Month: June 2020

CHARLESTON, SC – Greystar Real Estate Partners, a global leader in the investment, development, and management of high-quality rental housing properties, announced the acquisition of the property management business of Alliance Residential Company. The combined businesses will continue to deliver best-in-class services for clients, partners and residents under the Greystar brand. Comprising more than 500…
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Under 2 Million New Unemployment Claims New unemployment claims continue to rise more slowly as some people return to work. By:  Nadia Evangelou

These markets were chosen for affordability, inventory availability, strong presence of millennial residents, a lower share of the industries most affected by the lockdown, and fewer job losses during the pandemic than the average.

Conversions rates from live virtual apartment tours are spiking for owner/managers who were quick to implement and train their onsite staff on a variety of platforms to meet the residents’ technology preferences. Gates Hudson, which owns or manages 22,000 apartment homes across 86 communities in the mid-Atlantic Region reports about a 25 percent boost. It…
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VERO BEACH, FL – The leadership team of Watercrest Senior Living Group and Titan Development Real Estate Fund I announced the opening of Watercrest Winter Park Assisted Living and Memory Care. The 107-unit, resort-style senior living community is now welcoming its founding residents to their new home in beautiful Winter Park, Florida. Watercrest Winter Park…
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Multifamily workplaces around the country are wrestling with the challenges of reopening their offices. According to research by SHRM, 50% of employers plan to return to the workplace by July 15, and 39% will implement a phased return to work strategy. As multifamily housing operators make their return to work plans, leaders should adopt a…
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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 acquisitions of 505 and 507 W. Live Oak Street in South Austin, Texas. Sitting just two miles from the heart of the City s…
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With every state starting to re-open in various ways, we are still seeing improvements in some metropolitan statistical areas (MSAs) in terms of traffic and leases, and mixed results in other areas. During the week ending on May 27, for example, Atlanta, Austin and Orlando showed week-over-week (WoW) improvement in leases signed. Meanwhile, Phoenix, Houston…
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BOSTON, MA – West Shore, a fully integrated, multifamily real estate investment firm, has acquired two Class A multifamily communities in the Carolinas. With the addition of Plantation at Pleasant Ridge in Greensboro, North Carolina, and Town Center at Lake Carolina in Columbia, South Carolina, West Shore now owns and manages seven properties across the…
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Record-low mortgage rates are likely to remain in place for the rest of the year, and will be driving housing demand as state economies steadily reopen, but more listings and increased home construction will be needed to tame price growth.