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During the period in which PointOne Holdings owned and operated the property, occupancy increased from 90 to 99% and average effective rents increased by 22%, from $747 to $912 per unit per month.
The National Center for Educational Statistics data projects the student population will reach 23 million by 2020, and the population between the ages of 18 and 24 is projected to continue increasing through 2050.
The sale permits Mimms to focus on its remaining core assets of 31 properties, and to place more emphasis on acquiring multi-tenant retail and industrial opportunities throughout Atlanta and the Southeast.
In our exclusive audio interview, learn about how StackSource plans to use $220,000 in seed funding, free work space and expert mentorship from Newark Venture Partners.
In this exclusive panel podcast, panelists say high construction costs and regulatory requirements make affordable housing in Philadelphia for anything other than rental properties all but, well, unaffordable.
Mack-Cali/Roseland's luxury residential property combines industrial elements with modern style, while furthering Port Imperial's status as a holistic lifestyle-oriented community.