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Houston has fairly affordable homes, which means residents are less likely to rent, but the first quarter multifamily vacancy rate at 10.9% exceeded its historical average and has led to monthly rent concessions.
RealPage CEO Steve Winn says the addition of On-Site Manager Inc. will “significantly improve the integration of our leasing solutions into major property management systems.”
The $171 in debt from two major life insurers will help further the strategic initiatives of Westwood Financial's $1.2-billion rollup in September 2016.
Cotton, a former executive at NBC Universal and an aide to Gov. Cuomo, replaces Pat Foye as executive director. Foye, according to multiple published reports, will be joining the Metropolitan Transportation Authority in a top executive role. O'Toole replaces John Degnan as Port Authority chairman.
The firm has beefed up its San Diego staff and is looking for opportunistic and value-add properties to acquire in those submarkets as well as to improve upon its third-party management assets, Jeffrey Givens tells GlobeSt.com.