Multi-Family Market Summary: Spring 2015 Presented By:
|
|
- Sabrina Gray
- 8 years ago
- Views:
Transcription
1 Nashville, TN Multi-Family Market Summary: Spring 2015 Presented By:
2 NASHVILLE Contents Introduction Introduction 2 Market Commentary 3 Economic Overview 4 Sales Transactions 5 Proposed Development 8 Why Choose Capstone? 10 CAPSTONE APARTMENT PARTNERS prides itself on the valuable contributions we are able to continue to offer our industry; thus, we produce periodic Multi-Family Market Summaries to further inform the clients and industry we serve. Capstone believes this market snapshot will benefit current owners, operators, investors, and other industry professionals who are active in the Nashville MSA, as well as others who are looking to break into this market. Nashville Office 2720 Eugenia Ave. Nashville, TN Adam Klenk Eric Conklin Andrew Klenk Investment Advisor c o ext. 706 adam@capstoneapts.com Investment Advisor c o ext. 713 eric@capstoneapts.com Partner c o ext. 704 andrew@capstoneapts.com
3 Bridgestone: More than Tires Bridgestone Americas Inc. has broken ground on its new 30-story, $200 million headquarters located in the SoBro area of downtown Nashville. Upon completion in mid-to-late 2017, the new office building will house more than 1,700 employees. This will consist of the 1,100 currently in Nashville, plus 600 new jobs stemming from three out of state companies relocating to the city. The retail, roofing, and industrial products business units that Bridgestone is relocating to Nashville will generate $6 billion in annual revenue. The transition also encompasses the leadership of the retail group, which includes 2,200 companyowned stores. With the lease expiring on Bridgestone s current location in late 2017, the company launched a nationwide search for a new headquarters location to support future growth. The Nashville MSA will not only benefit from the jobs Bridgestone brings, but also from planned improvements to the surrounding community. Based on recommendations from a traffic study, restriping and other enhancements are planned for streets such as Fourth Avenue South and Molloy Street. Mayor Karl Dean also revealed that Bridgestone Americas has committed to donating $150,000 a year for five years, or $750,000 overall, to Metro School's Music Makes Us program. The Vanderbilt Effect Cornelius Vanderbilt gave $1 million to create a university in Since that time, Vanderbilt University has become an internationally recognized research university in Nashville, Tennessee, with strong partnerships among its 10 schools, neighboring institutions, and the community. Vanderbilt offers undergraduate programs in the liberal arts and sciences, engineering, music, education, and human development, as well as a full range of graduate and professional degrees. An independent, privately supported university, Vanderbilt is the largest private employer in Middle Tennessee and the second largest private employer based in the state. In fact, an Austin-based company was able to quantify the total annual economic and tax revenue generated by the university and medical center. The study included factors such as operations and construction, employment, student and visitor spending, and business spending generated by Vanderbilt-related activities. Combined, these factors amounted to a contribution of $8.9 billion to the state economy in the fiscal year. Multi-Family Fundamentals The region gained approximately 8,000 jobs in the past year, and unemployment has dropped to just 5.0%. Despite 7,500 units currently under construction and another 7,000 proposed, the market continues to experience a low vacancy rate of 4.1% and a rent growth rate of 4.3% in the past year. Capstone expects the vacancy rate to rise slightly as new supply is introduced; however, the Nashville MSA will likely continue to experience higher rent growth in the % range for the coming year. Several companies have announced major expansions in recent months, which will continue to drive demand for apartments. Apartment Comparison by Class Class Units Vacancy Rate Avg. Sq. Ft. Avg. Rent Avg. Rent/Sq. Ft. Lease-up 4, % 944 $1,344 $1.42 A (1-5 Years in Age) 5, % 990 $1,282 $1.30 B (6-15 Years in Age) 13, % 1,039 $1,042 $1.00 C (16-30 Years in Age) 34, % 950 $941 $0.99 C- (30+ Years in Age) 28, % 909 $814 $0.90 Stabilized Averages 82, % 952 $935 $0.98 Totals/Averages 86, % 952 $955 $1.00 MARKET COMMENTARY 3
4 Employment ECONOMIC OVERVIEW Recent Employment Announcements Bridgestone America Inc. will bring 1,700 jobs to the downtown area. Under Armour announced plans to build a $100 million distribution facility in Mt. Juliet with over 1,500 new jobs. Nissan North America plans to bring 1,000 new jobs to Smyrna. Unipres USA expects to add 435 jobs over the next five years. FedEx is building a new facility in Mt. Juliet and adding 350 new jobs. M-TEK is locating its new North American headquarters to Murfreesboro bringing 250 jobs. Comprehensive Logistics is creating 200 new jobs. Healthstream plans to add 200 jobs over the next several years. Wages & Population In February 2015, the Nashville MSA s unemployment rate remained at a low 5.0%. Moreover, the unemployment rate is significantly below the state s average of 6.6% and slightly below the national average of 5.5%. Major Employers (non-government) Rank Company Industry Employment 1 Vanderbilt University Education 23,021 2 Nissan North America Automotive 8,500 3 HCA Holdings, Inc. Healthcare 7,000 4 Saint Thomas Health Healthcare 6,500 5 Randstad Recruitment 3,400 6 Shoney's Inc. Restaurant 3,000 7 Electrolux Home Products North America Appliances 2,900 8 The Kroger Co. Grocery 2,863 9 Community Health Systems Healthcare 2, Cracker Barrel Old Country Store Inc. Retail 2,750 There are 819,880 employees in the MSA who earn a mean hourly wage of $21.13 and an average annual income of $43,950. In comparison, the state and national annual income averages are $40,650 and $47,230, respectively. Historical Population Hendersonville 43,581 44,363 45,746 46,755 47,554 48,332 51,589 52,349 53,080 54,068 Franklin 51,929 53,795 56,055 58,005 59,234 60,629 62,798 64,317 66,280 68,886 Murfreesboro 82,713 87,999 93,845 98, , , , , , ,044 Nashville-Davidson 570, , , , , , , , , ,464 Nashville MSA 1,416,452 1,450,538 1,450,538 1,524,920 1,556,368 1,582,264 1,675,886 1,698,348 1,726,693 1,757,912 Tennessee 5,910,800 5,991,100 6,088,800 6,175,700 6,247,400 6,306,000 6,356,900 6,403,400 6,456,243 6,495,978 Source: U.S. Census Bureau 4
5 Sales Transactions: 2014 to Present Community YOC City Sale Date Units Sale Price Price Per Unit Hickory Creek 1969 Nashville 3/3/ Jackson Grove 1973 Hermitage 3/3/ $18,800,000 $78,992 Lincoya Bay 1968 Nashville 3/3/ Sheffield Heights 1977 Nashville 3/3/ $16,100,000 $79,703 Green Meadow 1996 Murfreesboro 2/18/ $4,554,666 $40,667 Greentree Pointe 1997 Lebanon 2/18/ $5,286,667 $40,667 Rutherford Woodlands 1998 Murfreesboro 2/18/15 96 $3,904,000 $40,667 Brentwood Station 1989 Nashville 1/26/ $18,000,000 $91,837 23Hundred at Berry Hill 2013 Nashville 1/14/ $61,200,000 $230,075 Hawthorne South Oaks 1984 Nashville 1/12/ $30,400,000 $89,150 Summerlake 1988 Murfreesboro 1/5/ Aventura at Providence 2007 Mt. Juliet 12/31/ $47,750,000 $142,964 Velocity in the Gulch 2011 Nashville 12/18/ $54,278,060 $246,718 Dwell at McEwen 2009 Franklin 12/15/ $81,100,000 $219,189 Village West 1969 Nashville 12/7/ $5,350,000 $18,576 Hampton Chase 1976 Nashville 11/21/ $14,000,000 $69,307 Blackstone 1993 Nashville 11/20/14 73 $8,150,000 $111,644 Lee 1920 Nashville 11/20/14 80 $9,150,000 $114,375 Riverwood 1983 Nashville 11/14/ Hickory View 1981 Nashville 11/3/ $8,000,000 $66,667 Rivergate 1984 Goodlettsville 10/16/ Arbours of Hermitage 1974 Hermitage 9/29/ $25,625,000 $73,214 Carrington Ridge 1975 Hendersonville 9/26/ $11,550,000 $75,987 Stoneridge Farms at Hunt Club 2002 Gallatin 9/24/ $42,368,905 $116,398 Creekstone 1985 Nashville 9/23/ $22,800,000 $72,152 Gale Lofts 2007 Nashville 9/10/14 96 $15,400,000 $160,417 Estates at Brentwood 1994 Brentwood 9/1/ $42,200,000 $166,142 Lenoxgate 1995 Goodlettsville 9/1/ $19,900,000 $75,379 Abbington Heights 1996 Antioch 8/1/ $17,900,000 $65,328 City Edge Flats 2000 Murfreesboro 7/23/14 83 $4,436,000 $53,446 Ridge at Green Haven 2005 Millersville 7/21/ $9,650,000 $50,524 Beechwood Terrace 1984 Antioch 7/18/ $21,400,000 $71,333 Willow Grove 1972 Nashville 7/18/ $13,750,000 $56,352 SALES TRANSACTIONS 5
6 SALES TRANSACTIONS Sales Transactions: 2014 to Present Community YOC City Sale Date Units Sale Price Price Per Unit Woodbridge 1978 Nashville 7/18/ $16,000,000 $72,727 Stoneridge Farms at Hunt Club 2002 Gallatin 7/15/ Hillwood Pointe 1995 Nashville 6/20/ $14,850,000 $82,500 Meridian at Hermitage (FORMERLY GREEN LEAF AT HERMITAGE) 1974 Hermitage 6/4/ $13,800,000 $52,874 Villages at Spring Hill 1994 Spring Hill 5/22/ $14,200,000 $80,682 Richland Falls 2012 Murfreesboro 5/15/ $21,000,000 $110,526 Alta Loma 1971 Madison 5/1/ $5,500,000 $41,667 Hermitage Garden 1962 Old Hickory 4/29/14 73 $2,850,000 $39,041 Elliston Nashville 4/28/ $95,100,000 $287,311 Pine Brook 1973 Hermitage 4/28/ $6,000,000 $44,776 Vista Germantown 2011 Nashville 4/3/ $53,250,000 $220,041 Wyndchase Aspen Grove 1997 Franklin 3/15/ $83,000,000 $148,214 Rutherford Pointe 1996 La Vergne 2/27/ $6,450,000 $49,615 Roundtree 1971 Nashville 2/26/ Spinnaker Cove 1986 Hermitage 2/20/ $24,750,000 $89,029 River Chase 1999 Nashville 2/14/ Canterchase 1984 Nashville 2/12/ Jamestown 1986 Nashville 1/15/ $7,300,000 $72,277 Elliston 23 Dwell at McEwen 6
7 Average Transaction Sales Price Average Price Per Unit $45,000,000 $40,000,000 $41.9M $180,000 $160,000 $158,532 $35,000,000 $140,000 $30,000,000 $25,000,000 $23.7M $20,000,000 $15,000,000 $13.3M $13.9M $10,000,000 $5,000,000 $0 Class A Class B Class C AVERAGE Average # of Units Per Transaction $120,000 $100,000 $80,000 $60,000 $40,000 $20,000 $ $97,837 $66,733 $62,024 Class A Class B Class C AVERAGE Average Year of Construction SALES TRANSACTIONS Class A Class B Class C AVERAGE 1950 Class A Class B Class C AVERAGE Class A represents renovate properties and properties built from , Class B includes properties constructed from , and Class C signifies properties constructed in 1984 or earlier. 7
8 Communities Proposed (100 Units and Above) Developer Community Units Road/Intersection Submarket Division Street Land Partners Crescendo Division St. Downtown Proffitt Dixon Germantown Fountains 294 Taylors St. Downtown PROPOSED DEVELOPMENT Price Development PDG Germantown 256 Monroe St. Downtown LIV Development LIV West Eastland W. Eastland Ave. North St. Clair Holdings Stacks on Main 268 5th St./Main St. North Cambridge Holdings One City 300 Charlotte Ave. West End Lifestyle Communities LC Germantown nd Ave. Downtown Giarrantana Development Paramount 300 5th Ave. Downtown Stonehenge Real Estate West 46th Charlotte Pk. Southwest Bristol Development Group Bristol 12 South th Ave. West End Alliance Residential Broadstone Eighth South Franklin Pk. West End Crescent Resources Crescent Music Row 280 Division St. West End Grace Development Grace at Elliston Place 300 Elliston Pl. West End Forestar Grand Avenue 230 Music Square West End Worthing Companies Heights at Charlotte Avenue Charlotte Ave. West End Lennar Multifamily Lennar Berry Hill Franklin Pk. West End Lennar Multifamily M Residences 300 Chet Atkins Pl. West End Novare/Baston Cook Skyhouse 352 Broadway West End SWH Residential Partners Grove at Shadow Green Toll House Cir. Franklin North American Properties Nichol Mill Lofts 363 Nichol Mill Ln. Franklin Bristol Development Group Uptown at Ovation 392 Carother Pkwy. Franklin TDK Construction Foxland Crossing 68 (232 COMPLETE) 1391 Foxland Blvd. Hendersonville Hartmann Plantation Hartman Plantation 200 (123 COMPLETE) 2000 Hartmann Plantation Ct. Lebanon/Mt.Juliet Universal Builders Northtown Gardens 360 Nonaville Rd. Lebanon/Mt.Juliet Panthers Properties Integra Creek 84 (264 COMPLETE) 3625 Mansion Pk. Murfreesboro 8
9 Communities Under Construction (100 Units and Above) Developer Community Units Road/Intersection Submarket Lincoln Property 909 Flats Rosa L. Parks Blvd. Downtown Alliance Residential Broadstone Germantown rd Ave. Downtown Embrey Partners Carillon 306 5th Ave./Jackson St. Downtown SWH Residential Partners Terra House 194 Middleton St. Downtown Giarrantana Development Sobro 313 3rd Ave. Downtown Spectrum Properties The Cameron 328 Carothers Pkwy. Franklin Bristol Development Tapestry Brentwood Centerview Dr. Franklin Carroll Companies Glass Creek Village 216 (144 COMPLETE) 401 Old Pleasant Grove Rd. Lebanon/Mt. Juliet Lifestyle Communities LC Providence 451 LC Providence Lebanon/Mt. Juliet The Dobbins Group Providence Central 209 Providence Pkwy. Lebanon/Mt. Juliet TDK Construction 3343 Memorial 196 (46 COMPLETE) 3343 Memorial Blvd. Murfreesboro Gross Builders Belden Reserve Swanholme Dr. Murfreesboro Carroll Companies Everwood at the Avenue 336 Robert Rose Dr. Murfreesboro Lifestyle Communities Hensley Station 162 (241 COMPLETE) 1206 Robert Rose Dr. Murfreesboro Smyrna Commons Dev. Partners Copperfield Lodge 288 Nissan Dr. Smyrna/ La Vergne Carroll Companies Heron Point Heron Point Dr. Southeast TDK Construction The Summit 190 (95 COMPLETE) 7201 Charlotte Pke. Southwest HG Hill Realty Sylvan Heights 262 Charlotte Ave. Southwest Faison 1505 Demonbreun 209 (178 COMPLETE) 1515 Demonbreun St. West End Stonehenge Real Estate Artisan on 18th 63 (90 COMPLETE) 819 S 18th Ave. West End The Forestar Group Acklen Acklen Park Dr. West End Giarrantana Development 22 State nd Ave. N./State St. West End Giarrantana Development 1818 Church Street Church St. West End Buckingham Companies Aertson Midtown 350 Division St./Broadway St. West End Lincoln Property Aspire Midtown Charlotte Ave. West End Phoenix Property Cadence th Ave./McGavock St. West End Childress Klein Element Music Row 431 Element Music Row West End Residential Group Metrocenter Vantage Way West End Stonehenge Real Estate Opus th Ave./Burch Ave. West End COMMUNITIES UNDER CONSTRUCTION 9
10 Carolinas Georgia Virginia Tennessee Kentucky Alabama Florida West Virginia The People Sell the Deal WHY CHOOSE CAPSTONE? Market Expertise & Product Niche Capstone s Southeast & Mid-Atlantic Investment Sales Team is among the market leaders within our industry sector and respective region. We place client service above all else, and can guarantee that no one else will work smarter and harder in achieving the highest level of results for our clients. We don t rely on a logo to sell the deal, but rather utilize the industry expertise and investment acumen, tremendous drive and work ethic, and unbeatable salesmanship of the team members assigned to each project. At the end of the day, it s the individuals that drive value and sell the deal, and we know the capabilities of our individual team members are second to none. Capstone sits atop the private capital sector of multi-family investment sales for multiple reasons. Our deliberate and concentrated focus and expertise in not just the primary markets of the Southeast & Mid-Atlantic, but also the secondary and tertiary markets within our region, identifies us as the ideal candidate for such assignments. Capstone s investment sales team has completed a multitude of transactions across the primary, secondary, and tertiary markets of the Southeast & Mid-Atlantic, and our track record of success can be attributed to our comprehensive coverage and expertise among these markets, as well as our relationships with the owners and investors who remain active in this environment. National Exposure via Cutting Edge Technology Capstone has developed and maintains industry leading national databases, expansive information delivery methodologies, and various proprietary activity tracking systems. These tools are utilized daily by the investment sales team, analysts, and back-office support staff allowing for optimal operational efficiency. This enables Capstone s investment brokerage team to spend nearly all of its time servicing clients, interacting with industry players and active asset traders, and promoting transactions. Reputation and Results Capstone prides itself on its impeccable industry reputation and the core values and behaviors of the firm that drive daily operations. The firm possesses an unblemished reputation and track record industry-wide, and, as such, the firm s trusted relationships among the apartment investment community continue to facilitate seamless, fluid, and successful sales transactions. * Information in this report has been provided by the following: Nashville Real Data Report March 2015, U.S. Census Bureau, Costar, Business Journals, LoopNet, Bureau of Labor Statistics, county tax records, and various multi-family industry contacts. Area images provided by Ron Cogswell (pg. 1) and Robert Claypool (pg. 2 [left]) via as well as Rain0975 (pg. 2 [top]) via 10
Multi-Family Market Summary: Spring 2015
Tallahassee, FL Multi-Family Market Summary: Spring 2015 Contents TALLAHASSEE Introduction Introduction 2 Market Commentary 3 Economic Overview 4 Sales Transactions 5 Development Pipeline 7 Why Choose
More informationVanderbilt University Retailers in Tennessee: Academy Sports & Outdoors - 90. 1915 Mallory Lane. Franklin, TN 37067. Phone : 615-771-0184
Vanderbilt University Retailers in Tennessee: Academy Sports & Outdoors - 90 1915 Mallory Lane Franklin, TN 37067 Phone : 615-771-0184 Academy Sports & Outdoors - 91 2350 North Gallatin Rd. Madison, TN
More informationCharlotte, NC and Nashville, TN Comparison
Boundaries Charlotte, NC and Nashville, TN Comparison 1. The Charlotte MSA The Charlotte MSA consists of 10 counties with a land area of 3,198 square miles. It includes the four cities of Charlotte, Concord,
More informationTAMPA Introduction. Contents
Tampa-St. Petersburg-Clearwater, FL MSA Multi-Family Market Summary & Activity Update Spring 2015 Contents Introduction 2 Market Commentary 3 Economic Overview 4 Sales Transactions 5 Proposed Development
More informationVanderbilt University Office of Housing and Residential Education Off-Campus Housing Fair Property Information
Company Rent App/Move Fees Utilities Washer/Dryer Connection W/D Machines Included Distance (to First Management 1bdrm., 1bath, 636 sq. ft., $1350-$1490 Included Yes + Coin Laundry on site No the middle
More informationJune 2013 Multifamily Market Rent Study PREPARED BY:
Altamonte Springs, FL Multifamily Market Study June 2013 Multifamily Market Rent Study PREPARED BY: George Pjevach, Director, Multifamily Services +1 407 362 6135 george.pjevach@colliers.com Greg Wilson,
More informationIntroduction. Contents. Introduction 2 Market Commentary 3 Economic Overview 4 Sales Transactions 5 Proposed Development 8 Why Choose Capstone?
Tampa-St. P etersburg -Clearwater, FL MSA Multi-Family Market Summary & Activity Update Summer 2014 Contents Introduction Introduction 2 Market Commentary 3 Economic Overview 4 Sales Transactions 5 Proposed
More informationFOR LEASE RETAIL/OFFICE SPACE
FOR LEASE RETAIL/OFFICE SPACE Immaculate Condition Retail/Office Space Rockmart, Georgia +/- 13,319 sq ft Table of Contents Executive Summary Property Information Aerial & Map Demographics About the Area
More informationFarragut Pointe FARRAGUT (KNOXVILLE), TN
Farragut Pointe FARRAGUT (KNOXVILLE), TN PROPERTY OVERVIEW Property Location GLA Site Size 11132 Kingston Pike Knoxville, Tennessee +/- 71,311 SF + 10.4 Acres Zoning Commercial Year Built 1991 Parking
More informationFOR SALE: TWO COMMERCIAL BUILDINGS
FOR SALE: TWO COMMERCIAL BUILDINGS ON OVER 1/2 ACRE LOT WITH 150 OF FRONTAGE ON ANDREWS AVENUE 10 NW 40TH COURT 4047 N. ANDREWS AVE. ASKING PRICE: $549,000 4047 N. ANDREWS AVENUE (1,560 SF) 10 NW 40TH
More informationMulti-Family Market Summary & Activity Update Summer 2015
Orlando, FL Multi-Family Market Summary & Activity Update Summer 2015 Contents Introduction 2 Market Commentary 3 Economic Overview 4 Sales Transactions 5 Proposed Communities 8 ORLANDO Introduction Under
More informationTHE TENNESSEE AUTOMOTIVE INDUSTRY
_TEDG2014.indb 25 THE TENNESSEE AUTOMOTIVE INDUSTRY 8/26/13 8:33 AM Prepared by: 2 THE TENNESSEE AUTOMOTIVE MANUFACTURING SECTOR The Southeast has emerged as the driving force in automotive manufacturing
More informationWOODWARD GRAND- LUXURY APARTMENTS & LOFTS
WOODWARD GRAND- LUXURY APARTMENTS & LOFTS Royal Oak DDA Meeting February 19 th, 2014 Developer: Singh Development LLC West Bloomfield, MI Architect: JDavis Architects Raleigh, NC Legal: Dennis Cowan, Plunkett
More informationWhere STRATEGIC Growth is the Point.
Where STRATEGIC Growth is the Point. With a highly educated workforce, excellent public school systems and a range of lifestyle choices, Williamson County is home to a diverse business community - from
More information2. Treat the Cumberland River as central to Nashville s identity--an asset to be treasured and enjoyed.
THE PLAN OF NASHVILLE: Avenues to a Great City TEN PRINCIPLES WITH RELATED GOALS Correlated with recent accomplishments and current projects listed in bold Projects with involvement of the Nashville Civic
More informationUniversity Pointe Opportunity Summary. Remaining in Phase I. University Pointe. Hwy. 29 & Brookside Lane Charlotte, NC.
250,000 Sq. Ft. Walmart Supercenter Anchored Development University Pointe Opportunity Summary Only 6,000 Sq. Ft. Remaining in Phase I University Pointe Hwy. 29 & Brookside Lane Charlotte, NC University
More informationMANAGEMENT LEASING BROKERAGE ACQUISITIONS RECEIVERSHIPS
MANAGEMENT LEASING BROKERAGE ACQUISITIONS RECEIVERSHIPS CONCEPT Hold Thyssen, Inc. offers professional management, leasing and brokerage services to institutional and private investors throughout the United
More informationThird Quarter Multi-Family Market Report 2014
Third Quarter Multi-Family Market Report 2014 National Economy The national economy is improving as it continues to the fourth quarter of the year, mainly driven by the sales of motor vehicle, business
More informationC O M P R E H E N S I V E H O U S I N G M A R K E T A N A L Y S I S. Dallas, Texas. Summary. Economy. Sales Market
C O M P R E H E N S I V E H O U S I N G M A R K E T A N A L Y S I S Dallas, Texas U.S. Department of Housing and Urban Development Office of Policy Development and Research As of April 1, 26 Summary Housing
More informationCase Studies: Production & Preservation of Affordable Multifamily Housing
Case Studies: Production & Preservation of Affordable Multifamily Housing Dawn J. Luke Managing Director, Housing Finance NALHFA Annual Conference April 30, 2015 Who We Are About Invest Atlanta s Housing
More informationMULTIFAMILY MANAGEMENT SERVICES
MULTIFAMILY MANAGEMENT SERVICES A LETTER FROM THE PRESIDENT On behalf of Grubb Properties, I would like to thank you for your careful consideration of our multifamily management services. For 50 years
More informationEEO PUBLIC FILE REPORT For the reporting period of April 1, 2008 through March 31, 2009
EEO PUBLIC FILE REPORT For the reporting period of April 1, 2008 through March 31, 2009 Prepared by: Reach Satellite Network, Inc.: WBOZ-FM Caron Broadcasting, Inc.: WFFH-FM and WFFI-FM This report covers
More informationRSA Real Estate Investments
RSA Real Estate Investments Spotlight on Real Estate 55 Water Street Alabama Office RSA Total Portfolio 4.63% 1.94% 1.13% 0.62% Properties Alabama Resort Hotel Properties Robert Trent Jones Golf Trail
More informationGarrison Companies. Creating quality affordable housing for communities in need and value for our investors
Garrison Companies Creating quality affordable housing for communities in need and value for our investors Garrison Companies Garrison Community Development, LLC 17 Properties since 1997: Kansas (8) Oklahoma
More informationFIRST QUARTER 2015. Downtown Los Angeles Office Market Report. Partnership. Performance. www.avisonyoung.com
FIRST QUARTER 2015 Downtown Los Angeles Office Market Report Partnership. Performance. www.avisonyoung.com New Jersey FIRST QUARTER 2015 Downtown Los Angeles Market Report Partnership. Performance. Market
More information4,482,906 +1.8% 4.6% -0.4% $53,365 +2.9% 343,458 Units (10+) 12,980 Units POPULATION ADOA, EBRC 2015 ESTIMATE 10 + 10+ UNIT PROPERTIES
10+ UNIT PROPERTIES 1Q 2016 INCREASE/DECREASE 1Q 2015 Total Sales Volume $592M 13% $682M 4,482,906 +1.8% POPULATION ADOA, EBRC 2015 ESTIMATE A V E R A G E Price/Unit $84,882 20% $70,940 Price/SF $107 18%
More informationSan Antonio, Texas. Summary. Housing Market Area. Market Details. Economy. Rental Market. Sales Market
COMPREHENSIVE HOUSING MARKET ANALYSIS San Antonio, Texas U.S. Department of Housing and Urban Development Office of Policy Development and Research As of October 1, 2008 Summary Housing Market Area Kerr
More informationVacancy Down, Rental Rates Up
Research & Forecast Report ST. LOUIS OFFICE First Quarter 2016 Vacancy Down, Rental Rates Up Business as usual for the St. Louis office market during first quarter 2016. Suburban office continues to drive
More informationEXPERIENCE INVESTMENT MANAGEMENT & REAL ESTATE SERVICES
INVESTMENT & REAL ESTATE SERVICES Who We Are A trusted advisor. A consistent presence. A valued resource. Forest City Investment Management & Real Estate Services is the investment management and third-party
More informationMARKET WATCH. Market Highlights Office Total Inventory 358,692,803 Total Vacancy Rate 14.4% Select Sitar Transactions 2Q 2014. Economic Indicators
MARKET WATCH Second Quarter 2014 Market Highlights Office Total Inventory 358,692,803 Total Vacancy Rate 14.4% Average Rate $23.66 PSF YTD Net Absorption 1,491,218 SF Industrial Total Inventory 800,823,825
More informationEconomic Impact and Development Analysis. Proposed Sports Entertainment District
THE LONDON GROUP Economic Impact and Development Analysis Proposed Sports Entertainment District Prepared For: The City of Escondido November 2010 The London Group 2010 Report Prepared by: Gary H. London,
More informationNew York City Office Market Report, First Quarter 2013
New York City Office Market Report, First Quarter 213 Q1-213 New York City Office Market Report, First Quarter 213 OFFICE MARKET # BLDGS. TOTAL RBA DIRECT SUBLET TOTAL TOTAL AVERAGE UNDER (SF) AVAILABLE
More informationEconomic & Transportation Impact of BRAC on Huntsville & Madison County
Economic & Transportation Impact of BRAC on Huntsville & Madison County Population Growth - Madison County Population Growth in Madison County 1970-2030 400,000 350,000 300,000 250,000 200,000 150,000
More informationSUSTAINABLE DEVELOPMENT DEVELOPMENT AND INVESTMENT
SUSTAINABLE DEVELOPMENT DEVELOPMENT AND INVESTMENT Trammell Crow Company, founded in Dallas, Texas in 1948, SUSTAINABLE DEVELOPMENT is one of the nation s oldest and most prolific developers of and investors
More informationTenure by Household Size - 2009
NEIGHBORHOOD APARTMENT MARKET ANALYSIS CITY OF CHICAGO Market Composition & Distribution The neighborhood apartment market consists of a range of properties developed from the early 1900s to more modern,
More informationOklahoma City Retail Market Leasing. OKC Retail Market Information by Submarkets. Construction, Delivery, Net Absorption and Vacancy Rate
03Executive Summary 04 04 04 05 05 07 07 08 09 11 National Economy Local Economy Oklahoma City Retail Market Leasing Net Absorption and Inventory Rental Rates and Vacancy Rates OKC Retail Market Information
More informationREST HOME & ASSISTED LIVING CABARRUS COUNTY
REST HOME & ASSISTED LIVING CABARRUS COUNTY Updated 7/3/08 BIG ELM RETIREMENT CENTER 1310 Glenn Avenue Medicaid (704) 932-0000 (ask for Admissions Director) Directions: Depart NorthEast Medical Center
More informationOKC Multi-Family Market Leasing by Classes and Unit Mix. OKC Multi-Family Market Leasing Information by Submarkets
03Executive Summary 04 04 05 05 06 07 08 09 11 National Economy Local Economy OKC Multi-Family Market Leasing by Classes and Unit Mix OKC Multi-Family Market Leasing Information by Submarkets Construction,
More informationA LETTER FROM THE CEO
2014 A LETTER FROM THE CEO Kushner Companies is a diversified real estate organization headquartered in New York City. Our Company is responsible for the ownership, management, development and redevelopment
More informationAffordable Housing Projects 5980 Total Units 73 projects. Programs Project/Location Project Type/Population # Units Contract Value Date Used
Affordable Housing Projects 5980 Total Units 73 projects Ralston Square Apartments Apartment renovations 50 $2,854,701 2014 LIHTC Defiance, Ohio Cherry Legacy Homes Single family homes 40 $7,119,444 2014
More informationBuild-to-Rent Program
About Greystone 1 Greystone is a single-family home builder that utilizes a solutions based approach to deliver the highest quality new construction rental properties with exceptional returns to the investor.
More informationTHIRD QUARTER 2015. Downtown Los Angeles Office Market Report. Partnership. Performance. www.avisonyoung.com
THIRD QUARTER 2015 Downtown Los Angeles Office Market Report Partnership. Performance. www.avisonyoung.com New Jersey THIRD QUARTER 2015 Downtown Los Angeles Market Report Partnership. Performance. Market
More informationGreystone Health Network - Village Place NH, LLC Tampa, FL 813-675-2391 13 Charlotte County, FL
Company Company Location Phone Number # of Beds Nursing Home Location 3-2 CON, LLC Miami, FL 305-864-9191 227 Alachua County, FL Alachua County HRC, LLC Melbourne, FL 321-288-0171 140 Alachua County, FL
More informationDespite Continued Spec Development, Demand Pushes Vacancy Down
Research & Forecast Report CHICAGO BIG BOX Fourth Quarter 15 Despite Continued Spec Development, Demand Pushes Vacancy Down Craig Hurvitz Vice President Chicago Vacancy And Supply Four big box developments
More informationAppendix: Economic Opportunity
Appendix: Economic Opportunity Total Employment In 2008, the core 5 counties of the region (Clayton, Cobb, DeKalb, Fulton and Gwinnett) had 77% of the 20 county region s total jobs at 1,805,191 compared
More informationWELCOME. Hillside Village is a 615,000 sf mixed-use open-air. retail destination located less than 20 minutes from
WELCOME Hillside Village is a 615,000 sf mixed-use open-air retail destination located less than 20 minutes from downtown Dallas, strategically located in the midst of a dynamic new retail hub in Cedar
More informationRICHMOND, VA NASHVILLE, TN COMPARISON
RICHMOND, VA NASHVILLE, TN COMPARISON BOUNDARIES 1: The Richmond MSA The Richmond MSA consists of 13 counties and 17 jurisdictions with a land area of 4,667 square miles. It includes the four cities of
More informationHUNTERDON COUNTY HOUSING OPTIONS FOR SENIOR CITIZENS
HUNTERDON COUNTY HOUSING OPTIONS FOR SENIOR CITIZENS Prepared by Division of Senior Disabilities and Veterans Services Telephone: 908-788-1361 CONTENTS Apartments for the General Public... 2 Boarding Homes....
More informationDowntown Vancouver Full Block For Sale 1.03 Acre Redevelopment Opportunity
FOR SALE E Mill Plain & E Main Street, Vancouver, WA E 16th St Main St Columbia St Washington St E 15th St E Mill Plain Blvd Downtown Vancouver Full Block For Sale 1.03 Acre Redevelopment Opportunity $2,00,000
More informationFatherhood Programs (county by county list)
Fatherhood Programs (county by county list) Alachua County 2100 NW 53rd Ave Gainesville, FL 32652 (352) 377 5690 Family Preservation 1731 NW 6th Street. Ste 1 Gainesville, FL 32609 (352) 213 6561 Baker
More informationExperience. Wisdom. Results.
Experience. Wisdom. Results. Originally founded in 1948 by Armando Ferreira de Melo in Buenos Aires, Argentina, the Melo Group is one of the strongest family-owned, full-service real estate development
More informationRequest for Information
Request for Information Date of Issue: February 13, 2015 Responses Due: May 29, 2015 Overview Forest West Properties Inc. (FWP) is soliciting qualifications from qualified developers for the development
More informationMultifamily Market Strengthens as Employers Add Workers
Research & Forecast Report TUCSON METRO AREA MULTIFAMILY 2 Multifamily Market Strengthens as Employers Add Workers Key Takeaways > > Employment growth in Tucson closed 2 on an upswing. Approximately 5,6
More informationMULTI-FAMILY DEVELOPMENT AND INVESTMENT
MULTI-FAMILY DEVELOPMENT AND INVESTMENT IT S ALL ABOUT LIVING HIGH STREET RESIDENTIAL, a wholly-owned operating subsidiary of Trammell Crow Company, specializes in the development of multifamily housing.
More informationLand Area: - Status: Built 1968. Parking: Free Surface Spaces. Stories: 1
4100 1st Ave Building B Brooklyn, NY 11232 Status: Built 1910 Building Size: 242,400 SF Land Area: - Stories: 6 Space Avail: 19,000 SF Max Contig: 19,000 SF Smallest Space: 19,000 SF Rent/SF/Yr: $6.50
More informationVisit www.homes.mil or www.housing.army.mil
Services Provided : Tenant/Landlord Disputes Lease Reviews Registration of Property Managers Copeland Soldiers Service Center Housing Services Office (Off Post) 18010 Rm B209 TJ Mills Blvd (254) 287 8505
More informationC O M P R E H E N S I V E H O U S I N G M A R K E T A N A L Y S I S. Pueblo, Colorado. Summary. Economy
C O M P R E H E N S I V E H O U S I N G M A R K E T A N A L Y S I S Pueblo, Colorado U.S. Department of Housing and Urban Development Office of Policy Development and Research As of May 1, 26 Summary Housing
More informationexperience matters our services
commercial REAL ESTATE experience matters While no two clients needs are exactly alike, we at Levrose have been working with landlords, tenants, buyers and sellers in helping with their specific requirements
More informationReal Estate Trends. in the Sacramento Region. Key Points
Real Estate Trends The opening of Golden 1 Center in the fall of 2016 will certainly be one of the most significant events in recent Sacramento history. Golden 1 Center Downtown Sacramento photo credit:
More informationHUD PD&R Housing Market Profiles
Sacramento--Arden-Arcade--Roseville, California Quick Facts About Sacramento-Arden-Arcade--Roseville By Elaine Ng Current sales market conditions: slightly soft but improving. Current apartment market
More informationSales Velocity Surges as Rents Push Higher
Research & Forecast Report GREATER PHOENIX MULTIFAMILY 2 Sales Velocity Surges as Push Higher Key Takeaways > > The Greater Phoenix multifamily market continued to improve in the fourth quarter, capping
More informationTECH EMPLOYMENT SPOTLIGHT NASHVILLE Developed for Nashville Technology Council
TECH EMPLOYMENT SPOTLIGHT NASHVILLE Developed for Nashville Technology Council BROUGHT TO YOU BY TECH EMPLOYMENT SPOTLIGHT NASHVILLE MESSAGE FROM THE PRESIDENT MISSION OF NASHVILLE TECHNOLOGY COUNCIL Develop,
More informationNissan Corporate Headquarters Relocation to Cool Springs, Williamson County
Nissan Corporate Headquarters Relocation to Cool Springs, Williamson County Regional Economic Impacts of Construction and Operations William W. Wade Energy and Water Economics July 21, 2008 Nissan Summary
More informationFairfax County Commercial Real Estate. Curtis Hoffman Director, Commercial Real Estate Services
Fairfax County Commercial Real Estate Curtis Hoffman Director, Commercial Real Estate Services Fairfax County Profile Number of jobs: 590,407 Unemployment rate: 3.7% Second largest suburban office market
More informationNew York City Office Market Report, Second Quarter 2013
New York City Office Market Report, Second Quarter 2013 2013 NAI Global The contents of this report are intended for the individuals to whom it is presented or delivered and their company associates. Any
More informationBOARD OF REGENTS BRIEFING PAPER. 1. Agenda Item Title: University Park Apartments Project Student Housing Management Proposal
BOARD OF REGENTS BRIEFING PAPER 1. Agenda Item Title: University Park Apartments Project Student Housing Management Proposal Meeting Date: September 10-11, 2015 2. BACKGROUND & POLICY CONTEXT OF ISSUE:
More informationNashville Area MPO Regional Freight Study fast action projects
Project #1 Beechcroft road (sr 247) at csx crossing Motor carrier survey location Maury County (Spring Hill, Tn) / City of Spring Hill Current at-grade railway crossing causes traffic delays as a result
More informationVacancy Rate Increases Above 20% As Space Givebacks Continue
OFFICE LOS ANGELES MARKET REPORT Rate Increases Above 20% As Space Givebacks Continue MARKET OVERVIEW MARKET INDICATORS - VACANCY 20.1% NET ABSORPTION -137,400 CONSTRUCTION 508,200 RENTAL RATE $34.56 P
More informationLents Town Center Mixed-Use Market Study Office Market Analysis Lents, Oregon
Lents Town Center Mixed-Use Market Study Office Market Analysis Lents, Oregon Portland Development Commission January 2008 Draft Copy 9220 SW Barbur Boulevard Portland, Oregon 97219 503.636.1659 www.marketekinc.com
More informationImpact Analysis: The Atlanta Braves new Stadium Project. March 2014. A Cushman & Wakefield Research Publication
Impact : The new Stadium Project A Cushman & Wakefield Research Publication March 2014 1 Executive Summary The new baseball stadium project will dramatically transform the Cumberland/Galleria area of Northwest
More informationFirst Quarter Industrial Market Report 2014
First Quarter Industrial Market Report 2014 Leasing Activities Highlights: Total Net Absorption 288,886 SF Total Inventory 107,654,999 SF Overall Rental Rate $4.55/SF/YR Total Vacancy Rate 6.20% Under
More informationSYMPHONY SENIOR COMMUNITIES, LLC
SYMPHONY SENIOR COMMUNITIES, LLC In Concert with Emory Healthcare Confidential Executive Summary NOTICE This Confidential Executive Summary and the information presented is highly sensitive and no part
More informationSome of Pascale's Sold Properties
Some of Pascale's Sold Properties 634 CHAIN BRIDGE RD MCLEAN, VA 22101 $9,800,000 FX7991011 1414 BELMONT ST NW #104 WASHINGTON, DC 20009-6634 $579,900 DC8098863 1952 KIRBY RD MCLEAN, VA 22101-5508 $1,190,000
More informationAmerican Farmland Trust Conference Lexington, KY Oct. 21, 2014
Economic Importance of Agriculture to Local Economies American Farmland Trust Conference Lexington, KY Oct. 21, 2014 The Impact of Agriculture on the Economy of Fayette Co., Kentucky Leigh Maynard University
More informationConditions of the Chicago Real Estate Market
Conditions of the Chicago Real Estate Market Downtown Office Market 2015 March 12, 2015 presented by: David J. Gelfand Executive Vice President Colliers International david.gelfand@colliers.com Square
More informationHIGHWAY 150. Investment Property Offering. $1,299,999 7947 E NC 150 Highway, Terrell, NC 28682. Offering Highlights. Thomas McMahon.
Investment Property Offering HIGHWAY 150 $1,299,999 7947 E NC 150 Highway, Terrell, NC 28682 Presented By: Thomas McMahon Offering Highlights 19901 West Catawba Avenue, Suite 102 Charlotte, NC 28031 (704)892-5653
More informationLONE STAR COMPANIES OF DALLAS CORPORATE INFORMATION
LONE STAR COMPANIES OF DALLAS CORPORATE INFORMATION 16980 Dallas Parkway #101 Dallas, TX 75248 972-267-2715 Table of Contents I Company Profile A. Overview of Business B. Services Provided II History/Corporate
More informationCoalition of Affordable Housing Providers Housing is Key to Economic Recovery: Affordable Housing = Jobs
Coalition of Affordable Housing Providers Housing is Key to Economic Recovery: Affordable Housing = Jobs CAHP Supports the Appropriation of $175.2 Million in Sadowski Housing Funds for Florida s Housing
More informationCREW, SAN ANTONIO PRESENTATION SPENCER G. LEVY, AMERICAS HEAD OF RESEARCH
CREW, SAN ANTONIO PRESENTATION SPENCER G. LEVY, AMERICAS HEAD OF RESEARCH April 7, 2015 THE BIG PICTURE FORWARD GLOBAL TRANSACTION VOLUME FY 2014 Total transaction volume worldwide totaled $714B in 2014.
More informationVulture Mine Rd & US60, Wickenburg, AZ. I $1,299,000
PRE-MARKET BRIEF SUMMARY Vulture Mine Rd & US60, Wickenburg, AZ. I $1,299,000 APPROVED FOR BUILDING. 80-acres single-family lots. Safeway and retail nearby. Several lot sizes designed. City utilities available.
More informationThe Gateway Temple City
The Gateway Temple City California Pacific Group Regional Center (CPG-RC) has been designated as Regional Center by the United States Citizenship and Immigration Services. (See exhibit A ) We assist foreign
More information3Q 14. Long Island Market Report
3Q 14 Long Island Market Report Long Island Office 3Q 214 Long Island 3Q14 Office Office Report The Long Island office market ended the 3 rd quarter 214 with a decreased vacancy rate of 8.1%. The vacancy
More informationSENIOR CITIZEN APARTMENTS
4/16 SENIOR CITIZEN APARTMENTS INTRODUCTION: The following guide lists subsidized and market rate senior citizen apartments for individuals who can live independently with minimal assistance. SUBSIDIZED
More informationSeniors Housing in America: Lessons Learned
Seniors Housing in America: Lessons Learned Patricia G. Will Founder and CEO Belmont Village Senior Living Belmont Village Hunters Creek, Houston Belmont Village Turtle Creek, Dallas Seniors Housing in
More informationTD BANK S&P RATED AA- PRESTIGIOUS WINTER PARK VILLAGE LOCATION WINTER PARK, FLORIDA
LONG TERM ABSOLUTE NNN GROUND LEASE TD BANK S&P RATED AA- PRESTIGIOUS WINTER PARK VILLAGE LOCATION WINTER PARK, FLORIDA FREESTANDING SINGLE TENANT INVESTMENT PROPERTY Actual Property FOR MORE INFORMATION
More informationRETAIL FOR SALE. Former Car Dealership Site in Atlanta, Georgia. +/- 24,000 sq ft
RETAIL FOR SALE Former Car Dealership Site +/- 24,000 sq ft Table of Contents Executive Summary Property Information Photos Location Aerial & Map Demographics About the Area Broker Profile 3 4 5 7 8 9
More informationLiving Here Life Style: Balancing Big-City Convenience and Small-Town Comfort
Living Here Life Style: Balancing Big-City Convenience and Small-Town Comfort The provides an exceptional number of residential options. For example, the city of Madison, AL, just west of Cummings Research
More informationState of Atlanta Office Market September 24, 2015
State of Atlanta Office Market September 24, 2015 I. Economic Drivers for Office Market Atlanta Why? Metro Atlanta has the lowest relative cost of doing business among the nation s 10 largest metro areas
More informationSTRATA EQUITY GROUP STRATA EQUITY GROUP. Real Estate Investments
STRATA EQUITY GROUP STRATA EQUITY GROUP Real Estate Investments Land Development Commercial Properties Multi Family Renewable Energy Single Family Strata Equity Group, Inc., a privately held real estate
More informationMSSW Field Placement Sites in the Nashville Area
MSSW Field Placement Sites in the Nashville Area The University of Tennessee MSSW Program partners with organizations in metropolitan Nashville/Davidson County and surrounding counties in Middle Tennessee
More informationAppendix A: Affordable Housing Site Inventory
Appendix A: Affordable Housing Site Inventory Following is a brief summary of the various sites considered for the Affordable Housing Project. Each site is provided with a photo when available and a concise
More informationExpansion or Relocation. Number of New Jobs
FOR DISTRIBUTION Nashville Area Chamber of Commerce Partnership 2020 Business Activity July 2015 - June 2016 Announcement Date Company Name City of Location County of Location Expansion or Relocation Number
More informationB U S I N E S S C O S T S
Introduction A company s success in today s highly competitive global economy is determined by its ability to produce the highest quality products and services at the lowest costs. This competitive imperative
More informationCITY OF HOUSTON ASSISTED MULTIFAMILY PROPERTIES
CITY OF HOUSTON ASSISTED MULTIFAMILY PROPERTIES These properties are privately owned, but are required to set aside a certain number of units to be affordable for lower income persons and families. However,
More informationDOWNTOWN BROOKLYN PLAN. Summary
DOWNTOWN 1 BROOKLYN PLAN Summary Economic Perspective 2 NYC Jobs at Risk as Result of Lack of Affordable Office Space NYC's regional position in decline Over past three decades, NYC s share of regional
More informationCash Investments MORE: Multiple Owner Real Estate
Private Capital Corporation Inland Private Capital Corporation Cash Investments MORE: Multiple Owner Real Estate www.inland-investments.com Inland Private Capital Corporation 415 properties in 44 states
More informationPrivate. Regional. Real Estate Operators.
COMPANY OVERVIEW Private. Regional. Real Estate Operators. Voit Real Estate Services is a robust, debt free and privately owned operator of commercial real estate services throughout the Western United
More information