National
Mortgage Applications Decrease Driven by a Drop in Refinances in Latest MBA Weekly Survey
Mortgage applications decreased 6.7 percent from one week earlier, according to data from the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending June 29, 2012.
TODAY’S DEALS: Campus Crest Completes the Purchase of Two JV Properties
Campus Crest Communities acquires a full interest in two joint venture properties; Marcus & Millichap lists a luxury rental in Valdosta, Ga.; and George Smith Partners arranges $15.2 million in debt and equity financing for a Denver high-rise.
Joint Venture Buys Alexandria Residential Portfolio for $125.5M
By Adrian Maties, Associate Editor The Praedium Group, a privately held real estate investment firm based in New York, has formed a joint venture with The Milestone Group, a Dallas-based multifamily real estate investment and management company, to buy the Alexandria Portfolio, a 556-unit multifamily portfolio in Alexandria, Va. The unknown seller was represented by […]
TransUnion Survey Shows Property Managers Doing Better Than Last Year
According to a recent TransUnion survey, both large and small property managers are doing better than they did a year ago and are more easily attracting residents while increasing rental prices.
TODAY’S DEALS: Home Properties Buys Maryland Asset for $186M
Home Properties buys a 1,350-unit asset; a 42-unit property trades for $4.9 million in Oakland, Calif.; and Red Mortgage provides $21.2 million in financing to the first 221(d)(4) FHA loan to benefit from North Carolina’s Brownfields Agreement.
SPECIAL REPORT: New Social Media and SEO Strategies
At the recent National Apartment Association Education Conference and Exposition in Boston, panelists at the session “Analyzing and Optimizing Your Online Marketing Strategies” discussed tips to get the most out of social media and make property websites the most effective in terms of search.
SPECIAL REPORT: The Importance of EQ for Property Managers
At the recent National Apartment Association Education Conference and Exposition in Boston, Susan Sherfield and Christopher Reed of Mercy Housing led a session called “Did I Just Say That Out Loud?,” which presented why it is critical for property managers to improve their emotional intelligence.
SouthShore Developer Breaks Ground on Upscale Newport Apartment Complex
By Adrian Maties, Associate Editor Capital Investment Group Inc., the group that built the SouthShore condominium tower, started work on June 21 on a $15.6 million apartment building in Newport, Northern Kentucky. Officials from the city of Newport, including Newport Mayor Jerry Peluso, and representatives of Capital Investment Group attended the groundbreaking ceremony, held at […]
TODAY’S DEALS: Caruso Begins $32M Mixed-Use Asset in L.A.
Caruso begins a luxury asset in L.A.; Meridian Capital Group negotiates financing for multifamily properties in Manhattan and Brooklyn; and Virtú Investments buys a $12 million community near UC Davis.
SPECIAL REPORT: Improving Performance Through Personal Accountability
At the recent National Apartment Association Education & Exposition in Boston, Andrew Botieri, Total Peak Performance, presented a session titled “Improving Performance Through Personal Accountability,” which described the importance of taking responsibility at your property.