Month: April 2020

BYOD model driving the latest multifamily tech transition

As the apartment industry continues to trend toward the use of mobile devices for essential day-to-day operations, the focus is shifting toward the devices themselves. The challenge is selecting a device that all team members feel comfortable using, and which facilitates the greatest ease of implementation. So why not let them use their own mobile…
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Embrey Partners Announces Finance Closing for Historic Borden Property Redevelopment to 338-Unit Multifamily Community

SAN ANTONIO, TX – Financing from Wells Fargo has been secured for the innovative revitalization and construction of a multifamily community at the historic Borden Creamery property that serves as a very visible welcome to San Antonio on US 281 adjacent to the Pearl district. Plans include demolition of the current self-storage facility and construction…
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Tracking Jobless Claims by State: Week Ending April 4, 2020

According to the today’s release from the Labor Department, 6.6 million Americans filed for unemployment last week.

Supporting Pet Owning Residents in a Social Distancing Environment

Pet-owning apartment residents are lucky to have furry and loveable companions in the era of social distancing. These residents often experience less loneliness and have built-in ambition to get outside during the day—while exhibiting proper social distancing measures, of course. These isolation buddies can bring much joy to pet owners, especially in times of crisis.…
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With a Spring Real Estate Slowdown Expected, NAR Survey Finds Many Realtors® Hopeful for Post-Pandemic Market Rebound

The majority of Realtors® believe buyers and sellers will return to the market as delayed transactions following the end of the health crisis.

Outlook for Multifamily Market Financing

The multifamily market was the most attractively bought property asset in past years.

CMBS Delinquency Rate Ticks Up in March After Downward Trend That Extended for Almost Three Years According to Report

NEW YORK, NY – Trepp, a leading provider of information, analytics, and technology to the structured finance, commercial real estate, and banking markets, has released its March 2020 US CMBS Delinquency Report. The Trepp CMBS Delinquency Rate inched up in March, a rare break from the downward trend that has extended for almost three years.…
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Preferred Apartment Communities Announces Acquisition of 392-Unit Multifamily Community in Tampa, Florida

TAMPA, FL – Preferred Apartment Communities announced its acquisition of Altis Wiregrass Ranch, a newly-constructed 392-unit Class A multifamily community located in Tampa, Florida. Jeff Sherman, President of Multifamily said, “Despite the current near-term environment, our financial involvement in the development of this property since inception gives us a deep understanding of the positive long-term…
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February 2020 Existing and Pending Home Sales

NAR Chief Economist Lawrence Yun discusses the latest home sales numbers, how the coronavirus is affecting the housing market, and the factors that may offset some of the market uncertainties.

Older Millennials: Forming Families, Establishing Homes

Older Millennials: Forming Families, Establishing Homes Older Millennials, buyers aged 30 to 39 years, made up the largest share of home buyers by generation at 25 percent of all home buyers in 2019. By:  Matt Christopherson