LMC, a wholly owned subsidiary of Lennar Corporation and a leader in apartment development and management, today announced the land closing for Paxton, a luxury mixed-use community in Tysons, a Northern Virginia suburb of Washington, D.C.
Industry Trends Report | Week of July 26
Headlining this week’s multifamily news: PIHI report says operators and residents win with pet friendly policies, financial amenities that benefit everyone, making evictions a corporate task, apartment completions reach a 20-year high, investors seek build-to-rent opportunities, and the growing role of life insurance companies in multifamily.
PetScreening Announces Partnership With Bridge Property Management
PetScreening, a first-of-its-kind screening platform to outsource their pet risk assessment and assistance animal validation processes at no charge, today announced it has partnered with Bridge Property Management to implement its platform across Bridge’s entire multifamily portfolio.
Entrata Appoints Mark Hansen as New Chief Financial Officer
Entrata today announced the hire of Mark Hansen as Chief Financial Officer. This follows the recent announcement of $507M in funding that will help to further Entrata’s growth through expanded research and development, international expansion and more.
Redwood Capital Acquires Adley City Springs and Ascent Cresta Bella
Redwood Capital Group today announced it has acquired Adley City Springs, an apartment community in Sandy Springs, Ga., and Ascent Cresta Bella in San Antonio. The properties were acquired in separate transactions and reflect Redwood’s commitment to aggressive but strategic growth.
LMC Announces Land Closing for Artemas Apartments
LMC, a wholly owned subsidiary of Lennar Corporation and a leader in apartment development and management, today announced the land closing for its latest multifamily development, Artemas, in the active north Boston suburb of Everett. The mid-rise community will include 396 apartment homes.
Fetch Package secures $60M in equity & debt after tripling ARR in 2020
Fetch Package, a last-mile package delivery company for apartment communities, has raised $50 million in a Series C round of funding and closed on a $10 million venture debt facility. Michael Patton founded Fetch in May 2016 after being frustrated by having packages lost where he was living.
PIHI REPORT: BENEFITS OF OFFERING PET-FRIENDLY RENTAL HOUSING
Non-profit organizations Michelson Found Animals Foundation and the Human Animal Bond Research Institute (HABRI) today announced the release of a new Pet-Inclusive Housing Initiative (PIHI) Report, outlining the path to creating more than 8 million new pet-friendly rental homes.
Welcoming Pets Makes Abundant Financial Sense
Apartment residents, like people everywhere, are absolutely crazy about their pets. Although it may sound cliché, renters feel like their dogs and cats truly are members of their families. The bond between owner and pet is unmistakable.
Financial Amenities Support Residents and Operators Alike
Financial amenities are emerging as the next distinct amenity offering at apartment communities. From flexible payment options and budgeting tools to credit building, financial amenities help support on-time, in-full payments and boost resident morale.