A wide gap has opened between the prices investors are paying for multi-family properties and the valuations that REIT-stock buyers are putting on the sector. Since the coronavirus pandemic shook up the U.S. economy in March, share values in the public markets have reflected a gloomy view of asset values. Meanwhile, while property transactions have…
News
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Real Estate Alert – Prices for Apartments, REIT Stocks Diverge
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Inequality and Our Company
As inequality and racism are prevalent in our nation, they are contrary to our vision to provide Better Homes for Better Lives. As a proud minority-owned company, we champion diversity, inclusivity, and equality. We continue our commitment to care, to be bold, and to be teachable by contributing to real change as we listen, learn,…
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Multifamily Acquisitions During a Pandemic
COVID-19 has forced a lot of changes on how the world operates and Casoro Group continues to adapt. During this recessionary environment, it is the perfect time to implement the company’s “buy low” tactic of the “buy low, sell high” strategy. GlobeSt.com reports that coronavirus has moved more multifamily deals off-market. One industry professional reasoned…
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Casoro Group Names Jon Mendoza as Vice President of Acquisitions
Casoro Group has named Jon Mendoza as Vice President of Acquisitions for the firm. Mendoza will play a crucial role on identifying opportunities in the United States sunbelt region that will help the firm reach its goal of 20,000 units by the end of 2022. Earlier in April, Casoro Group announced their most recent acquisition…
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Multifamily Investing during COVID-19
How is multifamily investing affected by COVID-19? A survey done by Institutional Property Advisors (IPA) reveals that nearly two-thirds of respondents said firms expect only a slight decrease in multifamily rents of the next six months and almost 41 percent anticipate vacancy rates will stay the same or decline. These numbers may be shocking or…
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Why Finance Can’t Afford a Dearth of Female Leadership
Companies say they are highly committed to gender diversity, but how is that bearing out? According to the comprehensive 2019 Women in the Workplace study, the percentage of women working at the senior levels has increased slightly but companies need to focus their efforts earlier in the pipeline to make real progress. The study identified…
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Casoro Group Adds 1,070 Units to Multifamily Portfolio
Casoro Group announced a new partnership with Civitas Capital Group to acquire a 1,070 unit portfolio in the Dallas/Fort Worth market. The transaction, which closed on February 28, 2020 will include renovations to Vistas at Pinnacle Park and Mariposa Villas located in Dallas, River Oaks located in Wylie, Savoy of Garland located in Garland, and…
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Best Practices to Success – A Post-NMHC Reflection
With the 2020 National Multihousing Council’s annual meeting behind us, it has allowed me to reflect on a number of things that could help us succeed. In a keynote address, Caren Majo, CEO of Nestio spoke about our communication methods with residents and prospects and how it requires adapting. “A lot of work we’re doing…
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Melissa Oliver Named President of CLEAR Property Management
Casoro Group, an award-winning multifamily-focused real estate investment firm with a mission to provide better homes for better lives, has named Melissa Oliver as President of CLEAR Property Management, and Tom Parker as Director of Investor Relations for Upside Avenue, both subsidiaries of Casoro Group. At a recent State of the Union held in Casoro’s…
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REBusiness Online – Casoro Group Buys The Jax Apartment Community in San Antonio
SAN ANTONIO — Casoro Group, an Austin-based investment firm formerly known as The PPA Group, has purchased The Jax in San Antonio. The recently upgraded, 322-unit apartment community is located at 12222 Vance Jackson Road on the city’s northwest side. The purchase price was not disclosed, but Austin Business Journal reports the property traded for $90 million….
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