Regions
Distressed Properties Can be Profitable, But Pose Booby Traps for Unwary
New York–Distressed means being exceptionally careful about numbers associated with a property.
How Will Demographic Trends Affect Rental Demand?
Washington, D.C.–He emphasized that though population growth drives demand, it does not correlate well with supply.
Engrain Materializes from Merger of Creativity for Rent and Multifamily Edge
Denver–National marketing and technology firm Creativity for Rent has acquired online marketing consultancy Multifamily Edge.
DEAL OF THE DAY: Walker & Dunlop Closes $5.84M TIC Acquisition Loan
Walker & Dunlop provided a $5,840,000 acquisition loan for Mustang Creek Apartments located in Arlington, Texas.
Developer and Workout Specialist Team Up in NYC
New York–Enough multifamily projects in the city were either caught unfinished or otherwise pummeled by the economic crisis beginning in 2008 that there’s now a specialized real estate business based on reviving these projects.
LeasingDesk Introduces Event Liability Insurance for Residents
Carrollton, Texas–LeasingDesk has announced the availability of special event liability insurance for residents who host one-day gatherings in property clubhouses or at other local off-site locations. “This affordable liability protection is designed to provide protection to the resident and the property owner that a standard renter’s policy does not provide,” says David Carner, president of LeasingDesk. “We believe liability protection will soon become a requirement for many properties any time the clubhouse is rented, because it offers protection to the owner and the resident and the cost is not prohibitive.” Offered through eRenterPlan, which specializes in insurance products for apartment…
Leasing Agents Can Now Connect with Renters Through Live Chat
Chicago–This will allow renters to contact leasing professionals instantly.
Twist on Construction Materials Reduces Development Cost for Dallas Apartment Project
Dallas– Galaxy switched the conventional concrete for cold-formed steel (CFS) to build part of the project and it made all the financial difference.
Two Harlem Condo Projects Revived
New York–The Lore and the Gateway, two condominium projects in Manhattan’s Harlem neighborhood that had been stalled because of problems with their financing, have been restructured and recapitalized
DEAL OF DAY: Transwestern Arranges Off-Market $16.65M Sale in Rising Phoenix Market
Phoenix–In a move that it says signals the emerging recovery of Phoenix’s multifamily