Bradley Ransome reports on the latest real estate investing news
Bradley Ransome is a real estate market news contributor and the CEO of Hatteras Holdings in North Carolina. In the article below, Brad Ransome reports on the latest news from the commercial and residential real estate industry.
The stock market may be up and down and inflation is rising as fast as the price of gas, but one thing remains: investing in real estate remains a very safe financial bet.
Take, for example, GoBankingRates’ recent intriguing list of seven most unexpected places to invest in real estate. Yes, many are still investing in real estate in large areas like major cities in the South and Southwest that are experiencing large population increases, but Bradley Ransome reports that other lesser-known cities could be just as lucrative.
Brad Ransome says Boise, Idaho was one of the top real estate cities last year, and now GoBankingRates is also reporting Meridian, Idaho. Population growth of nearly 6%, along with a 24% increase in home prices and a median home sale price of $537,445 made Meridian a standout. Plus, it was recently rated one of the top 10 places to live in America.
Bradley Ransome Explains Other “unexpected” real estate investment cities on the list: St. Augustine, Florida; Akron, Ohio; Lakeland, Florida; Birmingham, Alabama; Stockton, California; and Springfield, Massachusetts.
Oh, and Springfield? House prices have risen 59.5% over the past year. Brad Ransome Says Call Your Investment Broker!
Or you can watch outside of the US…
If you want to try your hand at real estate investing outside of Idaho and Florida, Live and Invest Overseas has announced its annual picks for the best places in the world to consider putting your real estate money into.
The company considered factors such as untapped markets, good financing terms and exchange rate discounts to determine this year’s list. The list includes Panama, Colombia, Brazil, Montenegro, Morocco and the Philippines according to Bradley Ransome.
Investors picked up a record number of homes last year
Brad Ransome reports that a look at 40 of the most populous metropolitan areas in the United States shows unprecedented investor activity in real estate, especially in black neighborhoods and cities in the South.
According to Redfin, nearly one in seven homes sold in 2021 in major U.S. metropolitan areas was purchased by investments. This is the highest number of houses for at least 20 years.
Neighborhoods with a majority of black residents are also heavily targeted, in 2021 30% of home sales in these neighborhoods were made to investors. In other postcodes, this figure is only 12%.
Bradley Ransome says the metro areas with the highest share of homes bought by investors in 2021 are Atlanta (25%), Charlotte (25%) and Miami (24%). Investors were particularly active in the final months of the year, buying 15% of all homes in 40 major metropolitan markets.
Blackstone buys preferred apartment communities
Brad Ransome reports that in a deal worth $5.8 billion, Blackstone Real Estate Income Trust is buying Preferred Apartment Communities Inc as part of its plan to increase housing investment in the United States. United.
Blackstone is the world’s largest alternative asset manager, and the deal is an all-cash $25 per share deal. Shares of both companies surged after the deal was announced. Taking advantage of high house prices and very low interest rates, Blackstone spent $6 billion on Home Partners of America last year.
BREIT’s investments include hotels, retail, office, industrial and residential space. Preferred Apartment Communities primarily owns and operates multi-family rental properties, but also holds investments in malls anchored by grocery stores. The transaction is expected to close in the second quarter of the year.
AvantStay Secures Significant Financial Backing in New Asset Holding Company
Bradley Ransome reports that short-term rental operator AvantStay has closed a funding round worth $500 million start a company to hold his real estate investments.
The fund is backed by property consultancy group Saluda Grade and will go entirely to buying residential properties, likely luxury homes. AvantStay will manage the ownership of its investments while Saluda Grade will own the properties.
AvantStay was originally launched as a vacation rental booking service and now manages over 1,000 rental accommodations in nearly 100 cities across America and Cabo San Lucas, Mexico.
But where will Mickey live?
Brad Ransome reports that The Walt Disney Company is investing heavily in real estate across the United States, even if it’s not the land to create new theme parks.
The company recently announced that it will work with real estate developers to design Disney-branded residential communities. The first Disney-designed development will be a 1,900-home community in Rancho Mirage, California that will include a beachfront hotel and retail along a 24-acre lagoon.
Storyliving by Disney, the newly created business unit will create planned communities with homebuilders, developers and landowners. Not all communities will be near Disneyland or Walt Disney World according to Bradley Ransome, and the design will reflect the area where the communities are built, not their designer’s namesake.