Category: News

1.3 Million New Unemployment Claims While People Receiving Benefits Eased to 18 Million

People Receiving Benefits Eased to 18 Million In the week ending July 4, new unemployment claims decreased to 1.3 million, a decrease of 99,000 from the previous week’s revised level. By:  Nadia Evangelou

May 2020 Existing and Pending Home Sales

Existing home sales in May reached 3.9 million. While this is the lowest point in nearly a decade, it was expected due to the economic lock down. However, the housing sector is expected to undergo a V-shape recovery, meaning a sharp downturn followed by a sharp rebound.

How Has the Pandemic Changed the Movement of People Across the Country?

With most states lifting the restrictions of business and public spaces, hundreds of millions of people started moving around again. Mobility typically brings economic development and, subsequently, a faster recovery in the local economy from the recent shutdown orders.

What 2020 Has Taught Multifamily Leasing Professionals About the Power of Human Connection

As 2019 came to a close, the world felt tired, overworked, and even “peopled out”. The overall sentiment in those early days of 2020 boiled down to a two-word phrase: burn out. Gallup’s research results showed that around 45% of Millennials experienced “sometimes” burnout. 45% is a massive number. 2020 was expected to be more of the…
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Market Recovery Survey

The coronavirus has affected markets across the nation, but members are in the process of regaining their footing. This report provides a snapshot of the recovery process for both residential and commercial markets.

Southern Properties Capital Announces Expansion of Windmill Farms Development in East Dallas Submarket of Forney, Texas

DALLAS, TX – Southern Properties Capital, a subsidiary of Transcontinental Realty Investors, (NYSE: TCI) a Dallas based real estate investment company, announced that Windmill Farms development continues to expand. SPC recently sold a 2-acre parcel for commercial development on the corner of Windmill Farms Blvd and Falcon Way. Two neighborhoods were recently completed with lots…
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8 Post-COVID Property Management Predictions

  Working from home and hosting virtual meetings. Sanitizing groceries, packages and literally everything else you might touch. Finally getting see Hamilton, and without having to spend $849 for a ticket! Things are…different…now. 

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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