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More builders and investors are testing the waters of the single-family build-to-rent sector as consumers seek affordable housing options and to lease rather than buy. announced it was selling five of its communities in Phoenix, a total of 943 homes, to an affiliate of The Inland Real Estate Group of Companies , in Oak Brook, Ill.
John Burns Real Estate Consulting’s Single-Family Rent Index tracks 63 markets and found lease effective rates up 6% year-over-year in July, with the historical average being 3%. Rental demand is intense in Phoenix, Ariz., Riverside-San Bernardino, Calif., and Atlanta with growths up 13%, 12%, and 11%, respectively.
As sellers take the upper hand in a competitive housing market, landlords are also set to end the year on a high note thanks to a steady increase in new lease effective rents during the final months of 2021. Record-high 18% same-home new lease rent growth. In aggregate the SFR REITs reported in 3Q21: 98% same-home occupancy.
A new report released by John Burns Real Estate Consulting earlier this month revealed that having a mortgage costs, on average, $839 more per month than having a lease, making renting the more affordable option for most Americans. and Phoenix. Renting is becoming more affordable than buying a home in most metros across the U.S.,
Boasting a population of nearly 500,000, Mesa is the 36th largest city in the United States and second largest in the Phoenix-Mesa metro area. After leasing the U.S. AZLabs is located adjacent to the Phoenix-Mesa Gateway Airport making it a strategic location for unmanned and autonomous vehicle research and operations.
Property Markets Group | X Phoenix. X-Phoenix pushes the boundaries of what wellness means—spaces that address both the body and the mind. Property Markets Group | X Phoenix. Through offering various events that appeal to many tastes and skill levels, these wellness rooms also build community—fostering well-being for residents.
The company’s new facility will house the Oscar Concierge team and will be located at The Circuit, a new modern, adaptive re-use project near the Loop 101 and Loop 202 freeways. Their entrance into the market reinforces what more and more businesses are discovering—that Greater Phoenix is an ideal place to go to scale.”.
The global design, engineering and manufacturing company announced its plan to relocate to Arizona from Angleton, TX in April of this year and expects to add approximately 500 new jobs to the greater Phoenix area over the next five years. ” Benchmark’s 23 locations span eight countries across the globe.
Louis, Dallas and Phoenix, and my role is to manage major capital improvement and maintenance projects for any of those communities. However, I landed my first job in the industry with a rental housing firm that serviced about 3,000 – 5,000 single-family homes in the Chicago area.
Twice voted one of the “best places to live in New Jersey” by Money magazine, Cumberland County offers affordable housing, an economical business location to excellent highways and rail service, a competitive regulatory climate and an abundance of beautiful natural resources, unspoiled towns and villages and picturesque scenery.
The principal and interest on the bonds are paid solely from the funds derived from leasing or selling the facilities to the user company. Small Producer Credit (AS 43.55.024(c)): Credit of up to $12 million per year for taxpayers incurring eligible oil and gas lease expenditures in North Slope operations. TAX INCENTIVES.
billion, first-of-its-kind collaboration housed at the CNSE’s Albany NanoTech complex. CNSE] houses the most advanced clean rooms, tools and equipment, as well as next generation tools that are still several years from making it out into industry,” said Steve Janack, CNSE vice president for marketing and communications.
JPMorgan Chase, the nation’s largest bank, recently announced it will provide $100 million to help Detroit with housing repairs, blight removal, job training and economic development projects over the next five years. But loyal readers of the BF Blog know that we’re bullish on Motown’s recovery. cities for job-skills training.
So meeting the need for massive quantities of premium-quality flat-rolled sheet—used for body panels—and lightweight parts such as diecast housings, pulleys and brackets, as well as extruded mechanical, structural and trim pieces—requires more high-tech machinery and operators with leading-edge knowledge. The firm will spend $6.7
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