How Millennials Are Changing CRE – Infographic
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ByadminWritten by: Patrick Clark In 2007, Arlington (Va.)-based property management company AvalonBay Communities made a seemingly obvious decision. The company stopped accepting rent at its apartment buildings, and started making tenants send payments to a centralized office. Renters could put checks in the mail or use a new online system to transfer payments from one…
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FCA Announces Disposition of 84-Unit, Value-Add Property in Suburban Chicago
WHEATON, Ill., (July 28, 2017) – First Capital Advisors, LLC (FCA) announced the disposition of Clarendon Arms Apartments, an 84-unit, value-add property located in the highly desirable Chicago suburb of Clarendon Hills, Illinois. “This was our company’s first sale of a solely managed multi-family property,” said Chris Pope, CEO of First Capital Advisors. “The value-add…
Millennials Are a Major CRE Focus
ByadminBy: Ian Ritter Now that the millennial generation has entered the workforce in a big way, there is a lot of talk about its impact on commercial real estate. We heard a lot about this recently at Connect Los Angeles and it’s clear they are influencing every facet of the industry. This sentiment was echoed…
Steps to Sustainability in Retail Real Estate
“Going green” is a hot theme nowadays. Many people are becoming more aware of their surroundings and are opting to incorporate energy saving and green ideas in all aspects of their life; from their house, to car, and in new construction. Yet, what about commercial real estate? Retail property managers have an arsenal of tools…
Happy Tenants Means More Retention
So What Can You Do to Keep Them Happy? Being a landlord is like a juggling act. Not only are you trying to keep your tenants happy, but it is a business, so you are still trying to make money as well. Whether you manage residential properties – from a few flats to…