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Original Southeast commercial real estate news & events for Atlanta, Carolinas, Memphis, Miami, Nashville, Orlando and Washington D.C. metro area; plus expert insights, commentary and analysis into secondary and tertiary regional and local markets.
Worries grow about a coming economic slump that rate cuts might not be enough to put off.
The sales could help reestablish price discovery and strengthen valuations to ultimately pull the market out of its doldrums.
Asking rents were 23% above pre-pandemic (June 2019) levels, while mortgage payments were 90% above
Sixty-nine percent of properties sold to investors went to mom-and-pop investors.
On average, privately owned student housing runs around $1,000 per month per bed.
Dollar transaction volume in the quarter was down 17.4% and cap rates were off by 63 basis points year over year.
It is a burgeoning subsector.
The legendary quarterback joins Citadel and Goldman Sachs.
The company's strong leasing activity is driven by demand for high-quality, premier workplaces.
The board's decision will result in the construction of 903 new affordable housing units and the preservation of 140 units.