News
Economy Watch: QE3 Soon? Probably (Maybe)
Investors waited all week for Ben Bernanke’s annual Jackson Hole, Wyo., end-of-summer speech, and the chairman of the Fed delivered… something.
TODAY'S DEALS: MAA Picks Up an Asset in San Antonio
MAA buys a 436-unit asset; SBV Communities enters the Oklahoma City market with a 119-unit purchase; and NorthMarq Capital completes a $10 million Freddie Mac refinance of a three-year loan.
Editor’s Note: Back to School
Virtual or face-to-face, education is key at all career stages. E-learning solutions enable apartment companies of all sizes to implement new employee training on Day One. They also allow management to leverage the talent pool and facilitate promotion from within. Tracking tools simplify staying abreast of performance details for large numbers of employees across a far-flung portfolio—and since you can see which employees are struggling with specific skill sets, costly in-person training can be deployed only when and where it’s needed.
San Diego Investors Buy Riverside Townhomes for $10.5M
Pathfinder Partners has acquired Tuscan Townhomes, a 63-unit townhome project located in Riverside, Calif.
MAA Acquires Texas Multifamily Community
MAA, a real estate investment trust, has completed the acquisition of Haven at Blanco, a multifamily community in San Antonio.
Alternatively Built Multifamily Development Uses Upcycling as a Hook
South Africa is the latest country to embrace the emerging trend of alternative building for multifamily developments.
Economy Watch: Personal Income, Spending Up
While investors were anticipating Fed Chairman Ben Bernanke’s pronouncements from Jackson Hole the Bureau of Economic Analysis reported that personal income increased $42.3 billion, or 0.3 percent.
Your Home May Be Your Castle, But Your Rental Unit Is Not
When residents reach beyond the four walls they lease, landlords need full protection under insurance policies.
Two NYC Apartment Properties Win HUD Financing
Greystone Funding Corp., a multifamily and commercial property mortgage specialist, has originated $72.7 million in financing for two multifamily housing projects in New York City. HUD provided the financing for the properties.