by admin | Sep 13, 2015 | Market Data
Starwood Waypoint, which launched its business seven years ago, now owns more than 16,000 single-family rentals, the vast majority of which were foreclosures. So far it has purchased about 200 brand-new homes from builders, with an average price point of around $180,000. These homes represent about 5 percent of the REIT’s portfolio.
Source: www.cnbc.com
SFR Rental REIT’s are starting to acquire newly built homes to add to their existing portfolio. Starwood Waypoint, which launched its business seven years ago, now owns more than 16,000 single-family rentals, the vast majority of which were foreclosures. So far it has purchased about 200 brand-new homes from builders, with an average price point of around $180,000. These homes represent about 5 percent of the REIT’s portfolio.
by admin | Sep 13, 2015 | Market Data
Renters are losing faith that they will be able to buy a home in the next year, a worrying sign that the housing market won’t get a boost from new buyers anytime soon, according to a new report by Zillow.
Some 4.9 million renters say they plan to buy in the next year, down from 5.2 million in January, according to the property-market database company
Source: blogs.wsj.com
As renters lose faith in their ability to buy a home in the next 12 months, this further bolsters the multifamily market and the ability to absorb the large number of units scheduled to be delivered during the same time. It also underscores a worrying sign that the housing market won’t get a boost from new buyers anytime soon.
According to Zillow, some 4.9 million renters say they plan to buy in the next year, down from 5.2 million in January.
by admin | Sep 2, 2015 | Market Data
The apartment rent picture reflects strength, but …
Source: www.cpexecutive.com
U.S. multifamily rent growth remains strong, with average nationwide rents rising by $7 in August to a record-high $1,162, according to the August edition of Matrix Monthly, a report on U.S. multifamily market trends from Yardi that was released Monday. The increase matched the 6.5 percent year-over-year increase in July.
by admin | Sep 1, 2015 | Market Data
PORT TAMPA BAY TO DEVELOP NEW COLD STORAGE FACILITY
Initial Projected Throughput Over 400,000 Pallets Per Year
Source: www.globaltrademag.com
PORT TAMPA BAY TO DEVELOP NEW COLD STORAGE FACILITYInitial Projected Throughput Over 400,000 Pallets Per Year
by admin | Sep 1, 2015 | Market Data
The Bradenton Area Economic Development Corp. on Friday launched an ambitious five-year plan that includes establishing a “Village of Innovation” in downtown Bradenton aimed at younger digital entrepreneurs looking for a place to get started.
Source: www.heraldtribune.com
The Bradenton Area Economic Development Corp. on Friday launched an ambitious five-year plan that includes establishing a “Village of Innovation” in downtown Bradenton aimed at younger digital entrepreneurs looking for a place to get started.
The Sarasota-Bradenton area continues to shine and is one of the hottest areas on the Gulf Coast of Florida.
by admin | Sep 1, 2015 | Market Data
Eleven construction projects are planned or underway in the long-blighted Rosemary District north of downtown Sarasota.
Source: www.heraldtribune.com
Eleven construction projects are planned or underway in the long-blighted Rosemary District north of downtown Sarasota including a Joint Venture between Vertica Partners, Framework Group and Forge Capital to develop 228 luxury rental units at the NWC of Fruitville & Lemon Street.
