News
Good Years Ahead for Apartments
September 5, 2012
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| We took Cassidy Turley's theory around town to see what others thought. Convention or no convention, the greater Charlotte apartment market is looking up, according to SYNCO prez Tim Hose(second from left), who recently became president of the Greater Charlotte Apartment Association. He tells us that over the next two years, the local apartment market will see an increase in new development. (Good news for people who insist on that new apartment smell.) | ||
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| Also continuing will be the availability of low interest rate financing from the GSEs and life companies (and even some banks) and low cap rates on sales, especially in larger markets like Charlotte and Raleigh, Tim says. His organization will intensify focus on legislative issues at the state level and get the word out that well-conceived and well-managed apartment properties are highly desirable additions to any NC neighborhood. Pictured: A Charlotte apartment property slated to come on line in 2013, the Retreat at Renaissance by Laurel Street Residential. |
