Apartment Complex Sales Boom
Totaling over $48 billion, sales of apartment properties were booming in the first half of the year, according to Real Capital Analytics. The numbers were skewed in part by a massive Archstone deal, but still impressive.
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American Dream on the Wane
Americans have always embraced the idea of homeownership - but that may be changing. In fact, homeownership - now hovering around 65.2 percent of all U.S. households - is back down to levels last seen in the mid-1990s. According to a Pew Research Center Survey, the most recent homeownership peak - driven by private subprime lending and ill-considered public policy - was an unsustainable 69.4 percent.
Read more about the repercussions of recession.
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Phoenix Ranks 5th in Job Growth
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California in Top Ten Hottest Markets
California
Housing continues to heat up around the country, with home prices rising by more than five percent between the second quarter of 2012 and the second quarter of 2013. According to data from realtor.com, the nation's top ten housing markets range from San Jose to Detroit, with Oakland ranking number one. Other California markets experiencing white-hot growth: Orange County, Los Angeles/Long Beach, San Jose, Santa Barbara and San Diego.
Read more about the nation's ten hottest markets for housing.
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Sunrise CEO Featured on Online Radio Show
Sunrise News
Our CEO, Joe Greenblatt was recently featured on the Commercial Real Estate Show, an online radio show, to discuss "Management That Adds Value" - addressing how asset and property management services are key to stabilizing and increasing property values.
Joe is the president-elect of the Institute of Real Estate Management (IREM), and other IREM officers also participated, sharing the latest tools, strategies and best practices to add value.
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Specializing in the management of residential real estate, Sunrise Management, AMO�, oversees a portfolio of 187 properties and 11,000 units throughout the West, primarily focusing on conventional housing, senior living, affordable housing and acquisitions.
Known for creating quality, profitable investments while providing top-notch customer service, Sunrise is a respected industry leader - and has delivered a comprehensive range of services for private and institutional clients since 1978. The company is headquartered in San Diego, with regional offices in Phoenix, Las Vegas and Sacramento.
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