DURHAM, NC – Magma Equities has acquired Independence Park Apartments, a 312-unit garden-style community in Durham, NC for $50 million. Independence Park is Magma s fifth apartment investment in the Tar Heel State in the past 14 months. Magma tied up the asset and was able to complete its due diligence and secure attractive agency…
Read more
Easy as A/B Testing? During the past year, the NAR Research team has worked on improving survey invitations through multiple strategies. By: Anna Schnerre
Expected pending sales declines, as a result of the coronavirus outbreak, happened in all regions of the country.
CHARLOTTE, NC – Akridge has partnered with KETTLER to purchase a 2.5-acre parcel of land at the corner of Dunavant and Distribution in South End. The acquisition marks the first multifamily project in North Carolina for Akridge, who is also currently developing One Montford Park and recently opened an office in South End. Dunavant and…
Read more
The CARES Act stimulus package guarantees that all homeowners with a federally-backed mortgage can receive forbearance for up to one year if they struggle to meet mortgage payments because of a loss of income as a result of the coronavirus pandemic.
The idle time of shelter-at-home has spawned an explosion in TikTok use among people ranging in age from their teens to their 40s. TikTok has quickly and easily become the latest addictive social media craze. Just consider it was the fourth most downloaded app on iPhones in 2109 with 46 million downloads, trailing only YouTube,…
Read more
ST LOUIS, MO – Mission Rock Residential, a Denver-based multifamily property management company, is further expanding its Missouri presence, announced a new management contract for the Soulard Icehouse and Steelyard Apartments in St. Louis. Now operating jointly as Steelyard Apartments, the company has been issued an agreement for the management of the community by new…
Read more
Among the 4,063 respondents, 23% expect prices to remain stable, 38% expect prices to increase, and 40% expect prices to fall.
From the very early stages of the coronavirus outbreak, it was clear the pandemic would have serious repercussions for the multifamily industry. Now, with emerging data to analyze, we are beginning to get some concrete sense of the outbreak’s impact. Data compiled by Radix shows that, in terms of property performance fundamentals, there are some…
Read more
