LITTLE ROCK, AR – BSR Real Estate Investment Trust announced that it has sold three noncore properties, comprising 632 apartment units, as part of the REIT’s portfolio enhancement and capital recycling strategy. All dollar amounts in this news release are denominated in US currency. The following properties were sold in Longview, Texas for gross proceeds…
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Over the next 12 months, we expect the demand for multifamily properties and industrial properties to increase, while the demand (absorption) for retail and office properties will likely decline.
Isn’t it crazy how fast things change? A couple of months ago virtual tours wasn’t on the radar for most people-and right now it’s the main way that most leasing professionals are meeting with prospective residents! For those of you who have dived into this whole virtual selling, I applaud you for taking the plunge!…
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At the national level, housing affordability conditions improved in February 2020 compared to last a year ago and rose compared to January.
ORLANDO, FL – Lloyd Jones, a real estate investment firm based in Miami, has recently acquired a 292-unit apartment community, Avisa Lakes Apartments. Conveniently located in East Orlando, Avisa Lakes is the third property Lloyd Jones owns and operates in the area. Built in the mid-1980s, the property features an all-encompassing amenity package including a…
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For the last couple of weeks, we’ve been sharing insights designed to help multifamily companies to steer through the challenging market conditions created by COVID-19. Last week we initiated a weekly roundtable discussion for our clients, a group that includes some of the most experienced pricing and revenue management practitioners in the industry. In this blog,…
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DALLAS, TX – Century Bridge Capital announced that it has invested in a middle-income, residential project in Huzhou, China. The project will be jointly developed with Redsun Real Estate, a Hong Kong listed developer based in Nanjing. Huzhou is a prefecture city in the northern Zhejiang Province in the Yangtze River Delta. It is known…
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As the apartment industry continues to trend toward the use of mobile devices for essential day-to-day operations, the focus is shifting toward the devices themselves. The challenge is selecting a device that all team members feel comfortable using, and which facilitates the greatest ease of implementation. So why not let them use their own mobile…
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SAN ANTONIO, TX – Financing from Wells Fargo has been secured for the innovative revitalization and construction of a multifamily community at the historic Borden Creamery property that serves as a very visible welcome to San Antonio on US 281 adjacent to the Pearl district. Plans include demolition of the current self-storage facility and construction…
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According to the today’s release from the Labor Department, 6.6 million Americans filed for unemployment last week.
