Apartment Look

Zillow Group, Inc. (ZG) Q2 2017 Earnings Conference Call August 08, 2017 17:00 P.M. ET Executives RJ Jones – VP, Investor Relations Spencer Rascoff – CEO Kathleen Philips – CFO Analysts Ronald Josey - JMP Securities Mark Mahaney - RBC Capital Markets Unidentified Analyst - Sli.do © Provided by Seeking Alpha Earnings Call Transcripts Michael Graham - Canaccord Genuity Christian Rice - Needham & Company Hayden Blair - Stephens Inc. Brian Nowak - Morgan Stanley Mark May - Citigroup Lloyd Walmsley - Deutsche Bank Bradley Erickson - KeyBanc Capital Markets Shyam Patil - Susquehanna Financial Group Heath Terry - Goldman Sachs Presentation Operator Good day, ladies and gentlemen, and welcome to the Zillow Group's Second Quarter 2017 Earnings Call . At this time all participants are in a listen-only mode. Later we will conduct a question-and-answer session and instructions will be given at that time. [Operator Instructions]. As a reminder, today's call is being recorded. I wou...

Colorado Springs , Colo.—Denver’s one of the more robust apartment markets in the nation, but a new report by Colorado Springs - based apartment specialist Commonwealth reported that investor interest in secondary- market Colorado apartment properties (such as Colorado Springs ) is quite strong as well. Altogether, investment sales of apartments in Colorado Springs in 2014 totaled just over $475 million—a record. The 2014 total compares with $166.6 million in 2013, $177.8 million in 2012, and $125.5 million in 2011. Sales in the first quarter of 2015—the total of two transactions—was $60.9 million, which is about the same as it was in Q1 2014. Commonwealth pointed out that customarily first quarter sales are the slowest of the year, so it’s likely that sales will be strong again for the rest of this year, if not record-breaking again. Why the increase in demand for Colorado Springs properties ? The report posited a number of reasons. One is that the city is growing at a considerab...