ORLANDO | MULTIFAMILY OUTLOOK OVERVIEW Orlando is a strong growth oriented metropolitan in the central region of Florida. It has consistently posted strong job gains, almost all sectors of its economy is expanding, and demand for housing has been strong. As the population booms due to job growth, demand for housing is expected to increase.… Read more »
Author: crp_admin
Creative Realty Partners Expands Into Orlando, Florida with the Purchase of The Villas @ 17th Apartments
Just Acquired – Villas @ 17th Creative Realty Partners is pleased to announce the acquisition of the 130-unit Villas at 17th Apartments in Kissimmee, Florida, a submarket of Orlando within Osceola County. With this latest acquisition, CRP has further expanded its portfolio in the Florida market. CRP’s strong track record and growing relationships in the… Read more »
Tampa, Florida Multifamily Outlook | 8% Rent Growth | Declining Vacancy
TAMPA BAY | MULTIFAMILY OUTLOOK OVERVIEW The Tampa Bay Metropolitan area has solid market fundamentals with a thriving and stable economy. The area has been experiencing significant population growth. In addition, local employers are adding tens of thousands of jobs yearly, leading to a decline in the unemployment rate. The employment growth is leading to… Read more »
San Antonio, Texas Multifamily Outlook | Rising Demand | Increasing Rents | Declining Vacancy
SAN ANTONIO | MULTIFAMILY OUTLOOK OVERVIEW San Antonio entered 2016 as one of the United States’ most stable economies. The city’s diverse economy and growing employment base is continuing to attract young professionals that prefer renting to buying. Tenant demand has been rising for Class B and Class C multifamily rental properties in San Antonio… Read more »
Jacksonville, Florida Multifamily Outlook | Rising Rents | Declining Vacancy | Strong Job Growth Drives Housing Demand
JACKSONVILLE | MULTIFAMILY OUTLOOK OVERVIEW A growing local economy will make the Jacksonville apartment market tighten with rents expected to rise and new housing demand being generated. Vacancies are expected to decrease as newly constructed units are slow to enter the local market. 70s and 80s vintage product will remain popular for renters due to… Read more »
Just Acquired: Silversmith Creek, a 140-Unit, Class B Asset
Just Acquired: Silversmith Creek Creative Realty Partners is pleased to announce the acquisition of the 140-unit Silversmith Creek Apartments in Jacksonville, FL. The economics behind the investment represents an exceptional value-add opportunity that will yield excellent cash-on-cash returns. The multifamily asset was sourced on an off-market basis from RAIT Financial Trust which allowed for an… Read more »
Dallas/Fort Worth Multifamily Outlook | Strong Economic and Demographic Growth Drives Rents
DALLAS – FORT WORTH | MULTIFAMILY OUTLOOK OVERVIEW The Dallas – Fort Worth (DFW) metroplex is a fast growing region both economically and demographically. As companies move and expand into the region, jobs and population growth is expected to continue, creating a favorable market for value add multifamily investing. ECONOMIC INDICATORS MACRO ECONOMY The… Read more »
Creatively Increasing Income and Property Value
In the last few years the rental market has seen a tremendous increase in rental demand. Between millennials that do not want a 30 year commitment and empty-nesters that are down-sizing and do not want the headache and the responsibility of owning their residence, the rental market has turned into more than just temporary housing;… Read more »