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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Instant Reaction: Mortgage Rates, October 15, 2020 Mortgage rates sharply fell this week reaching a new record low. By: Nadia Evangelou Mortgage Financing
Home showings on homes with Sentrilock® lockboxes increased in September compared to one year ago.
ATLANTA, GA – Providence Real Estate, a multifamily owner-operator, announced the completion of the acquisition of The Stratford Apartment Homes located in the Perimeter Center submarket of Atlanta, Georgia. The property was acquired by the Providence Multifamily REIT, Inc., a Providence-managed private REIT that invests in value-add multifamily opportunities throughout the Southeastern United States. The…
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Hispanic Heritage Month: Hispanic Home Owners NAR compared the socioeconomic status and the effects of COVID on Hispanic Americans to those of other Americans. By: Nadia Evangelou
CHICAGO, IL – CA Ventures, the global vertically integrated real estate investment management company, announced that QuadReal Property Group (“QuadReal”) has acquired a 50% interest in its U.S. student living platform. The transaction formalizes the conversion of QuadReal’s existing student, entity-level investments with CA, to an ownership stake in the company. QuadReal’s commitment with CA…
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KING OF PRUSSIA, PA – Morgan Properties, the nation’s fifth largest apartment owner and operator, announced it has acquired 18 communities encompassing 3,256 units in North and South Carolina. Morgan Properties acquired the portfolio for $323 million. This transaction takes Morgan Properties unit count in the Carolinas to nearly 5,000 units and their national portfolio…
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A few weeks ago I got to host a lively chat about digital tools — not only for marketing, but also for personal productivity, well-being, managing leads and enabling teams. Guests Dalia Kalgreen, Director of Marketing for Unified Residential Management, and Katrina Greene, CAM, NALP Trainer, and Senior Regional Property Manager at Sheehan Property…
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