REI INK

“Experience” Real Estate

Understanding the experience economy will position real estate professionals to deliver a unique customer experience. Over the past decade, a monumental shift has occurred in the way consumers are experiencing real estate. With the advent of online travel agencies, the mobility of the millennial generation and consumers’ desire for unique experiences, traditional real estate has been going through a transformation.  Understanding and adapting to these market dynamics will create newfound

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Technology Is Crucial to Lower Your Property Management Risk

Relying on a firm that uses modern technology and data not only mitigates risk but also creates significant trust and transparency between property managers and their management firms. The property management industry has needed a tech infusion for quite some time. Until recently, the property management space has been inefficient because many companies still manage in a very manual way. They’re mainly reactive, consisting of small and nonscalable teams managing

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The Evolution of the Single-Family House Space

The new asset class on Wall Street is single-family homes, with a new focus on build-to-rent communities. In 1979, I purchased my first single-family investment property. It was located in Williamsville, New York, and I paid $23,200 for it at a mortgage foreclosure. After investing slightly more than $10,000 to renovate it, I sold it for $57,000, netting a profit of $20,000. That deal changed my life. I’ve been involved

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Hamilton Zanze Acquires Two Maryland Apartment Communities

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San Francisco-based real estate firm Hamilton Zanze has acquired two apartment communities in Columbia, Maryland, including the Timbers at Long Reach apartments and the Chimneys of Cradlerock. The deal closed Dec. 31, 2019, with seller Aimco. HZ now owns and operates six residential apartment communities in the D.C. metro area. HZ’s capital improvements plans for the properties include exterior maintenance and improvements, landscaping and interior unit renovations. At the Chimneys

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Phoenix American Financial Services Announces New Client Partnership

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Phoenix American Financial Services has announced a new client partnership with Old Greenwich, Connecticut-based Forum Partners. Phoenix American will support Forum with its full fund administration services suite, including fund accounting as well as its investor services platform. Forum invests in and alongside specialized middle market real estate companies with a demonstrated ability to add value. Phoenix American Financial Services provides fund administration, back office outsourcing services and sales and

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Roc Capital Rebrands

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Roc Capital, the New York-based capital provider for private lenders serving small and middle-market real estate developers, has formed Roc360, a holding company for the suite of products and services it will provide to its clients. The new name communicates the firm’s offerings as a full life-cycle platform for real estate investors and accompanies the broadening of Roc360’s suite of products and services. These include lending (this business will continue

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