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Tuesday, 20 May 2014 22:13

Market Watch - May 2014

The barrage of negative news looming over the geopolitical landscape continues to spur new lows on treasury yields.  The question is how long before rates rise?

 

The United States unemployment claims have hit a 7 year low, with the trend in consumer spending heading in the positive direction. Investors should capitalize on the current interest rate environment and reap the rewards of the lowest recorded rates before they become "history."

 

By: Gill Figueroa, First Commercial Capital

Last modified on Wednesday, 20 August 2014 23:01

matthewWe're proud to announce that Mathew Freedman is officially part of the AptBldgTrader Team! With over 10 years of commercial real estate experience, Matt puts his dedicated work ethic to use in seeking the right kinds of investment opportunities to suit our clients' specific needs.

 

He's also the co-founder of CurbStreet, a state-of-the-art and user-friendly web-based commercial real estate marketing and analysis software (launching soon)! We're excited to have him on board and are looking forward to building on our successes together for many years to come as our team continues to grow!

 

Check out Matt's profile on our website, and make sure to follow Aptbldgtrader on Twitter for the latest news and updates!

 

Thank You!

Raymond A. Rodriguez and the AptBldgTrader Team

Last modified on Friday, 16 May 2014 19:51

Closing Summary

Within two days of listing The Eldorado apartment building in North Hollywood, we put it under contract and sold it at 98.7% of list price!

 

Many thanks to Graeme for trusting in our AptBldgTrader Team to exclusively represent him in the sale of his apartment building, and to Mark for allowing us to represent him in the purchase of this great property. Also, a huge thank you to Carey LaSalle, a Keller Williams Estate specialist, who engaged our Team to co-list the property and leverage our service and expertise in multifamily assets to benefit both seller and buyer.

 

We're so happy to have helped Graeme take action toward affecting his 1031 exchange, and to have assisted Mark in expanding his investment portfolio in the San Fernando Valley.

Property Highlights

Excellent unit mixes all with balconies or patios | Excellent CPU | onsite laundry and gated parking lot | Adjacent to NoHo Arts District | Well-maintained building w/manicured grounds

Thinking of selling?

Call us to sell your apartment building! 

From fast, direct offers from motivated and qualified buyers, to detailed listing and marketing proposals, we provide customized solutions to suit your precise needs.

We take a professional, full-service approach in representing you in the sale of your property, and we look forward to earning your business!

Last modified on Monday, 11 August 2014 23:10
Tuesday, 22 April 2014 17:25

The Future of Apartment Cap Rates

You know the story: Cap rates are at historically low levels and apartment values have been enjoying the ride. But is the fun about to end?

 

Have you invested in an apartment property over the past four years? If you have, there's a really high probability that it's gone up in value since you purchased it

 

During this time, valuations for apartments across the country have been on an upward trajectory, driving down cap rates to levels last seen in 2005. In many cases and markets, cap rates are now at historically low levels. But with construction ramping up, the property market cycle maturing, and interest rates on the rise, many are now wondering if cap rates have bottomed and will head upward over the next few years.

Read more ...

Last modified on Tuesday, 22 April 2014 17:27

With apartment rents rising quickly in many markets and the single-family home market on the mend, the spreading housing recovery is reviving interest in the long-dormant condominium market. Although still a novelty in most markets, multiple large condo projects are under way in Boston, Washington, D.C., Chicago, especially New York City and even in former housing bust markets such as South Florida and Phoenix.

 

While still well below historical construction levels, the new interest in condos is attracting interest from high level investors, who are keeping an eye on the growing condo construction and conversion market both to see if the trend may produce opportunities in more markets, and to gauge its effect on apartment property pricing. 

Read More ...

Last modified on Tuesday, 22 April 2014 17:23
Tuesday, 22 April 2014 17:06

60 Day Notice For Rent Increase ...

Question: I have a building in Long Beach. It is occupied by a mother and daughter. The rent is $1,000 per month. The daughter wanted her new husband to move in so I had all three parties sign a one year lease agreement. The new rental amount was increased to $1,150. The lease was to commence at the beginning of the following month. My tenants are now telling me that since the rent increase exceeded 10%, that they were entitled to a 60-day notice before the rent could be increased. They are asking for a refund. What are my rights?

 

Answer: You do not have to return any rent and the rent increase was legal. If you are increasing the rent in excess of 10%, a 60-day rent increase is required. That is not the case in this instance. Everyone signed a new lease agreement. The law would view that different then a unilateral rent increase. As such, the lease is valid.

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Last modified on Tuesday, 22 April 2014 17:10
Tuesday, 15 April 2014 00:00

Ray Rodriguez Goes for Gold!

 

We're proud to announce that our Team's President & Founder, Ray Rodriguez, has been awarded KW Commercial's Triple Gold Award, recognizing him as a Top Producer for 2013! This award is Ray's latest honor among many accolades spanning his successful 11-year long career in apartment building sales, and is a testament to the dedication and skill with which he serves his clients. Well done, Ray, and keep up the great work!

- The AptBldgTrader Team

Last modified on Friday, 16 May 2014 18:57

Closing Summary

Many thanks to Mr. Smith for trusting in our team to help facilitate his 1031 Exchange from his apartment building in Van Nuys to a 7.26% cap NNN Rite Aid in Washington.

Mr. Smith's goal was to enjoy his retirement by alleviating himself of the rigors of management-intensive apartment buildings. By helping him purchase this turnkey asset built in 2008, we secured a steady income stream for him and his family from a national credit tenant, without the responsibilities of property management.

Property Highlights

National credit tenant | Absolute NNN with no landlord responsibilities | Long-term lease w/ six 5-year options | 10% rent increases every ten years | High sale volume per square foot

Thinking of selling?

Call us to sell your apartment building! 

From fast, direct offers from motivated and qualified buyers, to detailed listing and marketing proposals, we provide customized solutions to suit your precise needs.

We take a professional, full-service approach in representing you in the sale of your property, and we look forward to earning your business!

Last modified on Wednesday, 14 May 2014 17:12

"Location, location, location" is still the factor that matters most of all in determining how much money renters pay each month for an apartment they call home, according to recent data from the top 100 most searched markets on Apartments.com's website. 

 

Even in some of the largest and most expensive cities, renters can end up paying around $1,000 a month if they explore creative solutions, such as looking for apartments in nearby neighborhoods or suburbs, splitting rental costs with a roommate, or committing to a longer- term lease in exchange for lower rent. 

Read More ...

The use of limited liability companies is often the preferred form of entity for new real estate ventures. In some states, the total filings for new LLC's now exceed the filings for corporations. Beware of the new LLC laws that are growing in acceptance across the country and how this new law may affect you and the LLC's that you form for your real estate ventures.

 

The National Conference of Commissioners on Uniform State Laws issued for enactment by the states it's newly recommended form of LLC Act, called the Revised Uniform Limited Liability Company Act in 2006. Since then, eight states (California, Florida, Idaho, Iowa, Nebraska, New Jersey, Utah and Wyoming) and the District of Columbia have enacted the new LLC law, and the law is pending adoption in South Carolina.

Read More ...

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