Nationwide

Tue
16
May
John Triplett's picture

Apartment Pet Amenities Draw Millennial Tenants

Pet amenities at Richman Signature Properties include dog parks like this one

Luxury style pet amenities are a new feature that apartment developers and property management companies are putting in place to draw the increasing number of younger tenants who have pets and want to rent.

By John Triplett

Rental Housing Journal

Apartment developers are creating new spaces both inside buildings and outside to build in more pet-friendly amenities and services for tenants.

In a recent interview, Kristen Gucwa, vice president of national lease-up operations at Richman Signature Properties, talked about some of the top pet amenities in their pet-friendly properties in Florida, Colorado and Texas.

Thu
11
May
The Editors's picture

Seattle Affordable Housing Complex Wins HUD Award

Seattle affordable housing plaza wins HUD award

Seattle’s Plaza Roberto Maestas, a mixed use affordable housing project, has won the 2017 U.S. Department of Housing and Urban Development (HUD) and the American Institute of Architects (AIA) Creating Community Connection Award award, according to a release.

The award recognizes projects that incorporate housing within other community amenities for the purpose of either revitalization or planned growth.

Plaza Roberto Maestas is a landmark equitable transit-oriented development project in Seattle's Beacon Hill neighborhood, according to the release.

The project incorporates the community's vision into a new mixed-use development in a rapidly gentrifying neighborhood.

Thu
11
May
The Editors's picture

Technology Disruptors Speed Up Home Selling Time

Technology advances have changed the time it takes to sell a home and sales can now be done much more quickly than in past years, according to new research from John Burns Real Estate Consulting.

Technology has permanently taken two months off the time required to sell a home,” Rick Palacios Jr, Director of Research for the consulting firm writes.

New real estate technology empowers:

  • A new group of highly informed, quick-close, all-cash buyers
  • Very informed homeowners who are increasingly choosing to rent the house rather than sell it, or to sell the home themselves to an all-cash buyer

Traditional first-time and move-up home buyers have a competitive disadvantage in this new market, Palacios says.

Tue
09
May
The Editors's picture

Former Arizona Property Management Employee Sentenced For Embezzlement

Arizona woman sentenced for embezzling from property management company

A former employee of Treehouse Realty Group, a property management firm, has been sentenced to 6 ½ years in prison for embezzling more than $50,000 from the company, according to the Arizona Attorney General.

Lynna Swann of Tempe, Arizona,  was sentenced to 6 ½ years in prison for embezzling $58,158.13 from her property management employer, according to a release from the attorney general. She was also sentenced to three years probation with white collar terms after she is released from prison.

Treehouse Realty is a property management group that receives multiple checks and money orders as payment from their clients. A company audit found that Swann, 40, was stealing those money orders and checks.

Swann used a thick sharpie to write her name on the money orders and then deposited the money orders into her account. 

 

Tue
09
May
John Triplett's picture

Why Is It So Hard To Build Affordable Housing In Portland?

Why is it so hard to build affordable housing in Portland, Oregon asks Guardian Real Estate Services president Tom Brenneke

A leader in the Portland affordable housing industry talks about why it took four years to get 40 units of affordable housing done from concept to opening.

By John Triplett

Rental Housing Journal

Tom Brenneke has a passion for building affordable housing in the community where he lives and is proud to talk about his latest 40-unit project when recently opened – a triumph of affordable housing.

“I have a particular passion for affordable housing,” said Brenneke, who is president of Guardian Real Estate Services LLC. “I enjoy the complexities,” he said in an interview with Rental Housing Journal.

Mon
08
May
The Editors's picture

Clayton Introduces Tiny Homes At Berkshire Hathaway Meeting

Tiny homes introduced by Clayton Homes at Warren Buffett's Berkshire Hathaway shareholders meeting

The growing trend of tiny homes with luxury amenities was featured by Clayton Homes new Designer Series Tiny Homes and shown during Warren Buffett’s annual Berkshire Hathaway shareholders meeting this past weekend.

“The tiny home movement is driven by people who want to downsize their living space with an efficient, stylish home design,” Jim Greer said a release. “By listening to our customers, we started to see a growing demand for minimalism, high-quality materials and increased functionality.”

Thu
04
May
The Editors's picture

Home Prices Up 7.1% In March And Strongest In The West

Home prices increased the most in the West in March 2017

Home prices jumped after strong job gains, household formation, population growth and still-attractive mortgage rates in the face of tight inventories drove the increase across the U.S. and especially in the West, according to a release from Corelogic.

Wed
03
May
The Editors's picture

Group Acquires 64-Unit Infill Apartment Complex In California

Apartment complex acquired by Bascom Group

An investment group has acquired a 64-unit infill apartment complex for $14 million in the south bay area of Torrance, California, according to a release.

The Bascom Group, LLC acquired Harvard Villa Apartments in the desirable South Bay Los Angeles city of Torrance, California at $218,750 per unit. It closed on April 27, 2017.

Tue
02
May
The Editors's picture

Multifamily Rents Up As Rate of Growth Continues to Slow

Multifamily rents up as rate of growth slows

Multifamily rents rose slightly in April, but the rate of growth slid once again and now stands below the longterm average growth rate, according to the latest report from YardiMatrix.

 Average U.S. monthly rents rose $3 to $1,314, according to Yardi Matrix’s monthly survey of 121 markets. On a year-over-year basis, rents were up 2.0% nationwide in April, down 50 basis points from March and well below the 5.5% growth rate of a year ago.

 The 2.0% year-over-year increase is the lowest it’s been since April 2011, when rents were up only 1.5%.

Tue
02
May
The Editors's picture

Student Debt's Drag On Homeownership Means More Renters

Declining homeownership means more renters

While student debt is a drag on homeownership, that may be good news for owners, landlords and property managers as more people will continue to rent.

John Burns writes in his latest email that for eight years in a row now, homeownership has fallen in the first quarter.

The Census Bureau reported last week the rate stayed statistically the same at 63.6%.  

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