HOUSTON–(BUSINESS WIRE)–Brightlane Corp. (BTLN), an emerging real estate services company, announced today it has reinforced its plans to expand its core technology development through the exploration of acquisition opportunities to further enhance the Company’s unique property value management services. This move will help to accelerate the development of the Company’s proprietary, cloud-based platform to concurrently manage single family, multifamily and student housing property operations.
Property Value Management (PVM) is a methodology of aggregating address-specific information with tenant, vendor, and on-going inspection information to provide real-time and mobile-available insights to the overall portfolio. According to the April Zillow Real Estate Market Report, average home values across the nation rose 8.7 percent over the past year to $215,600. This remarkable increase, coupled with the $57 billion expenditures on big data technology in 2017, with projections for 2018 to go well beyond this figure, timing has never been more appropriate to apply the PVM technology to the housing and property management industries on a grand scale. To that end, the Company is currently conducting due diligence toward the potential acquisition of a commercial database and platform development firm to better align its core services with future offerings.
“We recognize the importance of data aggregation, access and security. We see this as the future of property management – and more importantly the value of our portfolio properties,” says Steve Helm, President and Chief Executive Officer of Brightlane Corp. “We have identified a set of unique market tools that can leverage the power of a number of data points and sources to help Brightlane identify new markets and properties faster with less long-term expense. It is a driver of both our acquisition outlook and our organic growth model. Our technology and big data roadmap will help us gain better operational efficiencies and be more competitive in the years to come.”
The Brightlane ecosystem is expanding by offering owners and residents ancillary services that compete with some of the nation’s large real estate services providers. The Company plans to launch various sub-brands throughout the balance of 2018 and beyond to capture a share of the lucrative property management market.
For more information about Brightlane Corp., please visit http://brightlanecorp.com
About Brightlane Corp.
Brightlane Corp. (BTLN) is disrupting traditional methods of obtaining tenancy in the affordable housing market sector through various rental, lease and right-to-purchase options. Brightlane has unique abilities, on a national scale, to execute the acquisition and effective management of lower-priced, single-family homes via its experienced management and strategic partners.
Notice Regarding Forward-Looking Statements
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This news release contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements that include the words “believes,” “expects,” “anticipate” or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Company to differ materially from those expressed or implied by such forward-looking statements. In addition, description of anyone’s past success, either financial or strategic, is no guarantee of success. This news release speaks as of the date first set forth above and the Company assumes no responsibility to update the information included herein for events occurring after the date hereof.
President and CEO