News
Steadfast Income REIT Announces New President and Expansion of Board to Include Two New Independent Directors
Steadfast Income REIT, Inc. announced today that Ella Shaw Neyland has assumed the role of president for the public, non-traded multifamily REIT, and that the company’s board of directors is now comprised of seven members with the appointment of two new independent directors, Kerry D. Vandell and Ned W. Brines.
Resmark and Intracorp Plan Seattle Rental Communities
The northeast side of Seattle will soon welcome two new apartment communities to be developed by Resmark Apartment Living and Intracorp.
Dominium Founder Dies at the Age of 70
Dominium, an apartment owner, developer and manager, today is sad to announce that its founder, David Brierton passed away on September 27 at the age of 70 after losing his battle with cancer.
Economy Watch: Consumer Spending Up in August, Incomes Not So Much
There was a disconnect between a rise in consumer spending and a rise in personal income during August, according to the Bureau of Economic Analysis on Friday, and it didn’t bode well for the U.S. economy.
Yardi/G5 Webinar Reveals Strategies for “Wowing” Online Prospects and Residents
In an hour-long webinar on September 27, industry insiders pinpoint the most effective ways to impress prospects with innovative online marketing strategies.
TODAY’S DEALS: Bascom Continues Phoenix Buying Spree
Bascom buys two assets; Centerline Capital provides financing for a Colorado acquisition; and Commercial Mortgage Capital closes $46.5 million in financing in August.
Suburban Dallas Apartment Property Breaks Ground
Work is under way on a $50 million, 444 unit-development apartment in suburban Dallas, as part of a larger joint venture by Catlyn Capital Corp. and TDI Real Estate Holdings LLC.
Beech Street Capital Closes $92.6M in Freddie Mac Loans to Acquire Three Nashville Communities
Mortgage Banking company Beech Street Capital LLC recently closed $92.6 million in Freddie Mac Capital Markets Execution loans for the acquisition of a three-property portfolio in Nashville, Tenn.
Jakarta High-Rise to Become the World’s Fifth Tallest Building
Indonesia will soon welcome the highest skyscraper in Southeast Asia, a $2 billion iconic superstructure that will dramatically transform Jakarta’s skyline.
Economy Watch: US GDP Grew Tepidly in 2Q
The Bureau of Economic Analysis released its final estimate of U.S. GDP growth on Thursday, the one that will be cited forever more, and it wasn’t good tidings for the U.S. economy.