Category: Nettamorfasis
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Multifamily Gulf Coast of Florida (Tampa-St Pete) 4th Qtr 2019
Multifamily 2019 Outlook Investment Trends • Value-add opportunities remain the focus of many investors. Properties that can be improved through added amenities, management changes or cosmetic upgrades, and have rent adjusted to market rate are particularly desired. Over the…
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As Flood and Terrorism Insurance Programs Near Expiration, Multifamily Borrowers Fear an Increase in Rates
Both federal programs need to be extended for the long-term. Bendix Anderson | Oct 29, 2019 The owners of apartment properties may soon struggle to renew insurance policies for floods and terror attacks, and that may already be increasing the difficulty…
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The National Average Rent Declined for the First Time in Two Years, Dipping to $1,471
October 15, 2019 Written by Irina Lupa via RentCafe.com Key takeaways: The national average rent went up by 3.2% in the past year but dipped by 0.1% month-over-month, reaching $1,471 in September according to data from Yardi Matrix. Apartment rates in a majority…
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Tampa Apartment Sale Shatters Market Record for Price Per Unit
SEPTEMBER 13, 2019|BRIAN ALFORD via Costar.com CoStar Market Insights: Second Premium-Priced Multifamily Transaction in Days Keeps Capital Flowing Into Tampa 500 Harbour Island has sold for a record $440,000 per unit, the second record-setting transaction in Tampa this month. (CoStar)…
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Waterfront Apartments Coming to Tampa Bay Amid Supply Wave
written by PAUL OWERS via costar.com Bainbridge Bayside to Open in August The average rent at Bainbridge Bayside is near $1,900 a month. Illustration: Bainbridge Cos. Preleasing has started for a waterfront apartment community on Florida’s west coast, located in…
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Graves Brothers Company Pays $62.2 Million for Florida Apartment Community
SEPTEMBER 04, 2019|NIGEL DAVIDSON via Costar.com Epoch Residential Sells Lakeside Walk at Bexley Eoch Residential sold the Lakeside Walk at Bexley apartments at 16947 Kettle Ln. in Land O Lakes, Florida, for $62.15 million, or approximately $207,000 per unit, to Graves…
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Freddie Mac Rate Sheet Update 9-3-2019
Always a moving target, but the target parameters as of 9/3/2019 are as follows; If you see something you would like more information about, please email me at tritoncre@gmail.com and I will get your questions answered.
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U.S. yield inversion deepens, stokes recession fears
By Richard Leong via Reuters.com The U.S. yield curve inversion deepened on Tuesday to levels not seen since 2007, rekindling fears of a looming recession that spurred a sell-off on Wall Street and stoked even more safe-haven demand for…
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Facing Down Challenges in Multifamily Construction
“The most successful jobs are when the contractor, the developer and their consultants work together as a team.” By Tanya Sterling | via Globest.com Developers and contractors used to have something a combative relationship but that has changed, especially in the…
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Multifamily Rent Growth Gets Serious
The average US multifamily rent increased by $12 to $1,465 in June, according to Yardi-Matrix. By Erika Morphy| via Globest.com June was an inflection point for US multifamily rent growth, according to new figures by Yardi-Matrix. Following several months this…
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