SOURCE: MREN

MREN

August 18, 2015 09:00 ET

Multi-Family Developer DLC Residential Joins MREN Commercial Real Estate Platform With $160 Million Worth of Assets

Forward-Looking Developer Chose Innovative Technology to Change the Antiquated Commercial Real Estate Process

RANCHO SANTA FE, CA--(Marketwired - Aug 18, 2015) - MREN, the first global commercial real estate market network, is excited to announce that DLC Residential, a multi-family developer, has joined MREN's ecosystem to manage three development opportunities with total capitalization of over $160 million. MREN will enable DLC Residential to upload assets, share and communicate with investors in a secure and private marketplace, thereby preserving personal relationships, all while providing innovative online tools to collaborate more efficiently.

MREN is a cloud-based collaboration platform developed to modernize the commercial real estate industry. To maximize the industry's productivity and efficiency, MREN enables participants to formalize their own private market network within the MREN ecosystem in order to connect, transact and manage real estate investment assets more effectively. 

"MREN is really a great alternative to old and inefficient processes found in the commercial real estate industry," said Russ Krivor, CEO, DLC Residential. "This platform is going to disrupt the industry in a big way and I'm certain it will quickly become the go-to tool for collaborating, managing, and transacting deals. We have already added three significant assets to the platform and early reports are very strong -- we're looking to the MREN platform to enable us to revitalize the way we manage deals with our investor base, as well as streamlining processes internally."

"Following MREN's launch since late May, we've attracted a significant amount of interest from a variety of commercial real estate stakeholders -- including real estate investment funds, operators, developers, lenders, advisors, family offices, attorneys and third party consultants across all sectors," said Joy Hou, Co-founder and CEO of MREN. "Russ and the team at DLC Residential have built a very successful residential development platform with an impressive track record with returns that are significantly higher than industry norm. Their success is primarily driven by their ability to stay ahead of the curve both in the way they originate and develop high quality multifamily projects.

"They are disciplined in finding the right opportunity in the right market at the right time; they are able to boost return by maximizing operations and development efficiencies while saving on non-productive costs. Russ's ability to understand and embrace new technologies allows him to stay competitive and has made DLC as successful as they are today. We're thrilled that DLC saw the value of MREN as a way to enhance and change the way information is processed. With MREN, they are able to simplify and reinvigorate their deal process, minimizing processes and maximizing collaboration with their network."

MREN brings together all CRE principal stakeholders on one enterprise platform and enables them to communicate, collaborate, and conduct all of their business workflows in one secure place. MREN centralizes information and communication, replacing multiple siloed systems and manual processes -- from email to paper to FTP and more -- that compromise data and information, increase costs and slow down business.

Metis was founded in 2013 with a $7 million seed investment secured from a Hong Kong-based family office and active global commercial real estate investor.

About MREN

MREN is the first global commercial real estate market network. It is a cloud-based collaboration platform developed to modernize the commercial real estate industry. MREN offers individual and private market network deal solutions for institutional grade assets. The core design of MREN emulates the natural behavior of CRE professionals. By empowering CRE professionals with technology support that can free up time, save money, and minimize repetitive processes, MREN provides each user maximum flexibility in the execution of strategies at the deal level. MREN is designed to support every type of player and every asset type, regardless of size or geography. While the application is broad, the key value provided is the ability to centralize the management of people, process, and information. For more information visit www.MREN.com.

About DLC Residential

DLC Residential is a fully-integrated multi-family project development company with projects across the United States. Since 2004, DLC Residential has been focusing on the concept, development, construction and project management of income property in the strongest markets across the United States. A number of new communities are currently underway to add to the base of completed projects and by 2016, DLC Residential will have built over 4,000 apartment units across their market areas including a full-range of product types from garden style to high rise multi-family developments. By focusing on integrity, cost controls and careful market research, DLC Residential creates tangible assets and real cash flow, resulting in viable investments and industry-leading returns. For more information visit www.dlcresidential.com

Contact Information

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