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Volume 3 - Number 9 | May 10, 2005
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TOP STORY: Executives See Improving Conditions, Says NMHC Survey
By Sule Aygoren Carranza
The latest quarterly survey of apartment market conditions from the National Multi Housing Council reveals that fundamentals are picking up in almost every US market. The April study showed that quarter-over-quarter improvements for the third quarter in a row and just the fourth time in the survey’s six-year history, according to the Washington, DC-based organization.
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INSIDER: ExchangePoint’s Mark Forman
By Stacey Corso
Los Angeles-based StarPoint Properties LLC, a real estate company that specializes in the acquisition, development and repositioning of multifamily and retail projects, recently established ExchangePoint LLC, an affiliate company that focuses on 1031 exchanges and tenant-in-common investments by acting as a syndicate sponsor. The new company will be led by Mark Forman.
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Metro DC Area Keeps Title as Top Multifamily Market
By Sule Aygoren Carranza
The greater Washington, DC area is among the top multifamily markets in the country, according to a first-quarter report from Delta Associates. The Alexandria, VA-based firm states that the region’s class A and B apartment units are performing beautifully, and its condominium sales aren’t doing too badly, either—they’re on the path to breaking records.
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Affordable Housing Crisis Worsens, According to NHC
By Stacey Corso
The prospect of finding clean and safe affordable housing in the US has become increasingly slim, according to a study released on April 29 during a conference call by the Center for Housing Policy (CHP), a division of the Washington, DC-based National Housing Conference.
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