FintechProptechReal Estate Tech

Local Logic joins Berkadia BeEngaged Network

Local Logic, a location-at-scale proptech startup, announced today being selected to Berkadia’s BeEngaged Network, according to a press release.

The selection means that the BeEngaged Network, an ecosystem created by Berkadia to redefine the commercial real estate space through networking, mentorship and collaboration, will have access to Local Logic’s insight around transportation emissions, quantifying livability and other ESG reporting metrics.

“Local Logic embodies the type of startups we carefully select to join the BeEngaged network,” said Bryce Nyberg, Director of Berkadia Digital and BeEngaged.

“Their commitment to innovation, which is reflected in their unique location scores, and strong values has the potential to have a big impact on the future of mortgage lending and commercial real estate investments. We are excited to be a part of their growth,” Nyberg said.

Local Logic co-founder and CEO Vincent-Charles Hodder says that the company’s acceptance into the program validates its value for commercial real estate players, from owner-operators to capital providers.

“Berkadia is a leader in the industry, offering a robust suite of services to multifamily and commercial property clients, and we are excited to learn and collaborate with them on long-term initiatives that will redefine the commercial real estate space,” Hodder said in the release.

Since its founding in late 2014, Local Logic has provided understandable and actionable location intelligence through its platforms, building proprietary insights on over 75 billion data points.

The company recently announced partnering with Coldwell Banker Bain to bring its location insights to consumers in the Northern Oregon and Southern Washington regions. That partnership saw it introduce local content, demographic data APIs and local search to the Coldwell Banker agent office.

This program selection follows that and shows an ongoing focus on partnerships by Local Logic to continue expansion across North America and increase action and understanding for consumers, investors and developers.

In other recent proptech news, large proptech VC Fifth Wall announced closing €140 million (~$160m USD) in funding for its European Real Estate Technology Fund. Ark7 also announced plans to allow users to dip into IRAs for fractional property investment.

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