Category: Editors’ Pick

Compass Cofounder Robert Reffkin Is Worth $500 Million Following IPO
By: Date: June 12, 2021 Categories: Business,Editors' Pick,Media,Real Estate,Uncategorized Tags: , , ,
compass-cofounder-robert-reffkin-is-worth-$500-million-following-ipo

Compass CEO Robert Reffkin, pictured in 2019. (Photo by Brad Barket/Getty Images for Fast Company) Getty Images for Fast Company Nine years after its founding, real estate brokerage Compass went public on Thursday, minting a huge windfall for the company’s investors and employees. As of early afternoon Eastern Time, cofounder and CEO Robert Reffkin was…

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SoftBank-Backed Compass To Begin Trading After Trimming IPO Plans
By: Date: June 12, 2021 Categories: Business,Editors' Pick,Media,Real Estate,Uncategorized Tags: , , ,
softbank-backed-compass-to-begin-trading-after-trimming-ipo-plans

Robert Reffkin, cofounder and chief executive officer of Compass. (Photo by Cate Dingley/Bloomberg) © 2019 Bloomberg Finance LP Compass, the fast-growing real estate brokerage backed by SoftBank, is expected to go public on Thursday on the New York Stock Exchange. Shares are currently priced at $18, giving the nine-year-old firm a valuation close to $7…

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For First-Time Homebuyers In 2021, Wish Lists Meet Financial Realities
By: Date: May 29, 2021 Categories: Business,Editors' Pick,Real Estate,Uncategorized Tags: , ,
for-first-time-homebuyers-in-2021,-wish-lists-meet-financial-realities

To get what they wanted in their first home, many recent buyers had to compromise. getty For first-time homebuyers looking to buy in 2021, a new survey from realtor.com indicates that getting finances in order is a critical place to start. Almost half (47%) of those who bought their first home last year — successfully…

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Opendoor Seeks To Cash In On Hot Market—Again—With $680 Million Public Offering
By: Date: May 27, 2021 Categories: Business,Editors' Pick,Media,Real Estate,Uncategorized Tags: , , ,
opendoor-seeks-to-cash-in-on-hot-market—again—with-$680-million-public-offering

Eric Wu, cofounder and CEO of Opendoor, pictured in 2018. (Photographer: David Paul Morris/Bloomberg) © 2018 Bloomberg Finance LP Barely a month after going public as part of the SPAC boom, Opendoor is raising money once again. On Tuesday, the company announced that it plans to sell another 24 million shares of common stock—worth approximately…

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Fintech Cadre Launches New $400 Million Fund Targeting Individual Investors And Plans To Back Underrepresented Real Estate Operators
By: Date: May 24, 2021 Categories: banking&insurance,Decision Maker Content,decisionmaker,Editors' Pick,Fintech,Hedge Funds & Private Equity,Investing,Markets,Money,Personal Finance,Real Estate,Taxes,Uncategorized Tags: , , , , , , , , , , ,
fintech-cadre-launches-new-$400-million-fund-targeting-individual-investors-and-plans-to-back-underrepresented-real-estate-operators

Cadre’s Ryan Williams graced the cover of Forbes in 2019 as his real estate startup neared unicorn status. After a brutal slog for real estate during Coronavirus, Williams is revving up growth at his company. Jamel Toppin for Forbes Ryan Williams got his start in real estate investing as a student at Harvard University in…

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Fintech Cadre Launches New $400 Million Fund Targeting Individual Investors And Plans To Back Minority Real Estate Operators
By: Date: May 23, 2021 Categories: banking&insurance,Decision Maker Content,decisionmaker,Editors' Pick,Fintech,Hedge Funds & Private Equity,Investing,Markets,Money,Personal Finance,Real Estate,Taxes,Uncategorized Tags: , , , , , , , , , , ,
fintech-cadre-launches-new-$400-million-fund-targeting-individual-investors-and-plans-to-back-minority-real-estate-operators

Cadre’s Ryan Williams graced the cover of Forbes in 2019 as his real estate startup neared unicorn status. After a brutal slog for real estate during Coronavirus, Williams is revving up growth at his company. Jamel Toppin for Forbes Ryan Williams got his start in real estate investing as a student at Harvard University in…

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Rent-To-Own Startup Divvy Homes Raises $110 Million In New Funding
By: Date: May 23, 2021 Categories: Business,Editors' Pick,Media,Real Estate,Uncategorized Tags: , , ,
rent-to-own-startup-divvy-homes-raises-$110-million-in-new-funding

Divvy Homes cofounder and CEO Adena Hefets. Divvy Homes Divvy Homes, a rent-to-own startup, has raised $110 million in Series C financing, the company announced on Tuesday. To date Divvy has raised more than $500 million in equity and debt financing since its founding in 2017. The funding comes despite negative sentiment around the industry,…

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WeWork May Use A SPAC To Finally Go Public, Report Says
By: Date: May 9, 2021 Categories: Business,Editors' Pick,Media,Real Estate,Uncategorized Tags: , , ,
wework-may-use-a-spac-to-finally-go-public,-report-says

Masayoshi Son, chairman and CEO of SoftBank Group, pictured this month. (Photo by Alessandro Di Ciommo/NurPhoto via Getty Images) NurPhoto via Getty Images If all else fails, there is always a SPAC. WeWork, the coworking business that attempted—and failed—to go public in 2019, could soon reach that milestone via a special purpose acquisition company, according…

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Housing Market Gains More Value In 2020 Than In Any Year Since 2005
By: Date: May 4, 2021 Categories: Business,Decision Maker Content,decisionmaker,Editors' Pick,Real Estate,Residential Real Estate,Uncategorized Tags: , , , , ,
housing-market-gains-more-value-in-2020-than-in-any-year-since-2005

Even hampered by low inventory, the housing market will remain competitive in 2021. Los Angeles Times via Getty Images After a record-setting year of home sales in 2020, the housing market still shows no sign of cooling off. U.S. housing gained about $2.5 trillion in value in 2020 — the most in a single year…

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Can’t Find A House To Buy? Blame Out-Of-Towners
By: Date: May 3, 2021 Categories: Business,Editors' Pick,Real Estate,Uncategorized Tags: , ,
can’t-find-a-house-to-buy?-blame-out-of-towners

Out-of-town homebuyers are outspending locals, driving up home prices and increasing the … [+] competition. getty Tired of getting outbid on homes? You might have out-of-towners to blame. According to a new analysis from real estate brokerage Redfin, out-of-town buyers are bringing significantly larger budgets to the table than their local counterparts. It’s driving up…

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