‘On the Ground’ with Eric Brown: Email Marketing Can Help Fill Vacancy
There is so much low-hanging fruit for most apartment operators that even a few small changes can have a huge impact on occupancy. An easy place to start is email capture.
Sunbelt Benefits from Bulk of U.S. Population Growth
The U.S. Census Bureau announced last week that its latest tally of the U.S. population, as of April 1, 2010, stands at 308,745,538.
DEAL OF THE DAY: Chozick Brokers Sale of Condo-Quality Apartments for $1.175M
Hartford, Conn.–Ryan Perkoski of Chozick Realty, Inc. arranged the sale of 51 Imlay Street, a courtyard-style apartment complex.
‘Foong on Finance’ with Keat Foong: Demography is Destiny
It does not seem that long ago that we took note the U.S. population had increased from less than 250 million to about 280 million. That was in the year 2000. The U.S. Census Bureau announced last week that its latest tally of the U.S. population, as of April 1, 2010, stands at 308,745,538. The South and the West are obtaining most of the population increase. The U.S.’s population growth rate in fact exceeds that of China’s. One would think a growing population generates greater demand for apartments, and is generally good news for apartment property owners. Where are the development sites to…
DEAL OF THE DAY: Walker & Dunlop Closes $26.1M Partial Interest-Only Acquisition Loan
Lakeland, Fla.–Walker & Dunlop provided a $26,100,000 acquisition loan for Victoria Manor Apartments.
DEAL OF THE DAY: Raintree Acquires Its Eighth Property in 2010 for $16.7M
Livermore, Calif.–Raintree Partners completed the acquisition of Meadowbrook Apartments, a 125-unit multifamily property in Livermore, Calif.
DEAL OF THE DAY: Colliers Witnesses Intense Competition for $34,228/Unit Sale of Lender-Owned Property
Phoenix–Colliers International has negotiated the sale of the Biltmore Center apartment community.
DEAL OF THE DAY: NorthMarq Arranges $20.25M Mortgage in ‘Broken Condo’ Transaction
Oceanside, Calif.–NorthMarq Capital’s Michael Elmore has arranged first mortgage financing of $20.25 million for River Oaks Apartments.
DEAL OF THE DAY: Oak Grove Capital Closes $7.2M HUD 223(f) Refinancing Loan
Shakopee, Minn.–Oak Grove Capital provided $7.2 million in funding for White Pines Apartments. The HUD MAP 223(f) refinance was for a repeat borrower.
DEAL OF THE DAY: CB Richard Ellis Completes $3.6M Sale
Passaic, N.J.–CB Richard Ellis brokered the $3.6 million sale of a multifamily building at 37-47 High Street in Passaic, N.J.