Category: News

JACKSONVILLE, FL – Carter Multifamily (CMF) announced the sale of a 168-unit multifamily property, Peppertree Lane, located at 2800 S. University Blvd. in Jacksonville, Florida for $16.2 million on December 20, 2019. Carter Multifamily purchased Peppertree Lane on April 25, 2018, for $12.0 million. During the 20 months CMF owned and operated the 1971-built community,…
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70% of all REALTORS® volunteer in their community, and the typical REALTOR® who volunteers is 53 years old.

ST. PAUL, MN – CAPREIT, a fully integrated real estate operating company responsible for the ownership and management of more than $5 billion of multifamily assets, announced it has acquired Parkway Gardens, a senior affordable apartment community located less than three miles east of Downtown St. Paul. CAPREIT will renovate the five-story community, which features…
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  I’m in the multifamily industry in St. Louis, MO and have been for almost 30 years.  It seems we have an ongoing, common issue with getting and keeping good maintenance techs.  With so many property management companies losing & needing great maintenance techs, I posed the question on our facebook page as to why…
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When buying a home, most buyers focus on the down payment costs, but budgeting also needs to be done for closing costs.

Age of Buyers is Skyrocketing…But Not for Who You… Overall, buyers’ ages have jumped from a median of 31 in 1981 to 47 in 2019. What’s the story behind this change? January 13, 2020 By:  Jessica Lautz

Metro areas where affordability has worsened over the last five years have seen a decline in job growth during that same period.

MIAMI, FL – Lincoln Avenue Capital (LAC) announced the completion of the purchase of two apartment complexes in Miami’s Brownsville neighborhood, extending the affordability of 196 housing units for seniors and working families. Founded three years ago, LAC is one of the nation’s fastest-growing community-oriented developers, investors, and operators of affordable housing, managing over 9,000…
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Last week, we talked about how unit amenity pricing is the most common place to uncover hidden NOI in multifamily rental operations, and we covered the various reasons why amenity opportunities present themselves. Unit amenities are a simple concept, at least in theory.  However, experience shows that the practice is a lot more challenging. So, let’s explore…
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