Lexerd Capital Management LLC ("Lexerd"), a New Jersey-based sponsor of private equity funds, announced today that one of its funds has acquired Spring Valley Club Apartments in Panama City, FL and Avenue 29 Apartments in Tallahassee, FL, each a multifamily property in their respective locations.
Lexerd Capital Management LLC ("Lexerd"), a New Jersey-based sponsor of private equity funds, announced today that one of its funds has acquired Emerald Pointe, a multifamily property in Birmingham, AL. The property consists of twenty-one (21) two-story and three-story multifamily apartment buildings and one (1) community building, totaling 192 individual units.
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 supply of new construction has experienced moderate decline in the past 3 years as measured by the new construction permits.
The multifamily real estate market will be able to focus marketing efforts on millennials as an important and significant population