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 …

City of Charleston set to tear up Market Street as part of long-term drainage project

CHARLESTON, SC (WCSC) – The City of Charleston is planning to rip up both North and South Market Street as part of a project that aims at improving drainage in that area of downtown. It’s expected to take between three and four years to complete, according to Matthew Fountain, the city’s director of stormwater management. In that time, crews will …

Net Lease Trends 2019, Part 1: CRE’s Safest Play

The net lease investment sector is continuing to ride a wave of strong liquidity that is fueling robust transaction volume and steady cap rates and that momentum is likely to stay the course in the coming year., according to NREI’s latest exclusive research into the sector. Despite an uptick in interest rates over the past year and a strong view …

What Will Be the Fate of Vacant Sears and Kmart Boxes?

While Chairman Eddie Lampert and his hedge fund ESL Investment managed to buy Sears out of bankruptcy and avoid liquidation—saving about 400 Sears stores—the looming question is what will happen to the hundreds of other shuttered Sears and Kmart locations around the country. Sears Holdings Corp., which owns Sears and Kmart stores, filed for chapter 11 bankruptcy protection last October …

Self-Storage REITs Release Financial Results Q4 2018

The five largest publicly traded, U.S.-based self-storage real estate investment trusts (REITs)—CubeSmart, Extra Space Storage Inc., Life Storage Inc., National Storage Affiliates Trust and Public Storage Inc.—have released financial statements for the quarter that ended Dec. 31. In general, the companies showed gains in key areas, particularly funds from operations (FFO) and net operating income (NOI). Occupancy figures tended to …