Acquiring Company
Urbanimmersive
Acquired Company
HomeVisit
LongueuilReal EstatePhotographyReal EstateDescription
Urbanimmersive Inc. (“Urbanimmersive”, the “Company” or “UI”) (TSX VENTURE (“TSXV”): UI) (OTCQB: UBMRF) is pleased to announce having completed the acquisition of all the interests of the real estate photography agency, HOMEVISIT, LLC (“HomeVisit”) from CORELOGIC SOLUTIONS, LLC (“CoreLogic”) for a purchase price of $CAD 9.0M, subject to customary adjustments, satisfied through 1) the issuance of 9,287,707 common shares of the Company at a price per share of $0.25 for a value of $2.32M and 2) the issuance of a 5-year Secured Promissory Note (“Note”) in the principal amount of $6.43M for the adjusted balance of the purchase price, bearing interest at 7.50% per annum and capitalized to the Note. All shares issued are subject to a 4-month minimum holding period.
Quick answer
Urbanimmersive is acquiring HomeVisit, announced October 21, 2022. Urbanimmersive is based in Longueuil, Quebec, Canada.
- How much did Urbanimmersive pay for HomeVisit?
- The deal value was not disclosed.
- What does Urbanimmersive do?
- Urbanimmersive develops and commercializes real estate photography technologies and services focused on redefining industry visual content standards.
- Where are Urbanimmersive and HomeVisit based?
- Urbanimmersive is based in Longueuil, Quebec, Canada.
- Who are the decision-makers at Urbanimmersive?
- Fundz holds 1 contact at Urbanimmersive. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Other recent acquisitions in Real Estate and Photography
Deals where the buyer or target shares a sector with this one, within 45 days, from Fundz verified event records.
- Urbanimmersive Acquires Homevisit From Corelogic (October 11, 2022)
- Colliers Completes Acquisition Of Pangea (December 2, 2022)
- Yardi Acquires Space Management Provider Planimetron (October 11, 2022)
- World Insurance Associates Acquires O’Brien And Gibbons Insurance Agency (October 5, 2022)
- Rangewater And Nippon Steel Kowa Real Estate Acquire 228-Unit (September 20, 2022)
- Caf Cos. & Goldman Sachs Asset Management Acquire 8 Dfw Apartment Communities (December 5, 2022)
Who to call at Urbanimmersive, and when
When Urbanimmersive changes hands, the new owners review vendors, systems and leadership. That is when the door opens.
- An alert the day Urbanimmersive raises, hires an executive or expands, scored against what you sell
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Related People
Frequently asked
Who acquired HomeVisit?
HomeVisit was acquired by Urbanimmersive, based in Longueuil. The deal was reported on October 21, 2022. Urbanimmersive develops and commercializes real estate photography technologies and services focused on redefining industry visual content standards. Urbanimmersive is privately held and operates in Real Estate.
When did Urbanimmersive acquire HomeVisit?
Urbanimmersive's acquisition of HomeVisit was reported on October 21, 2022. Urbanimmersive Inc. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does HomeVisit do?
HomeVisit, located in Chantilly, Virginia (USA), is a leading provider of marketing focused real estate solutions, including property listing photography, videography, 3D tours, drone imagery, printing services and other related services. It is privately held, operating in Real Estate.
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