In this Weekly Radar, we cover:

• California is encouraging school districts to develop housing on surplus land, with existing projects and partnerships highlighting a new opportunity for developers.
• Shay's launch as the "first" self-representation platform for homebuyers is not the first, and lacks the comprehensive expertise and support traditionally provided by real estate agents.
• The Justice Department's antitrust lawsuit against RealPage for allegedly monopolizing apartment pricing software is raising concerns that it could stifle innovation in multifamily proptech, as REITs and property owners begin restricting data sharing essential for AI and benchmarking tools.
• The GEM Proptech Index had a combined market cap of $234.172B, a 4.32% increase from the previous week.

As always, links surrounded by the ❇️ emoji indicate exclusive GEM Diamond content. If you would like to have access to all links, please consider GEM Diamond membership.

Geek Estate Blog Recap:

Attend the 46th Annual Pacific Northwest Mortgage Lenders Conference on September 22nd-24th

Pacific Northwest Mortgage Lenders Conference (PNMLC) and the Washington Mortgage Bankers Association (WMBA) will be hosting the 2024 PNMLC event in Seattle, September 22-24. This years theme is “Innovate to Elevate: The Future of Mortgage Lending,” and features sessions with expert local and national perspectives…

GeekEstate BlogGeek Estate Team

Proptech Job Opportunity: Director of Real Estate Platform Partnerships at Palcemakr

We have a job opportunity to share from a member of GEM Diamond, Placemakr. Position summary: The Director of Real Estate Platform Partnerships will be responsible for securing third-party managed real estate inventory across the U.S. (including full and partial building management of existing assets,…

GeekEstate BlogGeek Estate Team

Get 20% off CREtech NYC November 13th-14th 2024

[Editor’s Note: Geek Estate Offers are special offers from members of the GEM Diamond] Taking place November 13th and 14th, CREtech New York will bring together leaders in the commercial, residential, PropTech, and climate tech industries for two days of speaking engagements, networking opportunities, and…

GeekEstate BlogGeek Estate Team

AI-Powered Property Leasing Efficiency

[Note from editor: The “Mastermind Showcase” highlights companies and news from members of GEM Diamond. Today’s showcase: Infinityy] Infinityy provides AI-powered Digital Leasing Assistants (DLAs) designed to support property owners, managers, and leasing teams by automating the initial stages of the leasing process. These DLAs…

GeekEstate BlogGeek Estate Team

Transforming Commercial Real Estate Ownership for Small Business Owners

[Note from editor: The “Mastermind Showcase” highlights companies and news from members of GEM Diamond. Today’s showcase: Withco] Withco is a property ownership platform operating a rent-to-own model in partnership with sellers and brokers to offer small businesses institutional support in owning their property–a win-win-win…

GeekEstate BlogGeek Estate Team

Transmission Recap:

This week, Spondon Hazarika explores the misaligned incentives and inequities for agents and poses an alternative compensation model based on effort and value. Last week, we published GEM's latest Biz Intel: Proptech Earnings Radar for Q2 2024.

AFFORDABILITY

BREWING A NEW DEVELOPER PROFILE
By: Drew Meyers

A UC Berkeley and UCLA report "found school districts in California own 75,000 acres of developable land, enough to build 2.3 million housing units — which could wipe out the state’s housing shortage." Partly as a result of that, California is "pushing school districts to convert their surplus property into housing for teachers, school staff and even students and families," according to Cal Matters. State Superintendent of Public Instruction Tony Thurmond "pledged financial incentives for districts that pass bonds to build staff housing, and the Department of Education is sponsoring a workshop for district officials to learn the ins-and-outs of real estate development." The Teacher Housing Act of 2016, AB-2295, and Proposition 2 are all legislation in this direction.

There are examples to draw from already: