Opportunity Knocks on Austin Multifamily Asset
AUSTIN—Philadelphia-based Resource Real Estate Opportunity REIT Inc. (Opportunity REIT), a non-traded real estate investment trust sponsored by Resource Real Estate Inc., has acquired Woodmoor Apartments, a 208-unit class B, 97-percent-occupied apartment complex in south Austin.
SAN DIEGO—Consumers are spending more money on experiences than material goods, including their homes, which gives the CRE industry insight into future projects and planning, MasterCard’s Sarah Quinlan tells attendees at MBA’s CREF/Multifamily Housing Convention & Expo 2017.
SAN DIEGO—Speakers during the general session Monday at MBA’s CREF 2017 conference say that the blueprint for the future will focus on effective flow of capital, transformational technology, and on achieving meaningful diversity in our industry.
LOS ANGELES—Even without the boost of e-commerce, industrial is being propelled by tailwinds into the current year, Colliers’ James Breeze writes in the firm’s latest report on the sector.
IRVINE, CA—Impact fees can run developers upwards of $50,000 per lot in California, a fact that many home buyers don’t know, Developers Research principal Scot Oldham tells GlobeSt.com after he and his wife purchased the company.