News
Scott Brown Group Appoints Vice President for Multifamily Division
Scott Brown Group, a real estate investment and management firm, announced that Neil Bertrand has joined the organization as vice president of the multifamily division, Scott Brown Residential.
Miller Adds VP to the DFW Multifamily Investments Division
Hanie joins Henry S. Miller Brokerage as an experienced multifamily investments specialist.
Praedium Group Teams with the Carroll Organization on Houston Multifamily Property Purchase
The Praedium Group and The Carroll Organization have partnered to acquire a 302-unit apartment community in Houston.
MARKET SNAPSHOT: Vibrant Economy in Oklahoma City Promotes Multifamily Expansion
Posting a 5.5 percent unemployment rate, the lowest in the country, Oklahoma City is making tremendous strides in both single-family and multifamily housing.
Economy Watch: Beige Book Moderately Optimistic
The latest “Summary of Commentary on Current Economic Conditions by Federal Reserve District” reported that “hiring was steady or showed a modest increase across many districts,” which may or may not contradict the March jobs numbers reported by the government earlier this month.
Apartments Originally Designed to be Condos Appeal to Renters
A 255-unit apartment complex in Pikesville, Md., has averaged 35 percent resident turnover, below the industry average of 50 or 60 percent.
TODAY'S DEALS: Vesper Holdings Buys Texas Student Housing Asset
Vesper Holdings acquires a 528-bed student housing asset; UIP, Infinity buys a pre-war asset in Washington, D.C.; and Beech Street Capital provides a $5.2 million FHA loan with possibly the lowest rate to lock in the field office’s history.
Manhattan Multifamily Sees Price Increases
According to Brown Harris Stevens’ first quarter 2012 Manhattan Residential Market Report, the average Manhattan apartment sale price was about $1.483 million, up 9 percent from the same period in 2011.
How to Minimize Property Damage in the Event of a Wildfire
As summer approaches and the temperatures go up, it is important for multifamily owners and property managers to protect their buildings from wildfires.
Five Apartment Building Amenities That Might Not Be Worth the Investment
Sometimes buildings have amenities that renters don’t necessarily want or need. Here are five amenities that might not be worth the investment. Do you agree?