PITTSBURGH, PA – MultiVersity Housing Partners (MVHP) has been awarded management of Union on 5th, located steps from the campus of Duquesne University and less than 2 miles from University of Pittsburgh. MultiVersity Property Management (MVPM) will be overseeing the management of this Class-A student apartment property as well as all planned property improvements. Union…
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Renters continue to become increasingly astute. The days of visiting an apartment community without having fully vetted it online are essentially over. That’s why the multifamily industry has made a concentrated push to include as much information as possible on community websites and other listings, so prospective residents can see amenities, location details and the…
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LOS ANGELES, CA – As California goes through its coronavirus crisis, progress towards development of permanent housing options for the homeless becomes an ever more apparent public health and safety priority. In Los Angeles, an important model for PSH is making its way through the planning process and is due for approval and construction start…
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You have probably seen a letter that a property management company sent to its residents making the rounds on social media and the regular media lately that says, “Despite these circumstances, you are required to pay your rent on time…While this may sound like we are being uncaring, please keep in mind that all of our expenses, including bank…
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JACKSONVILLE, FL – Broadshore Capital Partners, in joint venture with an investment client, announced that it has acquired the 280-unit Victoria at Orange Park apartment community in Jacksonville, FL, for $37.1 million. This is the first transaction through a new programmatic real estate investment joint venture focusing on equity and debt investments. The new venture…
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According to the Department of Labor, the number of Americans filing claims for unemployment benefits shot to a record of 6.6 million last week.
There’s no doubt about it: the novel coronavirus has become the issue in our country in recent weeks, and the multifamily industry is in a whirlwind as operators work to protect their team members and residents. Properties are well aware that any visitors can pose a risk which is why using services that work with…
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CLEMSON, SC – MultiVersity Housing Partners (MVHP) has acquired The Ridge, located near the campus of Clemson University. MultiVersity Property Management (MVPM) will be overseeing the management of this 616-bed, Class A+ purpose build student property, as well as all planned property improvements. The Ridge was constructed in 2018 and is made up of two-bedroom/two-bathroom…
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PONTE VEDRA, FL – Passco Companies, a privately held California-based commercial real estate company that specializes in acquisition, development, and property and asset management throughout the U.S., has acquired The Reserve at Nocatee, a 244-unit luxury multifamily community in Ponte Vedra, Florida, for $54.9 million. The Reserve at Nocatee is the first multifamily community with…
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Nearly 8 in 10 establishments in the U.S., employing nearly half of the country’s workers, falls into the category of “small business.” This is why one of the CARE measures funds an SBA loan program that provides loans and encourages businesses to retain their workers during the coronavirus pandemic.
