How investors in single-family properties can transition to investment and management of multifamily buildings.
Source: nreionline.com
Many successful apartment owners started as accomplished single-family investors. There are many benefits of multifamily properties, however, these properties need constant attention from owners unlike other asset classes such as retail, office or industrial.
Approved Internalization of the Company’s Management –
Source: www.reuters.com
Starwood Waypoint Residential Trust REIT announced its shareholders voted in favor of both the proposed merger with Colony American Homes and the proposed internalization of its management. Consolidation in the single family rental space continues to show strength as the industry evolves.
Plans have been approved by the Sarasota Planning Commission and will be voted on by county commissioners in 2016.
Source: www.bizjournals.com
Due to the success of the downtown Sarasota location, Whole Foods is adding a second store in the area. The plans call for a 40,000 sf store on the corner of University parkway and Honore Avenue and were recently approved by the Sarasota Planning Commission.
Over the past few years, the majority of the conversation about the Florida s commercial real estate rebound has focused on Miami–and for good reason. Miami grew the fastest of the nation s large cities from 2010 to 2014.
Source: www.globest.com
Because Miami is maxing out on available affordable opportunities, other Florida cities—such as Fort Lauderdale and Tampa—are showing the most potential for development and growth.
Many investors, developers and residents are finding that Tampa Bay provides great quality of life at much more affordable rates.
Lennar Corp. plans to build nearly 2,000 homes in east Manatee County.
Source: www.businessobserverfl.com
Lennar recently closed on 1,400 acres in Manatee County for $38 million to build nearly 2,000 homes.