HAMILTON, NJ – Total construction starts dipped 18% in September to a seasonally adjusted annual rate of $667.7 billion, essentially taking back August s gain. While some of this decline is certainly payback from several large projects entering start in August, the drop in activity brought total construction starts below levels seen in June and…
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September 2020 NAR Sentrilock® Home Showings Despite a slight decrease nationwide in foot traffic, it remained at historically elevated levels in three of the four regions of the country. By: Brandon Hardin
There is no disputing that apartment operators have experienced a significant increase in emotional support animal accommodation requests in recent years. These can be a source of stress for onsite teams, but they don’t have to be. What’s often misunderstood is that policing these requests isn’t the best solution. Many ESA requests involve large dogs…
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COLORADO SPRINGS, CO – Watermark Residential, a wholly owned affiliate of Thompson Thrift and one of the nation’s leading multifamily developers, announced the acquisition of nearly 21 acres of land in Colorado Springs for the development of Ascent by Watermark, a three-story, resort-style apartment community featuring one- to three-bedroom apartment homes. Construction on the development…
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The main aim of Opportunity Zones is to encourage long-term investments, especially in low-income rural and urban areas throughout the country, and to boost the economy. An Opportunity Zone is an economically distressed rural or urban community that has been identified by state, local, and federal qualifications. Opportunity Zones offer a great investment opportunity for…
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More people filing for regular and longer-term jobless New claims have hovered near 800,000 for 5 consecutive weeks; the number of people filing for unemployment benefits rose significantly last week. By: Nadia Evangelou
ROCK HILL, SC – A Joint Venture between URS Capital Partners, a NY based private real estate investment firm, and Catalyst Capital Partners, a Charlotte based real estate development firm, have recently closed on the acquisition of nearly 7.5 acres encompassing an entire city block in downtown Rock Hill, SC, and will be breaking ground…
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Before the pandemic, owning a rental property where management and staff had regular contact with current and prospective residents was considered a good thing. It meant you were attentive to your tenants’ needs and had plenty of people interested in occupying vacant units. Amid a pandemic, however, that level of contact is viewed in a…
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ATLANTA, GA – Joint venture partners PointOne Holdings, Batson-Cook Development Company, and Novare Group have sold Promenade at Newnan Crossing, a 298-unit apartment community with a mix of three-story buildings, manor-style rental homes and for-rent townhomes on approximately 24.3 acres in Newnan, Georgia. The multifamily community was sold to Capital Square 1031, a leading sponsor…
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Six months after it began in the U.S., the coronavirus pandemic is still with us. Hopefully, a vaccine is on the not-too-distant horizon, and things can return to something resembling normalcy. Until then, multifamily owners and operators will have to continue to adapt to a challenging market. One of the keys to successfully adapting to…
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