In the past decade, real estate has shifted from being at the center of a crisis to an era of innovation, having undergone massive changes in how the industry functions.
A Comparably survey asked employees to rate their leaders, starting from the C-Suite and working down to direct managers. Based on anonymous responses over a one-year period, Comparably created a list of the best leadership teams in companies across the United States.
Comparably’s annual Best Leadership Teams 2019 represents the best management teams as rated by their employees. The award winners are segmented into two ranked lists: Top 50 management teams from large companies (more than 500 employees) and Top 50 management teams from small/mid-size companies (less than 500 employees).
The winners have "have very clear visions as leaders. They are empathetic and take in the feedback of their teams. They set very clear goals, and they are hitting and exceeding those goals," Nazar said.
PeerStreet hired nearly 100 employees in the last year, and along with that hiring push it has taken a more active role in promoting and supporting diversity and inclusivity on its teams.
Some of the most successful companies in the world today are two-sided marketplaces: Consider those which are household names, such as Amazon, Uber and Airbnb, as well as niche power players, like Zenefits, Upwork and Seamless. All have had a disruptive impact within their respective industries.
“We are currently experiencing great demand from investors of all stripes, including institutional investors, and we are lucky to be able to bring someone of Deepa’s caliber on board to manage this growth,” said Brew Johnson, co-founder and CEO of PeerStreet.
According to a release from PeerStreet, Wall Street veteran Deepa Salastekar has been appointed as the Vice President of Institutional Sales. Salastekar has a hefty resume when it comes to traditional and innovative finance.
This past March, PeerStreet, a real estate crowdfunding platform, announced that it had topped $2 billion in transactions and over $1 billion in Assets Under Management. Three months early in January, that transaction stood at $1.7 billion.
If you go to Groundfloor, you've got commercial real estate. Residential real estate. There are a lot of these companies. CrowdStreet, PeerStreet, and OurCrowd that are not early stage venture capital focused.
PeerStreet, a platform for investing in real-estate backed loans, has completed a system integration with Liquid Logics’ loan origination software platform. The move is in line with PeerStreet’s mission to build a stronger, more modern and more transparent marketplace for private lenders and accredited investors.
“Investors do not want to be locked up in a 30-year loan,” Crosby told Inman, adding that they are not likely to put the loan out directly to retail customers. “Now we can allow borrowers to access more capital both through our existing lender base and through our new lender bases.”
"If you look at the large companies list, you see that they are driving toward using AI, automation and machine learning," said Jason Nazar, CEO and Founder of Comparably. "Their core business is at the forefront of a massively changing tech industry."
“We’re very excited to be expanding our marketplace by offering Residential for Rent loans. This is a natural progression for us as a company as we increase our volume of transactions with institutional investors,” said Brew Johnson, Co-Founder and Chief Executive Officer of PeerStreet. “Our move into this asset class is important to continue to support the growth of our private lending partners and help them better serve their borrowers.”
Because of the product’s long-term investment opportunity, PeerStreet said it is currently offering it to its pool of institutional investors who have an appetite for this asset class.
“For PeerStreet’s network of private lenders, this presents an opportunity to do more business with their borrowers, in addition to attracting new customers who need long term financing rather than short term bridge loans.”
esidential for Rent loans have a 30-year term so borrowers can secure long-term financing for residential rental properties. This launch is in response to key market conditions: as more people struggle to finance buying a home, the rental market has continued to grow.
In 2014, he decided it was time to throw his hat back into the ring with another company, and became the Co-founder and Chief Operating Officer of PeerStreet, a platform for investing in real estate backed loans. He crafts the company’s strategy, product and messaging.
PeerStreet has announced the hiring of two executives with extensive experience in the financial services and real estate sectors: Ellen Coleman as Executive Vice President of Finance and Bob Brown as Executive Vice President of Finance & Corporate Development.
PeerStreet, an investing platform for real estate-backed loans, hired two executives in the financial and real estate industry to help scale and expand the overall platform as well as its finance and credit operations.
“These are particularly exciting hires for us, because they build upon the strong financial foundation we’ve already set, while better preparing us for our growth trajectory – in 2019 and beyond,” said PeerStreet Co-Founder and CEO Brew Johnson.
Highly rated real estate investment platform PeerStreet has hired two new executives with extensive experience in the financial services and real estate sectors. PeerStreet reports that Ellen Coleman has joined the platform as Executive Vice President of Finance. Additionally, Bob Brown has been hired as Executive Vice President of Finance & Corporate Development.
LendIt announced this week the finalists for its third annual LendIt FintechIndustry Awards. According to the organization, this year’s event will take place on April 9th and bring together 400 Fintech influencers and innovators to celebrate outstanding achievement in 21 unique categories.
Technology represents the greatest opportunity for growth in the multifamily sector, according to PeerStreet Underwriting Manager Nia Patel, a 2018 HousingWire Rising Star.