Apartment Look

LONG BEACH, CA--(Marketwired - Aug 17, 2017) - RK Properties (www.RKProp.com) announced that it has acquired Edwards Mill , a 220- unit multifamily property in Raleigh, North Carolina. "We are excited to add our third and final property to RK Opportunity Fund IV with the purchase of Edwards Mill ," said Steve King, Vice President of Long Beach, California- based RK Properties . "We believe this asset is consistent with our disciplined underwriting criteria that meets the requirements of our investors for preservation of capital, reliable monthly income , appreciation, and tax benefits." Mr. King noted that RK Properties focuses on acquiring multifamily assets in strong locations with historical rent growth and a value- add opportunity . Edwards Mill is the company's first Delaware Statutory Trust (DST) structure, offering investment opportunities for 1031 exchange buyers and direct capital investors . Built in 1984, Edwards Mill is a 220-unit class ...

RALEIGH, NC - RK Properties announced that it has acquired Edwards Mill , a 220- unit multifamily property in Raleigh, North Carolina ."We are excited to add our third and final property to RK Opportunity Fund IV with the purchase of Edwards Mill," said Steve King, Vice President of Long Beach, California- based RK Properties . "We believe this asset is consistent with our disciplined underwriting criteria that meets the requirements of our investors for preservation of capital, reliable monthly income , appreciation, and tax benefits." Mr. King noted that RK Properties focuses on acquiring multifamily assets in strong locations with historical rent growth and a value- add opportunity . Edwards Mill is the company's first Delaware Statutory Trust (DST) structure, offering investment opportunities for 1031 exchange buyers and direct capital investors . Built in 1984, Edwards Mill is a 220-unit class 'A' community situated on 36.5 acr...

The luxury apartment sector (R4.5 million plus) represents about 40% of the Atlantic Seaboard apartment market , and sales for the year to July 2017 already top R1.2 billion, with 97 units sold at an average price of R12.7 million. The average rate being 24% higher than last year (R10.3 million in 2016) and 44% up in just five years (from R8.8 million in 2012). This four bedroom, five bathroom apartment in Bakoven has a wraparound terrace, pool and two flatlets with separate entrances. It is on the market for R26 million - click here to view. Billy Rautenbach, sales director for Seeff Atlantic Seaboard , V&A Waterfront and City Bowl, says less than half of all sales (45%) this year, are below R10 million. Notably, she says some 14 sales have been concluded in the super- luxury R20 million -plus sector. This includes four in Clifton ranging from R40 million (Clifton Terraces) to R80 million (The Beaches), six at the Waterfront ranging from R40 million (Juliette) and one in Mouille ...

When it comes to condominium development , Cascadia’s two largest cities couldn ’t be more different. Last year nearly 60 percent of new housing starts in the city of Vancouver, BC , were condominiums; meanwhile, Seattle saw no new condominium buildings open . And that’s not changing anytime soon: less than 10 percent of all building slated for downtown Seattle in the next three years will be condos. What’s the difference—why the blossoming of condominium construction in one city and the almost complete dearth in the other? The short answer is economics. In Vancouver, apartments are saddled with an unfavorable tax code , making condos the more lucrative multi- family housing investment even despite high rental demand . In Seattle’s skyrocketing rental market , one that’s climbed even faster than the condo market in recent years, apartment buildings are much more financially attractive, while condos come with bigger risks and, typically, lower returns. Compounding this profit differe...