You have probably seen a letter that a property management company sent to its residents making the rounds on social media and the regular media lately that says, “Despite these circumstances, you are required to pay your rent on time…While this may sound like we are being uncaring, please keep in mind that all of our expenses, including bank…
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JACKSONVILLE, FL – Broadshore Capital Partners, in joint venture with an investment client, announced that it has acquired the 280-unit Victoria at Orange Park apartment community in Jacksonville, FL, for $37.1 million. This is the first transaction through a new programmatic real estate investment joint venture focusing on equity and debt investments. The new venture…
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According to the Department of Labor, the number of Americans filing claims for unemployment benefits shot to a record of 6.6 million last week.
There’s no doubt about it: the novel coronavirus has become the issue in our country in recent weeks, and the multifamily industry is in a whirlwind as operators work to protect their team members and residents. Properties are well aware that any visitors can pose a risk which is why using services that work with…
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CLEMSON, SC – MultiVersity Housing Partners (MVHP) has acquired The Ridge, located near the campus of Clemson University. MultiVersity Property Management (MVPM) will be overseeing the management of this 616-bed, Class A+ purpose build student property, as well as all planned property improvements. The Ridge was constructed in 2018 and is made up of two-bedroom/two-bathroom…
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PONTE VEDRA, FL – Passco Companies, a privately held California-based commercial real estate company that specializes in acquisition, development, and property and asset management throughout the U.S., has acquired The Reserve at Nocatee, a 244-unit luxury multifamily community in Ponte Vedra, Florida, for $54.9 million. The Reserve at Nocatee is the first multifamily community with…
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Nearly 8 in 10 establishments in the U.S., employing nearly half of the country’s workers, falls into the category of “small business.” This is why one of the CARE measures funds an SBA loan program that provides loans and encourages businesses to retain their workers during the coronavirus pandemic.
In-person tours of multifamily properties have likely slowed to a trickle or stopped due to the COVID-19 pandemic. But, that doesn’t mean leasing has to grind to a halt. Now is the time to beef up your virtual tour options and use live video, pre-recorded and self-guided tours to your advantage. …
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February 2020 Pending Home Sales Pending home sales data showed that February’s pending home sales pace rose 2.4% last month and increased 9.4% from a year ago. By: Michael Hyman
Savings from Refinancing, by County See how much the monthly mortgage payment changes when rates drop from 4.0% (May 2019) to 3.5% (February 2020) and 3.0%. By: Nadia Evangelou Financing & Credit, Mortgage Financing
