RealPage, Inc. (NASDAQ:RP), a leading global provider of software and data analytics to the real estate industry, announces that real-estate investment firm Walker Reynolds has chosen RealPage asset management solutions to support its largely hotel-focused investment business.
“We looked at four other companies that offer portfolio management solutions, but RealPage was far and away the most sophisticated, easy to use and customizable,” said Brett Rush, a managing member at Walker Reynolds. “It also offers the most options not only for monitoring your portfolio, but for data analytics and trend analysis. And we expect to gain a lot of back office efficiency from it.”
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Annual rental growth for prime offices across the 125 major markets covered by the JLL Global Office Index inched higher to 3.4% in Q2 2018, the strongest pace in two years. For the full-year 2018 rental growth is projected to remain stable at 3.4%, above the 10-year average of 1.9%.
Brennan Investment Group, LLC, a private real estate investment firm that acquires and operates industrial properties on a national basis, announced its acquisition of Hempstead Business Park, a twelve-building, 133,850 square foot light industrial park located at 10612-10616 Hempstead Highway in Houston, Texas. The portfolio is currently 92% occupied.
“We are pleased to complete the acquisition of this twelve-building portfolio in the Northwest submarket of Houston. The Houston market has demonstrated strong fundamentals, evidenced by over 1.2 million square feet of positive net absorption year-to-date, and a current vacancy rate of 5.1%,” said Troy MacMane, Southwest Managing Principal at Brennan Investment Group.
Scott McKibben, Chief Investment Officer at Brennan Investment Group stated, “This acquisition is illustrative of our criteria to acquire industrial assets at a low basis in infill markets, with the ability to increase cash flow through leasing and rental increases.”
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Office buildings and shopping centers have proliferated along Loop 1604 to keep up with San Antonio’s sprawling growth, but the highway takes on a more rural look beyond the bustling Forum in Northeast Bexar County.
County Commissioner Tommy Calvert wants to change that. He’s proposing an unusual public-private partnership between the county and developers that’s designed to bring more public services and retail options to the area around Joint Base San Antonio-Randolph, one of the fastest-growing parts of Bexar County.
Click to read more at www.expressnews.com
Campus Advantage is one of the most active players in the student housing market. Over the last decade, the company has acquired more than $1.5 billion in student housing assets through its partnerships and invested about $525 million in equity through several joint ventures. In addition, Campus Advantage manages more than 60 communities across the country.
The firm’s Michael Orsak, senior vice president of investments, and Josh Greenleaf, vice president of investments, revealed the major trends and challenges in the business. The two also explained what attracts today’s residents and what makes them stay.
Click to read more at www.multihousingnews.com
CHICAGO–(BUSINESS WIRE)–Will Robots Take Over CRE?, a report released today by Cushman & Wakefield (NYSE: CWK), examines transformative technologies and how they will impact commercial real estate over the next two decades.
The report is the first in a four-part series that focuses on auto-related technologies such as electric and autonomous vehicles and ridesharing; distributed ledgers such as blockchain and cryptocurrency; and technologies transforming supply chains such as drones, 3D printing and autonomous mobile robotics.
Will Robots Take Over CRE? focuses on structural factors that may drive adoption of these technologies and evaluates transformative advances that will affect them, all within the context of safety, security and acceptance; ability to converge with other technologies and infrastructure; and scalability. Each technology is evaluated on a “Hype Cycle” curve that gauges its likelihood of being adopted. Real estate and infrastructure assets are expensive, built for longevity and do not lend themselves to flexibility. Therefore, in order to embrace any change, players in CRE markets must be convinced that the technology will be widely adopted.
Click to read more at www.businesswire.com