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Senior Housing

Commercial Real Estate, Development, Economics, Industry News, Multifamily, Real Estate Trends, Residential Real Estate, Retail Real Estate, Senior Housing, Student Housing, Urban Planning

Walkable Communities Increase Real Estate Values

This is a reposting of of a blog post by Shaun McElhatton from the CREtrends.com,  a blog about commercial real estate published by Leonard Street & Deinard.  They have many interesting postings about commercial real estate.  I would encourage you to check them out at www.cretrends.com.

A new Brookings Institution study suggests that walkability increases values for both for-sale and rental housing, as well as office and retail real estate.  The study concludes that office, residential, and retail rents, retail revenues, and for-sale residential home prices all increase faster in walkable communities than in communities where walking is more difficult.   The study also finds that rents and home values increase even more quickly in areas where walkable communities are clustered together to form walkable districts.  While the study is based on Washington, D.C. real estate rental and sales data, in a related New York Times editorial, one of the study’s authors argues that data from Seattle, Columbus and Denver support the study’s conclusions.

Affordable Housing, Commercial Real Estate, Development, Economics, Government Policy, Green Building, Real Estate Trends, Senior Housing, Student Housing, Urban Planning, UST Class Profile

The New Demographic (Hint: 10,000 Baby Boomers Retire Daily)

10,000 Retiring Baby Boomers every day.  Every Day, for the next 20 years.  Locally and nationally, even globally, this is our new demographic normal – an aging population with fewer and what baby boomers would have you believe, “less talented” workers to replace them.

United States birth rate (births per 1000 population). The red segment from 1946 to 1964 is the postwar baby boom.

Bigger than huge, this is a monumental generational shift that will affect numerous aspects of our lives – opportunities, obligations, and financials.  State Economist, Dr. Stinson, recently spoke on the new normal in his Economic Outlook, noting  “As a significant portion of our [Minnesota’s] population ages, there is not much in the way of labor force growth to replace these individuals.”

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Economics, Government Policy, Industrial Real Estate, Industry News, Multifamily, Property Management, Real Estate Trends, Retail Real Estate, Senior Housing

Treasury Instructs IRS to Increase Audits of Returns with Rental Real Estate Income

Property Owners: As If You Didn’t Have Enough Issues To Deal With Already.

Apparently, the Department of the Treasury feels that a significant number of real estate property owners have mis-reported rental income.  They, as a group, have been singled out for special attention by the IRS.  See the article below by Steven Katkov.  Steven is an adjunct instructor who teaches Real Estate Law at the University of St Thomas.  He is also the Senior Partner in the Katkov Law Group.

The Internal Revenue Service (IRS) should increase its examinations of personal tax returns that report losses from rental real estate activity, according to a new audit report released publicly today by the Treasury Inspector General for Tax Administration (TIGTA).

TIGTA’s report, “Actions are Needed in the Identification, Selection, and Examination of Individual Tax Returns with Rental Real Estate Activity,” was conducted because a Government Accountability Office report in August 2008 stated that at least 53 percent of individual taxpayers with rental real estate activity for Tax Year 2001 misreported their rental real estate activity, resulting in an estimated $12.4 billion of net misreported income. Continue Reading

Executive Insight Series, Multifamily, Property Management, Senior Housing, Uncategorized, Upcoming UST Events

Dominium to share Multifamily Insights on December 6th

dominiumlogoMark Moorhouse of Dominium, the Midwest’s premier owner and developer of affordable, luxury, and senior multifamily real estate will speak at the University of St. Thomas on Tuesday, December 6 at 5:45 p.m.  This is the last event for 2011 in the Real Estate Executive Insight Series.  This event is free and open to the public but please register here.

As senior vice president and project partner for Dominium, Mark Moorhouse is responsible for development and acquisition activity. Since joining the firm in 1996, Moorhouse has played an integral role in the financing of over $140 Million of apartments and has helped raise in excess of $40 Million in equity.

Development, Government Policy, Green Building, Multifamily, Real Estate Trends, Senior Housing, Uncategorized

73-Unit Public Housing Community for Seniors Generates 100% of Energy On-Site

Paisano Green Community in El Paso features rooftop solar PV electricity generation.

Paisano Green Community in El Paso features rooftop solar PV electricity generation.

The Paisano Green Community in El Paso, Texas, will open on Earth Day in 2012.  The nation’s first Net-Zero energy multifamily for-rent development project is funded by an $8.25 million grant from the American Recovery and Reinvestment Act (ARRA), along with $1.6 million from Housing Authority of Central El Paso and a $500,000 loan from the City of El Paso.

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