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.