INDIANAPOLIS, IN – Watermark Residential, a wholly owned affiliate of Thompson Thrift and one of the nation’s leading multifamily developers, announced the closing of Watermark 3G Multifamily Development Fund II, which successfully met its $105 million funding limit. The fund is a joint venture between Watermark Residential and Irvine, Calif.-based 3G Capital Advisors LLC. “We…
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The foot traffic index decreased by 11.5 points in December from the prior month and by 7.1 points from one year ago.
In the past couple years, overall interest rates have risen several times in the United States. According to many experts, they are likely to finally stabilize in 2020. However, they have already risen sufficiently enough in 2018 and 2019, and we cannot be sure that the same won’t happen by the end of 2020, or…
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SEATTLE, WA – Plymouth Housing celebrated the groundbreaking of an affordable housing development in downtown to deliver 91 permanent housing apartments for adults who have previously experienced homelessness. The nonprofit housing developer was the recipient of low income tax credits early last year as part of an expansion to the Affordable Housing Tax Credit program…
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Housing Affordability Modestly up in November 2019 At the national level, housing affordability conditions improved in November 2019 compared to last a year ago and modestly rose compared to October. January 22, 2020 By: Michael Hyman
“O” in the Senior Housing is More Than Bingo Series. Outreach Marketing for Seniors has changed. Connecting with today’s active independent senior requires a different focus in advertising campaigns. It requires adjustments to the advertising efforts to capture their interest. In the past, advertising for seniors was largely built around the strong influence of health…
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Although the Midwest saw sales decline, the other three major U.S. regions reported meaningful growth last month.
NEW YORK, NY – Aragon Holdings, and Harbor Group International (“HGI”), announced that affiliates of HGI have purchased a portfolio of 36 apartment properties comprising of 13,243 units from Aragon for $1.85 billion. The acquisition is the 5th largest apartment portfolio sale ever, and the largest since 2016. The deal is part of Aragon’s broader…
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MAITLAND, FL – KETTLER announced the acquisition of Town Trelago, a 350-unit lakefront garden apartment community located in Maitland, Florida. Construction was completed on the 20-acre community in 2019. Town Trelago was purchased by KETTLER on December 11, 2019 and is managed by Pinnacle. Town Trelago features desirable lifestyle amenities such as a lakeside infinity…
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Real Estate portfolios strive to increase asset value by pursuing renovations and other strategies. Yet the tools available to manage such strategies haven’t changed dramatically even as technology has continued to evolve. To understand the pros and cons of the various available tools, one needs to understand the key criteria considered to renovate. Then, one…
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