The Bibb County apartment market continued to be active in 2008, albeit considerably slower than 2007. The capital crunch caused lenders to adopt more stringent lending standards or stop completely making loans. The loan to value dropped to 75-80% and actual NOI was used to arrive at the value. The demand for apartment complexes, especially…
Warner Robins and the surrounding areas are full of things to do from shopping to museums, to hiking trails, there is something for everyone! Whether you’re looking for a peaceful retreat or an exciting night out you will be sure to find it here. If you are looking to move to the area or any…
There were no significant changes relating to the industrial real estate inventory during the first quarter of 2007. The vacancies in the market remain stable at about 4,000,000 square feet with a 75% occupancy rate. Again, this vacancy was mainly attributed to large blocks of industrial space such as the 2,000,000 square foot Brown &…
Fickling & Company’s Multi-Family Division is pleased to announce that we have recently added two new third-party managed accounts to our apartment portfolio. When stepping in to a new management role, Fickling & Co., Inc. recognizes that accomplishing our mission requires the enthusiastic commitment of our most valuable resource – our employees. Tips for…
The National Multi-family Market was stronger in 2006 than it has been in the past few years. Owners were able to increase rates while decreasing the amount of concessions given to new tenants. Occupancy rates in many markets, increased as the supply of apartments were constrained due to the conversion of apartments into condominiums. Also,…
Fickling & Co., Inc. is pleased to announce our newest multifamily acquisition, Fieldstone Apartments. Fieldstone is located in Mebane, North Carolina, a second-tier market centrally located between Raleigh/Durham and Greensboro, North Carolina. Fickling and its joint venture partner out of New York closed on the property on June 19, 2007. Fieldstone, our new community, consists…
Fickling & Company’s Multifamily Division had an outstanding 2007. Total Revenue increased by an average of 9% over 2006 operating results. Overall occupancy increased by an average of 5%. Our success was largely due to hiring and training highly professional and knowledgeable employees, effectively raising rents as availability dictated, closely monitoring expenses, maintaining a strong…
Work has progressed well on our retail developments MarketPlace at Bass, Lullwater Village and Lullwater East here in Macon. At MarketPlace, the new McDonalds has opened and, judging from the crowds we are seeing there, is doing a great business at the corner of Bass Road and Bass Pro Blvd. We have heard many compliments…
When I think of Peach County Georgia, I think of lazy hot summers, cold lemonade, front porch swings, and of course, peach cobbler. But Peach County, with all of its Southern Charm, is also a thriving community. From Fort Valley to Byron, Peach County is changing and growing. Peach County’s Chamber of Commerce and the…
There are lots of ways to maximize what you earn on a multi-family unit or an entire portfolio of multi-family properties.
