A national rental housing eviction moratorium that is underway Sept. 4 and extends through 2020 has apartment housing groups fighting back with lobbying efforts, grassroots campaigns and media placements. The Center for Disease Control (CDC) issued the eviction moratorium order Sept. 1. “The industry is fully mobilized to call Congress to enact rental assistance, arguing…
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The unadjusted new jobless claims suggest that there was a slight change last week in the number of people applied for benefits.
DALLAS, TX – Supporting the city of Fate, Texas, and senior residents alike, Gardner Capital has begun work on Gala at Fate, a public-private partnership designed to deliver quality senior housing as well as additional long term revenue for the city itself. Gardner Capital, a family-owned private equity firm specializing in multifamily housing and renewable…
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Growing up, I spent my fair share of time watching “The Jetsons.” Set in the year 2062, the cartoon imagined a world of incredible luxury and technology. The Jetsons traveled in a flying car. George Jetson worked a whopping nine hours a week, and the family had a robot maid and a machine that produced…
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BIRMINGHAM, AL – Carter Multifamily announced its acquisition of the 240-unit Summerchase at Riverchase for approximately $26.67 million. Built in 1988, the Hoover, AL apartment community includes 16 two-story, wood frame buildings situated on 24.73 acres in a natural wooded park-like setting. The unit mix includes one- and two-bedroom units. Community amenities include a clubhouse,…
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Grumblings among resident prospects about transparency within the leasing process continue to pick up volume – both in number and sound. It’s an issue the apartment industry is aware of and is working to address. Operators are finding that greater transparency – especially in regard to cost – can lead to a greater number of signed…
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IRVINE, CA – WNC, a leading provider of investment, asset management and development services in the affordable housing industry, announced it has closed WNC Institutional Tax Credit Fund 49 LP (WNC Fund 49). The fund raised $153 million in institutional low-income housing tax credit (LIHTC) equity that will be used to develop and renovate more…
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As we begin to enter a lower season while still dealing with the effects of the COVID-19 pandemic and concomitant recession, we thought it would be a good idea to take some time and focus on renewals. With new rents declining in new markets even during this past summer and thus almost sure to decline…
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The coronavirus pandemic period has shown that workers can work at home productively given the state of technology that enables workers to access their work files from anywhere, collaborate, and stay connected. This means that working from home or remotely is likely to become part of the workforce culture.
SCOTTSDALE, AZ – Wood Partners, a national leader in multi-family real estate development, announced the groundbreaking of its newest luxury residential community – Alta Raintree – in Scottsdale, Arizona. Construction is underway and the community is scheduled to open in the fall of 2021. Located 10 minutes from Scottsdale Airpark in the coveted City of…
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