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Freddie Mac: Rising apartment rents aren't turning more renters into homeowners

by Dan Rafter

Are U.S. adults buying more homes now that apartment rents are on the rise?

It doesn’t look like it. According to the latest research from Freddie Mac, most renters are staying with apartment living even as rents in cities across the country continue to creep higher. 193 more words

Multi-family

We know you have a choice of where to live...

How many times have you traveled by air and heard the flight attendant say something like this…”We know you have a choice when you fly and we thank you for choosing our airline?”  I’ve always thought…”no, I don’t really have a choice, unless it’s based on price, flight times or if you are part of a rewards program.”  I’ve never chosen a particular airline because I like them over another. 1,493 more words

Multifamily

Baymeadows Area The Hawthorne Apartments Sells at $145k/u

The Hawthorne Apartments, at I-295 and Baymeadows Road, has sold to Raja Properties, a NJ-based investor at $35.2M or about $145k/u.  Carole Hawkins of The JAX Daily Record has the announcement.

Transactions

Five Months and Counting

Five Months and Counting 

For just over five months, I’ve served as volunteer President of the Apartment Association of Orange County.  Having been a board member for close to 7 years, this certainly won’t end my involvement with the association and will likely not be my only run as President, but it has been a great experience thus far.   522 more words

Nicholas Dunlap

Birmingham Investor Pays $51.2k/u for Peppertree Lane Apts on Eastside

Engel Realty, an investor out of Birmingham, paid $8.5M for Peppertree Lane Apartments, 166-unit multi-family development built in the early 1970s and located at 2800 University Blvd. 14 more words

Transactions

San Marco East Project Back On For Publix and 280 Apartments

JAX-based Whitehall Realty Partners is under contract for the San Marco East project, a $60M development that will reportedly include a new Publix plus retail space and up to 280 upscale apartment units and a parking garage all on multiple parcels at the Hendricks Avenue/Atlantic Blvd. 23 more words

Development

Private Investor Pays $170k/Unit for El Cajon Multifamily Property

Southwinds Apartments, a 22-unit, 18k sf multifamily property in El Cajon sold for $3.74 mil ($170k/unit). The property is located at 909 Sunshine Ave, south of I-8 and east of Hwy 125. 127 more words

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