Tag Archives: press

Optimistic Outlook for Multifamily Development, NAHB Indices Show – National Association of Home Builders (press release)

Optimistic Outlook for Multifamily Development, NAHB Indices ShowNational Association of Home Builders (press release)The MPI component tracking developers' perception of market-rate rental properties is at 51.7 – the first time this component of the index has been above 50 since … Continue reading

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Ashford Hospitality Joint Venture Acquires Highland Hospitality Portfolio for … – Business Wire (press release)

Ashford Hospitality Joint Venture Acquires Highland Hospitality Portfolio for …Business Wire (press release)Based on 2010 results, the purchase price equates to an EBITDA multiple of 13.4x and a capitalization rate of 6.1% utilizing NOI that is approximately 36% below its … Continue reading

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Mac-Gray Corporation Announces Fourth-Quarter 2010 Financial Results – PR Newswire (press release)

Mac-Gray Corporation Announces Fourth-Quarter 2010 Financial ResultsPR Newswire (press release)Our results reflect the continuation of a trend that began earlier this year, with nationwide apartment vacancies declining in the fourth quarter to 6.6% at year-end, down from 8.0% at the … Continue reading

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Historic downtown Grand Rapids apartment building set for $610000 overhaul – The Grand Rapids Press – MLive.com

The Grand Rapids Press – MLive.com Historic downtown Grand Rapids apartment building set for $ 610000 overhaulThe Grand Rapids Press – MLive.comGRAND RAPIDS – A 107-year-old downtown apartment building is expected to get a $ 610000 overhaul as part of … Continue reading

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Hotel Capitalization Rates Fall Further, According to USRC Hotel Investor Survey – Marketwire (press release)

Hotel Capitalization Rates Fall Further, According to USRC Hotel Investor SurveyMarketwire (press release)Full-service hotel capitalization rates continued their decline, with the direct capitalization rate for full-service hotels of 8.4% in the current survey, down 30 basis points from the average … Continue reading

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Amica Mature Lifestyles Increases Ownership in Amica at Bayview and Announces … – Marketwire (press release)

Amica Mature Lifestyles Increases Ownership in Amica at Bayview and Announces …Marketwire (press release)Based on the in place net operating income, the cap rate on this transaction is approximately 8%. The community has an existing Canada Mortgage and Housing Corporation … Continue reading

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Real Estate Investment Opportunities Are Here In Michigan – Emailwire (press release)

Real Estate Investment Opportunities Are Here In MichiganEmailwire (press release)These have included apartment buildings, turn key properties, luxury home environments, condos and multi family dwellings. “Most people wouldn't think of looking in some of the side streets in Waterford for … Continue reading

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Fitch Affirms SL Green’s IDR at ‘BB+’; Outlook Stable – Business Wire (press release)

Fitch Affirms SL Green's IDR at 'BB+'; Outlook StableBusiness Wire (press release)Unencumbered asset coverage of net unsecured debt (calculated as 2010 unencumbered property net operating income divided by a conservative 8% capitalization rate) results in coverage of 1.7x, which is … Continue reading

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Fitch Downgrades 16 Classes from LBUBS 2007-C7; Affirms Super Senior ‘AAA’ Classes – Business Wire (press release)

Fitch Downgrades 16 Classes from LBUBS 2007-C7; Affirms Super Senior 'AAA' ClassesBusiness Wire (press release)Fitch modeled losses for this loan are based on the servicer reported TTM NOI and a 10% capitalization rate. The subject portfolio is also secured by … Continue reading

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Connecticut REIA (CT REIA) Announces Spring 2011 Real Estate Investment … – Online PR News (press release)

Connecticut REIA (CT REIA) Announces Spring 2011 Real Estate Investment …Online PR News (press release)On March 9, 2011 CT REIA will begin its Spring 2011 session of the real estate investment coaching program. This program is for anyone interested in … Continue reading

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