Share to Twitter Share to Linkedin Even before the pandemic, the real estate industry was moving into the digital realm, with home listing websites, virtual home tours and electronic signature programs gaining popularity in recent years. In 2020, even more of the home buying and selling process went virtual, and it seems that certain "remote" real estate activities are here to stay. That's why it's essential for real estate leaders to embrace and adopt new technology—but this leap can be easier said than done. Below, a panel of Forbes Business Council members shared some common technological obstacles today's real estate professionals face and how they can overcome those challenges. 1. Concerns About Data Security The biggest challenge I have encountered when adopting new technology was the concern around data security in the process of data migration. We had to think about how to ease into a modern data center phase by phase and how to extract and … [Read more...] about 14 Common Real Estate Tech Challenges And How To Overcome Them
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Property giant Ayala Land Inc. (ALI) seeks to expand its nationwide portfolio by buying about P17.4 billion worth of real estate assets from its parent conglomerate and controlling shareholder group using its own shares as currency. In exchange for an array of assets, ALI will issue 311.58 million new common shares at P55.80 per share to Ayala Corp. (AC) and its controlling shareholder group, Mermac Inc. AC will get about 309.6 million new shares while Mermac will subscribe to 1.98 million new shares. AC, ALI and Mermac aim to consummate the transaction within the year, afterwards boosting AC’s stake in ALI which will increase to 47.2 percent from 46.07 percent. The most valuable among the assets to be infused is AC’s 50 percent ownership in Ayala Hotels Inc., owner of the Manila Peninsula property and ALI’s partner in Ayalaland Premier’s Park Central Towers Project in Makati City. The 19,858-square meter Manila Peninsula property and the 209,808-sqm Park Central Towers are … [Read more...] about Ayala consolidates real estate holdings under ALI
Ventas ( NYSE:VTR ) and Welltower ( NYSE:WELL ) are two of the largest healthcare real estate investment trusts (REITs) around, both with material exposure to senior housing. They each provided business updates recently, just weeks apart from each other. The differences between the two could be seen as cause for concern or, more likely, a sign that good things are ahead. Heading in the right direction When Ventas provided its update in mid-December 2021, the big story was about recovery. Not only did the REIT reaffirm its funds from operations (FFO) guidance, but it also said it was on track to achieve continued occupancy gains. The latter is one of two major issues investors need to monitor today, as improving occupancy is the primary indicator of recovery in the senior housing space. Image source: Getty Images. Early in the pandemic in 2020, occupancy fell because move-outs increased (includes deaths), move-ins fell, and leads dried up. Given the … [Read more...] about Why 2022 Could Be a Great Year for Senior Housing
What happened Shares of LTC Properties ( NYSE:LTC ) slumped 12.3% in 2021, according to data provided by S&P Global Market Intelligence . The senior housing market's continued headwinds weighed on the real estate investment trust ( REIT ). So what LTC Properties experienced a significant decline in funds from operations (FFO) and funds available for distribution (FAD) in 2021. FFO was down nearly 21% to $68.8 million through the third quarter, while FAD declined almost 19% to $69.6 million. Because of that, the REIT paid out 100% of its FAD during the third quarter to support its 6.4%-yielding monthly dividend . Image source: Getty Images. The main issue is the pandemic's impact on the senior housing sector. Several of LTC Properties' tenants couldn't pay rent, which impacted the healthcare REIT 's rental income. While it deferred and abated some rent to assist its tenants, a couple declared bankruptcy. Their financial issues … [Read more...] about Why LTC Properties Stock Sank 12% in 2021
When you think of fintech companies, you probably think of PayPal Holdings ( NASDAQ:PYPL ) , Block ( NYSE:SQ ) (formerly Square), or Robinhood ( NASDAQ:HOOD ) . Over the past few years, we've seen a surge in other kinds of fintech companies, companies that are democratizing industries once inaccessible to the everyday investor. Fine art, real estate, and farmland are three alternative investment options that are now easier to invest in than ever before. Here's what makes each asset class an attractive addition to a diversified equities portfolio. Image source: Getty Images. 1. Fine art Fine art is arguably the best-performing asset class of all time . However, it also has some of the highest barriers to entry of any asset class, let alone any luxury investment category. Buying, safely storing, and selling fine art is a complicated and capital-intensive business. Founded in 2017 and launched in 2019, Masterworks is a company that is in the business of … [Read more...] about Tired of Falling Stocks and Crypto? Consider These 3 Alternative Investments for 2022
Investors and analysts have tried to call the bottom in the housing market for years. Instead of trying to guess when home prices might stop falling, some investors have turned elsewhere to look for gains -- and they're finding them in the red-hot market for residential rental properties. Going with the flow Just five years ago, the key to success in real estate investing was simple: Buy just about any residential property, wait anywhere from a month to a year, and then sell it at a huge profit. After all, since the turn of the millennium, similar investors had made boatloads of money flipping houses , and investors were seduced by the idea that even during past real estate busts, overall housing prices hadn't actually fallen in price substantially. Of course, we all know the aftermath of the housing bust, as that long-held real estate wisdom fell prey to harsh reality. Millions of homeowners have lost their homes , and millions more are underwater on their mortgages. … [Read more...] about This Housing Market Is On Fire!
T he New York Yankees are Major League Baseball’s most valuable franchise, worth $5.25 billion by Forbes’ count last year. But the team’s owners haven’t stopped there: Yankee Global Enterprises also has stakes in reigning MLS champion New York City FC, the YES Network and Legends Hospitality—which works with sports and entertainment organizations and venues in areas like hospitality, partnerships, concessions and merchandise—and it has a small equity stake in the Professional Fighters League, an MMA promotion. The additional holdings push the total value of the company’s sports properties to $6.81 billion. (Full disclosure: I am co-host of the YES Network’s Forbes SportsMoney show.) The story is much the same at AMB Group, which owns both the NFL’s Atlanta Falcons and MLS’s Atlanta United, as well as golf retailer PGA Tour Superstore. Monumental Sports & Entertainment’s portfolio includes the NBA’s Washington Wizards, the NHL’s Washington Capitals and the WNBA’s Washington … [Read more...] about The World’s Most Valuable Sports Empires 2022
Share to Twitter Share to Linkedin As a Columbus-based real estate investor and entrepreneur, Michael McGovern has a passion for coaching professionals on how to successfully buy, manage and sell properties. On the surface his primary areas of expertise are sales and real estate, but at its core McGovern’s true mastery is mindset. “I started to see these high-level performers who were big into the mindset side of things,” McGovern shares. “That’s what gets me so excited about coaching. I’ve watched people change their lives the way I have changed my life.” Real-estate opened McGovern up to the world of self-development, and it’s this transformation that drives his passion for coaching individuals on the importance of mindset, skill-development, and training. Why is self-development important in sales and negotiation? As he points out on Negotiate Anything , most professionals have spent the first 18-22 years of their lives receiving consistent … [Read more...] about Improving Your Negotiations With A Renewed Focus On Mindset
Image source: The Motley Fool. Welltower ( NYSE:WELL ) Oct 29, 2020 , 9:00 a.m. ET Contents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: Operator Ladies and gentlemen, thank you for standing by, and welcome to the Q3 2020 Welltower Inc. earnings conference call. [Operator instructions] Please be advised that today's conference is being recorded. [Operator instructions] I would now like to hand the conference over to your first speaker today to Mr. Matt McQueen, general counsel. Thank you. Please go ahead, sir. Matt McQueen -- General Counsel Thank you, and good morning. As a reminder, certain statements made during this call may be deemed forward-looking statements in the meaning of the Private Securities Litigation Reform Act. Although Welltower believes any forward-looking statements are based on reasonable assumptions, the company can give no assurances that its projected results will be attained. Factors … [Read more...] about Welltower (WELL) Q3 2020 Earnings Call Transcript
Looking at the growth of the NFT market overall, Fool.com contributor Chris MacDonald and The Motley Fool's Eric Bleeker tackle the discussion of whether the NFT market could surpass Bitcoin ( CRYPTO:BTC ) in terms of market capitalization soon. This discussion took place on the Jan. 5 episode of "The Crypto Show" on Backstage Pass. Eric Bleeker: A crypto prediction from Kevin O'Leary who we have had on Backstage Pass before talking about his crypto initiatives such as WonderFi ( OTC:WOND.F ) Kevin O'Leary made the prediction that he believes NFTs will become bigger than Bitcoin. You see the headline there? What does he have in his prediction? He says, NFTs can prove ownership of real-world assets such as designer watches or cars, which once again takes us back to this real-world digital worlds synthesis that we're increasingly seeing more of in crypto ideas. I put an example down here because I figured people say, how does that work? I myself say, … [Read more...] about Could the NFT Market Become Bigger Than Bitcoin?