Brickstone Partners, a full-service real estate investment and development firm located in Nashville, Tenn., today announced the $81 million acquisition and renovation of 288 units comprised of the Landmark and Stone Creek apartment communities adjacent to Colorado State University.
The most important multifamily news of the week: leasing lessons learned during the pandemic, event opportunities this spring, single-family rental operators becoming common buyers of new homes, rent prices show largest jump in April since 2017, NAHB asks Biden administration to address lumber costs, and investors are walking away from ‘walkability.’
Ashcroft Capital, a fully integrated multifamily investment firm, today announced its acquisition of Elliot Baymeadows, a garden-style apartment community in the Royal Lakes neighborhood of southern Jacksonville. Birchstone Residential has assumed management of the community.
Mill Creek Residential, a leading investor and operator specializing in premier rental communities across the U.S., today announced the start of preleasing at Modera Domain, a luxury apartment community located in The Domain district—often referred to as Austin’s second downtown.
One area where property managers need to up their game is sourcing their leads. An Anyone Home analysis of one large operator found the company’s lead source accuracy was only 56%. In my experience, this stat is far from uncommon across the industry.
This week’s top storylines in multifamily: trends in post-pandemic rental housing, consumer demand for environmentally conscious designs, the nuances of assistance animals in rental housing revealed, smart rent goes public in $2.2 billion merger, developers struggling with lumber prices and an increase in demand for multifamily professionals.
Assistance animals qualify as one of the more complicated topics in rental housing. Operators constantly wrestle with the distinctions between service and support animals, what qualifies as legitimate documentation and how to most efficiently manage their verification processes.
SmartRent has more residential units installed and states served than all of its competitors combined. In addition, SmartRent intends to leverage Fifth Wall’s investor base of international real estate owners as the company expands into Western Europe, Japan, Southeast Asia, and more.
Ashcroft Capital, a fully integrated multifamily investment firm, today announced its acquisition of Halston Riverside, a garden-style apartment community in the Atlanta suburb of Lawrenceville. Birchstone Residential, Ashcroft Capital’s in-house property management company, has assumed management of the community.
Mill Creek Residential, a leading developer and operator specializing in premier rental communities across the U.S., today announced construction is underway at Modera Six Pines, a mixed-use apartment community in The Woodlands, a charming neighborhood 27 miles north of Houston.