eXp Commercial Expands Research and Analytics Capabilities With Addition of Economist KC Conway

Rhea-AI Summary

eXp Commercial, the commercial real estate arm of eXp World Holdings (Nasdaq: EXPI), has appointed KC Conway as an economic advisor to enhance its research and analytics capabilities. Conway, an expert in commercial real estate, will provide valuable insights on capital markets and regulatory changes, aiding agents and clients in navigating the evolving market. This collaboration aims to strengthen eXp Commercial's growth strategy, particularly in leveraging opportunities within traditional and digital real estate sectors, including the metaverse.

Positive

• Appointment of KC Conway enhances research and analytics capabilities.
• Conway's expertise supports eXp Commercial's growth in a rapidly evolving market.
• Focus on traditional and emerging digital opportunities boosts strategic positioning.

Negative

• None.

Focus on Research Data Comes as the Commercial Real Estate Market Evolves Rapidly

BELLINGHAM, Wash., Feb. 16, 2022 (GLOBE NEWSWIRE) -- eXp Commercial, the commercial real estate division of eXp World Holdings (Nasdaq: EXPI), today announced that KC Conway, founder and president of Red Shoe Economics, will serve as economic advisor, adding to the company’s research, data and analytics capabilities.

As a recognized expert in commercial and investment real estate, Conway will provide eXp Commercial agents and clients with industry research, data analytics and economic insight to deepen their knowledge of the complex and evolving commercial market.

Conway brings valuable insights into the shift in capital markets, the new regulatory environment and the availability of data to reshape today’s commercial real estate transactions. These insights support eXp Commercial’s growth strategy as the company continues to challenge the status quo, offering expertise in traditional brokerage as well as emerging digital and metaverse opportunities that deliver on clients’ needs.

“We are pleased to collaborate with KC and his team at Red Shoe Economics,” said James Huang, president of eXp Commercial. “We are at the forefront of the fast-changing commercial real estate landscape and are committed to providing the best resources and training to our agents so they can deliver strong results to clients.”

“eXp Commercial is uniquely positioned to lead the industry, particularly with its investment and capabilities in the metaverse, and we are excited to be a part of their success,” said Conway. “No other company has embraced both the physical and virtual commercial market like eXp. Working with eXp agents across the country, we will identify market trends and opportunities to build their businesses and make sound, economic decisions.”

Conway will be a featured speaker at eXp Commercial’s Commercial Real Estate Symposium April 25-26, 2022 in the proprietary eXp Commercial Campus metaverse.

More information about eXp Commercial can be found at expcommercial.com.

About eXp World Holdings, Inc.
eXp World Holdings, Inc. (Nasdaq: EXPI) is the holding company for eXp Realty^®, Virbela and SUCCESS^® Enterprises.

eXp Realty is the fastest-growing real estate tech company in the world with more than 75,000 agents in the United States, Canada, the United Kingdom, Australia, South Africa, India, Mexico, Portugal, France, Puerto Rico, Brazil, Italy, Hong Kong, Colombia, Spain, Israel, Panama, Germany and Dominican Republic, and continues to scale internationally. As a publicly traded company, eXp World Holdings provides real estate professionals the unique opportunity to earn equity awards for production goals and contributions to overall company growth. eXp World Holdings and its businesses offer a full suite of brokerage and real estate tech solutions, including its innovative residential and commercial brokerage model, professional services, collaborative tools and personal development. The cloud-based brokerage is powered by Virbela, an immersive 3D platform that is deeply social and collaborative, enabling agents to be more connected and productive. SUCCESS^® Enterprises, anchored by SUCCESS^® magazine and its related media properties, was established in 1897 and is a leading personal and professional development brand and publication. 

For more information, visit https://expworldholdings.com.   

Safe Harbor Statement
The statements contained herein may include statements of future expectations and other forward-looking statements that are based on management’s current views and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in such statements. Such forward-looking statements speak only as of the date hereof, and the company undertakes no obligation to revise or update them. These statements include, but are not limited to, statements about the continued growth of our agent and broker base; expansion of our residential real estate brokerage business into foreign markets; demand for remote working and distance learning solutions and virtual events; development of our commercial brokerage and our ability to attract commercial real estate brokers; and revenue growth and financial performance. Such statements are not guarantees of future performance. Important factors that may cause actual results to differ materially and adversely from those expressed in forward-looking statements include changes in business or other market conditions; the difficulty of keeping expense growth at modest levels while increasing revenues; and other risks detailed from time to time in the company’s Securities and Exchange Commission filings, including but not limited to the most recently filed Quarterly Report on Form 10-Q and Annual Report on Form 10-K.

Media Relations Contact:
eXp World Holdings, Inc.
Mediarelations@expworldholdings.com

Investor Relations Contact:
MZ Group – MZ North America
Investors@expworldholdings.com

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/98e2efe0-bfde-478d-8145-59ccf9c3ce95

FAQ

What is the significance of KC Conway's appointment at eXp Commercial?

KC Conway's appointment as an economic advisor strengthens eXp Commercial's research capabilities and provides market insights to navigate the evolving commercial real estate landscape.

How does eXp Commercial plan to utilize market insights from KC Conway?

eXp Commercial will use insights from KC Conway to enhance training for agents, identify market trends, and support clients in making informed real estate decisions.

What role does the metaverse play in eXp Commercial's strategy?

eXp Commercial is leveraging the metaverse to explore new business opportunities and enhance its service offerings in both physical and virtual commercial markets.

When is the Commercial Real Estate Symposium featuring KC Conway?

The Commercial Real Estate Symposium featuring KC Conway is scheduled for April 25-26, 2022, in the eXp Commercial Campus metaverse.

What is eXp World Holdings known for?

eXp World Holdings is known for its rapid growth in real estate technology, offering a unique business model that combines traditional brokerage with innovative solutions, including metaverse opportunities.