Davidson Bogel Real Estate brokerage firm | May 26, 2022
Davidson Bogel Real Estate (DB2RE), a leading land brokerage firm based here, announced the sale of 55 acres in north Fort Worth.
HPI Real Estate Services & Investments (HPI), headquartered in Austin, Texas, acquired the property at the southeast corner of Bonds Ranch Road and Blue Mound Road. HPI’s plans include:
Approximately 636 multifamily rental units.
Approximately 193 single-family rental units with attached garages and yards.
Amenities will include clubhouses, resort-style pools, pickleball courts, and walking trails.
We are focused on growing our North Texas portfolio as it is one of the strongest real estate markets in the country. Strong employment and population growth in the Alliance Corridor has created a demand for high-quality rental housing. We look forward to breaking ground in early 2023 and residents moving into both our apartments and single-family homes the following year.”
Tim Shaughnessy, President of HPI Multifamily
Collins Meier, Ryan Turner, David Davidson Jr., and Edward Bogel of Davidson & Bogel Real Estate brokered the transaction.
“The demand for rental product continues to accelerate with growth in renters by choice and as home buyers battle rising interest rates paired with historically high home prices,” said David Davidson Jr., co-founder of DB2RE.
HPI Real Estate Services & Investments is a full-service commercial real estate firm with offices in Austin, Dallas, Houston, and San Antonio. The company has more than 30 years of experience developing, managing, and investing in multifamily, self-storage, senior, office, and industrial real estate.
Davidson Bogel Real Estate (DB2RE) is a boutique land investment advisory group and brokerage firm headquartered in the Dallas-Fort Worth Metroplex. Founded by David Davidson, Jr. and Edward Bogel in 2015, the base principal of the company is exceptional client service with investment and development of land throughout Texas and Oklahoma as the focus. DB2RE concentrates on land acquisitions, dispositions, and investment sales for families, trusts, and developers of retail, multi-family, industrial/mixed-use, and single-family communities.
REAL ESTATE TECHNOLOGY
Bluerock Residential Growth REIT, Inc. | May 15, 2022
Bluerock Residential Growth REIT, Inc. announced that its Board of Directors has authorized and the Company has declared a monthly cash dividend on the Company's Series B Redeemable Preferred Stock (the Series B Preferred Stock) for the month of May 2022, equal to a quarterly rate of $15.00 per share (the Series B Preferred Dividends). In addition, the Board of Directors has authorized and the Company has declared a monthly cash dividend on the Company's Series T Redeemable Preferred Stock (the Series T Preferred Stock) for the month of May 2022, equal to a quarterly rate of $0.384375 per share (the Series T Preferred Dividends).
The Series B Preferred Dividends will be payable in cash as follows: $5.00 per share to be paid on Friday, June 3, 2022 to Series B Preferred stockholders of record as of Wednesday, May 25, 2022.
The Series T Preferred Dividends will be payable in cash as follows: $0.128125 per share to be paid on Friday, June 3, 2022 to Series T Preferred stockholders of record as of Wednesday, May 25, 2022. Shares of Series T Preferred Stock held for only a portion of the applicable monthly dividend period will receive a prorated Series T Preferred Dividend based on the actual number of days in the applicable dividend period during which each such share of Series T Preferred Stock was outstanding, as permitted under the Articles Supplementary to the Company's charter dated November 13, 2019.
About Bluerock Residential Growth REIT, Inc.
Bluerock Residential Growth REIT, Inc is a real estate investment trust that focuses on developing and acquiring a diversified portfolio of institutional-quality highly amenitized live/work/play apartment communities in demographically attractive knowledge economy growth markets to appeal to the renter by choice. The Company's objective is to generate value through off-market/relationship-based transactions and, at the asset level, through value-add improvements to properties and to operations. BRG has elected to be taxed as a real estate investment trust (REIT) for U.S. federal income tax purposes.
REAL ESTATE TECHNOLOGY,REAL ESTATE ADVICE
Offerpad | August 02, 2022
Offerpad, a leading tech-enabled platform for buying and selling residential real estate, today revealed a new mobile app that simplifies the home loan process to make it less time-consuming and overwhelming for borrowers. Digital tools designed for on-the-go efficiency, combined with the personal touch of Offerpad’s home loan and refinance experts, provide borrowers with a seamless journey to homeownership.
"We have financing solutions to help make buyers’ dreams of home ownership a reality. Whether you’re a first-time buyer or need to sell before you buy, Offerpad can help you get the home you want with financing solutions to fit your unique needs. With our new mobile app, we're taking the mortgage process from time-consuming to timesaving"
- Offerpad Vice President of Home Loans James J.R. Samsing.
Offerpad’s new mobile app removes complexity and friction from the home loan process to provide borrowers with valuable benefits:
Customizable and flexible loan application process
Navigate the application process from the mobile app, online portal or toggle back and forth for a flexible and frustration-free mortgage experience.
Easily access loan applications, complete tasks, securely scan, upload and e-sign documents, check on loan progress and communicate with an Offerpad loan officer – all from a single login.
Securely and quickly submit loan documents from any mobile device.
Fast and transparent pre-qualification and pre-approval
Access loan products, pricing scenarios, quotes and rates from anywhere.
Push notifications provide immediate transparency into loan progress, including pre-qualification or pre-approval status.
In-app notifications for critical requests and required tasks ensure faster loan processing.
Sell, buy and finance together to save thousands
Bundle to save up to $4,000 when combining Offerpad’s sell and buy solutions with financing from Offerpad Home Loans.
Borrowers can find a mortgage and keep the rate for up to 90 days for certainty and control while home shopping.
Offerpad’s mission is to deliver the best home buying and selling experience so you can spend less time ‘real estat-ing’ and more time living. From cash offers and flexible listing options to mortgages and buyer services, Offerpad has been helping homeowners since 2015. We pair our local expertise in residential real estate with proprietary technology to put you in control of the process and help find the right solution that fits your needs. Offerpad’s real estate solutions are available in 28 U.S. markets and more than 1,800 cities and towns across the country. Visit Offerpad.com for more information.