NEW YORK, NY – Trepp, a leading provider of information, analytics, and technology to the structured finance, commercial real estate, and banking markets, has released the May 2020 U.S. CMBS Delinquency Report. The report revealed that the delinquency rate saw the largest increase since Trepp started tracking this metric in 2009. The surge in CMBS…
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Remember what they say about the best laid plans? They often go awry. Long before the coronavirus outbreak was classified as a pandemic, many apartment management companies created crisis plans for the possibility of widespread disease. So much for planning. It’s painfully clear that the plans were merely guidelines based on hypothetical situations. Nobody has…
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If Minneapolis’ decision today to “de-fund” police becomes a trend in other urban markets, should the apartment industry begin to think about how urban apt rents could be affected? I believe the LA City Council is considering similar. (Pictured, a scene in LA posted by Yahoo! News) I would love the viewpoints from multi-family owner/managers…
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AUSTIN, TX – Rastegar Property Company, a technology-enabled private real estate investment firm focused on value-add and development in all asset classes throughout Austin and the Southwest United States, announced the acquisition of the 70-unit Oakview Terrace Apartments. Settled in rapidly growing North Austin, the property is the Company s second acquisition in the Mueller…
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Because of the coronavirus, dine-in closures and an increase in delivery growth, in essence, have converted every operational restaurant into a ghost kitchen.
Employment data quickly turned for the better with surprising net job creations in May.
CHARLESTON, SC – Greystar Real Estate Partners, a global leader in the investment, development, and management of high-quality rental housing properties, announced the acquisition of the property management business of Alliance Residential Company. The combined businesses will continue to deliver best-in-class services for clients, partners and residents under the Greystar brand. Comprising more than 500…
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Under 2 Million New Unemployment Claims New unemployment claims continue to rise more slowly as some people return to work. By: Nadia Evangelou
These markets were chosen for affordability, inventory availability, strong presence of millennial residents, a lower share of the industries most affected by the lockdown, and fewer job losses during the pandemic than the average.
Conversions rates from live virtual apartment tours are spiking for owner/managers who were quick to implement and train their onsite staff on a variety of platforms to meet the residents’ technology preferences. Gates Hudson, which owns or manages 22,000 apartment homes across 86 communities in the mid-Atlantic Region reports about a 25 percent boost. It…
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