News
AMSI Integrates with AMS Utility Billing
Tampa, Fla. And Las Vegas–AMSI today announced a new alliance with American Metering Services, Inc.
NWP Services Corporation Introduces MRO Manager
Irvine, Calif.–NWP Services Corporation has introduced MRO Manager, allowing customers to take advantage of a complete resident service request, work order automation and eProcurement solution to generate long-term reductions in maintenance and repair costs.
RentEngine Introduces Multifamily Marketing Tools
Las Vegas–Multifamily Technology Solutions, parent company of MyNewPlace.com, today introduced RentEngine Marketing Solutions, a family of marketing services and tools designed for the multifamily industry.
No Sewers? No Problem for Massachusetts Multifamily Property
Westford, Mass.–For Yule Development Co., the most difficult renovation problem in the redevelopment of its Abbot Mill property was the need to build a water treatment plant.
Dominium Plans $80M Rescue of “Endangered” Minneapolis Property
Minneapolis–Dominium plans an $80 million transformation of its adaptive-reuse project in Minneapolis into a 240-unit affordable housing complex.
MARKET SNAPSHOT: ‘Everybody Wants to be in Washington, D.C.’
Washington, D.C.–The strength of the economy in the nation’s capital continues to lead to a tight apartment market.
UClub Adds Swick to Student Housing Team
Charlotte, N.C.–Jamie Swick has joined University Buyers Club as executive vice president.
TODAY’S DEALS: Real Capital Solutions, Family Development Purchase Gated Adult Community
Real Capital Solutions and Family Development acquire a gated adult community in Palm Desert, Calif.; Silver Capital and McCann Partners acquire a 166-unit property in Zionsville, Ind.; and Marcus & Millichap sells a 22-unit asset for $2.3 million.
Economy Watch: No QE3 from Fed, Even in Face of Slow Growth
Despite weak market growth, Bernanke says there will be no QE3; Moody’s/REAL Commercial Property Price Index drops 3.7 percent; and the FHFA’s house price index inches upward.
WEB FEATURE: Privatization of Military Housing: a PPP Success Story
The Military Housing Privatization Initiative, which transfers ownership and operation of military housing to private hands, illustrates the potential of public-private partnerships.