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AppFolio Inc (APPF) Q1 2021 Earnings Call Transcript

Operator Good day and thank you for standing by. Welcome to the AppFolio, Inc. First Quarter 2021 Financial Results Conference Call. At this time, all participants are in a listen-only mode. Please be advised that today s conference is being recorded. [Operator Instructions] I will now hand it over to the presenter, Ms. Erica Abrams. You may begin your conference. Erica Abrams Head of Investor Relations Thank you, Maria. Good afternoon, ladies and gentlemen, and thank you for joining us today as we report AppFolio s first quarter of 2021 financial results. With me on the call today are Jason Randall, AppFolio s President and CEO; and Ida Kane, AppFolio s Chief Financial Officer. This call is simultaneously being webcast on the Investor Relations section of our website at www.appfolioinc.com.

What to Expect From Denver s Summer Real Estate Market

5280 What to Expect From Denver’s Summer Real Estate Market Experts say this summer could be one of the craziest times to buy a home in recent memory. Cassidy Ritter •   May 6, 2021 Andrew Guterman has been looking to buy his first home on and off since Thanksgiving 2019. The agent and lead analyst at Atlas Real Estate has submitted eight offers, seven of which were more than the asking price. Yet, he still hasn’t been able to land anything. The problem, he says, is other buyers are offering significantly more than the list price. “Personally, I want to be optimistic but as an analyst, it’s more difficult for me to be realistic that I’ll find the right thing for the right price,” he says about Denver’s current real estate landscape.

Atlas Real Estate Expands into Salt Lake City with Acquisition of Black Aspen Property Management

Atlas Real Estate Expands into Salt Lake City with Acquisition of Black Aspen Property Management The new location will serve clients in the Wasatch Front, where Atlas Real Estate and DivcoWest plan to invest in single-family rental (SFR) homes News provided by Share this article Share this article SALT LAKE CITY, May 5, 2021 /PRNewswire/  Atlas Real Estate, a full-service real estate company specializing in investment brokerage, property management and institutional acquisition, has acquired Black Aspen Management Corp., a property management company based in Holladay, UT, a suburb of Salt Lake City. Pursuant to the transaction, Atlas assumes full management of Black Aspen Management s single-family rental (SFR) homes and apartments in the region. David Galant has been named senior property manager, and will oversee operations in the Salt Lake City metro area. Renters and clients in the region gain access to a full suite of real estate services and local market expertise, inc

Seven Must Reads for the CRE Industry on Apr 30, 2021

Seven Must Reads for the CRE Industry Today (Apr. 30, 2021) Realty Income Corp. is buying net lease REIT VEREIT, reports the Arizona Republic. The CEO of MGM Resorts sees a robust leisure recovery ahead, according to Barron’s. These are among today’s must reads from around the commercial real estate industry. NYC Will Fully Reopen July 1, Says Mayor Bill de Blasio “Restaurants, gyms, shops, hair salons and arenas will open at full capacity. Smaller theaters could reopen over the summer and Broadway is on track for opening by September. Schools will be back at ‘full strength’ in the fall. New York City has recorded 923,953 coronavirus cases and 32,461 virus-related deaths as of Wednesday.” (CNBC)

Atlas Real Estate, DivcoWest Form $1B SFR Joint Venture

Atlas Real Estate, DivcoWest Form $1B SFR Joint Venture The partnership will acquire and renovate homes throughout the western United States. Apr282021 Image courtesy of Atlas Real Estate Real estate investment firm DivcoWest is investing $250 million in equity in a joint venture with Atlas Real Estate that plans to deploy $1 billion into acquiring and renovating homes for the single-family rental market throughout the Western United States. The JV marks DivcoWest’s entry into the growing SFR market. The joint venture has already closed its first acquisition in Tucson, Ariz., a property at 4300 W. Bunk House Road, and a handful of properties are currently under contract throughout Arizona, Colorado and Nevada, according to Vincent Deorio, vice president of corporate development.

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