Hines acquires first US BTR scheme
UK: Hines has acquired Blu South, a BTR community in Pineville, North Carolina, its first US acquisition in the sector.
UK: Hines has acquired Blu South, a BTR community in Pineville, North Carolina, its first US acquisition in the sector.
US: Core Spaces has announced that its Oxenfree BTR brand has 1,500 homes currently under construction across several markets.
US: New York-based Pretium Partners has raised $1 billion to grow its rental homes portfolios.
US: Cushman & Wakefield has appointed its first US head of single-family rentals as it looks to strengthen its presence in the sector.
US: A new housing development in Baltimore aims to tackle problems facing both older adults and their carers in securing affordable housing and multigenerational care.
US: A group of 18 property management companies, together with property management software company Yardi Systems Inc., have been named in an antitrust class-action lawsuit, accusing the alleged cartel of orchestrating a nationwide scheme to fix the cost of multifamily apartment rent.
US: From November 2022 to May of this year, the average rental cost for US PBSA grew faster than rent prices for multifamily housing for the first time.
US: Veda Living, the management company spin-off of ETROS Management Firm, has secured a 10-property management agreement in Washington state.
US: Stockbridge MORE Communities, the owner of single-family communities operating under the Covey Homes brand, has announced a $380 million boost to its existing acquisition warehouse facility.
US: 2022 saw the construction of more than 14,500 new BTR homes across the US, a 10-year high, with southern cities taking the largest share.