Month: October 2020

Three Oaks Management and Partners Acquire Waterforde Place Apartment Community in Heart of Sumter, South Carolina

SUMTER, SC – Charlotte based Three Oaks Management LLC and partners Cornerstone Investment Partners, LLC and LRI USA LLC are announced their acquisition of Waterforde Place in Sumter, SC. The property is located right in the heart of Sumter, SC. The garden style property is located on Jessamine Trail, with easy access to Broad Street…
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August 2020 Existing and Pending Home Sales

Pending contracts are hitting all-time highs, implying that the autumn housing market activity will be stronger; the winter months also look bright because there are plenty of buyers in the pipeline. One constraining factor: not enough inventory.

Obtaining Credit and Income Growth Expectations

Obtaining Credit and Income Growth Expectations Income and credit conditions are two main factors that affect the ability of consumers in obtaining a loan for a home or other personal property. By:  Nadia Evangelou Financing & Credit

The NRP Group Breaks Ground on Mixed-Use Residential Community in Cleveland’s Broadway-Slavic Village Neighborhood

CLEVELAND, OH – The NRP Group, the vertically-integrated, best-in-class developer, builder, and manager of multifamily housing, announced the groundbreaking of 5115 at The Rising, a mixed-use residential community in Cleveland’s Broadway-Slavic Village neighborhood. This project is being developed in collaboration with University Settlement, a premier social services provider that has been serving residents in the…
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Multifamily Package Volume Approaching Breaking Point

What are we supposed to do with all of these packages? It’s a sentiment that has echoed through leasing offices across the country since the emergence of Covid-19.  Package volume at multifamily communities has skyrocketed in recent months. In an effort to avoid public spaces including brick-and-mortar retailers, renters are increasingly turning to e-commerce for…
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Instant Reaction: Jobs, October 2, 2020

Instant Reaction: Jobs, October 2, 2020 The jobs recovery continued in September, with another 661,000 net new jobs. Government jobs fell, and layoffs of school support staff occurred. By:  Lawrence Yun

Preferred Apartment Communities Announces Agreement to Sell its Student Housing Portfolio to TPG Real Estate Partners for $478.7 Million

ATLANTA, GA – Preferred Apartment Communities announced that it has entered into a Purchase and Sale Agreement to sell its student housing portfolio to TPG Real Estate Partners for $478.7 million. The transaction is expected to close in the fourth quarter of 2020 and is subject to customary closing conditions. The Portfolio was marketed for…
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Instant Reaction: Mortgage Rates, October 1, 2020

The 30-year fixed-rate mortgage dropped to average 2.88% this week from 2.90% the prior week. Rates have stabilized below 3% for more than 2 months.

Using Email Reporting to Improve Multifamily Email Performance

Email Reporting Overview Finally, to improve email performance you need the right data. There are 3 metrics you should measure on every email: Sends Open Rate Click-Through Rate These features allow you to optimize: Subject lines CTAs Email variety Send Frequency In this post, we will review email reports and use that data to inform…
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August 2020 Pending Home Sales

August’s pending home sales pace increased 8.8% last month and jumped 24.2% from a year ago.