Investment Property
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Moms 4 Housing property owner hit with $3.5 million settlement
The state has reached a $3.5 million settlement with corporate real estate investor Wedgewood, known for its stand-off with Oakland activists Moms 4 Housing. The agreement requires the southern California company to revamp its business practices, adhere to stringent state and local renter protections and submit regular compliance reports to the department of justice, Attorney General Rob Bonta announced Wednesday. About $2.75 million of the settlement will be paid to tenants unlawfully evicted by Wedgewood across the state. “As we battle this housing crisis of epic proportion, our housing laws, especially our tenant protections, have never been more vital,” Bonta said. “Unfortunately, even amid this crisis, there are some who pursue…
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JLL Income Property Trust Acquires 4-Building Suburban Atlanta Distribution Center | National News
CHICAGO, Dec. 7, 2021 /PRNewswire/ — JLL Income Property Trust, an institutionally managed daily NAV REIT (NASDAQ: ZIPTAX; ZIPTMX; ZIPIAX; ZIPIMX) with $5.5 billion in portfolio assets, today announced the acquisition of Friendship Distribution Center, a newly constructed, four-building industrial portfolio totaling nearly 650,000 square feet. The Class A properties are located in the Atlanta suburb of Buford, Georgia, home to the premier Northeast Atlanta industrial submarket. The purchase price was $95 million. “Friendship Distribution Center’s location in Atlanta’s Northeast submarket, high quality new construction and proximity to irreplaceable transportation infrastructure makes this an excellent portfolio fit for us as we continue to execute on our strategy of increasing our allocation…
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Northwestern Mutual: 5 Tips for Buying a First Investment Property
NEW YORK, Dec. 06, 2021 (GLOBE NEWSWIRE) — Real estate investing can be a smart financial move to diversify a financial portfolio. But buying a first investment property can be challenging, and there are many financial implications to consider beyond just how much the property will cost. That’s where these five tips for buying a first investment property come in to help make the process seamless. 1. Keep Your Debt Manageable It’s normal to take on debt when purchasing a first investment property, but new investors will want to make sure their existing debt is under control before making the commitment. Having too much outstanding debt can make it harder to qualify for a mortgage, and you don’t want to take on loans that you’ll…
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20 essential terms for commercial real estate investing | Multimedia
If you’re looking for a way to build a solid financial footing and passive income streams, most experts will tell you that a long-term asset allocation strategy is key. There are lots of different investment avenues you can take to build wealth or just add some stability to your finances but pouring all of your spare cash into the tumultuous stock market or cryptocurrency could be a risky proposition. After all, it’s not uncommon for these markets to take a nosedive on occasion, and when they do, they take your cash with them. That said, not all investments are so volatile. Some types of investments, like commercial real estate, can…
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Don’t be a rule breaker: IRA rental property guide
Real estate is one of the most popular investments to leverage within a Self-Directed IRA. It is a familiar asset if you own your own home or other type of property, it offers diversification from traditional investments, and the rental income and/or capital gains funnel in tax-deferred or tax- free depending on the type of account. While the general concept of investing in a rental property through a Self-Directed IRA may be similar to investing outside of a qualified account, there are a handful of rules enforced by the IRS that makes the management of this investment quite a bit different. This is because your retirement account is meant to…
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Five Questions To Ask Before Committing To An Investment Property
Dave Friedman is Co-Founder and CEO of Knox Financial, the smart and frictionless way to turn a home into an investment property. getty When people think about personal finance, topics related to spending, saving and investing often come to mind. A less-considered topic is how personal finances come into play when you’re considering buying an investment property. Whether you’re moving and plan to turn your old house into an investment property or you’re about to purchase your first investment property, here are five personal finance questions you should ask yourself: 1. What personal financial goals are tied to this property? If you’re about to commit to an investment property, it’s critical…
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