Digital Realty’s Aaron Binkley on Key Steps to Initiating an ESG Program

Aaron Binkley, senior director of sustainability programs at Digital Realty (NYSE:DLR), participated in a video interview at Nareit’s 2020 ESG JumpStart Workshop, a one-day program to teach Nareit corporate members the core skills needed to launch—or improve—an ESG program of any size.

Binkley discussed some of the most important steps to starting an ESG program from scratch.

“Early on, you want to assess the materiality of the topics you’re going to be focusing on and to do that, you want to be talking to key stakeholders,” he said.

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Shorenstein Sells Santa Clara Towers

SAN FRANCISCO (STL.News) – Shorenstein Properties LLC (“Shorenstein”), an owner and operator of high-quality office, residential and mixed-use properties across the U.S., today announced the sale of Santa Clara Towers to an undisclosed institutional investor. The terms of the transaction were not disclosed.

Prominently located along Highway 101 in the Golden Triangle submarket of Santa Clara, the more than 445,000 square-foot property comprises twin Class A office towers capable of accommodating a range of full floor and multi-tenant configurations. Santa Clara Towers offers convenient access to Route 237 and Interstate 880 and is in close proximity to major hotels, universities and San Jose International Airport.

“We are excited to have reached this agreement for the sale of Santa Clara Towers,” said Jed Brush, Senior Vice President at Shorenstein. “I am confident that under new ownership, Santa Clara Towers will continue to attract a diverse mix of tenants who seek a Class A office experience in the heart of Silicon Valley.”

Shorenstein’s Ninth Fund initially acquired the mezzanine loan on Santa Clara Towers from Lehman Brothers in 2008, and then through a deed in lieu of a foreclosure transaction assumed ownership of the property in 2010. Shorenstein has invested capital to make a number of enhancements to the property, including a full lobby renovation at Tower II, new corridor lighting and elevator finish upgrades. These improvements accompany a strong suite of onsite amenities such as a newly renovated fitness center, indoor pool, spacious parking structure and the iconic Birk’s Restaurant, among others.

Russell Ingrum, Joe Moriarty, Scott Prosser and Jack DePuy with CBRE represented Shorenstein in the transaction.

About Shorenstein Properties LLC

Founded in 1924, Shorenstein Properties LLC is a privately-owned, real estate firm that owns and operates high-quality office, residential and mixed-use properties across the U.S., with offices in San Francisco and New York. Since 1992, Shorenstein has sponsored twelve closed-end investment funds with total equity commitments of $8.8 billion, of which Shorenstein committed $723.5 million. The firm uses its integrated investment and operating capabilities to take advantage of opportunities that, at the particular time in the investment cycle, offer the most attractive returns. Investments have included ground-up developments, asset repositioning and stabilized assets; investment structures have included asset acquisitions, mezzanine loans, preferred equity investments and structured joint ventures. These funds have invested in properties totaling 67 million square feet in transactions with a gross investment value in excess of $16 billion.

About CBRE Group, Inc.

CBRE Group, Inc., a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2018 revenue). The company has more than 90,000 employees (excluding affiliates) and serves real estate investors and occupiers through more than 480 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.

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Homebuyers Flock to Spokane for Affordable Land and Growing Salaries

SEATTLE (STL.News) – (NASDAQ: RDFN) — Spokane, Las Vegas, Charlotte and Orlando are the metros most primed for growth over the next decade, according to a new analysis from Redfin (www.redfin.com), the technology-powered real estate brokerage. As expensive coastal metros struggle to find solutions to rising housing costs, the four metros are already attracting out-of-town homebuyers and, thanks to the low cost of acquiring and developing land for new home construction, each is poised to attract homebuyers for years to come.

Spokane, Washington

Sales of new homes increased 37% in Spokane from Q4 of 2018 to Q4 of 2019 compared to only 5% growth in existing homes. The city is currently the most competitive housing market in the country with a Compete Score™ of 89. That’s in part thanks to significant homebuyer interest from out-of-towners—73% of Redfin searches for homes in Spokane come from homebuyers located outside the metro.

Due to low land acquisition and building costs, Spokane is well suited to absorb all of the potential new migrants. The cost of purchasing land to develop on is a major reason housing supply has lagged behind demand in big expensive cities. In Seattle, land comprises 42% of the value of the homes, but in Spokane, land comprises only 23% of the value of homes, making it harder for homebuilders to turn a profit on land in Seattle than in Spokane. Seattlites, who are used to a median home price of $570,000 will find Spokane homes extremely affordable, regardless of whether they are buying an existing home with a median price of $255,000 or a new home with a median price of $350,000.

“Tons of people are moving in from the coasts because Spokane is more affordable and less crowded,” said Redfin market manager Michelle Kendrick. “Spokane has all of the basics you would want in a city, but at a great price. It feels like we are in a construction boom. A lot of the new construction is happening on the outskirts of the city, which contributes to our version of traffic. To people from out of town the traffic is nothing, but if you have lived here a long time you do notice it. Job growth has also been a draw for out-of-towners. We have a new Amazon distribution center, the airport is expanding, and the medical industry is big and growing.”

Las Vegas, Nevada

In Las Vegas, home sales are growing at the rapid pace of 15.6%, with 47% of homebuyer interest coming from outside the metro. The primary source of out-of-town homebuyers is Los Angeles, where the median home price is $650,000 and land comprises about 61% of home values. In Las Vegas, homebuyers can purchase an existing home for $285,000 or a new home for $388,000. With land comprising only 25% of home values in Las Vegas, new construction is a profitable investment for developers.

“Las Vegas is a pretty competitive market, and I see both new homes and existing homes receiving multiple offers,” said Redfin agent Carol Vandenberg. “I see plenty of buyers from Los Angeles. They are used to the sunshine and the two cities are so connected.”

Charlotte, North Carolina

In Charlotte, home sales are growing at an annual pace of 14.5%. With 40% of search activity coming from outside of the metro, Charlotte—where household incomes are growing 5% annually and jobs grew 2.9% in 2019, well above the national rate of 1.4%—will continue to attract job seekers. Charlotte is well positioned to absorb growth given that land comprises only 28% of home values on average in the metro. Notably, Charlotte is home to one of 2019’s hottest neighborhoods in the country (Wildwood), and that neighborhood has a new housing development under construction.

Orlando, Florida

Jobs, median household income, home sales, and home prices have all been growing in Orlando, where inexpensive land—it comprises only 29% of home values—has also meant growth in new homes sales. Sales of new homes increased 21% in Orlando from Q4 of 2018 to Q4 of 2019 compared to only 5% growth in existing homes.

To read the full report, including research methodology, please visit: https://www.redfin.com/blog/booming-real-estate-markets.

About Redfin
Redfin (www.redfin.com) is a technology-powered real estate brokerage, combining its own full-service agents with modern technology to redefine real estate in the consumer’s favor. Founded by software engineers, Redfin has the country’s #1 brokerage website and offers a host of online tools to consumers, including the Redfin Estimate, the automated home-value estimate with the industry’s lowest published error rate for listed homes. Homebuyers and sellers enjoy a full-service, technology-powered experience from Redfin real estate agents, while saving thousands in commissions. Redfin serves more than 90 major metro areas across the U.S. and Canada. The company has helped customers buy or sell homes worth more than $115 billion.

 

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New Apartment Community, Enclave at Bluffton Park, Aims to Fill the Void of Luxury Rentals Walkable to Old Town Bluffton

BLUFFTON, S.C. (STL.News) – JMG Realty, Inc. (Atlanta) announced today that Enclave at Bluffton Park, a 110-unit luxury multifamily community under construction in Bluffton, South Carolina, will open its doors to the public March 2nd with move-ins expected shortly thereafter. The first building will include both one bedroom apartments and three bedroom townhomes, as well as the leasing office and amenities including a state of the art fitness center, internet café and coffee bar, conference room and a luxury lounging nook for residents. Construction is expected to be complete in mid-2020.

The residences will have high end finishes such as luxury plank flooring, high ceilings, granite counters, subway-tile backsplash, oversized kitchen islands, and stainless-steel appliances. The community features private balconies & patios, many with views of the adjacent nature preserve. One story garden as well as two story townhome floor plans are available, as well as attached and detached garages.

Enclave at Bluffton Park boasts a variety of resort-style amenities including a sparkling pool with covered entertainment pavilion, a spacious clubhouse with 24-hour fitness center & outdoor recreational areas including grills & televisions. Pleasantly situated in a beautiful natural marsh environment, Enclave at Bluffton Park will provide plenty of privacy while it’s ultra-convenient Bluffton Parkway location will allow residents easy access to all that Bluffton & Hilton Head Island have to offer.

Enclave residents can take advantage of the complimentary bicycles that will provide quick access to Old Town Bluffton shops and restaurants, being a mere half mile away and situated on the connecting bike path.

JMG’s Jean Woodworth, Executive Vice President & Partner, said the following: “We look forward to carrying out the developer’s vision to cultivate a lifestyle at the Enclave consistent with the vibrant low-country culture of our neighbors in Old Town Bluffton.” Woodworth also noted that the community has joined the Greater Bluffton Chamber of Commerce and looks forward to being an integral part of the Bluffton business community.

A grand opening is being planned for early Spring. For more information, please visit EnclaveBluffton.com.

ABOUT JMG REALTY, INC:

Headquartered in Atlanta, Georgia, JMG Realty, Inc., is a fully-disciplined real estate company, concentrating in the redevelopment and new construction, financial services, and management of multifamily real estate properties for both private and institutional owners. The firm currently manages over $5 billion in assets comprised of over 30,000 units.

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Redfin Expands Real Estate Brokerage and Search Site to Flagstaff, Arizona

SEATTLE (STL.News) – Redfin (www.redfin.com), the tech-powered real estate brokerage, announced its launch today in Flagstaff, Arizona. People can now buy and sell homes with Redfin’s full-service agents and use Redfin’s industry-leading website and iOS and Android app to search for homes for sale in Flagstaff. Homebuyers can receive instant updates on their phones the moment a new home hits the market and book a home tour with a Redfin agent with the click of a button.

By using technology to make the buying and selling process more efficient, Redfin’s local agents are able to provide full service and charge a lower fee, saving customers $8,200 on average. Redfin refunds a portion of its commission to its home-buying clients. Redfin agents sell homes for a 1% listing fee provided the seller also buys her next home with Redfin.* A homeowner selling a $300,000 home could save $6,000 by working with a Redfin agent rather than a traditional agent charging a 3% listing fee.* Redfin agents provide a complete home-selling service including pricing and staging advice, free professional photography, a 3D virtual tour and digital marketing, and prominent placement on Redfin.com, the most-visited brokerage website in America.

Redfin’s unique brokerage model is built around the company’s mission to redefine real estate in the consumer’s favor. Redfin agents are employees, who are paid a salary and receive bonuses for every home sale. Redfin asks every customer to review the service they received from their Redfin agent and publishes every review on its agents’ online profiles, which creates greater transparency and accountability.

The addition of Flagstaff extends Redfin’s service in the Southwest, which includes Phoenix, Tucson, Las Vegas, Albuquerque and Salt Lake City.

“I’m thrilled to introduce Redfin and our customer-first approach to the Flagstaff community,” said Cody Bauer, a real estate agent and team manager for Redfin in Flagstaff. “Flagstaff has a vibrant economy anchored by Northern Arizona University, a charming, historic downtown, and beautiful natural surroundings that provide year-round outdoor activities from hiking to skiing. It’s no wonder the area is attractive to full-time residents and folks looking for second homes and investment properties. With our local expertise, national footprint and leading brokerage website, Redfin is well-positioned to serve buyers and sellers moving within Flagstaff, as well as the many folks who are migrating to the area from Phoenix, Las Vegas, Colorado, California and beyond.”

With the arrival of Redfin comes a host of technology features that benefit both website users and brokerage clients:

Book It Now: A tool to instantly schedule a home tour with a Redfin agent with a single click from a browser, iPhone, iPad or Android app.
Redfin Estimate: A highly accurate calculation of the market value of an individual home.
Redfin 3D Walkthrough: High-resolution, interactive views from every angle inside homes listed with a Redfin agent.
Instant Updates: Smartphone or email notifications when new homes hit the market or when prices drop.
Tour and Offer Insights: Real-time statistics and notes from Redfin agents about thousands of homes and offers.
Redfin Matchmaker: Software that recommends listings to Redfin clients.
Deal Room: A real-time guide through the closing process, including milestones, deadlines and tasks.
To find or sell a house in Flagstaff and connect with a local agent visit redfin.com. Learn more about working at Redfin and apply for open positions at redfin.com/careers.

*To be eligible for a 1% listing fee, you must purchase a home with Redfin within one year of selling your home with Redfin. Full terms and conditions are available at https://www.redfin.com/disclaimer.

About Redfin

Redfin (www.redfin.com) is a technology-powered real estate brokerage, combining its own full-service agents with modern technology to redefine real estate in the consumer’s favor. Founded by software engineers, Redfin has the country’s #1 brokerage website and offers a host of online tools to consumers, including the Redfin Estimate, the automated home-value estimate with the industry’s lowest published error rate for listed homes. Homebuyers and sellers enjoy a full-service, technology-powered experience from Redfin real estate agents, while saving thousands in commissions. Redfin serves more than 90 major metro areas across the U.S. and Canada. The company has closed more than $115 billion in home sales.

For more information or to contact a local Redfin real estate agent, visit www.redfin.com. To learn about housing market trends and download data, visit the Redfin Data Center. To be added to Redfin’s press release distribution list, subscribe here. To view Redfin’s press center, click here.

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HGTV Dream Home 2020 on Hilton Head Island, South Carolina Sweepstakes to Close on February 19

NEW YORK (STL.News) – The HGTV® Dream Home 2020 located on Hilton Head Island, South Carolina will close its sweepstakes on February 19, 2020 at 5 p.m. ET. The prize package, valued at over $2 million, includes the fully furnished home, a brand-new Honda Passport Elite and $250,000 from Rocket Mortgage® by Quicken Loans®. Eligible entrants can enter twice per day during the final week of the sweepstakes at HGTV.com/HGTVDreamHome for their chance to win. Here they will also find additional sweepstakes details and the official rules.

The approximately 3,500 square foot Southern style home is located on the heart of Hilton Head Island, South Carolina, which was named America’s Best Island four years in a row. One lucky winner will receive this three-bedroom and three-and-a-half-bathroom two-story home, which has been rendered in jewel-tones blues and restful greens, along with nostalgic neutrals and pops of coral and blush to reflect the costal vibes of the island. The home is in Windmill Harbour, a private community adjacent to the Intracoastal Waterway, and home of the South Carolina Yacht Club. The property offers spectacular views from the retractable screen porch that extends the length of the home and looks out onto the marsh.

The home was designed by local architect Court Atkins Group and constructed by local builder Shoreline Construction with interior design from Brian Patrick Flynn. The winner of the home will be featured on the HGTV Dream Home Giveaway Special 2020 on HGTV airing in May 2020.

Sponsors of the HGTV Dream Home 2020 include Honda, Lumber Liquidators, Rocket Mortgage® by Quicken Loans®, Wayfair, Belgard®, Cabinets To Go, Delta Faucet, Trex®, GEICO, The Sherwin-Williams Company, SimpliSafe Home Security, Sleep Number®, Morton Salt and Hilton Head Island-Bluffton Chamber of Commerce. To learn more about the giveaway, visit HGTV.com/HGTVDreamHome.

About HGTV

HGTV delivers families with relatable stories, superstar real estate and renovation experts and amazing home transformations that inspire a passionate audience. For anyone seeking entertaining and aspirational home and lifestyle content, HGTV is the place to be. HGTV offers: a top 10 cable network that is distributed to more than 88 million U.S. households; a website, HGTV.com, that attracts an average of 9.7 million people each month; a social footprint of 16.8 million; HGTV Magazine, a monthly publication that reaches more than one million readers and exclusive collections of home-oriented products through the HGTV HOME™ consumer products line. Viewers can become fans of HGTV and interact with other home improvement enthusiasts through Facebook, Twitter, Pinterest and Instagram. HGTV is owned by Discovery, Inc., a global leader in real life entertainment spanning 220 countries and territories, whose portfolio also includes Discovery Channel, Food Network, TLC, Investigation Discovery, and OWN: Oprah Winfrey Network.

About Discovery

Discovery, Inc. (Nasdaq: DISCA, DISCB, DISCK) is a global leader in real life entertainment, serving a passionate audience of superfans around the world with content that inspires, informs and entertains. Discovery delivers over 8,000 hours of original programming each year and has category leadership across deeply loved content genres around the world. Available in 220 countries and territories and nearly 50 languages, Discovery is a platform innovator, reaching viewers on all screens, including TV Everywhere products such as the GO portfolio of apps; direct-to-consumer streaming services such as Eurosport Player and MotorTrend OnDemand; digital-first and social content from Group Nine Media; a landmark natural history and factual content partnership with the BBC; and a strategic alliance with PGA TOUR to create the international home of golf. Discovery’s portfolio of premium brands includes Discovery Channel, HGTV, Food Network, TLC, Investigation Discovery, Travel Channel, MotorTrend, Animal Planet, and Science Channel, as well as OWN: Oprah Winfrey Network in the U.S., Discovery Kids in Latin America, and Eurosport, the leading provider of locally relevant, premium sports and Home of the Olympic Games across Europe. For more information, please visit https://corporate.discovery.com/ and follow @DiscoveryIncTV across social platforms.

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planetRE Announces Consumer App with Lifestyle Property Search and Transactions

SAN JOSE, Calif. (STL.News) – planetRE, the nation’s leading enterprise cloud vendor for online real estate, announced a high performance consumer app allowing consumers to collaborate with their real estate agents on the entire deal flow cycle.

Starting with Lifestyle property search, property alert notifications, school & neighborhood data, the digital experience is now augmented to a new level with contract management, E-signatures, deal status all under one app login. Clients can make transaction archive and stay in touch with their agents long after deal closing.

Property Searches and alerts have been inadequate with low search quality resulting in frustrating trial and errors. The innovative Patent Pending Lifestyle Property Search offers precision in the search and alert process using Monthly Payments, Commute, School, Noise Tolerance and other lifestyle choices as an integral part of search. Consumers can communicate with the agent via Chat, Email, Voice with logs. Once converted to a sale, they could see real time status on loans, escrow, inspections milestones, documents and other alerts shared by agent and sign contracts with ease using build in E-signatures.

The app back end is powered by a high performance patented CRM and a transaction management database with a native SOC2 compliant E-signatures. This allows high degree of transparency between agent and the consumer. The transaction management is a multi-party collaboration system than can allow agents to bring in consumers, participating lenders, lawyers, title companies and others with role based access on the same transaction backbone.

“Consumer needs ease and precision in search and transparency in deal cycle,” said Subrao Shenoy, CEO of planetRE.” We intend to take the entire consumer experience to a whole new level with the new agent branded consumer app.”

About planetRE

planetRE is a privately held, leading cloud vendor, providing Enterprise software to the real estate industry. Headquartered in Silicon Valley, CA; its primary mission is to provide cutting edge cloud platforms to the global real estate industry in areas of Online Marketing, Transaction and Financial Management. More information about planetRE Transact can be found on www.planetre.com.

planetRE, planetRE Socialite, planetRE Transact are trademarks. All other registered trademarks are the property of their respective holders.

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MGM Resorts, MGM Growth Properties and Blackstone Real Estate Income Trust Announce Completion of MGP/BREIT Joint Venture’s Acquisition of the MGM Grand Las Vegas and Mandalay Bay Real Estate for $4.6 Billion

LAS VEGAS and NEW YORK (STL.News) – MGM Resorts International (“MGM Resorts”) (NYSE: MGM), MGM Growth Properties LLC (“MGP”) (NYSE: MGP) and Blackstone Real Estate Income Trust (“BREIT”) today announced the closing of the previously announced transaction for a joint venture formed between MGP and BREIT to acquire the Las Vegas real estate assets of the MGM Grand and Mandalay Bay for $4.6 billion. In addition, BREIT has purchased approximately 4.9 million MGP Class A shares at a price of $30.67 per share.

In connection with the completion of the transaction, MGM Resorts has entered into a long-term triple net master lease for both properties, and will continue to manage, operate and be responsible for all aspects of the properties on a day-to-day basis, with the joint venture owning the properties and receiving rent payments. MGM has also provided a full corporate guarantee of rent payments.

The transaction was announced on January 14, 2020.

About MGM Resorts International

MGM Resorts International (NYSE: MGM) is an S&P 500® global entertainment company with national and international locations featuring best-in-class hotels and casinos, state-of-the-art meetings and conference spaces, incredible live and theatrical entertainment experiences, and an extensive array of restaurant, nightlife and retail offerings. MGM Resorts creates immersive, iconic experiences through its suite of Las Vegas-inspired brands. The MGM Resorts portfolio encompasses 29 unique hotel and destination gaming offerings including some of the most recognizable resort brands in the industry. Expanding throughout the U.S. and around the world, the company recently acquired the operations of Empire City Casino in New York and Hard Rock Rocksino in Ohio, which was rebranded as MGM Northfield Park. In 2018, MGM Resorts opened MGM Springfield in Massachusetts, MGM COTAI in Macau, and the first Bellagio-branded hotel in Shanghai. The over 80,000 global employees of MGM Resorts are proud of their company for being recognized as one of FORTUNE® Magazine’s World’s Most Admired Companies®. For more information visit us at www.mgmresorts.com.

About MGM Growth Properties LLC

MGM Growth Properties LLC (NYSE:MGP) is one of the leading publicly traded real estate investment trusts engaged in the acquisition, ownership and leasing of large-scale destination entertainment and leisure resorts, whose diverse amenities include casino gaming, hotel, convention, dining, entertainment and retail offerings. MGP currently owns a portfolio of properties, consisting of 11 premier destination resorts in Las Vegas and elsewhere across the United States, MGM Northfield Park in Northfield, OH, Empire Resort Casino in Yonkers, NY, as well as a retail and entertainment district, The Park in Las Vegas. As of December 31, 2018, our destination resorts, the Park, and MGM Northfield Park collectively comprise approximately 27,400 hotel rooms, 2.7 million convention square footage, 150 retail outlets, 300 food and beverage outlets and 20 entertainment venues. As a growth-oriented public real estate entity, MGP expects its relationship with MGM Resorts and other entertainment providers to attractively position MGP for the acquisition of additional properties across the entertainment, hospitality and leisure industries. For more information about MGP, visit the Company’s website at http://www.mgmgrowthproperties.com.

About Blackstone Real Estate Income Trust

Blackstone Real Estate Income Trust, Inc. (“BREIT”) is a perpetual-life, institutional quality real estate investment platform that brings private real estate to income focused investors. BREIT invests in stabilized, income-generating U.S. commercial real estate across the key property types and to a lesser extent in real estate-related securities. BREIT is externally managed by a subsidiary of Blackstone (NYSE: BX), a global leader in real estate investing. Blackstone’s real estate business was founded in 1991 and has approximately $163 billion in investor capital under management. Further information is available at www.breit.com.

Forward-Looking Statements

Certain information contained in this press release constitutes “forward-looking statements” within the meaning of the federal securities laws and the Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by the use of forward-looking terminology or the negatives thereof. These may include BREIT’s, MGM Resorts’ or MGP’s financial projections and estimates and their underlying assumptions, statements about plans, objectives and expectations with respect to future operations, and statements regarding future performance. Such forward-looking statements are inherently uncertain and there are or may be important factors that could cause actual outcomes or results to differ materially from those indicated in such statements. BREIT, MGM Resorts and MGP believe such factors include the continuation of operations at the joint venture under the new arrangement. BREIT, MGM Resorts and MGP believe these factors also include but are not limited to those described under the section entitled “Risk Factors” in their respective prospectuses and annual reports for the most recent fiscal year, and any such updated factors included in their periodic filings with the Securities and Exchange Commission (the “SEC”), which are accessible on the SEC’s website at www.sec.gov. These factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements that are included in this press release (or BREIT’s, MGM Resorts’ or MGP’s prospectuses and other filings). Except as otherwise required by federal securities laws, none of BREIT, MGM Resorts or MGP undertakes an obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future developments or otherwise.

 

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Picture It Staging™ Announces Brand Ambassador Program

WESTPORT, Conn. (STL.News) – Picture It Staging, (www.PictureItStaging.com) the company that is helping real estate agents sell houses faster through its innovative Virtual Staging and Virtual Remodel services announced today the roll-out of its industry-leading Brand Ambassador program.

“Over the past year we’ve heard from many agents and office managers who want to help colleagues sell their listings faster with Picture It’s Virtually staged pictures,” said Picture It’s CEO James Hamer. “We felt it made sense to enlist them in a more formal way with training and resources. Our goal is to have Picture It Brand Ambassadors in each of the top 50 markets by the end of 2020.”

“This has been a big year for Picture It as our services have helped hundreds of agents sell their listings without the need for costly home staging or renovation. Our proprietary platform delivers virtually staged and renovated rooms faster and easier with unmatched quality,” added Hamer. “Our Brand Ambassador program gives real estate agents an opportunity to share our story and support other agents. Real Estate selling is a team sport and our Brand Ambassadors will be the team-mates who understand the power and flexibility of Virtual Staging and will be the go-to resource for inspiration and information.”

Picture It offers a variety of Virtual Staging services to suit the needs for today’s market:

Unclutter Rooms
Redecorate Rooms
Remove furniture
Show multiple lay-out scenarios
Change kitchen cabinets including colors
Choose from a wide variety of styles, colors and designs
If you can imagine it – we can do it.

Visit: www.PictureItStaging.com/#pricing

James Hamer adds, “Picture It Staging’s proprietary technology continues to define the future of home staging. Agents no longer need to shell out thousands of dollars to make their listings appeal to the masses.”

About Picture It Staging™

Picture It Staging™ is the Westport, CT based technology company that is changing the way homes are sold through the use of digitally re-mastered photographs expressing what rooms could look like or should look like with its proprietary Virtual Staging and Remodeling services that deliver better pictures faster and with more decorative, color, style and remodel options.

Picture It’s Virtually Staged photos help Real Estate Agents sell their listing faster, and for more money.

For more information on Picture It Staging, visit www.PictureItStaging.com.

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