Author’s Archive: Kimberly Wilson

Home / Kimberly Wilson
109 Posts

Pure Industrial Real Estate Trust (TSX: AAR.UN) (“PIRET), an unincorporated, open-ended investment trust headquartered in Vancouver, BC, struck a deal with Boston-based STAG Industrial Management (NYSE: STAG) to acquire six warehouse/distribution centers totaling nearly 1.6 million square feet across the Atlanta, GA and Charlotte, NC markets for $81 million ($106 million CAN), or approximately $52 per square foot ($68 CAN). The six properties are…

Atlanta-based Preferred Apartment Communities, Inc. (NYSE: APTS) (“PAC”) late last week acquired and has rezoned Galleria 75 in Atlanta where the firm can elect to develop a mixed-use project able to accommodate up to 600 units. Currently home to 110,000-square-foot office building, the seven-acre site at 3200 Cobb Galleria Pky. SE is located minutes from the I-75/I-285 interchange as well as Cumberland Mall and Cobb Galleria Centre in northwest…

Not to be outdone by MLB’s announcement last week of a 400,000-square-foot lease at 1271 Sixth, the National Basketball Association (NBA) has signed a 175,000-square-foot lease extension through 2035 at 645 Fifth Ave. in New York City. Olympic Tower is a 21-story, 419,000-square-foot, 4-Star office and residential tower built owned by Oxford Properties Group, the real es

Miami, FL-based Banyan Street Capital and Oaktree Capital Management out of Los Angeles have secured a landmark office tower in downtown Atlanta with the long-standing venture’s purchase of 191 Peachtree from Cousins Properties (NYSE: CUZ) for $268 million, or approximately $220 per square foot. Cousins paid $153 million back in 2006 for the 50-story, 1.2 million-square-foot 191 Peachtree tower, which delivered in 1991 at 191 Peachtree St. NE…

John Barton has joined HFF as a managing director in the firm’s Atlanta office. Working alongside managing director Ralph Smalley and associate director Kelly Kuykendall, Barton will work to expand HFF’s office investment sales practice throughout Atlanta and the Southeastern U.S. Barton joins HFF after having spent the last 16 years with Parkway Properties most recently as a senior vice president and managing director. During his time with Parkway…

If you are interested in investing, you should aim for getting the highest returns. A lot of people through the years come to know that investing in real estate can make them a lot of money. The suggestions offered here will allow you to choose a property that offers a positive return on your investment.

Before you jump into real-estate investment, educate yourself. This will help you build your foundation of knowledge. Watch videos, get books from the library and search the Internet for all you can about investing in real estate to better your position.

Remember that reputation is key in this realm of business. Be impeccable with your word, and build a reputation for being trustworthy. This gives you credibility with clients and helps you gain their loyalty.

Make sure you pick a comfortable niche. It is better to find a groove with your investments if you focus on a single segment of the market. Work with a niche you are familiar with, whether you are trying to flip houses, purchase starter home or buy properties that require low down payments.

Make sure that you devote a lot of time to your investment. Dealing with your tenants can be very time consuming. Before it becomes overwhelming, it can be a smart choice to get the help of a company who can handle property management for you.

Stick with what you’re comfortable doing. If you specialize in one area, it will be easier to be successful. Going with what you know will increase your odds for success.

Do not buy properties that are located in bad or run-down areas. Pay close attention to where a property you are interested in is located. Always conduct thorough research. An unusually good deal could mean the property is in a less than desirable area. The property could be at risk for being vandalized, and may be hard to sell.

When you are buying real estate investment properties, have someone who is handy at fixing things to help you out. If you don’t, you’ll end up spending a fortune on various home repair specialists. A great handyman will always be available for you, even during an emergency.

Reach the government of the city before investing in real estate there. The city is likely to have an official website online. You can discover information about city planning that might impact real estate values in the future. If the city is growing, it’s a good place to invest.

Prior to investing in a property, learn about the area. The location as well as zoning laws is essential to success. Talk to as many neighbors as you can so you can get a feel for the neighborhood and if it will be possible to rent it quickly.

Think about employing a professional property manager. While you will have to spend some profit on doing this, it will be worth it most of the time. A good property management business screens your prospective renters and even handles repair issues. This gives you more time to concentrate on finding other properties in which to invest.

Location means everything when you are going to be a real estate investor. If the property location is great, but the home is not, it is still worth more than a nice home in a bad neighborhood. Think about the area you are choosing to invest in and how it might be in the future.

One of the biggest mistakes real estate investors make is believing they should buy a bunch of property to build their personal assets. This is a habit among novice investors in real estate, but you’ll learn that having more isn’t exactly better. You have a better chance at investment success when you focus on making the most out of fewer investment properties. This will help you to succeed in the long run.

Don’t invest your money into a property that’s not affordable. Make sure any rental property you own is making enough to meet the mortgage and maintain it, even when there are vacancies. If you depend just on your income from rentals to pay the mortgage it’s not really that smart to do.

Real estate investors go through both success and failures. It is crucial that you don’t let any lows make you give up. If you stick to it, you are likely to achieve success. Be persistent in your real estate studies, try new ideas, when possible and you will succeed.

Make certain that you can afford the mortgage on any property you purchase. If the property you purchase is going to be rented out, you have to be able to still afford the monthly mortgage payments no matter whether or not you have tenants. It’s not smart to assume your rental income will fully cover the mortgage payment.

You may not make big bucks immediately. You must ensure you’ve got some money. You have to be employed when you start. There may be expenses that you have not planned for. You may lose a significant amount of money if you are not financially prepared.

Pay attention to price of properties, and never put down money on something you know is unaffordable. If you’re renting out your property, you have to be able to pay your mortgage, even if you have a few empty units. Using your income from a rental just for the mortgage is usually a bad idea.

Learning about real estate will cost you something at some point. You can spend money on courses and/or time on independent research. Orl you could chance having to learn from a costly mistake in the future. It’s vital that you take the time to learn all that you can so that you won’t make mistakes.

It is important to run a credit and background check on each potential tenant. Tenants who are not trustworthy can damage your property and decrease your property value. Although a background check does not guarantee anything, it can definitely better your odds when trying to find a quality tenant.

Know the marketplace’s lingo. You should have good idea what you are talking about at all times. If you come across as someone new to the business, the seller might try to take advantage of you. You want to use your lingo and your knowledge to your advantage. If you sound professional, negotiations become easier.

It’s smart to do your research first before you begin investing. After all, you need to ensure that you are making wise decisions and you don’t invest in properties that are bound to be failures. Move forward step by step and keep your strategies fresh if you wish to succeed.

Betting that rents and home prices will continue to rise, New York-based real-estate investment firm Pretium Partners LLC is raising $1 billion to fund its third push into buying single-family homes. In addition, last week the group also was a successful bidder on two non-performing home loan portfolios sold by Freddie Mac. SFR The new fundraising effort will be Pretium’s third single-family rental fund. The group has about $3.7 billion of…

Union Investment, an international investment company based in Hamburg, Germany, has selected Houston-based PM Realty Group (PMRG) to provide management services for the company’s recently acquired Ten 10th St. office property in Midtown Atlanta. Union Investment plans to extensively renovate the lobby and common areas of the 14-story, 421,417-square-foot, Class A building the company acquired this past August for $150.5 million. PMRG’s Bill…

Allergan, a global pharmaceutical company, has signed a 13-year, full-building lease totaling 431,495 square feet of class A office space at 5 Giralda Farms in Madison, NJ. Allergan will be closing their Parsippany, Bridgewater and Jersey City locations, consolidating more than 1,800 employees in a single location. The 5G building was constructed in 1992 and was previously occupied by Pfizer’s animal health subsidiary Zoetis, Inc. Lakestar…

Proposed rendering forMorgan Business Center.Click image to view larger.The Atlanta office of Duke Realty Corporation (NYSE: DRE) has executed a long-term lease for a 1,435,750-square-foot, build-to-suit distrib