nhmc annual meeting

June 16, 2021

Covercy Showcases Online Distributions at NMHC Annual Meeting in San Diego

Online Distributions, Investor Portal and Fundraising Tools for Commercial Real Estate Investors.

At the NMHC Annual Meeting in San Diego, CA, we demoed the bevy of powerful new features that we’ve developed in our platform since the last meeting in Orlando. The last meeting was held right before the global pandemic at the end of January 2020.

covercy demo nmhc conference

Micky Strasberg demos the Covercy Investor Portal at the NMHC Annual Meeting 2021

The annual NMHC (National Multifamily Housing Council) event brings people together from the entire multi-family housing ecosystem.

Commercial real estate General Partners (GPs) were excited about Covercy’s end-to-end online distributions. The commercial real estate investment managers enjoyed seeing how easy it is to distribute funds to their investors from within the platform in just a few clicks.

“When the pandemic started, we saw a sharp decline in the volume of distribution payments,” remarked Covercy CEO Doron Cohen. “Cash was king again for some time. As the industry quickly recovers and gets ready to grow again – we’re seeing rapid growth in the volume of distribution payments. Getting hundreds of quarterly payments, notifications & calculations done right, in one click, is more important than ever for those who want to focus on delivering performance and finding their next deal.”

GPs also marveled at Covercy’s investor portal with metrics and images on the real estate investments for Limited Partners (LPs) as well as tools for fundraising.

Banking services:

*Covercy is a financial technology company, and is not a bank. Banking services provided by Thread Bank, Member FDIC.
The Covercy Visa Debit Card is issued by Thread Bank, pursuant to a license from Visa U.S.A. Inc. and may be used everywhere Visa is accepted.
**Your deposits qualify for up to $3,000,000 in FDIC insurance coverage when placed at program banks in the Thread Bank deposit sweep program. Your deposits at each program bank become eligible for FDIC insurance up to $250,000, inclusive of any other deposits you may already hold at the bank in the same ownership capacity. You can access the terms and conditions of the sweep program at https://thread.bank/sweep-disclosure and a list of program banks at https://thread.bank/program-banks. Please contact customerservice@thread.bank with questions on the sweep program.

Payment services:

The Currency Cloud Limited (Non MIFID related products). Registered in England No. 06323311. Registered Office: Stewardship Building 1st Floor, 12 Steward Street London E1 6FQ. The Currency Cloud Limited is authorized by the Financial Conduct Authority under the Electronic Money Regulations 2011 for the issuing of electronic money (FRN: 900199) Currencycloud Terms of Use All testimonials, reviews, opinions or case studies presented on our website may not be indicative of all customers. Results may vary and customers agree to proceed at their own risk.

Covercy Europe Limited. Registered in England No. 675000. Registered Office: 5 Elstree Gate, Elstree Way, Borehamwood, Hertforshire, WD6 1JD, UK
Covercy Technological Trading Limited. Registered in Israel No. 57797. Registered Office: 3 Ha-Yetsira St, Ramat Gan 5252141.
For clients based in the European Economic Area, payment services for Covercy Europe Ltd. are provided by CurrencyCloud B.V.. Registered in the Netherlands No. 72186178. Registered Office: Nieuwezijds Voorburgwal 296 – 298, Mindspace Nieuwezijds Office 001 Amsterdam. CurrencyCloud B.V. is authorised by the DNB under the Wet op het financieel toezicht to carry out the business of an electronic-money institution (Relation Number: R142701).
For clients based in the United States, payment services for Covercy Europe Ltd. are provided by The Currency Cloud Inc. which operates in partnership with Community Federal Savings Bank (CFSB) to facilitate payments in all 50 states in the US. CFSB is registered with the Federal Deposit Insurance Corporation (FDIC Certificate# 57129). The Currency Cloud Inc is registered with FinCEN and authorised in 39 states to transmit money (MSB Registration Number: 31000206794359). Registered Office: 104 5th Avenue, 20th Floor, New York , NY 10011.
For clients based in the United Kingdom and rest of the world, payment services (Non MIFID related products) for Covercy Europe Ltd. are provided by The Currency Cloud Limited. Registered in England and Wales No. 06323311. Registered Office: Stewardship Building 1st Floor, 12 Steward Street London E1 6FQ. The Currency Cloud Limited is authorised by the Financial Conduct Authority under the Electronic Money Regulations 2011 for the issuing of electronic money (FRN: 900199).