4+ day, 11+ hour ago   (242+ words) Propmodo Independence Realty Trust and Centerspace announced an all-stock merger valued at $8.1 billion that will combine their portfolios into a 44,354-unit multifamily REIT. The transaction is expected to close by the end of the fourth quarter. IRT will acquire Centerspace’s…...

4+ day, 11+ hour ago   (430+ words) Affordable Housing Leads Nashville’s Stadium District, Reversing Industry Norms Propmodo Nashville broke ground on Eastpoint Flats, a 323-unit affordable apartment complex, as the first building in a new 30-acre mixed-use district surrounding the $2.2 billion Nissan Stadium under construction. Boston-based developer…...

5+ day, 14+ hour ago   (585+ words) Propmodo Cerberus Capital Management sold its five year old net lease portfolio, Tenet Equity, to CBRE Investment Management for $1.6 billion on Monday. Tenet’s portfolio currently holds more than 200 properties totaling roughly 12 million square feet across 39 states, 26 industries, and over 65 tenants....

5+ day, 21+ hour ago   (312+ words) Downtown San Francisco’s Shuttered Megamall Tests Adaptive Reuse Limits Propmodo San Francisco Centre, a 1.5-million-square-foot downtown mall that generated more than $1,000 per square foot in sales before the pandemic, is back on the market with bids due this week. Brokers expect…...

2+ week, 22+ hour ago   (507+ words) Propmodo Property Reserve, the real estate investment arm of the Church of Jesus Christ of Latter-day Saints, is developing master-planned communities on land the church has held for decades in Colorado, Florida, Arizona and Texas. A Bloomberg review of property…...

3+ week, 3+ day ago   (805+ words) Propmodo The AI trend today is a conversational experience or an advanced co-pilot that suggests, drafts, and waits for you to hit send and that’s especially true in real estate and community management. That can come in the form of…...

3+ week, 6+ day ago   (1043+ words) propmodo.com Building systems have become an attractive target for people who want to cause damage. The devices that control HVAC, lighting, elevators, and access control were once physically isolated and functionally obscure, which made them uninteresting to attackers and…...