Apartment operators who have taken steps to responsibly lessen pet-related restrictions are experiencing more than just the positive benefit of an increase in demand at their communities. Many are experiencing an increase in pet-related revenue, as well. This additional revenue, naturally, is particularly timely as operators aim to recover lost revenue due to the pandemic.…
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DALLAS, OR – The Phase Two expansion of the Lodge Residences is underway at Dallas Retirement Village, a senior living community that has served the Dallas area for more than seven decades. This 60,000-square-foot expansion will complete the circle around the existing picturesque courtyard, adding 29 new independent living apartment homes, an indoor pool, spa,…
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You most likely have detailed information about the vehicles owned by your residents. It helps your team control your parking garage, parking lot, understand the nuances of lot utilization and add revenue through monthly parking fees. It also helps the community monitor authorized and unauthorized vehicles. Because the majority of your residents have cars, it’s…
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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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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 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
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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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 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
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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