RealPage: The size of the average U.S. household is growing

RealPage | November 12, 2019

For the first time since 1850, the average size of the U.S. household is on the rise, RealPage says. It’s not just the kids or Millennials, either. Households are growing and becoming multi-generational. Over the last century-and-a-half, household sizes have actually been shrinking, according to the data from the Census Bureau. But that trend reversed recently. In 2010, the average number of habitants in a house was 2.58, but in 2018, it was 2.63.

Spotlight

An urbanization trend has taken root in major metropolitan areas across the United States, one that we believe will allow multifamily assets to continue experiencing solid fundamentals at least through 2016 and probably beyond. Household formation has remained healthy, spiking at the end of 2014 and continuing at a strong pace throughout 2015. Additionally, since the depth of the real estate-led financial crisis, multifamily homes have garnered a larger percentage of total U.S. households in comparison to single-family, whose starts have remained subdued.

Spotlight

An urbanization trend has taken root in major metropolitan areas across the United States, one that we believe will allow multifamily assets to continue experiencing solid fundamentals at least through 2016 and probably beyond. Household formation has remained healthy, spiking at the end of 2014 and continuing at a strong pace throughout 2015. Additionally, since the depth of the real estate-led financial crisis, multifamily homes have garnered a larger percentage of total U.S. households in comparison to single-family, whose starts have remained subdued.

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REAL ESTATE TECHNOLOGY

Starz Real Estate forms new €300M JV with Ready Capital

Ready Capital | July 14, 2022

Ready Capital Corporation (NYSE: RC) ("Ready Capital" or the "Company") today announced Starz Real Estate (Starz), a pan-European commercial real estate lending platform has formed a new joint venture with Ready Capital Corporation (NYSE: RC), a commercial mortgage REIT headquartered in New York, to originate circa €300m of new commercial real estate loans over the next two years. The new joint venture will focus on deploying commercial real estate bridge and term loans between €10m and €40m in size across the UK, Benelux, Dach Region, Italy and Portugal with up to 75% LTV across sectors including office, residential, mixed use, student housing, logistics, self-storage, and selective retail and hotel opportunities. The joint venture can also offer construction lending in the above mentioned continental European locations. The deal reflects further institutional confidence in Starz, following backing from a Middle East Sovereign Wealth Fund at the end of last year to originate €900m of loans with the latest transaction in that fund comprising a €68.5m senior facility to Union Street Investments for a multi-office investment platform in the Netherlands. "This partnership with Ready Capital will significantly expand our capability to service the increasing demand for agile, mid-market capital across the UK and Europe, bolstering our existing lending strategy." David Arzi, CEO of Starz "We are working in a challenging yet exciting landscape in the wake of the pandemic, with new opportunities as assets change hands or need repurposing to suit new demands. We are pleased to have an institutional investor of this calibre backing us, with our streamlined underwriting processes ensuring we can take capital to market in an efficient and decisive manner." "This new JV partnership with Starz follows through on our commitment to expand Ready Capital's commercial real estate lending business internationally," said Thomas Capasse, CEO of Ready Capital. "With a history of sourcing high quality loans from strong sponsors, the team at Starz has an investment philosophy that aligns well with the credit foundation of Ready Capital's lending strategies, plus they share our hands-on approach to loan servicing and asset management." Ready Capital is externally managed by Waterfall Asset Management, LLC. About Starz Launched in July 2018, Starz is a commercial real estate lender focused on middle-market loans throughout Europe. With a balance sheet built for the long haul, Starz is a flexible and reliable source of capital for real estate investors. Starz provides collaborative lending solutions coupled with streamlined underwriting processes that ensures seamless service. https://starzrealestate.com/ About Ready Capital Ready Capital Corporation (NYSE: RC) is a multi-strategy real estate finance company that originates, acquires, finances and services small to medium balance commercial loans. Ready Capital specializes in loans backed by commercial real estate, including multifamily agency, stabilized and bridge financing, as well as government guaranteed business loans. Ready Capital and its affiliates also provide alternative lending, construction lending, and low-income housing finance as well as residential mortgages. Headquartered in New York, Ready Capital employs more than 600 lending professionals nationwide. The company is externally managed by Waterfall Asset Management, LLC.

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REAL ESTATE TECHNOLOGY,REAL ESTATE ADVICE

Morreale Real Estate Services, Inc. Revamps Their Client & Transferee Portal

Morreale Real Estate Services, Inc. | August 04, 2022

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REAL ESTATE INVESTMENT

JPAR® - South Florida Living Expands with Acquisition of Signature Invest Realty LLC

JPAR | June 08, 2022

JPAR® – South Florida Living is pleased to announce the expansion of its Florida operations with the recent acquisition of Signature Invest Realty LLC. Owners, Chris, Lisa, and Michael Schlitz and Jeremy Constantino acquired Signature Invest Realty of Orlando on June 3, 2022. We're thrilled to welcome Jose Vega and Signature Invest Realty to our growing organization. Jose and his team of sales professionals complement our vision for expansion in the Florida market." Chris Schlitz, CEO, JPAR® – South Florida Living JPAR® – Real Estate is one of the fastest growing 100% commission brokerages in the United States and continues its impressive growth by offering a best-in-class technology and marketing platform and its commitment to positioning the agent at the center of each transaction. "Chris, Lisa and Michael Schlitz are a shining example of what we mean when we talk about JPAR® being built by, and for, influential industry leaders," said Laura O'Connor, President and COO, JPAR® Franchising. "We are proud that they chose us as their franchise partner. They invest the time and effort to understand, train and articulate the brand value to agents, teams and other owners that are looking to further their professional growth. Their growth in both the Greater Atlanta, Georgia and Florida markets can be attributed to their commitment to the agents and communities they serve. Our heartfelt thanks and congratulations on their continued growth and success." JPAR® – Real Estate is both a Top 50 Real Estate Broker and Top 10 U.S. Hottest Business Franchise. "With today's competitive marketplace and ever-evolving technology, JPAR® provides the cutting edge tools necessary for our agents to successfully compete and advance their real estate careers while continuing to deliver exceptional customer service," said Jose Vega, Broker/Owner, Signature Invest Realty. JPAR® – Real Estate brokerage and franchise operations continue to expand throughout the United States, now serving home buyers and sellers from 65 offices throughout 26 states with more than 3,600 real estate professionals. According to Lisa Schlitz, COO, JPAR® – South Florida Living, "JPAR® – South Florida Living is expanding its footprint not only in Palm Beach, but throughout the state by acquiring high quality brokerages like Signature Invest Realty." About JPAR® - Real Estate JPAR® - Real Estate and JPAR® Franchising is a full-service real estate brokerage and franchise platform offering a highly competitive transaction fee-based model and agent-centric culture. The JPAR® platform provides agents 7 day-per-week broker support, physical office locations, a comprehensive open architecture tech stack, marketing, lead generation, training, coaching, mentoring and agent health care. The company serves more than 3,600 agents operating in 65 offices across 26 states.

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