Business Specialties
REIT Troubles Subside: CWSG Capital Markets Update
The REIT tsunami that struck the industry in late 2008 and continued into 2009 has officially subsided. During the past five months, the REIT industry has raised $20 billion of new debt and equity, and even companies whose very survival was in question are now raising unsecured debt at attractive pricing.
Preserving the Past
What could a Japanese pagoda, a Swiss chalet, a Dutch windmill and an Italian villa possibly have in common? They, along with eight other architecturally distinct homes share a 32-acre campus with 116 multifamily residences in Forest Glen, Md.
Portal Protocols
Resident portals are mini sites where tenants can pay their rent, check out activity calendars and request maintenance service. Owners and managers are finding that these portals are must-have amenities today, impacting both resident retention and leasing efforts.
Preserving the Past
What could a Japanese pagoda, a Swiss chalet, a Dutch windmill and an Italian villa possibly have in common? They, along with eight other architecturally distinct homes share a 32-acre campus with 116 multifamily residences in Forest Glen, Md.
Investing in Apartments Today
Investing in apartments is a multi-part effort that involves determining return expectations, seeking apartments, conducting due diligence and exiting the investment. The economy and financing conditions have changed, and that impacts the apartment investment process.
Sycamore Urban Properties Revives Distressed Inland Empire Asset it Purchased from a Bank
Rancho Cucamonga, Calif.— Sycamore Urban Properties, a multifamily investment and development company based in Irvine, rescued a troubled 41-unit townhome development in a successful demonstration of its model for acquisition, stabilization and rapid revival of financially distressed real estate.
N.J. Multifamily Investment Market: Slower but Holding its Own
Over the last few generations, a handful of local old-line families controlled New Jersey’s multifamily inventory. However, in the early 2000s, the popularization of Northern New Jersey’s Hudson Waterfront (Jersey City, Hoboken, Weehawken, West New York and Edgewater) and the entry of institutionally backed builders paved the way for a liquid investment market that took hold in 2004.
Portal Protocols
Resident portals are mini sites where tenants can pay their rent, check out activity calendars and request maintenance service. Owners and managers are finding that these portals are must-have amenities today, impacting both resident retention and leasing efforts.
Increase Resident Retention
With more and more renters moving back home or doubling up, vacancy rates throughout the nation are on the rise. Industry experts agree that, while the emphasis is usually placed on leasing and marketing, there needs to be a shift toward focusing on the current paying customer. In other words, resident retention in today’s difficult economy is even more important than ever before.
New Program Offers $1B for Green Retrofits
A new program could provide a sizable jolt to the already-popular practice of retrofitting existing commercial properties to increase environmental sustainability. The Community Preservation Corp., a non-profit affordable housing lender, has unveiled a new public-private partnership that aims to provide $1 billion in funding for energy efficient upgrades and green retrofits to multifamily properties.