RealtyTrac Ranks Best Bargain Beach Towns for Summer 2016

  

Daren Blomquist

IRVINE, CA -- RealtyTrac® (www.realtytrac.com) the nation’s leading source for comprehensive housing data, released a special report ranking the best bargain beach towns for summer 2016 based on median home prices, average summer temperatures, air quality and density of registered criminal offenders.

For the report RealtyTrac analyzed more than 1,400 cities in coastal counties as defined by the U.S. Census Bureau. The list was narrowed all the way down to the top ranking bargain beach town in each of the 15 states with a city matching the final criteria for a bargain beach town.

“Buying a second home or investment property in a beach town can help families save on summer vacations for years to come and also potentially generate vacation rental income,” said Daren Blomquist, senior vice president at RealtyTrac.

“While real estate close to the ocean tends to be pricier, bargains are still available particularly smaller towns off the beaten path where home prices have been slower to bounce back from the housing downturn.

“ We picked the highest-ranked bargain beach town from each state to provide a good sampling of the diverse beach town experiences available across the country.”

For a complete copy of the company’s news release, please contact:

Jennifer von Pohlmann

949.502.8300, ext. 139

jennifer.vonpohlmann@realtytrac.com

Real Estate Capital Institute Reports Hot Summer for Debt and Equity Markets

Jeanne Peck

CHICAGO, IL  -The summer remains hot for the real estate

debt and equity markets, despite some cooling on the coasts. Even as prices

have peaked in some of the major primary markets, much of the country still

on track with record sales and financing volumes. Low rates, lack of quality

investment opportunities and overall strong cash flow performances keep

investors in the game at a frenzied pace.

After the surprising results of Brexit plunged rates to record-low territory

late last month, the Fed may abandon any efforts to raise rates and even

lower rates.  Even as the British European Union issues subside, overall

global malaise should continue to keep yields low with foreign investors

flocking to US treasuries for safety.

Persistently low interest rates assure that capitalization rates will also

remain low, translating to peak pricing with less attractive yields.

However, some markets are starting to see pricing levels stabilize, as

investors find minimal yield differences between various property sectors.

For instance in the case various types of "bed" properties, student housing,

senior facilities and traditional multifamily assets trade at much tighter

yield spreads than in the past. Any type of institutional quality

investments, longer-term internal rate of return benchmarks are in the

middle to higher single-digit range for core properties.

Will real estate investors flock to other more profitable investment

categories?  More opportunistic investments are advertising yields in the

lower to middle teens, also at historical lows, but not low enough to

discourage investing.  In other words, real estate yield risks are still

perceived to be lower in comparison to alternative stock market investments,

since deals are backed by "real" assets.

Now more than ever, borrowers are ambivalent to fixed-versus-floating-rate

debt. Overall mortgage rates dipped below 3% for shorter-term debt of five

years or less; longer-term fixed-rate debt is priced in the higher 3% to

lower 4% range. Due to a variety of factors relating to risk aversion and

regulatory concerns, many lenders favor "safety versus yield philosophy,"

offering lower rates as opposed to higher leverage (e.g. more than 65%

loan-to-value).

Jeanne Peck of the Real Estate Capital Institute(r) suggests, "Lenders are

accustomed to providing lower leveraged loans."  She adds "Just the same,

investors are becoming accustomed to keeping more cash in properties since

fewer other yield opportunities exist and prices stay at peak thresholds."

For a complete copy of the company’s news release, please contact:

Jeanne Peck

Executive Director 

director@reci.com

www.reci.com

Blue Atlantic Partners Buys Two Luxury Properties in Georgia

Greg Ward

ATLANTA, GA – Atlantic | Pacific Companies (A|P) and Blue Arch Advisors, via their fund, Blue Atlantic Partners, have purchased two properties in Georgia: Rock Creek at Vinings and Rock Creek at Ashford.

The purchase marks A|P’s 17th acquisition in the metro-Atlanta area, bringing the size of their portfolio in Atlanta to approximately 4,500 units.

Greg Ward, Chief Investment Officer of the fund, remarked “We are excited to add these properties to our growing Atlanta portfolio.  

"They represent a continuation of our strategy to acquire assets in locations with strong demographics and high barriers to entry.  We plan to implement an extensive interior and exterior renovation program across the properties.”

Rock Creek at Vinings, located in Smyrna, which is historically one of the fastest growing cities in Georgia, sits on 33 acres on the northwest side of Atlanta Road SE.  The property has 403 units consisting of one, two and three bedrooms. Rock Creek at Ashford is located on 13 acres in the city of Brookhaven, GA and consists of studio, one and two bedroom units. The community features a dog park, resident garden, BBQ grills areas, and gated entry.

 For more information about A|P and its array of real estate services including development, property management, affordable housing, and construction, visit www.apcompanies.com  or call (800) 918–1145. Follow A|P on Facebook (@AtlanticPacificCompanies), Instagram (@APCompanies) and Twitter (@APCompanies).

For a complete copy of the company’s news release, please contact:

Jessica Wade Pfeffer | jessica@jessicawadeinc.com | Jessica Wade Inc. | 7100 Biscayne Blvd | Miami, FL - Florida 33138