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JLT Reports Published for Manufactured Home Community Rent, Occupancy…

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rent and occupancy trends

June 2021 Datacomp publications of the JLT Market Reports for manufactured home community rent and occupancy are available now for immediate download.

“One of the states represented in the June publications of the JLT Market Reports shows occupancy has dipped slightly in all but one market. Manufactured home community lot rents increased across the board, including double-digit jumps in a pair of South Carolina markets.”

Datacomp has published the June 2021 JLT Reports for mobile home rent comps, occupancy, and other vital data from Iowa, Nebraska, South Carolina, and Virginia manufactured home communities.

JLT Market Reports provide detailed research and information on communities in 186 major housing markets throughout the United States. These include the latest rent trends and statistics, marketing programs and a variety of other useful management insights.

Datacomp publishes the JLT Market Reports and is the nation’s #1 provider of market data for the manufactured housing industry. JLT Market Reports are recognized as the industry standard for manufactured home community market analysis.

June 2021 manufactured housing market data published in JLT Market Reports for Iowa, Nebraska, South Carolina, and Virginia include information on 180 “All ages” and “55+” manufactured home communities.

Altogether, the reports from Iowa, Nebraska, South Carolina, and Virginia manufactured home communities include data representations for 32,990 homesites.

Regional Trends in Manufactured Housing Community Rent and Occupancy

  • Midwest region manufactured home communities show a year-over-year 1.2% increase in occupancy and a 4.2% increase in adjusted rents.
  • Northeast region manufactured home communities show a year-over-year 0.3% increase in occupancy and a 3.2% increase in adjusted rent.
  • South region manufactured home communities show a year-over-year 0.5% increase in occupancy and a 4.1% increase in adjusted rent.

“One of the states represented in the June publications of the JLT Market Reports shows occupancy has dipped slightly in all but one market,” Datacomp Co-President and Chief Business Development Officer Darren Krolewski said. “Manufactured home community lot rents increased across the board, including double-digit jumps in a pair of South Carolina markets.”

More About JLT Market Reports

Each JLT manufactured home community rent and occupancy report from Datacomp has detailed information about investment grade communities in the major markets. The detailed information includes:

  • Number of homesites
  • Occupancy rates
  • Average community rents, and increases
  • Community amenities
  • Vacant lots
  • Repossessed and inventory homes, and much more

JLT Market Reports also include management insights that rank communities by number of homesites, occupancy rates, and highest to lowest rents. Established reports show trends in each market with a comparison of June 2021 rents and occupancy rates to June 2020, as well as a historical recap of rents and occupancy from 1996 to the present date in most markets.

The June 2021 JLT Market Reports for manufactured home communities in Iowa, Nebraska, South Carolina, and Virginia are available for purchase and immediate download online at the Datacomp JLT Market Report website, or they may be ordered by phone in electronic or printed editions at (800) 588-5426.

Each fully updated report for mobile home communities is a comprehensive look at investment grade properties within a market, enabling owners and managers, lenders, appraisers, brokers, and other organizations to effectively benchmark those communities and make informed business decisions.

About JLT Market Reports

For more than 20 years, countless professionals have trusted JLT Market Reports for timely and accurate management reports on land lease manufactured home communities. JLT Market Reports are currently published for 186 markets nationwide and are recognized as the industry standard for manufactured housing industry data. In 2014, JLT & Associates merged its resources, skills, and expertise with Datacomp, the industry’s oldest and largest national mobile home appraisal company and number one provider of market data for the manufactured housing industry, and MHVillage, the premier website for advertising mobile homes for sale and rent nationwide and publisher of the MHInsider trade magazine for manufactured housing news. For more information, or to purchase complete JLT Market Reports, call (800) 588-5426 or visit http://www.datacompusa.com/JLT.

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Source: https://www.prweb.com/releases/jlt_reports_published_for_manufactured_home_community_rent_occupancy_in_iowa_neb_s_c_va/prweb17993194.htm

Real Estate

Meet Nickson, the furniture-as-a-service startup that Barack Obama’s ex-financial adviser just backed

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Ever toured an apartment and fall in love with the model unit?

You’re not alone. Harvard Business School grad Cameron Johnson is a former institutional real estate investor and Greystar exec turned startup founder that realized that very often, “renters would try to rent the model apartment.”

This got him thinking. People would love to rent a model apartment in a building, and no one likes to move. This spelled opportunity in Johnson’s mind.

So in 2017, he came up with the idea of Nickson, a Dallas-based startup that fully furnishes apartments on demand.

Image Credits: CEO and founder Cameron Johnson / Nickson

“I thought ‘What if you gave people the ability to simply rent the model, or the ability to add everything in their space needs with a few clicks, similar to how a cable modem comes to your house ’ ” CEO Johnson said. “I wondered, ‘Why can’t we do that for everything else?’ ”

But Nickson doesn’t just provide furniture such as beds and sofas, it delivers all the essentials too — from extension cords to pots and pans to silverware to curtain rods. By partnering with a variety of retailers, the startup claims that it allows users “to make their new spaces move-in ready in as little as 3 hours.” 

Users take a style quiz and share apartment layout details. Nickson’s designers create an initial layout based on the dimensions of an apartment, desired functions (such as work from home) and the volume of furnishings based on a person’s lifestyle. Once the layout is complete, Nickson creates a custom design, including all furnishings and home goods. 

Upon signing up, users pay a one-time installation fee for the furniture-as-a-service offering, and then a monthly subscription charge for the duration of a lease — starting at $199 a month for a studio to $500 a month for a 3 bedroom apartment. The startup also offers concierge services such as a household supply starter kit and maid service, as an add-on to its flat monthly subscription.

Nickson is currently only live in the Dallas market, but plans to expand into other cities over the next 12 months, including expanding its beta tests in Austin and Houston. And it’s just raised a $12 million Series A to help it advance on that goal. 

A fund managed by Pendulum Opportunities LLC, a wholly owned subsidiary of Pendulum Holdings LLC, led the Series A round, which also included participation from Motley Fool Ventures, Revolution’s Rise of the Rest and Backstage Capital. 

The COVID-19 pandemic has disrupted the global supply chain, leading to delivery delays for consumers. Nickson has purchased items over time that it stores as local inventory, making it even more attractive to renters who don’t want to deal with delays and hunting down furniture and essentials, Johnson said. The convenience Nickson offers led to its user base growing 700% in 2020 compared to the year prior, he added.

Robbie Robinson, co-founder and CEO of Pendulum, said his firm was drawn to invest in Nickson due to a combination of Johnson’s “vision, secular shifts toward renting and subscription consumption and the company’s disruptive business model.” (Robinson is President Barack Obama’s former financial adviser, and recently founded Pendulum to invest $250 million in founding startups of color).

Kabir Ahmed, vice president at Pendulum, added that he believes Nickson’s model is superior to the concept of renting one-off furniture pieces in that it offers an “end-to-end, turnkey solution.”

This seamless experience is highly differentiated and offers a compelling value proposition for the consumer,” he said.

Of course, Nickson is not the only company attempting to turn the stodgy furniture rental industry on its head. Other startups offering similar services as Nickson include Oliver Space, Fernish and The Landing.

But Nickson claims that it stands out from the competition in that it “takes care of everything” beyond furniture (including artwork and toilet wand brushes) and that it can curate space and bring it all in before a renter even shows up.

“No other competitor in this space offers this level of service, detail or turnaround,” Johnson says. “You can literally arrive at your new home with a suitcase and toothbrush, and it’s ready to ‘live in.’”

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://techcrunch.com/2021/06/15/nickson-raises-12m/

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Real Estate

Meet Nickson, the furniture-as-a-service startup that Barack Obama’s ex-financial adviser just backed

Published

on

Ever toured an apartment and fall in love with the model unit?

You’re not alone. Harvard Business School grad Cameron Johnson is a former institutional real estate investor and Greystar exec turned startup founder that realized that very often, “renters would try to rent the model apartment.”

This got him thinking. People would love to rent a model apartment in a building, and no one likes to move. This spelled opportunity in Johnson’s mind.

So in 2017, he came up with the idea of Nickson, a Dallas-based startup that fully furnishes apartments on demand.

Image Credits: CEO and founder Cameron Johnson / Nickson

“I thought ‘What if you gave people the ability to simply rent the model, or the ability to add everything in their space needs with a few clicks, similar to how a cable modem comes to your house ’ ” CEO Johnson said. “I wondered, ‘Why can’t we do that for everything else?’ ”

But Nickson doesn’t just provide furniture such as beds and sofas, it delivers all the essentials too — from extension cords to pots and pans to silverware to curtain rods. By partnering with a variety of retailers, the startup claims that it allows users “to make their new spaces move-in ready in as little as 3 hours.” 

Users take a style quiz and share apartment layout details. Nickson’s designers create an initial layout based on the dimensions of an apartment, desired functions (such as work from home) and the volume of furnishings based on a person’s lifestyle. Once the layout is complete, Nickson creates a custom design, including all furnishings and home goods. 

Upon signing up, users pay a one-time installation fee for the furniture-as-a-service offering, and then a monthly subscription charge for the duration of a lease — starting at $199 a month for a studio to $500 a month for a 3 bedroom apartment. The startup also offers concierge services such as a household supply starter kit and maid service, as an add-on to its flat monthly subscription.

Nickson is currently only live in the Dallas market, but plans to expand into other cities over the next 12 months, including expanding its beta tests in Austin and Houston. And it’s just raised a $12 million Series A to help it advance on that goal. 

A fund managed by Pendulum Opportunities LLC, a wholly owned subsidiary of Pendulum Holdings LLC, led the Series A round, which also included participation from Motley Fool Ventures, Revolution’s Rise of the Rest and Backstage Capital. 

The COVID-19 pandemic has disrupted the global supply chain, leading to delivery delays for consumers. Nickson has purchased items over time that it stores as local inventory, making it even more attractive to renters who don’t want to deal with delays and hunting down furniture and essentials, Johnson said. The convenience Nickson offers led to its user base growing 700% in 2020 compared to the year prior, he added.

Robbie Robinson, co-founder and CEO of Pendulum, said his firm was drawn to invest in Nickson due to a combination of Johnson’s “vision, secular shifts toward renting and subscription consumption and the company’s disruptive business model.” (Robinson is President Barack Obama’s former financial adviser, and recently founded Pendulum to invest $250 million in founding startups of color).

Kabir Ahmed, vice president at Pendulum, added that he believes Nickson’s model is superior to the concept of renting one-off furniture pieces in that it offers an “end-to-end, turnkey solution.”

This seamless experience is highly differentiated and offers a compelling value proposition for the consumer,” he said.

Of course, Nickson is not the only company attempting to turn the stodgy furniture rental industry on its head. Other startups offering similar services as Nickson include Oliver Space, Fernish and The Landing.

But Nickson claims that it stands out from the competition in that it “takes care of everything” beyond furniture (including artwork and toilet wand brushes) and that it can curate space and bring it all in before a renter even shows up.

“No other competitor in this space offers this level of service, detail or turnaround,” Johnson says. “You can literally arrive at your new home with a suitcase and toothbrush, and it’s ready to ‘live in.’”

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://techcrunch.com/2021/06/15/nickson-raises-12m/

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Blockchain

Real Estate Company E11EVEN Co-founder Says Enthusiasm for Crypto Deposits “Astounding”

LocalEthereum Renames to LocalCryptos; Introduces Bitcoin and other Digital Currency Support

LocalEthereum Renames to LocalCryptos; Introduces Bitcoin and other Digital Currency SupportMiami-based real estate company E11EVEN Hotel and Residences said that it was the first in the industry to allow cryptocurrency deposits for its condominiums. E11EVEN Claims to Be a Trailblazer  According to Fox Business on Monday (June 14, 2021), the co-founder of the real estate company, Marc Roberts, said that there was an increased interest

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Miami-based real estate company E11EVEN Hotel and Residences said that it was the first in the industry to allow cryptocurrency deposits for its condominiums.

E11EVEN Claims to Be a Trailblazer 

According to Fox Business on Monday (June 14, 2021), the co-founder of the real estate company, Marc Roberts, said that there was an increased interest in cryptocurrency following the recently concluded Bitcoin Conference in Miami. The conference attracted an estimated 50,000 participants. 

Marc noted that the company was the first in the real estate industry to accept deposits in crypto, adding that the firm received “tremendous response” regarding its crypto adoption. Also, E11EVEN already got 10 percent of crypto deposits prior to making an official announcement and was preparing to receive another 10-15 percent deposit in crypto. 

Despite the volatility associated with crypto, Marc said that the younger generation seems not to be disturbed by the price swings. According to the company’s co-founder, “all they want to do is pay in crypto,” adding: 

I don’t think that this is something that’s going to stop. I think the momentum is too strong and like anything else, we’re trying to be pioneers, to be [at] the forefront of what’s coming next and I just think the people that don’t embrace it, study it, learn it, are going to be left in the dust on cryptocurrencies.”

Although the company did not state the exact crypto assets it was accepting as deposits, Roberts noted that adopting cryptocurrency could be one of the company’s best decisions. When asked if E11EVEN will liquidate the crypto received, Roberts said 

“It’s all so new and we’re studying and we’re trying to embrace the movement. We’re dealing with a legal counsel, we’re dealing with our accountants and we’re having a lot of meetings and we’ll have a real solid game plan by the time we take our second deposits.”

Cryptocurrency Adoption in Real Estate Industry 

There continues to be an increased adoption of cryptocurrency in the real estate industry. Earlier in June, French DJ and music producer David Guetta said that he would accept bitcoin and ether for the sale of his three-bedroom condominium on Miami Beach. 

Still in June, an anonymous buyer paid over $20 million worth of crypto for a penthouse in Miami Beach, making it the most expensive real estate transaction involving crypto. Back in April, U.S. real estate firm Caruso Properties announced that tenants can pay their rent in bitcoin. 

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Source: https://btcmanager.com/real-estate-e11even-crypto-deposits-condos/

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Blockchain

Miami real estate firm accepts crypto deposits for condos after conference

Driven by momentum from the Miami Bitcoin event, luxury condo development E11EVEN Hotel and Residences has already secured its first crypto deposit.

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Miami-based E11EVEN Hotel and Residences is claiming to be the first real estate company to allow deposits for property purchases in the form of cryptocurrency.

Speaking to Fox Business, company and condominium project co-founder, Marc Roberts, stated the enthusiasm for crypto has been “really astounding”.

Roberts noted that local interest in crypto assets had piqued amid the recent Bitcoin Miami conference — which took place earlier this month and drew crowds of approximately 50,000 according to its organizers.

He noted there has been a “tremendous response” to E11EVEN’s announced support for crypto, adding it had already collected its first deposit in crypto before officially announcing it would accept digital assets.

Roberts added that E11EVEN is now roughly one month away from collecting its second crypto deposit, predicting the down payment will be worth between 10% and 15% of the property’s sale price.

The company offers plush high-rise residences in Miami’s Park West district. Prices for the lavish units start at $377,400, according to real estate agent Miami Residential. The 65 story condominium has 375 units, with the penthouse expecting to fetch as much as $10 million.

Roberts described supporting crypto as one the firm’s “greatest decisions,” warning: “those that don’t embrace [crypto] will be left behind:”

“I think the whole movement is trending towards more buyers paying in crypto and we are very excited to be the first people to take cryptocurrency for deposits on real estate.”

Related: DJ David Guetta puts luxury Miami pad up for sale, will accept 380 Bitcoin for it

The real estate mogul acknowledged the volatile nature of digital assets, but was confident that the younger generation is unperturbed by price fluctuations and have already embraced digital assets.

When asked if he immediately liquidates crypto deposits to eliminate the volatility, Roberts offered little clarity, stating: “It’s all so new and we’re studying and we’re trying to embrace the movement.”

In mid-May, Cointelegraph reported that investors could buy luxury apartments in Portugal using Dogecoin among other digital assets.

Also in May, it was reported that Miami’s Arte Surfside luxury apartments, home to Ivanka Trump, were accepting payment for real estate in multiple cryptocurrencies including Bitcoin and Ethereum.

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://cointelegraph.com/news/miami-real-estate-firm-accepts-crypto-deposits-for-condos-after-conference

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