Month: July 2020

Capital Square Closes Construction Loan for Project-Specific Opportunity Zone Fund Multifamily Project in Richmond, Virginia

RICHMOND, VA – Capital Square, a leading sponsor of tax-advantaged real estate investments, announced today that the firm has secured a loan from M&T Bank to facilitate the construction of Scott’s Collection I, a mixed-use multifamily property in the Scott’s Addition designated opportunity zone in Richmond, Virginia. The development of Scott’s Collection I is the…
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Local Suppliers of Multifamily – These Tips Will Help Your Business

If you work for a local supplier trying to grow your business, I highly recommend checking out this video.  Max Maher owns a moving and storage company and is phenomenal at fine tuning business strategies.  Several of these tips are in the “obvious” category, but then we still see these same mistakes every single day! …
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ConcordRENTS Announces the Ground Breaking of $28.7 Million Affordable Housing Community in Lady Lake, Florida

LADY LAKE, FL – ConcordRENTS announced the ground breaking of Lake Sumter Apartment Homes, a $28.7 million affordable housing community, consisting of 158 apartment homes serving those making 40% – 80% of the area median income. Located minutes from the Lake Sumter Landing in The Villages, Lake Sumter Apartment Homes is the newest affordable community…
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Price-to-Rent Ratios by State from 2014-2019

In considering where to move, potential home owners and renters have to keep their fingers on the pulse of home price and rent growth.

The Right Way, and the Wrong Way, to Hand Bot Conversations to Humans

Let’s face it, everyone agrees that bots are not as smart as humans and there are certain conversations that need to be escalated to human agents. However, not everyone agrees on what’s the best way to handle this and the “conventional wisdom” often favors immediate human handoff using live chat. Not so fast, read on…
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Homeowners Struggling to Pay Bills in the Coronavirus Crisis

The Coronavirus Crisis has people struggling to pay bills: twelve percent of homeowners did not pay on time their mortgage last month, according to the U.S. Census.

National Multifamily Firm Expands Footprint with Management Assignment of Two Apartment Communities in Atlanta Market

ATLANTA, GA – DF Multifamily, a division of Drucker + Falk (DF), one of the nation s most prominent multifamily management companies, recently assumed management of two multifamily properties in Atlanta, Georgia. Early into the year, Investors Management Group Inc (IMG), a private real estate firm specializing in multifamily real estate syndication, Tenancy in Common…
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Common Expands Multifamily Management Portfolio with Two Large-Scale Apartment Communities on East and West Coast

FORT LAUDERDALE, FL – Common, the nation’s leading residential brand that designs, leases and operates community-oriented multifamily properties, announced a 575-unit portfolio expansion in partnership with Nuveen Real Estate, one of the largest investment managers globally. Common will take over as operator for two of Nuveen’s largest Class A US multifamily assets: The Edge and…
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Continuous Improvements in the Job Market; Fewer Than 1.5 Million New Unemployment Claims

With significant improvements in the job market, employment grew by 4.8 million new jobs in June.

When and How Much Should My Community Charge for Parking

“How much to charge for a parking space” is a common concern we hear on a frequent basis. A lot of communities, specifically in the multifamily industry, struggle with knowing how much and when to charge for parking due to the concern of negative response or backlash from residents. It is an unfortunate reality, that…
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