12/17/2023 0 Comments Montage apartmentsThe startup is on track to transact four times more volume in the first half of 2022 than in all ofĢ021, according to Keyway, which plans to facilitate at least $200 million in transactions by the end of the year, with an initial focus on sale-leaseback and expansion solutions for medical, dental and veterinary practices. “In the transaction we closed, there were two emails sent and a couple of phone calls that were more relationship-building phone calls.” “The first transaction we closed, we used zero technology and there were over 1,000 emails exchanged and multiple phone calls to try to close that transaction,” he said. The company quickened the pace in real time. Transactional speed is a key component of Keyway, Recchia said. “Because we automate a lot of the transaction, we’re able to build those portfolios very cost efficiently for them.” “We see it as a marketplace where we’re working with multiple family offices and institutional investors that want access to the sub-$20 million commercial real estate, but it would be too expensive for them to do those transactions directly because it takes them a lot of time,” Recchia said. “Basically, it’s really using technology to provide more customer-centric solutions for the tenants or businesses, and, on the investor side, it’s helping them access what is a new asset class for them,” said Matias Recchia, co-founder and CEO of Keyway, which fully digitizes the investment transaction process from end to end. Keyway also says it fills a gap for institutional investors that are not structured to handle smaller deals, including sale-leasebacks and expansions, while providing smaller operators flexibility and a range of alternatives they wouldn’t otherwise have. Using its machine-learning technology, Keyway claims to simplify transactions below $20 million by reducing fees by 50 percent and transaction time by 90 percent, while working with brokers, sellers and buyers. “We see equally large potential in the commercial real estate sector and we are excited about Keyway leading the way.” “It’s clear that technology has completely disrupted the single-family housing space,” said Jake Fingert, managing partner at Camber Creek. SEE ALSO: Iconic Hollywood Movie Theater to Reopen With New Name
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