Advice for Self-Storage Resident Managers: Protecting Your Position

We’ve all heard that self-storage resident managers are a thing of the past. That may be true with some new facilities being built today, but not all. There are still owners and developers incorporating residences into their plans, and managers who still seek this employment arrangement. In addition, there are scores of properties that still operate in this manner. When …

PR Real Estate Fund Managers Grapple with Lower Yields

Private equity real estate funds have been enjoying robust fundraising in recent years that has resulted in record high levels of assets under management. Yet fund managers are bracing for more challenges ahead that could cause them to lower target yields. Globally, the private equity real estate industry reached $900 billion in assets under management as of June 2018, with …

The Cap Rate Series: The Answer Is No Longer 9%

Author’s note: Brad Thomas is a Wall Street writer, and that means he’s not always right with his predictions or recommendations. Since that also applies to his grammar, please excuse any typos you may find. Also, this article is free, and the sole reasons for writing it is to assist with research and provide a forum for second-level thinking. A …

How to Use the Value-Add Strategy Effectively at Apartment Buildings

Turns out value-add investment strategies, in which developers renovate older apartment buildings, can make apartments too expensive for many lower-income renters, according to industry experts. Firms like Avanath take a different approach. They try to renovate apartments in ways that modestly increase rents and also repair deferred maintenance problems like leaky roofs and pealed paint. That can help keep the …

Charleston County Council task force recommends tax increase to fund affordable housing

A task force spearheading affordable housing in Charleston County is recommending raising property taxes to fund efforts in the area. At Tuesday’s council meeting, task force members shared details of their new study on affordable housing  noting that since 2010, home sale costs increased 24 percent and rental prices increased 49 percent while the median income rose only 12 percent. …