Propmodo

Propmodo is an international multimedia initiative that investigates the impact of new technologies on our constructed surroundings.

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Democratic Senators Question RealPage's Influence on Policy Change Around AI Regulation

1 day ago | propmodo.com | Franco Faraudo

Five Democratic Senators including Bernie Sanders and Elizabeth Warren have sent a letter to the CEO of RealPage asking for more information about the company's lobbying efforts. The purpose of the letter is to understand how the company may have influenced a new law provision attached to Republicans' budget reconciliation bill, which bars state laws that regulate AI.
Large Property Investors Are Increasingly Considering Their Portfolio's Climate Risk

2 days ago | propmodo.com | Franco Faraudo

Despite the political discourse around environmental sustainability, the climate is changing. Every year in the past decade has been hotter than the last. Extreme weather events like hurricanes have become more frequent. The fire season has gotten longer and more destructive. Winter storms bring heavy snowfall, flooding, and dangerously cold conditions to more parts of the country.
Did Multifamily Security Robots Get Leapfrogged by Other Technologies?

2 days ago | propmodo.com | Franco Faraudo

Remember robot security guards? When they first appeared in malls, parking lots, and even apartment communities, many people saw them as the future of security. There was excitement around the idea that they could eventually replace human guards. But that never happened. Despite the initial buzz, robot security never gained widespread adoption. In fact, they may already be on their way out before ever becoming truly mainstream.
Despite Uptick in Home Forclosures, Zombie Properties Are Not a Problem

3 days ago | propmodo.com | Franco Faraudo

In the second quarter of 2025, U.S. foreclosure activity experienced a modest uptick, with 222,358 properties entering the foreclosure process, marking a 4.8% increase from the previous quarter. Despite this rise, the housing market remains resilient, as evidenced by the stable vacancy rate of 1.3% for the 13th consecutive quarter. Notably, only 3.3% of homes in foreclosure were classified as "zombie properties," where homeowners have vacated before the foreclosure process concludes.
How Will Private Equity Be Able to Exit Its Data Center Investments?

3 days ago | propmodo.com | Franco Faraudo

Data centers have been the hottest commodity in real estate. Fuel was poured on that fire when ChatGPT became commercially available and nearly every large tech company announced plans to ramp up their AI development. Data and computing centers are unique in a number of ways. They are large industrial properties that need to have access to large amount of energy to power servers and water to cool them. They also have to be designed and maintained by highly skilled engineers.
Lawsuits Challenge Insurer's Right to End Property Coverage Regionally

6 days ago | propmodo.com | Franco Faraudo

Two lawsuits have been filed in Los Angeles County courts that accuse property insurers of engaging in what they are calling a "group boycott." Companies like State Farm, Farmers, and Mercury are said to have engaged in unfair practices that violate the Cartwright Act, a state law that forbids anticompetitive agreements. The companies in question terminated policies in Pacific Palisades, Malibu, Altadena and other areas at high risk of fire damage back in 2023.
Are Pinnacle Group's Foreclosures Due to Interest Rates or Something More Sinister?

1 week ago | propmodo.com | Franco Faraudo

Last week, Pinnacle Group filed for Chapter 11 bankruptcy, pulling dozens of its properties into the process. The buildings in question carry roughly a billion dollars in debt, and their lender, Flagstar Bank (formerly New York Community Bank), has initiated foreclosure proceedings. When asked about the bankruptcies, Pinnacle's chief restructuring officer pointed to skyrocketing interest rates that made the debt on the rent-stabilized properties nearly impossible to service.
Is Washington Finally Ready to Let Go of Fannie and Freddie?

1 week ago | propmodo.com | Nick Pipitone

After more than 15 years in federal conservatorship, Fannie Mae and Freddie Mac are once again at the center of a political and financial tug-of-war. President Trump ignited market enthusiasm last week with a series of social media posts declaring his intent to take the mortgage giants public. "Fannie Mae and Freddie Mac are doing very well, throwing off a lot of CASH, and the time would seem to be right," Trump wrote May 21st on his Truth Social platform.
Middle East Real Estate On Display with Dubai Residential REIT's Successful IPO

1 week ago | propmodo.com | Franco Faraudo

Several countries in the Middle East and Arabian Peninsula have experienced sustained economic growth over the past few decades, making real estate in the region increasingly valuable. Yet despite this rising demand, the region has seen relatively few large public REITs. That changed this week with the IPO of Dubai Residential REIT, which surged 14% on its first day of trading-driven by pent-up investor demand.
Chicago Landlords Win Big on Tax Appeals-At Homeowners' Expense

1 week ago | propmodo.com | Nick Pipitone

Chicago's commercial landlords recently scored another victory in their long-running property tax battle. For 2025, they'll cover 46% of the city's property tax burden, down from 49% last year, after a wave of appeals slashed valuations on high-value buildings. Initially, Cook County Assessor Fritz Kaegi's office had pegged commercial values as outpacing residential, shifting more of the tax load to landlords.