Ice Berg Report

REAL TRENDS ANNOUNCES NEW REPORT ON SINGLE-FAMILY RESIDENTIAL INVESTMENT MARKET

The Iceberg Report is an annual report on the American Single-Family Residential Investment Market REAL Trends, Inc., the Trusted Source in residential brokerage and Andrew Waite of NEXZUS Publishing Group announces the release of The Iceberg Report, an annual report and analysis of the American Single-Family Residential Investment Industry. Some 23 percent of one- to four-family residential homes in the United States are owned by investors. The Iceberg Report details the size of the single-family residential market, as well as the demographics, attitudes and behaviors of owners of single-family investment homes and uncovers the companies that serve this market. The implications of investors owning and holding single family residential real estate as an investment have enormous implications for the future of housing, rentals and homeownership at large as well as housing affordability. “The Iceberg Report confirms what we suspected,” says Steve Murray, president of REAL Trends. “More successful investors rely on professional real estate agents and leading property managers to help them find, manage and profit from an increasingly mainstream asset, the standalone single-family residential house.” Some Report Highlights Institutional owners own less than 400,000 of these units, while nearly 8 million non-institutional owners (those that own one to two units) own the rest. Learn about their portfolio goals. Most of the 8 million who own one to two units don’t use a formal property management firm until they accumulate more than four units. A majority of investors in single-family residential homes still use a real estate professional when buying…

HomeVestors Welcomes 800th Franchise in First Quarter 2017

75 Additional Franchises Join Growing “We Buy Ugly Houses®” Brand HomeVestors of America welcomed 75 new franchises during the first quarter 2017, including the brand’s 800th franchise in Allentown, Pa., a new market for the “We Buy Ugly Houses” company. Other new territories include Little Rock, Arkansas; Twin Falls, Idaho; Duluth-Superior, Wi.; Beaumont, Tex.; Charlottesville, Va.; Omaha, Neb.; and St. Cloud-Alexandria, Minn. “Homeowners throughout America enjoy the efforts of franchises like these who are working to once again turn ugly houses into an asset to their communities,” said David Hicks, HomeVestors co-president. “The franchises that come to HomeVestors have an entrepreneurial drive and passion that has helped build our company over the last 20 years. We are happy to welcome these additional franchises, and to recognize Sjaun Lobdell, our 800th franchisee.” Sjaun hails from Allentown, where he previously worked in information technology. He and his wife Jamie, were seeking a way for Sjaun to invest himself wholeheartedly into a business opportunity that would allow more meaningful time with their family of four. Sjaun recently was recognized while attending UG University in Dallas. “I’ve always been interested in real estate, but felt overwhelmed at the prospect,” said Lobdell, the 800th HomeVestors® franchisee. “After the great experience we had re-doing our own place, and facing a crossroads in our life, we saw HomeVestors as a way to seize the day to enjoy freedom through our business. We’re looking forward to doing the hard work required with the tremendous backing of the ‘We…

$68 Million Chappaqua Crossing

Grossman Cos. & Summit Development Move Ahead with $68 Million Chappaqua Crossing (NY) $68 Million Chappaqua Crossing: A Joint Venture of The Grossman Companies and Summit Development in New York’s Westchester County High-end, 19-Acre Retail Center Is Located on Former Readers Digest World HQ Quincy, MA / Southport, CT / Chappaqua, NY  — In one of the largest ground-up development projects in its 40-year commercial real estate history, The Grossman Companies, Inc., based in Quincy, Mass., has partnered with Summit Development of Southport, CT, to develop a high-end 120,000 square-foot, $68 million retail development on 19 acres at 480 Bedford Road, part of the long-time, former Readers Digest world headquarters. The entire site consists of 114 acres. The sale was consummated on April 14, 2017. The announcement was made by Grossman Companies’ Co-President Jake Grossman and Felix Charney, Principal of Summit . Chappaqua Crossing will be ready for its anchor tenants, Whole Foods and Life Time Fitness, each 40,000 SF, in mid- 2018. Other tenants that have already signed leases include Pet Valu, Chase Bank, AT&T and Go Health Urgent Care. The remainder of the Readers Digest property will ultimately include: 91 high-end town homes; approximately 500,000 SF of medical and office space anchored by Northern Westchester Hospital; 66 affordable housing units; and various public amenities including a walking trail and performance center. CBRE’s National Retail Partners represented Grossman and Summit, and arranged both the debt and equity capital that includes the construction loan of $44 million from M &…

Top Real Estate Leaders to Gather in Los Angeles

ULI’s Fall Meeting in Los Angeles Looks at What’s Ahead for Real Estate The World’s Top Real Estate Leaders to Gather in Los Angeles for the Urban Land Institute’s 2017 Fall Meeting, Set for October 23–26 at the Los Angeles Convention Center Nearly 7,000 of the world’s foremost leaders in the real estate and land use industry will convene at the Urban Land Institute’s (ULI) 2017 Fall Meeting, set for October 23-26 at the Los Angeles Convention Center. ULI is a global, multidisciplinary, member-driven real estate organization dedicated to responsible land use and building thriving, sustainable communities. Each day of the meeting will emphasize a separate area of focus, starting with Monday, October 23, which will be dedicated to tours of some of the metro area’s most innovative developments. Tuesday, October 24, will emphasize leadership, offering lessons learned from experts in the real estate industry and beyond; and on Wednesday, October 25, the focus will shift to industry trends. Thursday, October 26, has been designated as real estate “deal day,” with opportunities for attendees to explore and initiate development projects, as well as share best practices in the art of making deals. As the largest of ULI’s events, and the real estate industry’s premier gathering, the Fall Meeting routinely draws internationally renowned land use and urban development experts, including commercial developers, finance executives, economic development specialists, architects, urban planners, property owners and managers, real estate consultants, public officials, academics and property advisers. Real estate session topics include challenges and opportunities…

Five Simple Steps to Achieving a Lush Lawn Fast:

Step 1: Aerate When the soil under a lawn becomes too compacted, water, air and nutrients have a hard time reaching grass roots. Lawn aerators correct this problem by pulling small plugs of soil about 1/2inch in diameter and 2 to 3 inches deep out of the ground. You can affordably rent an aerator fora day or hire a professional. Learn more at weseedamerica.com/improving. Step 2: Reseed If you have bare patches or your lawn looks thin, reseeding is an easy solution. Start by contacting a local turf specialist to determine the best seed or sod to purchase for your location and soil type. Then, rake the bare areas of your lawn and apply seed. Water lightly and regularly until new grass grows in. The spring and fall are good times to seed due to cooler weather, although it can be done any time of year Step 3: Mow high Never cut off more than 1/3 of the grass blade height at a time. If grass gets too long, raise the height on your mower. Recommended mowing heights vary by grass type, but an easy rule of thumb for the most common types of lawn is to mow to a 2-inch height when the grass blades reach 3 inches tall. Step 4: Fertilize To keep your lawn healthy, aim to fertilize at least once a year; four times a year is ideal. Your local garden center can recommend the fertilizer best for your climate and grass type. Additionally, naturally fertilize…

Diane Keaton Collects Southern California Homes

The California beach home restored by Diane Keaton “Diane Keaton Collects Southern California Homes” Charmer Diane Keaton, in her trademark suits and turtlenecks, is most well known as an Oscar-winning actress in films that are today’s classics. From her first appearance in The Godfather to her Oscar-winning performance in Annie Hall and a string of other great films chalking up $1.1 billion in box office sales, Keaton also found time to date both Warren Beatty and Al Pacino. Now at age 71, Diane has not slowed down having written three books, well-known for her photography, mother of two adopted children, and owns her own wine company, The Keaton, with reds described as rich and intense and a new white wine on its way. In her spare time, she is a real estate tycoon with a long history of buying, remodeling and selling houses in enviable Southern California locations. Newly offered for sale is a Laguna Beach house steps from the sand and with views of the Pacific Ocean, beach and rugged cliffs spilling into the ocean. Built in 1928 for the J. Roy Smith orange tree groves family when the idea of having a beach house was coming of age in California, there were still many excellent lots from which to choose. The Smiths chose a bluff overlooking the wide beach of Shaw’s Cove, which afforded protection from storm waves and an expansive view. It was built in the Mediterranean Revival style with stucco, decorative Spanish tile accents, wood beams,…

insurance home

Survey: Majority of Americans Mistakenly Believe That a Standard Home Insurance Policy Covers Flood Damage

‘Home Insurance Misconceptions’ Study Dispels Myths on Floods, Dog Bites and Stolen Car Items— AUSTIN, TEXAS — Think you have an accurate understanding of what your home insurance policy does and doesn’t cover? Well, based on new data, chances are … you don’t! And you’re far from alone. In a March 2017 survey commissioned by insuranceQuotes, 56% of respondents mistakenly believed that a standard homeowner’s policy covers flood damage. For millennials ages 18 to 36, the percentage rose to 67%. “Being misinformed about your home policy can be an extremely expensive mistake — especially when a few inches of water in a 1,000 square-foot home can easily cost over $10,000 in repairs,” said Laura Adams, senior insurance analyst at insuranceQuotes. “There are a number of widespread myths ranging from coverage for dog bites to items stolen from your car that frequently trip up policyholders.” Consumers may overestimate their coverage when it comes to flooding, but they underestimate when it comes to dog bites. Regarding potential lawsuits filed by someone bitten by a policyholder’s dog away from the owner’s property (such as at a dog park or on the street), 54% of respondents and 67% of millennials didn’t know they would be protected with a standard homeowner’s policy. And while 81% of respondents knew that valuables stolen from their homes were covered under a standard homeowner’s policy, only 28% knew renter’s insurance would cover valuables stolen from their cars. For millennials the percentage was even lower: 25%. For less than $200…