B+E Launches First NNN Online Trading Platform; Joint Venture with RCX Capital Group with Property Offered by Inland
NEW YORK (PRWEB) May 22, 2018 -- The B+E (Brokers+Engineers) trading platform launches today at RECon, The Global Retail Real Estate Convention, offering the first end-to-end solution for buyers and sellers to conduct entire triple net lease (NNN) transactions online. The firm also announced a joint venture with RCX Capital Group to better serve a wide spectrum of 1031 exchange needs.
RCX’s online 1031 Exchange Hub will help 1031 exchangers analyze beneficial interests in Delaware Statutory Trusts (DSTs) offered by Inland and other sponsors, while the B+E platform will help 1031 exchangers facilitate Fee Simple transactions.
“The B+E trading platform consists of user-friendly dashboards, real-time predictive pricing, and an AI-driven exchange -- all leveraging the largest data set in the industry,” said CEO and co-founder Camille Renshaw. “Buyers and sellers can conduct entire Net Lease transactions online, reviewing real-time credit, news, and tenant data while they trade, much like online stock trading platforms.”
“We are also excited to be able to offer our services to 1031 exchangers who use RCX to find replacement options,” Renshaw said. “And we can now point our clients to beneficial interests in DSTs as an alternative.”
The proprietary B+E process reduces the typical friction of legacy systems, enabling best-in-class brokers to focus on the value-add advisory services that matter most to clients. From 1031 exchangers with pressing IRS-mandated timelines, to institutional sellers who need to find the perfect off-the-radar buyer, B+E allows virtually anyone to confidently engage in the net lease real estate market.
“Whether buying, selling or searching, our platform ensures B+E clients get better information, make better decisions and find better deals,” said Renshaw.
RCX Capital Group, a broker-dealer, and its affiliate Registered Investment Advisor, offer a proprietary turn-key white label 1031 solution known as the 1031 Exchange Hub. The 1031 Exchange Hub is a tool that enables RIAs and other investment professionals to educate clients on the merits of effecting a 1031 exchange, to facilitate transactions, and to track their 1031 like-kind transactions on a user friendly online platform. The 1031 Exchange Hub fosters a proactive, collaborative advisory approach and brings together all participants involved in the 1031 process. The platform provides the tools to deliver a sponsor and product-agnostic solution that helps 1031 exchangers navigate replacement property options in both fee simple real estate as well as beneficial interests in Delaware Statutory Trusts (DSTs).
The US NNN market is estimated to have a total market value of $6.5T, consisting of more than 1.3M properties, with greater than $55B in average annual sales volume. Less than 1% of the NNN market trades annually for roughly 11,000 transactions with an average sales price of $5.5M, and 55% of those transactions utilize brokers. The NNN segment consists of industrial, retail, office, medical, and other property types that have a single tenant. NNN property values are unique in that the pricing is not driven strictly by the underlying real estate but also by the lease terms and the single tenant’s credit rating.
With offices in New York, Tampa and San Francisco, B+E sets the new standard for net lease real estate brokerage services and performance.
For more information, go to: http://www.benetlease.com
Press Release Contact:
John Vita
John Steven Vita Communications
John.vita(at)jsvcom(dot)com
847/853-8283
john vita, John Steven Vita Communications, http://www.johnstevenvita.com, +1 (847) 853-8283, [email protected]
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