NEWS BRIEFS
NATIONAL UPDATES
represented by the brand. Cohen has more than 20 years of experience in marketing and management, including 10 years as CEO for $1.3 billion, NASDAQ-listed company Caesarstone USA. Previously, he held key leadership roles at Paz Oil Co. Ltd. and Strauss Marketing Ltd. Cohen received his B.A. in management and political science from Tel Aviv University and studied executive retail and marketing studies at Oxford University. Cohen has been recognized as Outstanding CEO by Dun & Bradstreet, Best Marketing Executive by the Israel Advertising Association and won a prestigious Effie Award for Most Effective Advertising Campaign in 2005, in recognition of his work promoting Paz’s Yellow convenience stores.
years, first as president and chief operating officer in June 2010 before becoming president and CEO in January 2013. Young returns to the Coldwell Banker brand after serving as president and CEO of ERA Franchise Systems LLC since 2009. Prior to that, Young spent five years in senior execu- tive leadership roles with Coldwell Banker Real Estate. Both franchise brands are subsidiaries of Realogy Holdings Corp. SUSAN YANNACCONE succeeds Charlie Young as pres- ident and CEO of ERA Franchise Systems LLC. Yannac- cone moves up from ERA’s chief operating officer, bring- ing two decades of experience in real estate franchising and sales. Prior to joining ERA, Yannaccone served in a number of senior executive leadership roles at competing national and international real estate franchise brands with responsibilities ranging from network servicing to operations. She began her career in commercial real estate sales before moving into residential real estate. Recently, Yannaccone earned recognition as a 2016 Woman Worth Watching by the Profiles in Diversity Journal, and in 2015 was named as a Woman of Influence by Housing Wire. She is a graduate of Clemson University, with a bachelor’s degree in financial management. • MOBILE APP BILLEDAS ‘DISRUPTOR’ TO COMMERCIAL REAL ESTATE INDUSTRY Eastern Union Funding, a leading U.S. commercial mortgage company, has introduced a free mobile app de- signed to be a welcome disruptor to a side of the real estate industry that has lagged in embracing technology. The free app—available in the Apple App Store and via Google Play for Android—gives industry
NATIONAL TENANT NETWORK OPENS MEMPHIS OFFICE
WHAT REAL ESTATE INVESTORS HAVE KNOWNALLALONG Results of a recent national survey by Bankrate validate what real estate investors have always known: that real es- tate is a great wealth-building tool, pre- ferred over stocks and bonds, CDs, gold and other precious metals. In late July, when Bankrate’s Finan-
National Tenant Network recently opened a Memphis office, from which all of the company’s Tennessee operations will be overseen. Asia and Marc Mason will manage the new office. NTN is a national tenant screening company with more than 35 years of experience in tenant selection that serves real estate investors and property managers from 20 regional offices. For information about its services or NTN’s suite of secure products, go to www.ntnonline.com or call 800-228- 0989. NTN Tennessee may be contacted at NTNTennessee@ ntnonline.com or by calling 1-888-767-7386. •
cial Security Index asked, “Which would be the best way to invest money you wouldn’t need for more than 10 years,” 25 percent of respon- dents chose real estate, followed by cash investments (23 percent), gold or precious
SOURCE :: National Tenant Network
CARTER MURDOCH , Ph.D., has been appointed to the newly created role of senior vice president of operations by the Realogy Franchise Group (RFG), a global leader in real estate franchising. Murdoch will oversee RFG’s Centers of Excellence, which provide expertise, support and solutions for Realogy-af- filiated brokers across all of its brands
metals (16 percent), the stock market (16 percent), bonds (5 percent), none of these (6 percent) and no answer (9 percent). As real estate investment firm Holdfolio’s co-founder Ster- ling White told Bankrate.com: “Houses are tangible. You can physically see and feel the product. So you know where your money is going: It’s going into that house. With stocks, you have no clue where your money is going.” The caveat is that an investment property cannot be turned around overnight if the owner needs cash. Plus, Avani Ramnani, CFP and director of financial planning and wealth management at Francis Financial, told Bankrate.com, “When you need the money, you don’t know what the real estate market is going to do.” So due diligence should always be a part of any investor’s strategy. Other findings by the Bankrate Financial Security Index— which gauges respondents’ feelings about debt, savings, net worth, job security and their overall financial situation—include: • An improving sense of financial well-being • A slight decline in feelings of job security • Some indication of investors’ uncertainty about the future • BLACKSTONE TO TAKE INVITATION HOMES PUBLIC, REPORTS SAY Media reports indicate that investment firm Blackstone Group LP may go public with its Invitation Homes unit in the first half of 2017, although Blackstone isn’t saying. Bloomberg cited “two people familiar with the matter” in its report. Speculation is that Invitation Homes, the country’s larg- est single-family rental landlord, would go public as a real estate investment trust. Invitation Homes was born out of SOURCE :: Bankrate.com
PEOPLE IN THE NEWS Longtime commercial real estate industry executive ERIC PAULSEN has joined Ten-X as senior vice president of business development. In his new role, Paulsen will oversee
Ten-X Commercial’s Private Client Group, a growing division within Ten-X, which is focused on the community of private investors buying and selling commercial properties on the company’s innovative online transaction platform. Paulsen has nearly three decades of experience in commercial real estate, including more than 11 years as an executive at CBRE
in the specific areas of business development, data, learn- ing and technology deployment. Murdoch most recently held the role of senior vice president, strategic growth and industry relations at Century 21 Real Estate LLC, which is part of the Realogy Franchise Group. He also has more than 20 years of operational management experience in the mortgage and banking industries. First Capital Real Estate Investments, LLC has hired ROBERT BURKE as executive vice president of sales and Miguel Aguilar as regional vice president of sales for the Midwest region. Burke will be responsible for oversee- ing sales nationwide for the firm, which is the sponsor of commercial real estate investment programs including the public nontraded REIT, First Capital Real Estate Trust In- corporated. He has more than 13 years of experience within the financial services industry across product development, product management, wholesale distribution, investment banking and financial planning. CHARLIE YOUNG takes over as president and CEO of Coldwell Banker Real Estate LLC on Sept. 1, 2016, as Budge Huskey retires after 18 years with the Coldwell Banker system in both franchising and brokerage executive roles. Huskey led the Coldwell Banker brand for the past six
Group, 12 years as vice president of national acquisitions at LNR Property and a three-plus year stint at Ten-X (then Auction.com), where he played a critical role in growing the company’s commercial business before departing in 2014. He most recently served as senior vice president at Prism Realty Corporation in southern California. Paulsen has been directly involved in the buying, selling or asset managing of over $10 billion in commercial real estate in all product types across the United States.
professionals access to proprietary data; sophisticated, real-time trans- action tools; and a curated newsfeed.
The information will include “the same calculators, vendor contracts and detailed data that our brokers have at their fingertips when advis- ing clients,” according to Ira Zlotowitz, president and co-founder of Eastern Union
SAGI COHEN recently took over as chief executive of the Peak Corporate Network, which oversees a group of companies providing a comprehensive set of real estate services nationwide. As CEO, Cohen manages the organization’s support, sales and marketing units as well as the operations of all the entities
Funding. “Other information, such as interest rates from particular banks, is typically only available by calling brokers or lenders themselves.” For more information, visit www.easternuc.com. •
SOURCE :: Eastern Union Funding
8 | think realty magazine september :: october 2016
thinkrealty . com / mag | 9
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