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In this EXCLUSIVE, Skanska's Dennis Yung says the biggest challenge is the decline in and age of the skilled workforce with fewer young professionals entering the construction industry.
"Furthermore, we expect to be able to take advantage of our heavy lease expiration cadence over the next couple of years, to close underperforming stores or relocate stores to improve sales and profitability on a per-store basis," the shareholder letter states.
"No matter what level of cost of homes are built, more housing flooding the market will allow rents/mortgages to come down and more residents will have access to housing."
The proposal also calls for replacing the existing cap on the GSEs' annual multifamily acquisitions with a cap that is based on the multifamily guarantors' share of outstanding multifamily debt.
Janus joins Colliers from Caddis Healthcare Real Estate, where he served as managing director and was responsible for new business development and executive leadership of healthcare real estate projects throughout the Midwest.
"We have had Omaha in our sights for several months now. We are excited about the opportunity City View provides and plan to provide the best management possible," says Tzadik Management regional VP Tessa Frank.
The Department Building historical preservation project stood out as a clear winner for GlobeSt.com's 2019 ADAPT awards. We honor the project as the best repositioning of a historic building.
The development, located about an hour north of Tampa, is fully leased. HTG completed the first phase of the development in 2017, consisting of 96 affordable apartments and broke ground on 94 additional apartments last year.