Core Insights - PropStream has launched "PropStream Pros," a video and podcast series aimed at educating real estate professionals through candid conversations and practical insights [1][2][4] - The series emphasizes the importance of real-world experiences and adaptability in the real estate market, showcasing diverse voices and paths within the industry [2][3] Company Commitment - Education is a fundamental aspect of PropStream's mission, and "PropStream Pros" reflects this commitment by fostering honest discussions and shared experiences [2][4] - The series aims to help listeners recognize that challenges and learning moments can be valuable assets in their real estate careers [3] Series Details - Season 1 of "PropStream Pros" features unscripted conversations that highlight the lessons learned from navigating the real estate landscape [2][3] - Season 2 is set to launch on January 15, 2026, continuing to provide new insights and perspectives from industry professionals [4] Company Background - PropStream, founded in 2006, is a leading all-in-one real estate lead generation platform that offers extensive data and marketing tools to real estate professionals [5] - The company provides insights on over 160 million properties in the U.S. and has been recognized as a HousingWire Tech 100 Honoree for five consecutive years since 2021 [5]

Market Recovery - Hong Kong's housing market is showing signs of recovery, with home prices rising 3.25% in 2025, marking the first annual increase in four years [15] - The revival is supported by expectations for a strong fundraising year in the stock market, with international firms planning to open new branches in the city [15][1] - Mainland Chinese homebuyers have significantly contributed to clearing housing inventory, spending a record HK$138 billion in 2025, particularly in the luxury market [7][15] Residential Market Dynamics - Interest rate cuts have boosted mortgage demand and rising rents are encouraging residents to purchase homes [2][15] - Developers are regaining pricing power due to improved supply and demand dynamics, with some builders already planning to increase prices for existing projects [4][5] - Banks and property services firms anticipate residential price growth this year, with projections ranging from a 5% to a 10% increase [6][15] Commercial Real Estate Challenges - The commercial real estate market remains weak, with a vacancy rate for Grade A offices rising to 17.5% and rents falling by about 5.8% [9][15] - Investors are primarily focused on trophy assets in key business districts, while other areas struggle to attract tenants [9][10] - Commercial real estate transactions above HK$100 million increased by over 12% in 2025, the first rise since 2021, but international funds are largely absent from the market [11][12] Economic Influences - The Hong Kong Monetary Authority's interest rate cuts have alleviated loan payment pressures for builders and homebuyers, stabilizing overall asset prices [6][15] - The influx of over 230,000 new arrivals due to the government's talent program has driven residential rents to record highs, making home ownership more attractive [14][16] - The ongoing geopolitical tensions between China and the US may pose risks to the recovery, with limited catalysts for a major rebound in the property market without improvements in economic relations [8][15]

Core Viewpoint - Linkhome Holdings Inc. has officially launched AI-powered mortgage services on its real estate platform, enhancing the homebuying experience through technology integration [1][4]. Group 1: AI-Powered Mortgage Services - The AI-powered mortgage services are offered through Linkhome Mortgage Inc., a wholly owned subsidiary that is a licensed U.S. mortgage company compliant with state and federal regulations [2]. - Users can now submit mortgage applications online and receive intelligent guidance throughout the loan process, improving efficiency and maintaining regulatory compliance [3][4]. Group 2: Company Vision and Strategy - By integrating licensed mortgage services into its platform, Linkhome aims to create a more connected homebuying journey, reducing friction between property discovery and financing [4]. - The company plans to strengthen its AI-driven platform and expand functionalities across real estate and financial services, aiming to simplify the homebuying process for consumers [5][6].

Performance Overview - The Third Avenue Real Estate Value Fund generated a return of +11.61% for the year ended December 31, 2025, outperforming its benchmark, the MSCI ACWI IMI Core Real Estate Index, which returned +9.86% [2][3] - Since its inception in 1998, the Fund has achieved an annualized return of +8.96%, indicating that an initial investment of $100,000 would exceed $1,000,000 by year-end with reinvested distributions [4] Key Contributors and Detractors - Major contributors to the Fund's performance included investments in National Storage REIT and several industrial and logistics REITs such as Prologis, First Industrial, and Segro plc [3] - Detractors included investments in U.S. homebuilders like Lennar Corp., PulteGroup, and D.R. Horton, as well as certain U.K. property companies [3] Fund Management Strategy - The Fund Management emphasizes long-term results and has refined its investment strategy to focus on well-capitalized enterprises with discounted securities [8][9] - The Firm's approach to value investing has remained consistent, targeting opportunities for resource conversion, including privatizations and mergers [10][11] Recent Additions and Changes - The Fund initiated a position in FirstService Corporation, a Canadian real estate services company, which meets the Fund's investment criteria due to its conservative capitalization and strong management [12][13] - Other changes included adding to positions where the price-to-value gap widened, such as Unite Group and Fidelity National Financial, while trimming back on CBRE Group and JLL Inc. [16] Sector Allocations - 40.3% of the Fund's capital is invested in U.S. residential real estate companies, supported by strong demand and low inventory levels [18] - 27.5% is allocated to North American commercial real estate companies, which are expected to benefit from structural demand drivers [19] - 27.6% is invested in international real estate companies, focusing on similar activities as domestic holdings [20] - The remaining 4.6% is in cash, debt, and options, including U.S. Dollar cash and short-term U.S. Treasuries [21] Market Insights - The Fund Management believes that the next five years could mirror the early 2000s, with compelling valuations for listed real estate leading to net inflows and differentiated returns [29][30] - The report highlights the significant size of the publicly traded real estate market, with over $6 trillion accessible to investors globally [28]

Core Viewpoint - Offerpad Solutions Inc. has appointed Rich Ford as Chief Strategy Officer and President of Cash Offer Marketplace to enhance its long-term strategy and marketplace-driven transaction ecosystem [1][2]. Group 1: Leadership and Strategy - Rich Ford brings over 25 years of experience in residential real estate, capital markets, and technology, recognized as a pioneer in the single-family rental sector [3][4]. - At Offerpad, Ford will focus on strategy development, marketplace expansion, and transaction optimization, aiming to improve liquidity, execution efficiency, and returns on capital [5][6]. Group 2: Cash Offer Marketplace - The Cash Offer Marketplace is designed to expand buyer demand without increasing balance-sheet intensity, allowing for scalable growth and a capital-efficient, asset-light operating model [2][5]. - The platform connects homes to a diversified network of professional buyers, providing homeowners with multiple selling options through an integrated platform [6].

Core Insights - Honeywell is increasingly integrating artificial intelligence into physical operations, with significant adoption in various sectors [1][2] - Over 200,000 sites have implemented Honeywell's AI tools to enhance energy efficiency and productivity in airports, hospitals, and factories [2] Group 1: Adoption of Physical AI - The widespread adoption of "physical AI" projects was noted last year, indicating a shift towards operational efficiency [2] - Other companies, such as JLL, emphasize the financial benefits of using AI to optimize commercial real estate operations [3] Group 2: Operational Efficiency and Cost Reduction - AI systems can help companies reduce ongoing operating expenses by identifying inefficiencies in office and facility management [4] - Examples from other enterprises, like Amazon and Walmart, illustrate the integration of physical AI into core operational infrastructure, enhancing throughput and lowering costs [5] Group 3: Supply Chain Resilience - Honeywell is leveraging lessons from the pandemic to strengthen its supply chains against tariff-related disruptions [5] - The global trade order is shifting towards bilateral agreements, prompting companies to adapt their supply chains to local ecosystems [6]

Chautauqua Capital Management, a division of Baird Asset Management, is a boutique investment firm that released its fourth-quarter 2025 investor letter for the “Baird Chautauqua International and Global Growth Fund”. A copy of the letter can be downloaded here. Global equities finished 2025 strongly, with international markets delivering their widest outperformance versus U.S. equities since the Global Financial Crisis, aided by a weaker dollar and improving trade conditions. In Q4 2025, the Baird Chautauq ...

Table of Contents As filed with the U.S. Securities and Exchange Commission on January 26, 2026. Registration No. 333-[*] UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM F-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 MDJM LTD (Exact name of registrant as specified in its charter) Cayman Islands 7812 Not Applicable (State or other jurisdiction of incorporation or organization) (Primary Standard Industrial Classification Code Number) (I.R.S. Employer Identification Nu ...

Table of Contents As filed with the U.S. Securities and Exchange Commission on January 26, 2026. Registration No. 333-[*] UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM F-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 MDJM LTD (Exact name of registrant as specified in its charter) Cayman Islands 7812 Not Applicable (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification Number) Fernie Castle, Letham Cupar, Fife, KY15 7RU United ...

Core Insights - Sotheby's International Realty Affiliates LLC has expanded its network in Oregon by adding Town & Country Realty, which will now operate as Town & Country Sotheby's International Realty, marking the brand's growth to 20 offices in the state [2][5] Company Overview - Sotheby's International Realty was founded in 1976 and has a global presence with over 1,100 offices in 86 countries and territories, including 47 company-owned brokerage offices in key metropolitan and resort markets [6] - The company operates through a franchise system where each office is independently owned and operated, supported by a strategic alliance with Sotheby's, a leading destination for art and luxury [6][8] Market Characteristics - The Mid-Willamette Valley, where the new office is located, is known for its lifestyle-driven luxury real estate market, featuring properties that emphasize space, privacy, and quality construction, appealing to outdoor enthusiasts and buyers seeking a balanced lifestyle [3] - The region is recognized for its wine production, particularly Pinot Noir, Chardonnay, and Pinot Gris, contributing to its attractiveness for real estate investment [3] Leadership and Expertise - Town & Country Sotheby's International Realty is led by Lisa Marie Boyd, who has 16 years of real estate experience and has been recognized as REALTOR of the Year in 2025 by the Willamette Association of Realtors, reflecting her leadership and commitment to excellence [4][5] Network Benefits - The Sotheby's International Realty network includes more than 21,600 affiliated independent sales associates, providing extensive marketing opportunities and exposure through the sothebysrealty.com global website [5] - Affiliates and agents benefit from the association with Sotheby's auction house and the marketing programs offered by Sotheby's International Realty, enhancing their service offerings [5][7]