News
MHN Interview: Investing in International Student Housing
Greystar recently acquired a student-housing portfolio in the U.K. MHN talks to Bob Faith, founder and CEO of Greystar, about this international investment strategy, and the challenges they faced.
TruAmerica and Partners Buy San Jose Apartments for $38M
A partnership between TruAmerica Multifamily, Vista Investment Group and Western Investments Capital, has acquired Avenel Apartments in San Jose, Calif., for $38 million. The property is a 168-unit multifamily community originally built in 1987.
‘What Renters Want’ with Jessica Fiur: The Super Bowl and Preventing Subleases
The Super Bowl might bring a rush of illegal subleases to nearby apartment communities. How would you prevent your residents from doing this?
TODAY’S DEALS: Tricap, National Equity Buy 354 Luxury Units in Columbus
Tricap Residential Group and National Equity buy two Ohio apartment assets; Charles Dunn Co. completes a 22-unit sale in Santa Monica; and NorthMarq arranges $143.4 million in refinancings for eight apartment loans.
Millennials are ‘Renter Generation,’ Study Reports
When the Great Recession struck in 2008, the Millennial Generation was among the hardest hit. Caught in a plummeting economy characterized by enormous job cuts and limited new hiring, these underpaid and unemployed new-to-the-workforce folks didn’t have the economic wherewithal to move out on their own as previous generations did.
ULI Special Report: D.C. Falls in Investors’ Eyes
The 2014 Emerging Trends in Real Estate report contained few surprises, but traditionally durable Washington, D.C.’s drop to No. 22 in the ranking of cities with the best investment activity spoke volumes about the uncertainty the federal government has produced.
Hines Prepares to Open WaterWall Place in Houston
Hines, the owner and developer of WaterWall Place in Uptown Houston, has started pre-leasing the property.
Economy Watch: Jobs Uptick in October
The delayed jobs report for October came out on Friday, with the Bureau of Labor Statistics finding that the economy created 204,000 jobs during the month, an improvement from the September, and more than the average monthly growth for the last previous 12 months of 190,000.
Boyd Management Inc. Adopts Yardi SaaS Select Platform and Adds Online Procurement and Payment Processing
Yardi announced today that Boyd Management Inc. (BMI), an affordable housing management firm based in South Carolina, has begun the process of upgrading its software and database hosting service to Yardi SaaS Select.
Chinese Developer Plans $7.8 Billion Financial Hub in South Africa
Hong Kong-based developer Shanghai Zendai Property Limited is planning to transform a Johannesburg suburb into a global financial hub.