ABC SUPPLY CO. INC. COMPLETES ACQUISITION OF US LBM DIVISIONS

ABC Supply Co. Inc. has completed the acquisition of the following specialty distribution businesses from US LBM: Feldman Lumber, Richardson Gypsum, Rosen Materials, Wallboard Supply Company and Coastal Roofing Supply. The interior product businesses of Feldman Lumber, Richardson Gypsum, Rosen Materi-

PREA FOUNDATION INVESTS $10.8M IN SEO CAREER

als and Wallboard Supply Company will operate under L&W Supply and Coastal Roofing Supply will operate under ABC Supply.

“We look forward to welcoming the new businesses into the ABC Supply family,” said Dan Piché, L&W Supply president.

Pension Real Estate Association (PREA) Foundation has approved an $8 million investment into Sponsors for Educational Opportunity (SEO) Career over five years to continue developing and placing a pipeline of Black, Hispanic and Native American interns and entry-level candidates at top real estate firms.

The grant will allow SEO Career to expose 2,600 students to education events on-campus with partner schools and real estate-themed training boot camps for freshmen and sophomores in multiple cities, including Chicago, New York, Washington, D.C., Boston, Atlanta, Los Angeles and Philadelphia.

VALET LIVING, BH MANAGEMENT ANNOUNCE NATIONAL PARTNERSHIP AGREEMENT

Valet Living, the residential amenities provider to the multifamily housing industry, announced a national partnership agreement with BH Management Services (BH), a property management group with more than 100,000 homes under management. Valet Living provides amenity services for more than half of BH's portfolio.

The agreement, which extends the longstanding relationship between Valet Living and BH for several years, includes amenities and services such as: Valet Living Doorstep, Torch Fitness and Quick Turns, among others.

Broad Street Development Launches Paradigm Advisory Group

Broad Street Development LLC

(BSD) launched a new consulting arm, Paradigm Advisory Group, founded by BSD Principals Raymond Chalme and Daniel Blanco.

Paradigm protects and enhances the value of distressed real estate assets on behalf of lenders, borrow- ers and special servicers. It provides value-added asset management, construction, property management and leasing in the office and residential sectors.

Clients will benefit from the handson expertise BSD has developed over the past 30 years.

CROSSCOUNTRY MORTGAGE OFFERS DOWN PAYMENT AID TO FIRST-TIME BUYERS GFP REAL ESTATE LAUNCHES 2023 SUMMER CONCERT TICKET GIVEAWAY

In an effort to make home ownership more accessible in underserved communities, CrossCountry Mortgage (CCM) has launched the Freddie Mac BorrowSmart Access program. The program provides borrowers with up to $3,000 that can be used toward a down payment and/ or closing cost assistance.

BorrowSmart Access is available to qualified first-time homebuyers in Metro Atlanta; greater Chicago; Metro Detroit; El Paso, Texas; Metro Houston; McAllen-Edinburg-Mission, Texas; greater Memphis; greater Miami-Fort Lauderdale, Florida; Metro Philadelphia-Camden-Wilmington and St. Louis.

As a means of celebrating — and rewarding — tenants returning to work in person and rebuilding their work community, GFP Real Estate launched a 2023 Summer Concert Giveaway contest available exclusively to its tenants to win tickets to some of the summer’s most sought-after concerts.

Tenants across GFP’s portfolio can enter daily to win one of 238 pairs of tickets to see performers including Beyoncé, Guns N’ Roses and Bruce Springsteen at MetLife Stadium. Winners will receive complimentary food and beverages while enjoying the concert from a VIP suite at MetLife Stadium.

Homma Group And Diamond Realty Investments To Create Smart Homes

Homma Group Inc., a hybridized technology developer, designer and builder of turnkey smart homes, is partnering with Mitsubishi Corporation's real estate investment subsidiary, Diamond Realty Investments Inc. (DRI). Homma develops proprietary technology for homes — blended with modern architecture and design, and sourced quality materials — to create harmonious living experiences.

In their first joint development, Homma and DRI are working with Alamo Manhattan on 30 rental units in the Willamette Tower currently under construction in Portland, Oregon.

Rentspree Launches Pro Plan Designed To Support Agents

Rental management software provider RentSpree has introduced RentSpree Pro, a subscription service that bundles transaction and marketing tools for agents to help streamline the rental process.

Pro combines existing transactional capabilities in RentSpree’s offering, such as RentSpree's online rental application and tenant screening, with brand new tools to ensure RentSpree is a one-stop shop for agents and their rental clients alike, the companies said.

The RentSpree Pro subscription is $19.99 per month.

RESTB.AI LAUNCHES AI-POWERED PROPERTY DESCRIPTIONS FOR U.S. REAL ESTATE

Image recognition and data enrichment solutions provider Restb.ai is launching its AI-powered property descriptions technology for the U.S. and Canadian real estate industry.

The Restb.ai technology uses AI-powered computer vision, natural language processing (NLP) and large language models (LLM) to generate unique and human-like property descriptions from photos and data provided by agents when listing properties for sale in the Multiple Listing Service (MLS).

It is available to MLSs, MLS vendors, brokerages and portals.