Tag: multifamily
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900-unit Apartment Complex (Carlton Arms) sells in Manatee County
BY MIKE GARBETT via Bradenton Herald March 15, 2018 12:24 PM Multi-family rental complexes have been a hot commodity in Manatee County during the past year, with the latest transaction attracting a price of more than $100 million. Carlton Arms…
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Major CRE Investor Set to Exit Hot Southeast Multifamily Market
Decision by AVR Realty to Sell 13-Property Multifamily Portfolio Driven by Investor Demand, Not Weakness in Market, Say Execs Via Costar by JOHN DOHERTY AVR Realty’s latest apartment offering is a massive portfolio including the SkyHouse Channelside in Tampa. A big…
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Ashford Prime Enters Sales Agreement for Ritz-Carlton Sarasota for $171 million
Via Co-Star By ROHAN NABAR Ashford Hospitality Prime Inc., based out of Dallas, has entered into an agreement to acquire the Ritz-Carlton Sarasota hotel at 1111 Ritz Carlton Dr. in Sarasota, FL. The estimated purchase price of $171 million would result…
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Six Takeaways from the NMHC Apartment Strategies Outlook Conference
The optimism at the conference was somewhat tempered by the prospects of increasing supply, rising interest rates and an eventual downturn in the not-too-distant future. Mary Diduch | Jan 17, 2018 via National Real Estate Investor For the multifamily sector,…
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Michaelson Group Pays $8.2M for Coachman Club Apts in Clearwater, FL
KRI Properties Sells 68,000-SF Multifamily Community Michaelson Group LLC purchased the 72-unit Coachman Club multifamily complex in Clearwater, FL from a joint venture of KRI Properties Inc. and an individual investor for $8.2 million, or approximately $114,000 per unit. The…
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8 predictions for 2018 that could impact your market
Technology will continue to revolutionize the real estate transaction BY CARA AMEER via Inman Key Takeaways Low inventory will continue to create stress in many markets. Tax reform may redefine where people live and invest in real estate. Natural disasters will become…
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Multifamily Rental Demand Promises Strong Activity
DECEMBER 6, 2017 | BY KELSI MAREE BORLAND Prices are increasing and cap rates continue to compress, but with strong rental demand, Lee & Associates experts Warren Berzack and Brian Pohl say to expect robust activity in this EXCLUSIVE video interview. LAS VEGAS—Multifamily, multifamily,…
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GSC buys second Gulf coast apartment complex this year
BY: KEVIN MCQUAID | COMMERCIAL REAL ESTATE EDITOR November 17, 2017 Continuing a wave of multifamily rental acquisitions throughout the Gulf Coast, a Virginia-based apartment operator has purchased a Sarasota complex for $43.25 million, according to property records. General…
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CoStar Market Insights: Sales Activity of Existing Multifamily Properties Across Florida Focusing on Value Add Renovations to Increase Rents While New Product Continues Flying Off Shelves in South Florida
By: Danielle Grimelli and Evan Snow, CoStar Market Analytics. Looking across the Sunshine State, the Daytona Beach metro has enjoyed strong rent growth and a historically low vacancy rate that surpassed the national level starting in 2014. Strong job…
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State, feds pressured to spend money on affordable housing
Article via floridarealtors.org Written by Mary Shanklin. Distributed by Tribune Content Agency, LLC Nov. 8, 2017 – With tens of thousands of Puerto Rican evacuees arriving in Florida, pressures have mounted for state and federal governments to boost spending on…
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