Landlord’s and real estate investors operate in a world of tight margins. The difference between a successful rental property investment and one you wish you could take back is often only a few percentage points. For this reason, more than ever, landlords and property managers seek various ways to increase efficiency, both as it…
Read more
MIAMI, FL – Belmont Village Senior Living, a nationally recognized developer, owner and operator of high quality seniors housing communities, and Baptist Health South Florida, the largest not-for-profit healthcare organization in the region, have received unanimous approval from the Coral Gables City Commission to build Belmont Village Coral Gables, a premier mixed-use senior living community…
Read more
Mid May 2020 will be recorded in American History textbooks as the beginning of a new economic era. Apartment communities began closing doors to prospects while maintenance, bill payment, mortgage payments, salaries and many other expenses and duties continued. It was necessary to immediately implement methods for continuing to lease apartments during social distancing which…
Read more
The number of users of on-demand delivery services is increasing as well as the number of restaurants partnering with food delivery companies.
NEW YORK, NY – Trepp, a leading provider of information, analytics, and technology to the structured finance, commercial real estate, and banking markets, has released the May 2020 U.S. CMBS Delinquency Report. The report revealed that the delinquency rate saw the largest increase since Trepp started tracking this metric in 2009. The surge in CMBS…
Read more
Remember what they say about the best laid plans? They often go awry. Long before the coronavirus outbreak was classified as a pandemic, many apartment management companies created crisis plans for the possibility of widespread disease. So much for planning. It’s painfully clear that the plans were merely guidelines based on hypothetical situations. Nobody has…
Read more
If Minneapolis’ decision today to “de-fund” police becomes a trend in other urban markets, should the apartment industry begin to think about how urban apt rents could be affected? I believe the LA City Council is considering similar. (Pictured, a scene in LA posted by Yahoo! News) I would love the viewpoints from multi-family owner/managers…
Read more
AUSTIN, TX – Rastegar Property Company, a technology-enabled private real estate investment firm focused on value-add and development in all asset classes throughout Austin and the Southwest United States, announced the acquisition of the 70-unit Oakview Terrace Apartments. Settled in rapidly growing North Austin, the property is the Company s second acquisition in the Mueller…
Read more
Because of the coronavirus, dine-in closures and an increase in delivery growth, in essence, have converted every operational restaurant into a ghost kitchen.
Employment data quickly turned for the better with surprising net job creations in May.
