National
Seniors Housing Starts Plunge: NIC
Annapolis, Md.–For the year-long period ending March 31, 2010, seniors housing starts, including senior apartments, were down 32 percent nationwide from the same period a year earlier.
MHN Interview with Ron Reitz: Read Insurance Policy and Have Plan before Disaster
Reitz talks to MHN about the basics of property insurance and what apartment owners need to keep in mind while choosing an insurance policy.
Condo Sales See Slight Uptick in August
Washington, D.C.–The sales of existing U.S. condominiums and co-ops gained some traction in August, according to the National Association of Realtors, but only as a modest uptick.
Apartments Lead the Commercial Real Estate Pack in Recovery
New York–Apartment properties have been the first kind of commercial real estate to show signs of genuine recovery this year, and the outlook is even better.
More People Are Now Renting By Choice
Chicago–According to a new survey conducted by Apartments.com, a notable percentage of people actively looking to lease in today’s apartment market are not hunting because they have to rent but because they want to rent.
Web Feature: How to Stage a Model Apartment Unit?
New York–One of the first things prospective residents like to see in a property is the model units. They look at models to picture themselves living in the apartment or to figure out if their furniture will fit in a unit at the property.
DEAL OF THE DAY: Walter Investment Buys $6.3M in Loans Held by Pool of Mortgages
Tampa–Walter Investment Management Corp. completed the purchase of a pool of residential first-lien mortgage loans utilizing $6.3 million of proceeds from its equity offering.
MHN Interview with Greg Rutten: Apartment Market Downturn Will Last Another 3-4 Years
He talks to MHN about the trend of distressed deals and how QualityFirst Commercial helps developers through the process of foreclosure.
DEAL OF THE DAY: Red Completes $136M Fannie Mae Refinance Loan for 10-State Portfolio Acquisition
Columbus, Ohio–Red Mortgage Capital, LLC, the mortgage banking arm of comprehensive capital provider, Red Capital Group, recently closed a $136 million-plus transaction on a pool of 11 assets located across 10 states nationwide.
HUD Announces $189M Available to Transform Assisted Living and Public Housing
Washington, D.C.–The U.S. Department of Housing and Urban Development (HUD) is making $189 million in grants available to transform public and assisted housing and to revitalize communities.