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March 11, 2019

Multifamily Still The King Of Investment Volume, But This Year Could Be Different

Investors haven't lost their appetite for U.S. apartment properties, with investment sales up 15.1% to $167.5B in 2018 compared with the year before, according to a new report by JLL. 

Multifamily was the most actively traded U.S. real estate asset class for the third consecutive year, as investors continue to be wooed by multifamily's strong performance in occupancy and rent growth.

But 2019 might be different.

Multifamily Still The King Of Investment Volume, But This Year Could Be Different

Big money is still pouring into the sector. Transactions of $100M and above totaled $48.8B in 2018, a 21.3% increase over 2017. So is foreign capital. Foreign investment volumes increased by 29.3% in 2018, the report notes. Canadian investors alone deployed $9.8B over the year, 31.5% more than the previous high…

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Airbnb has inked a deal to acquire HotelTonight, an app specializing in finding hotel rooms at the last minute, ideally at a discount. The acquisition represents Airbnb's latest foray into the more traditional side of the hospitality business. The deal values HotelTonight at about $465M, The New York Times…

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'Don't Freak Out': Economists React To February Jobs Report On Twitter

Nonfarm payroll employment increased by 20,000 jobs in February, the U.S. Bureau of Labor Statistics reported Friday, marking the country's 101st straight month of employment gains. 

The unemployment rate fell to 3.8% after rising to 4% in January.

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Women In Construction Week: 5 Questions With Morgan's Helena Finley
 

Morgan Vice President of Central Region Construction Helena Finley never has the same type of day. Some days she is in the field helping the team resolve problems. Other days she is in meetings discussing, planning and designing future projects.

She is responsible for all of Morgan's projects in Texas and Colorado. In the last 14 years, she has managed 23 major multifamily projects totaling close to 5,500 units valued at $578M. Projects include Pearl Midtown Residences and Whole Foods, the Pearl CityCentre projects, Gables Memorial Hills, Gables Park Plaza in Austin and Post 510 Richmond.

Finley said none of this would have been possible if her previous employer, a Houston-based construction company, did not intentionally focus on her skill set and previous experience as a leader, planner and budgeter and not her gender or her interest in the construction field. 

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