Month: February 2020

This Nitro Coffee Better Be Good!

Have you heard of nitro brew iced coffee? Apparently it’s a “thing” right now, which has taken the coffee world by storm. What is nitro brew coffee? It’s basically a cold-brewed coffee, infused with nitrogen bubbles, and poured “on tap” like beer.  I discovered nitro brew randomly on a day when I really wanted an…
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National Property Management Company Adds 384 Apartments and Townhomes to Its Growing Mid-Atlantic Managed Portfolio

VIRGINIA BEACH, VA – DF Multifamily, a division of Drucker + Falk, one of the nation s most prominent multifamily management companies, recently assumed management of Kingstowne Apartments and Townhomes in Newport News, VA. Located in the heart of Oyster Point and minutes from Marketplace at Tech Center and City Center, Kingstowne joins other DF…
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83% of NAR Commercial Members Expect Stable to Improving Business in 2020

Among all respondents, 53% reported they expect business to go up and 30% reported they expect no change in the volume of their business.

The Impact of Venture Capital Funding in PropTech and its Affects on the Multifamily Industry

This piece stemmed from a session at NMHC’s OPTECH Conference, “Partnering with a VC firm on PropTech? Different Goals, Different Strategies”. Historically, innovation in multifamily has been said to be slow and plodding, and many argue that is still the case; however, new Venture Capital funding is changing the face of technology startups and creating…
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Home Price Gains by Years of Tenure

This study analyzes whether homeowners are more likely to experience a home price gain or loss during the period when they hold a home.

Bell Partners Acquires and Merges Two Adjacent Mid-Rise Multifamily Communities Totaling 722-Units in Frisco, Texas

FRISCO, TX – Bell Partners, one of the nation’s leading apartment investment and management companies, announced the acquisition of two properties in Frisco, Texas: The Emerson (410 units) and Emerson Court (312 units), on behalf of its Fund VII investors. These adjacent mid-rise multifamily communities will be combined into a single community and renamed Bell…
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Multifamily Innovation Truly Flourishes When Industry Members Collaborate

In many ways, the multifamily industry is built on competition. In the battle to sign new residents and get current ones to renew their leases, properties strive to have the best common-area amenities, the most appealing in-unit finishes, the best customer service and the most attractive move-in offers in their competitive set. But when it…
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The Three Things that Can Hamper Multifamily Innovation

The apartment industry has long been painted as one that’s afraid of change and reluctant to embrace new ways of doing things. That may have been true in the past, but when I look at multifamily today and the MICA session lineup, I see an industry brimming with ingenuity and an entrepreneurial spirit. Across the country, investors, operators and supplier partners…
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Harbor Group International Acquires Luxury Apartment Community in Growing Phoenix Submarket for $65.5 Million

SCOTTSDALE, AZ – Harbor Group International, a privately-owned international real estate investment and management firm, announced its purchase of Luxe Scottsdale, a 218-unit, mid-rise style apartment community in Scottsdale, Ariz., for $65.5 million. HGI plans to contribute approximately $418,000 to the property to improve curb appeal, modernize common area amenities and add technology packages to…
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