In the multifamily sector, direct acquisitions already represent 40% of market place transactions.
AUSTIN, TX—Offerd, an integrated commercial real estate technology and investment firm, has launched the first and only direct buying platform for multifamily. With players such as Zillow, Offerpad and Opendoor driving the single family iBuying industry, Offerd through its Offers program brings something similar to the massive multifamily sector where direct acquisitions already represent 40% of market place transactions.
Giving free access to its best in class valuation estimate is Offerd's first step in providing investors and brokers an idea of what their asset might be worth. From there, owners and brokers can confirm a few details to receive a more accurate offer within three business days, avoiding brokerage fees and increasing certainty to close through Offerd's partnership with best in class operators.
For the brokerage community, Offerd has another compelling offer. As brokerage fees have seen ever greater compression, Offerd mitigates this compression by paying brokers a 1% buy-side fee for off-market deals regardless of what is earned on the sell side.
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Lisa Brown
Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.
