Commercial Real Estate Jumps To A Record $193 Billion In Q3, Up 19% From Pre-Pandemic 2019, As Investors Buy CRE For Higher Yields; Metrospaces (OTC: MSPC), A Leader In PropTech Real Estate, Buys Houston Office Building And Shows How Smart Building Rehabs Can Improve Valuation
Disappointed by yields in the bond market, real estate investors and REITs instead bought a record $193 billion in CRE in Q3 2021,19% higher than in the comparable period in pre-pandemic 2019, according to The Wall Street Journal and The Real Deal. Looking for larger yields, investors bought institutional real estate — from industrial properties to apartment buildings. Metrospaces (OTC: MSPC), a leader in PropTech real estate, bought an office building in Houston as a case study for how its Smart PropTech rehab can raise valuation for investors and offer a high return.
stockmarketpress.com features specialized coverage of related stocks including: Metrospaces (OTC: MSPC), Vornado Realty Trust (NYSE: VNO-PL), Blackstone Inc. (NYSE: BX), Brookfield Property Partners LP (NASDAQ: BPYPM), Blackstone, Inc. (NYSE: BX), Kimco Realty Corporation (NYSE: KIM), Boston Properties, Inc. (NYSE: BXP) American Tower Corporation Equity Lifestyle Properties, Inc. (NYSE: REIT AMT) and Digital Realty Trust (NYSE: DLR).
Commercial Real Estate Jumps To A Record $193 Billion In Q3, Up 19% From Pre-Pandemic 2019, As Investors Buy CRE For Higher Yields; Metrospaces (OTC: MSPC), A Leader In PropTech Real Estate, Buys Houston Office Building And Shows How Smart Building Rehabs Can Improve Valuation
The newest studies analyze how data from Red Capital Analytics shows that CRE sales in the first nine months of this year totaled $462.1 billion, or 10% higher than for the same nine month period in pre-COVID 2019. It set an all-time record.
As investor/buyers flocked to all kinds of real estate in Q3 — focusing on single properties — to achieve their 8% targets. They could not achieve that in the bond markets, so they turned to the CRE instead.
Multi-family properties have become hot in this CRE gold rush, as have warehouses and distribution centers. Warehouses have skyrocketed by 41% in value while distribution centers have jumped 19%, one analyst firm reported in The Wall Street Journal.
“Coming out of COVID, we’re actually seeing an acceleration of fundamentals across a handful of sectors and that’s really driving investor attention,” Nadeem Meghji, the head of real estate, Americas, for Blackstone Inc. (NYSE: BX), told The Wall Street Journal. Blackstone is the largest buyer of U.S. commercial property this year. Commercial Real Estate Jumps To A Record $193 Billion In Q3, Up 19% From Pre-Pandemic 2019, As Investors Buy CRE For Higher Yields; Metrospaces (OTC: MSPC), A Leader In PropTech Real Estate, Buys Houston Office Building And Shows How Smart Building Rehabs Can Improve Valuation.
Malls have not done well in this rush to buy institutional sites. In fact, they have actually declined in valuation and interest by the investor community — a result of the increase in on line shopping. Mall operators have been casualties of internet shopping and COVID-19 trends.
Metrospaces (OTC: MSPC) is showing as a case study its recently-acquired $3.85 million Houston office building. After rehab it will project the power of PropTech real estate. It builds increased valuation of standard office building after it is Smart rehabbed with the newest tech-forward applications and cutting-edge smart technology.
For example, MSPC (OTC: MSPC) chose Crown Electrokinetics Corp. (NASDAQ: CRKN) to apply glass exteriors to the office building it purchased. MSPC and Crown signed an agreement for CRKN to install its patented Smart Window Inserts, designed to reduce energy costs and carbon emissions, in the recently purchased building by MSPC. PropTech leader MSPC said the Smart Glass Inserts are designed to cut energy costs by 26%. For CRKN, this agreement represents its first commercial agreement with installation beginning in Q1 2022.
CRKN plans to install some 450 Smart window Inserts powered by DynamicTint™ patented hi tech dynamic product in the 70,000 sq. ft. Houston office building. CRKN’s Smart Windows are designed to reduce energy costs and cut carbon emissions.
Oscar Brito, CEO of MSPC, said, “MetroSpaces is thrilled to work with Crown Electrokinetics and be among the first commercial building owners to receive its Smart Window Inserts powered by DynamicTint™(which has a portfolio of patents). With our deep emphasis on prop tech, we’ve looked at almost all of the smart glass solutions in the marketplace and have chosen to work with Crown because of its entirely unique approach of putting smart glass technology into a window insert.
“In our first building, this should help MetroSpaces lower energy usage with an attractive payback period. This is the sort of high-end connected services we’ll be looking to install in all of our buildings,” Brito said.
The new smart glass to be installed by Crown into MSPC’s commercial building is designed to transition in seconds between clear and dark. Tests show it can save some 26% of energy costs and reduce carbon emissions. For MSPC, it is precisely the kind of high tech material it plans to install in all of its PropTech properties. Commercial Real Estate Jumps To A Record $193 Billion In Q3, Up 19% From Pre-Pandemic 2019, As Investors Buy CRE For Higher Yields; Metrospaces (OTC: MSPC), A Leader In PropTech Real Estate, Buys Houston Office Building And Shows How Smart Building Rehabs Can Improve Valuation.
The commercial building in Houston acquired by MSPC with 50.6% equity on advantageous terms will become a prime example of how PropTech can become profitable in commercial properties.
In international residential co-living, MSPC’s project in the Dominican Republic — the first of three phases is now underway — illustrates how new construction can succeed in the PropTech eco-world.
The MSPC ‘Infinity View Villas’ development in partnership with Inarchi Architects in the Dominican Republic is targeting as its clients tech-nomad remote professionals and stay-cationers for these luxury living facilities.
Rather than simply a concept or forward thinking, PropTech is already here. MSPC is offering the industry solid examples of how it can offer global investors, 3rd party owners and owner/developers of multi-family residential buildings, new ways to invest and hold asset value through tokenization.
Chain of custody via blockchain in assets ensures all parties are aware that all agreements are executed precisely and properly. This builds confidence in the entire process, which is efficient. The platforms created by Shokworks — which also co-created Cryptobucks, the cryptocurrency processing app is preferred by MSPC.
MSPC has spotted and embraces the newest trends in commercial buildings and co-living preferences in residential real estate. The world has already changed — from electric cars to digital currency — and now traditional real estate owners have to join to thrive. Commercial Real Estate Jumps To A Record $193 Billion In Q3, Up 19% From Pre-Pandemic 2019, As Investors Buy CRE For Higher Yields; Metrospaces (OTC: MSPC), A Leader In PropTech Real Estate, Buys Houston Office Building And Shows How Smart Building Rehabs Can Improve Valuation.
Two of MSPC’s key PropTech projects are:
Metrohouse Co-Living is tapping into one of the strongest trends for millennials and GenZ in residential living — co-tenants sharing a turn-key hi tech facility in a desired urban area. This is more than about paying a reduced share of total rent. It is also about creating an eco-environment of like minded professionals — sometimes ‘nomad’ technical workers who can work anywhere. After a prolonged COVID-19 lockdown, potential co-living participants can now enjoy and live in a safe environment they seek in a vetted community they desire.
Metrocrowd Tokenization is a platform for buildings offered to world class real estate principals on the platform. To these tokenized held assets, MSPC plans to offer profitable and unique assets on the new platform. One example case study may be the MSPC-acquired $3.85 million Houston office building.
Both projects illustrate the impact of its new blockchain-driven platforms, enabling JV partners, principals, third-party developers to participate. MSPC can be a principal-to-assets company with tokenized assets on a crypto platform. Oscar Brito, in partnership with tech-partner and now significant minority equity owner partner Shokworks, is applying the new platform to transform the thriving real estate industry.
Commercial Real Estate Jumps To A Record $193 Billion In Q3, Up 19% From Pre-Pandemic 2019, As Investors Buy CRE For Higher Yields; Metrospaces (OTC: MSPC), A Leader In PropTech Real Estate, Buys Houston Office Building And Shows How Smart Building Rehabs Can Improve Valuation.
Learn more about MSPC at metrospaces.com, http://metrospaces.com/
www.metrospaces.io Learn more about Crown Electrokinetics Corp. (NASDAQ: CRKN) at https://www.crownek.com/
Source: Stock Market Press
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