Commercial and Multifamily Briefs from Revere CRE, Walker & Dunlop
Revere CRE Closes $5 Million Funding Round Led by RET Ventures
Revere, a capital markets network and deal marketplace for commercial real estate brokers, developers, owners, lenders and investors, closed a $5 million funding round led by RET Ventures.
The funding also included participation from investors including Related Cos., Holland Partner Group, The Feil Organization, Driftwood Capital, Davis Development, Essence Development, Jamie Henderson (Executive Vice President & Head of CRE at Capital One) and Jeff Staubach (Founding Partner at Staubach Capital).
Launched in May 2021, Revere is an invitation-only online marketplace for capital markets professionals looking to buy or sell a building, finance a project and expand their network. Revere provides access to thousands of dealmakers and allows equity, debt and investment sales teams to manage their entire capital markets workflow from sourcing to close on one platform. There is no commission tied to any transaction facilitated on Revere. Members pay a flat monthly fee.
A landlord, broker or capital provider builds an individual profile, serving as their digital business card. Users can then search and discover vast amounts of first party capital markets data on people, companies and transactions. Rather than spreadsheets and lengthy reports, users can automate deal marketing and feedback aggregation through matchmaking algorithms and workflow automation.
Walker & Dunlop Closes GeoPhy Acquisition
Walker & Dunlop, Bethesda, Md., closed on the previously announced acquisition of commercial real estate technology company GeoPhy.
Walker & Dunlop acquired GeoPhy for $85 million in cash paid at closing with an additional $205 million of cash earn-out potential structured to directly align with Walker & Dunlop’s Drive to ’25 goals surrounding growth in appraisal revenues, SBL volumes and mortgage banking gains.
SVN Expands Presence in Rio Grande Valley, Texas
SVN International Corp., Boston, announced the addition of its newest franchise office, SVN Kingside Realty in Weslaco, Texas in the Rio Grande Valley region.
Managing Director Zachary Sunderland, a commercial real estate broker specializing in multifamily sales and management, established Kingside Realty in 2019. He has more than five years of multifamily real estate experience.
