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Thu
10
Aug
The Editors's picture

Landlords Settle Fair Housing Pet Discrimination Case For $72,000

Pet discrimination case settled

Northern California landlords have settled pet discrimination allegations that they and their agents discriminated against a female tenant with disabilities who requires an assistance animal, according to a release from the U.S. Department of Housing and Urban Development.

Fair Housing Advocates of Northern California (FHANC) filed a complaint alleging that the owner of the properties (Shultz Investment Co.), representatives of its management company (Greenbrae Management, Inc.) and its leasing agents discriminated against a resident who has a medical condition and required a service dog at the Bon Air Apartments in Greenbrae, California.

Thu
10
Aug
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Multifamily Zero Energy Communities In New Arizona Real Estate Fund

New Arizona fund features multifamily zero energy communities

A Scottsdale, Arizona firm has opened a new $100 million commercial real estate fund that includes multifamily zero energy ready communities plus access to grow wealth with ownership in apartments, hotels, office, self-storage and similar properties for accredited investors, according to a release.

The fund will invest in “middle market” U.S. commercial real estate assets that can deliver attractive risk-adjusted return through a combination of current income and capital appreciation, following a similar strategy of the company’s previous commercial fund, which was closed one year early, over-subscribed.

Tue
08
Aug
The Editors's picture

Multifamily Construction Starts Reveal Mixed Pattern In Top Metros

Multifamily Construction Starts Reveal Mixed Pattern In Top Metros

 During the first half of 2017, eight of the top ten metropolitan markets for commercial and multifamily construction starts ranked by dollar volume registered decreased activity compared to a year ago, according to Dodge Data & Analytics.

 At the same time, metropolitan markets ranked 11 through 20 showed growth for nine of the ten markets, as smaller geographic areas are picking up the slack from the deceleration underway in those cities that have led the commercial and multifamily upturn over the past several years.

 At the national level, the volume of commercial and multifamily construction starts during the first half of 2017 was $87.5 billion, down 9% from last year’s first half, although still a slight 1% above what was reported during the first half of 2015.

Tue
08
Aug
The Editors's picture

Multifamily Joint Venture Acquires $90 Million San Diego Community

Multifamily joint venture acquires san diego apartments

A Los Angeles-based multifamily joint venture firm has bought 519-unit Eagles Point apartments in Escondido for $90 million with plans to upgrade the property, according to a release.

Allstate Insurance, in a multifamily joint venture with TruAmerica Multifamily, made the acquisition, according to a release.

Escondido is one of the fastest growing cities in North San Diego County. Over the past five years, its population has grown by 6.3% percent and is projected to grow by an additional 5.4% by 2021, according to FastReport.

With fewer than 14,000 rental units and only two projects totaling 275 units in the construction pipeline, the city’s multifamily inventory is not close to keeping pace with its tremendous growth, according to Greg Campbell, TruAmerica’s Senior Managing Director of Acquisitions and Dispositions.

Tue
08
Aug
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Multifamily Recycling Issues At Buildings In Portland Metro

Multifamily recycling issues at Portland metro apartment buildings

A new study says there is inadequate access to multifamily recycling, including mixed recycling and glass recycling service, at many multifamily buildings in the Portland metro area, according to the Multifamily Recycling Project.

The study was a collaborative project between Metro, the cities of Beaverton, Gresham and Portland, and Clackamas and Washington counties. The project focused on gathering and analyzing a range of data about garbage and recycling in apartment and condominium buildings with five or more units, across greater Portland.

The purpose of the project was to define what opportunities for improvement exist in multifamily garbage and recycling collection related to policy, infrastructure, and education, according to the study.

Mon
07
Aug
John Triplett's picture

Apartment Pet DNA Testing Expands To “Travel Dog” Concept

Apartment pet DNA testing company has new product called Travel Dog

Pet friendly apartments have turned to pet DNA testing to help keep common areas clear of dog poop. It has worked for many apartment complexes.

By John Triplett

Rental Housing Journal

The company that started pet DNA testing for apartment buildings, PooPrints, has recently launched the Travel Dog membership program that

Brody, pictured above, is a Travel Dog member.

allows pet owners to register their pets in the DNA World Pet Registry using a simple DNA sample, according to a release.

Fri
04
Aug
The Editors's picture

The Main Reason People Are Not Buying Homes Is Affordability

Affordability of new homes main reason people choose to rent

A majority of people say new home affordability is the main reason they do not own a home, and not a desire to have the flexibility of renting, according to new research from John Burns Real Estate Consulting.

The trend of more people choosing to rent may be tied directly to the fact that new homes now are simply too expensive and unaffordable for consumers. Plus, builders have moved away from building new homes under $200,000 and focused on much higher priced new homes, according to the report.

“Rising new home prices across the nation have eroded new home sales under $200,000 and contributed to lackluster new home sales volumes,” write David Jarvis, John Burns Senior Vice President, and Matt Farris, Associate.

Thu
03
Aug
The Editors's picture

Over-Automated Recruitment Processes Can Leave Job Candidates Frustrated

over-automated recruiting processes can leave job candidates frustrated

Most job candidates find value in technology but they are frustrated when it supersedes the human aspect of the job search and hiring process, according to a new study.

In fact, 82 percent of respondents agree they are often frustrated with an overly automated job search experience, according to a release from Randstad.

The issue is around the role technology should play in the job search and hiring process.

Wed
02
Aug
The Editors's picture

Amazon Launches Delivery Locker Product For Apartment Buildings

New apartment locker product from Amazon called The Hub

Amazon has launched a new delivery locker product, called “the Hub,” for apartment buildings so residents can securely receive bulky packages and pick them up at convenient times for the tenants, according to Amazon.

Amazon is promoting the service saying, “It’s your package. Pick it up on your schedule.”

The pitch to property managers to focus on residents

Amazon is pitching the lockers to apartment owners and property managers saying, ”Your residents will thank you.

“Accepting deliveries from all carriers, Hub by Amazon can free you and your staff from daily package management.  It’s convenient and easy to use, making the Hub an amenity your residents will love.

“Self-service delivery and trusted customer support come together to create a solution you can count on,” the company says.

Tue
01
Aug
The Editors's picture

My Multifamily Investing Philosophy And How I Do It

Multifamily investing with Vinney Chopra blog

This week we introduce a new blogger, Vinney Chopra, with many years of experience in multifamily investing who is dedicated to education and teaching others what he has learned in more than 35 years of real estate investing.

By Vinney Chopra

I want to discuss with you my investing strategies, my philosophy, and how I got started in real estate investing..

When I started out investing in real estate, I used to believe in single-family homes.  I started buying them about 30 years ago. I also bought a multifamily home back then.

As I became more exposed to the knowledge and the specific benefits of commercial real estate, it really changed my thinking process. When I got to know more about multifamily investing - or what you may call apartment investing - it really started to make sense to me.

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