Tag: multifamily

CIM Group Tops Out 21-Story Urban Mixed-Use Luxury Residential Development in Brooklyn’s Popular DUMBO Neighborhood

BROOKLYN, NY – CIM Group announced that it has topped out construction of Front & York, the 21-story, mixed-use, full-service luxury residential and retail project located at 85 Jay Street in Brooklyn s DUMBO neighborhood. Designed with health, wellness, and community at its core, CIM is co-developing Front & York with LIVWRK, a Brooklyn-based real…
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New Leases vs. Current Resident Satisfaction: Where Should You Devote More Time?

As property managers and multifamily marketers, our daily tasks have always blown past our original job descriptions. In truth, we hold more than one title — we are each a jack of all trades and that fact has never been more evident than in this COVID-19 world. There’s just not enough time to do it…
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Instant Reaction: Mortgage Rates, August 27, 2020

Mortgage rates dropped this week to average 2.91%, from 2.99% the prior week.

National Multifamily Management Company Takes on Leasing and Management of Second Richmond-Based Apartment Community

RICHMOND, VA – DF Multifamily, a division of Drucker + Falk, a performance driven real estate service and investment firm among the most respected property management and commercial real estate companies in the country, has partnered once again with Douglas Development Corporation on the leasing and management of their up and coming boutique community, Stumpf…
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How Can User Generated Content Boost Your Marketing Strategy?

User-generated content (UGC) is content that promotes a brand that is created independently by customers not commissioned by a company itself. UGC is created by consumers and customers who genuinely believe in a product or service. The type of content created can range anywhere from websites, blogs, photos, videos, testimonials, or social media posts. Different…
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Asia Capital Real Estate Provides $68.5 Million Refinance Loan to Newly Renovated City Club Apartments in Heart of Downtown Cincinnati

CINCINNATI, OH – Global real estate private equity and debt firm Asia Capital Real Estate (ACRE) has provided $68.5 million of floating-rate debt for the refinance of City Club Apartments – CCA CBD Cincinnati. The loan, which was underwritten with a LTV ratio of 63.4%, has a two-year term and two single-year extension options. The…
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Multifamily property owners: Five ways to make the most of your insurance policy

When you need to file an insurance claim on your multifamily property, the benefits you receive will only be as good as the policy you purchased. While maintaining low monthly premiums might seem like the smartest business decision to protect your bottom line, the reality is, it could wind up costing you big in the…
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V-Shaped Housing Market Recovery in July 2020

V-Shaped Housing Market Recovery in July 2020 Several indicators point to the quick recovery of the housing market from the pandemic slump during April and May. By:  Scholastica (Gay) Cororaton

Walker & Dunlop Structures $67 Million Construction Loan for 304-Unit Shoma Village Apartment Community in South Florida Market

HIALEAH, FL – Walker & Dunlop, Inc. announced that it structured $67,211,400 in financing for the construction of Shoma Village Apartments, a Class A mixed-use property with 304 apartment units and 11,625 square feet of retail. Located in Hialeah, Florida, just 15 miles northwest of Miami, the local area is experiencing a significant uptick in…
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5 Tips for Minimizing the Duration of Vacancies

Having vacancies for too long can be bad for business, they can reduce cashflow, customer satisfaction, and employee morale. No matter how well you advertise or how well you maintain your customer relationships there will be turnover and vacancies. While it’s less than ideal, it’s not an impossible situation. Here are 5 strategies to reduce…
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