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Volume 4 - Number 7 | April 11, 2006
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TOP STORY: SoCal Markets Among Best in Nation
By Sule Aygoren Carranza
Southern California’s multifamily market has outshined most of its counterparts in the US over the past several years and is expected to continue to do so. At least, that’s the contention of the Casden Real Estate Economics Forecast.
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INSIDER: Mike Hargrave, National Investment Center
By Sule Aygoren Carranza
As competition continues to heat up in the real estate investment market, particularly for multifamily properties, investors have begun to look at new areas to place their money. And nowadays, nothing looks better than the seniors housing sector, thanks in part to the demographic trend of aging baby boomers.
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To Ensure Success of Midwest Condos, Do Your Homework
By Sule Aygoren Carranza
Looking for better returns than in traditional condo markets, Abacus Capital Group LLC has ventured into the Midwest. The company is currently selling units in its latest conversion project, the 186-unit Wentworth at WestClay, located within the Village of Westclay, a 680-acre, high-end, master-planned community in Carmel, IN. While most investors look to the East and West Coasts for plays, what led a New York City-based real estate investment firm to head into the Midwest, a region that has overall experienced sluggish job growth and poor multifamily fundamentals?
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Players Move Around on NMHC’s Top 50 Rankings
By Sule Aygoren Carranza
Market dynamics over the past year have led to a shuffling in the National Multi Housing Council’s 17th annual ranking of the top 50 apartment owners and managers in the country. According to the Washington, DC based organization, the pace and volume of apartment sales bumped some players up a few notches on the lists.
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