- GOLO Mobile (GOLO) is making good use of the innovative technology platform it obtained by acquiring technology company, Walter Innovations
- The company has launched the real estate platform for Habitat 67, a housing complex located in Montreal
- GOLO has also entered a service agreement with real estate management company, Sentinel Gestion Immobilière, for use of the platform
- These agreements represent the company’s ongoing efforts to bolster its presence in the multi-residential real estate sector, especially student housing
- GOLO Mobile (GOLO) is down 1.82 per cent and is currently trading at C$0.27 per share
GOLO Mobile (GOLO) is making good use of the innovative technology platform it obtained by acquiring technology company, Walter Innovations.
The company completed its acquisition of Walter Innovations earlier this month, on July 7, 2020. Through the purchase, GOLO incorporated Walter’s real estate app into its own real estate product offering.
The app connects property managers with condominium and apartment residents. The technology includes a virtual buy-and-sell platform, an instant messaging service, and provides property information.
GOLO has recently launched the real estate platform for Habitat 67, a housing complex located in Montreal. The app has also allowed the company to enter a service agreement with real estate management company, Sentinel Gestion Immobilière.
Under the agreement, Sentinel will incorporate the technology platform across its own property portfolio. This will add 3,100 new doors, 1,000 of which are in student housing, to GOLO Mobile’s real estate portfolio.
GOLO Mobile’s President and CEO, Peter Mazoff, commented on the company’s collaborations and agreements with Habitat 67 and Sentinel.
“Walter’s innovative technology platform is a key differentiator for us, and to be adopted by a historical landmark such as Habitat speaks to the value it can bring across the entire multi-residential real estate sector.
“Sentinel’s decision to implement the Walter technology across its entire portfolio speaks to the value it provides property managers and tenants alike, and helps establish its credibility as we begin rolling it out across our commercial customer base,” he said.
GOLO Mobile (GOLO) is down 1.82 per cent, and trading for $0.27 per share, as of 11:05am EDT.
