Month: April 2020

Mission Rock Assumes Management of 170-Unit Loft-Style Apartment Community in St. Louis’ Soulard Neighborhood

ST LOUIS, MO – Mission Rock Residential, a Denver-based multifamily property management company, is further expanding its Missouri presence, announced a new management contract for the Soulard Icehouse and Steelyard Apartments in St. Louis. Now operating jointly as Steelyard Apartments, the company has been issued an agreement for the management of the community by new…
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Most Realtors® Don’t Expect Steep Price Declines in Next 12 Months

Among the 4,063 respondents, 23% expect prices to remain stable, 38% expect prices to increase, and 40% expect prices to fall.

Operating Statistics: Impact of COVID-19 on Multifamily

From the very early stages of the coronavirus outbreak, it was clear the pandemic would have serious repercussions for the multifamily industry. Now, with emerging data to analyze, we are beginning to get some concrete sense of the outbreak’s impact. Data compiled by Radix shows that, in terms of property performance fundamentals, there are some…
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American Landmark Apartments Acquires 348-Unit Sentosa Beachwalk Luxury Apartment Community in Jacksonville, Florida

JACKSONVILLE, FL – American Landmark Apartments, one of the fastest-growing multifamily owner-operators in the country, has acquired Sentosa Beachwalk, a brand new 348-unit multifamily community located in the Saint John s suburb of Jacksonville, Florida. The community will be renamed The Elysian. With this acquisition, American Landmark s portfolio now stands at 30,000 units throughout…
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Multifamily Teams Offer Virtual Apartment Tour Tips

The multifamily industry is completely reinventing how it does business in the midst of the coronavirus epidemic. About 20 multifamily marketing managers, directors and VPs; operation VPs; property managers; and leasing consultants recently gathered in a virtual happy hour to talk about how they are relying more and more on virtual apartment tours.  Many are…
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Mill Creek and QuadReal Launch $421 Million Joint Venture to Develop Multifamily Communities in Targeted Markets

BOCA RATON, FL – Mill Creek Residential, a leading multifamily developer and operator specializing in premier communities across the U.S., announced the formation of a programmatic joint venture with QuadReal Property Group, a global real estate investment firm. The venture will invest up to $421 million to develop and operate multifamily communities in targeted US…
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Signs of Slowing Unemployment; U.S. Jobless Claims Decline for Third Week

4.4 million Americans filed for unemployment last week (ending April 18), a decrease of 810,000 from the previous week’s revised level.

Animal House: Pets in the Home Buying and Selling Process

This report analyzes REALTOR® recommendations and actions taken by home buyers and sellers to best accommodate their pets and present their homes in the best light, despite effects from their furry family members.

Single-Family Rental Home Market Poised for Near-Term Real Estate Growth Opportunities According to SVN Report

PHOENIX, AZ – As the world grapples to tame the coronavirus pandemic and overturn the economic effects of this unprecedented event, commercial real estate (CRE) investors are monitoring all asset class financial positions to lessen short-term portfolio risk while augmenting investments for long-term growth. SVN | SFRhub Advisors, along with industry experts, predict ongoing consumer…
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More Homeowners Sprucing up their Gardens and Curb Appeal in the Time of Coronavirus

One positive effect of sheltering /staying in place orders is that people are engaging in more home hobbies and creative activities that they may have not had time for before due to social activities