Single-family and multifamily housing units situated between half a mile and one mile from the nearest rail station retained more of their value throughout the recent economic downturn than the rest of the city’s housing market
With a record low in housing market development, inventory, house price growth will slow to 5% by the end of 2018 and 2% by the end of 2019. The lack of homes on the market also supports rental demand in the multifamily real estate market
The multifamily real estate market will be able to focus marketing efforts on millennials as an important and significant population
The outstanding performance for Lexerd’s High Yield Fund I has surpassed S&P 500 returns and delivered not only a 2.27 times value appreciation of the initial investment, but also cumulative distributions of 62% since inception
When a property is exchanged for another property using the same strategy, the value creation is cumulative and further enhances our bottom line profitability.
The current US economic expansion will continue at least through the 2019 with an annual rate of 3.5% to 4% and absent global geopolitical crises, consumption and employment will be strong. All these considerations favor multifamily real estate.
Lexerd Capital Management LLC (“Lexerd”), a New Jersey-based sponsor of private equity funds, announced today that one of its funds has acquired Center West Villas (“Center West”), a multifamily property in Augusta, GA. The property, renamed “Pinewood at National Hills” consists of 20 two-story buildings, totaling 160 individual units.
The supply of new construction has experienced moderate decline in the past 3 years as measured by the new construction permits . Favorable employment and wage trends will yield to improved vacancy rates.