply Affordable Homes RP, a registered social housing provider. Read more
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LA is a growing tech hub. But not everyone may fit
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LA has a housing crisis similar to Silicon Valley’s. And single-family-zoning laws are mostly to blame. Read more
Marin County CEO Jordan Moss finds ‘essential housing’ for those being left behind
As CEO of Larkspur-based Catalyst Housing Group, the only job Jordan Moss would trade for would be as a player for the Golden State Warriors. Moss played a year of professional ball in Europe after being on UC Davis’ team. “That competitive nature is definitely an important attribute to bring to business,” said Moss, who founded Catalyst in 2015. Today, the 43-year-old finds himself jumping through regulatory hoops to create housing for the middle class. Read more
Modular and Robotics Pioneers Unveil System P4 - Predesigned Housing Factory Solution
Pioneers in modular construction and car factory automation have teamed up to advance the construction industry. U.S. modular housing pioneer, Waypaver International and German automation leader KUKA are today unveiling a predesigned automation solution to produce modular housing. Read more
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CREtech New York offers NEW Affordable Housing Pavilion for Unique Attendee Experience
CREtech, the largest international community of professionals devoted to technological innovation in the real estate sector, has announced they will be offering five stages of cutting-edge content at flagship conference, CREtech New York, this October 12-13. Read more
CREtech and Second Century Ventures Announce New Updates for CREtech Affordable Housing Initiative
CREtech, the largest international community of professionals devoted to technological innovation in the real estate sector, has announced new updates for CREtech Affordable Housing initiative in partnership with Second Century Ventures, one of the most respected and active PropTech investors in the industry. Read more
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