Richie Hurd

There are appraisals, and then there are appraisals for HUD! These reports require higher level of detail and analysis to meet specific HUD appraisal requirements. Brad Moore, MAI has specialized in appraising these types of multi-family properties for many years. I often have to tip my cap reading through them. Not everyone has the bandwidth to bring these reports across the finish line. Simonson Appraisals was proud to provide valuation services for Colliers Mortgage on this 56-unit market rate cooperative. If you have any multi-family valuation needs requiring higher level of detail for financing, estate planning or litigation, feel free to reach out to learn more. #multifamily #appraisals #valuation #cre #HUD

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Explore the dynamic real estate market of Minneapolis! Whether you're interested in the bustling condos of downtown or the serene suburbs, here's why you should consider your next investment here: 1. Diverse Properties: From historic homes to modern condos, there's something for everyone. 2. Strong Market: Robust growth and investment returns. 3. Community Focus: Vibrant communities with rich amenities. 4. Green Spaces: Proximity to parks and lakes, enhancing quality of life. 5. Economic Growth: Thriving job market and business opportunities. #MinneapolisRealEstate #InvestInMinneapolis #CityLiving #SuburbanCharm #RealEstateInvestment #HomeBuying #MichaelSharpRealty #MarketInsights #PropertyInvestment #ExploreMinneapolis

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Yes please! I think I asked Jon Stephens to get it done after the last time 😁 https://lnkd.in/gKgsdcy9 #multifamily #kansascityrealestate #commercialrealestate #multifamilyinvesting #1031exchange #kc #apartmentinvesting #realestateinvesting #kansascity

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🌟 Exciting Insight Alert! 🌟 From the humble beginnings on a hog farm in Iowa to becoming a beacon of innovation in real estate investment, Sam Hales of Saratoga Group is reshaping the landscape of affordable housing through the lens of mobile home community investments. 🏡💼 Sam’s journey is a testament to the power of hard work, resilience, and a forward-thinking approach to real estate. His early experiences instilled in him the values that have paved the way for his success in transforming the manufactured housing sector. 🌱 In a world where affordable housing is more critical than ever, Sam raises the curtain on the untapped potential of mobile home communities. With a keen eye on recession resistance, high demand, and the scarcity of new supply, he sheds light on why this sector is ripe for investment. 📈 Saratoga Group stands at the forefront of innovation, employing a vertically integrated strategy that not only cuts costs but also significantly boosts operational efficiency. Through leveraging technology and operating an in-house construction company, they’re able to expand communities cost-effectively, emphasizing a market-driven approach to affordable housing. 🏗️💡 Sam candidly shares the hurdles and rewards of managing mobile home parks, including how overcoming a significant infrastructure challenge led to unexpected opportunities for innovation and savings. 🚧💪 📢 Invitation: Dive deeper into the transformative work of Saratoga Group and discover investment opportunities that align with a purpose-driven mission. Engage with their content, participate in real estate investing webinars, and join a community of forward-thinkers ready to make a difference in the housing market. Let’s champion affordable housing solutions together! Connect with Sam Hales and explore how you can be part of this rewarding journey. 🌐🤝 #RealEstateInvestment #AffordableHousing #ManufacturedHousing #Innovation #SaratogaGroup #InvestmentOpportunities #SustainableHousing

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The Midwest continues to see an uptick in rental and home sales activity, despite a slowdown in the number of transactions. Here are the key points: Record Prices: Even with fewer sales, home prices hit a new record high. Regional Trends: Sales are down overall, but the Midwest saw a year-over-year increase. Market Conditions: The median sales price surged to $419,300, up 5.8% from last year. Inventory Shifts: Total housing inventory increased, offering more options to buyers. This dynamic showcases a market adjusting to both challenges and opportunities. #Colliers #Pittsburgh #MoreIn24 #ThriveIn25 #ClosersCoffee #ColliersCapitalMarkets https://lnkd.in/epCCrp8M

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Wow, 🤯. This city plans to BUY two of it’s #MobileHomeParks and then improve them with HUD grant money. $50 million to buy around 420 lots and improve them. 💰 “Officials in the presentation estimated a cost of $34.5 million to buy the land, $4.5 million to repair mobile homes, $500,000 to build storm shelters, ***$2 million for running the trust***, and $7 million for other improvements in the parks’ water, sewer and road infrastructure.” It’s amazing what type of budget you can put together when you don’t have to worry about generating a return on the investment…💭 #mobilehomeparkinvesting #trailerparkinvesting #manufacturedhousing #mobilehomepark #realestateinvesting https://lnkd.in/e7WprwHx

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How Much Will a $450,000 Mortgage Cost You? Contact me to discuss the latest scoop in real estate! #Kansascity #realestate #realtor #kansashomes #kansasrealestate #kansasrealtor #kansashousing #kansasrentals #housing #kansasrealtor

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#ICSC is happening now! 🚀 Dive into DWG Capital Group's exceptional opportunities: Achieve 30% IRR+/- with #valueadd #industrial #NNN deals in Illinois. Discover $8.25M core, top-tier #retail properties in #Arkansas and #Illinois. 📑 For more details and Offering Memorandums, reach out! Celebrating 20 years at #ICSC, we take pride in our evolution from #NewmarkCapitalMarkets to surpassing $1 billion in transactions with our top-notch team. 🌟 As leaders of DWG CAPITAL PARTNERS, managing $60 million AUM in triple net industrial #saleleasebacks, we're excited to expand by acquiring an additional $100 million in properties across #America. We’re actively seeking: Sale leaseback opportunities in industrial or #retail sectors. #valueadd industrial properties. Looking for support with #investmentsale, #debt, or #equity brokerage? We’re here to assist! 👋 Join us at #ICSC! Together, let’s accelerate success. Onward and upward with #JuddDunning and the #DWG team. #CRE #THURSDAY #FRIDAY #LASVEGAS #deals #investment

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Just Listed | St. Germain Storage Portfolio | St. Germain, WI DEAL SUMMARY   LIST PRICE   $1,750,000 NRSF             41,005 UNITS 169 ACRES 6.326 LOCATIONS 2   INVESTMENT HIGHLIGHTS   PRIME LOCATION // Both sites are located just off HWY 70 with vehicle counts exceeding 5,700 per day. Marquee Sign on HWY 70 as well. ​ MANAGEMENT OPPORTUNITY  // Opportunity for a new owner to automate the overall operation; by automating the rental process further, by utilizing the DaVinci lock system. ​ ADD VALUE OPPORTUNITY // The current ownership does not charge late fees, admin fees, nor do they offer tenant insurance. These ancillary items can be implemented day one by a new owner. As well as a new owner can add another building to the 7466 location. ​ RENTAL RATE OPPORTUNITY // With historically high physical occupancy, a new owner will be able to increase the advertised street rents on day one, which will allow them to improve the in place rental rates as well. ​ MARKETING OPPORTUNITY // Current ownership does not do any marketing, with it being a lake community, new ownership can add SEO, allowing to keep occupancy high while increasing rental rates.   INVESTMENT SUMMARY   The two property portfolio consists of 169 total units across 9 buildings totaling 41,005 net rentable square feet. The 7466 location sits on 5 acres and is improved by 6 buildings with one of the buildings being used as boat storage, where the customers pull their own boats in and out of the building. The additional land at this location is currently being utilized with parking, but a new owner could build further square footage. This location also includes a rental office, that could be converted back to a unit if a new owner chooses to not utilize it. The 6147 location sits on 1.4 acres and is improved by 3 buildings. Both locations offer LED lighting, and a security camera system for 24 hour monitoring.   Tourism stands as a cornerstone of Saint Germain’s economy, this is why the area has continued growth and success with self storage, all of these activities fuel further need to store summer and winter toys. ​ The acquisition of St Germain Storage offers a qualified investor with the opportunity to acquire a turn-key two property self-storage portfolio. An investor can benefit by adding value through improving the in place rental rates, adding admin fees, late fees and tenant protection, adding further square footage, and along with improving / automating the overall management process. Access the details and Offering Memorandum at https://lnkd.in/gNYmNDx9 Listed By: EquiCap Commercial 1001 E. Main St - Unit E St. Charles IL, 60174 NAI Pfefferle 200 E. Washington St - Suite 2A Appleton, WI 54911 Presented By: Scott Rihm EquiCap Commercial 630.669.5625 Scott@EquiCapCommercial.com Jonathan Glassco NAI Pfefferle 920.205.4849 Jonathang@naipfefferle.com #SelfStorageInvesting #InvestmentCRE #SelfStorageOpportunities

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The median asking rent for multifamily properties fell by 0.7% in April compared with a year ago to reach $1,723, according to Realtor.com. However, three Midwestern markets -- Indianapolis, Milwaukee and Minneapolis -- saw median asking rents climb to a five-year high. Meanwhile, several markets in the South and the West posted significant declines.

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JUST LISTED | Altoona AAA Storage | Des Moines MSA DEAL SUMMARY   LIST PRICE $2,400,000 NRSF 28,550 UNITS 250 ACRES 2.45   Altoona AAA Storage is a well maintained, add-value opportunity, located in a growing marketplace with strong occupancy levels. The site benefits from its location along busy 34th Ave SW - visible to over 11,700 cars per day.   Situated on a 2.45 acre parcel, Altoona AAA Storage offers construction and amenities typical of a B-Class operation. Improvements include a prominent stand-alone rental office with strong visibility from 34th Ave SW, and a 32,892 gross square foot metal self storage building (28,550 net rentable) that houses 250 units (95 drive- up and 155 climate controlled). Units range in size from 25 - 400 square feet, with an average unit size of 114 square feet. Amenities are comprised of a large monument sign, gated entry with keypad access, two ingress/egress points, concrete paved drive aisles, standing seam metal roof, perimeter fencing and security monitoring.   The operation is located in a densely populated market and with high occupancy levels, surrounded by new housing starts and retail development. The five-mile population is 77,984 people (and growing). These statistics have allowed the current owner to enjoy historic occupancy levels north of 80 percent, with a limited day-to-day presence. Altoona AAA Storage enjoys an occupancy level of 84 percent (unit occupancy). With rents discounted below market average levels, by as much as 10 percent on smaller unit sizes and 20 percent on the large units. A new owner will benefit from implementing a revenue management program and offering tenant insurance, which should push the Income close to $380,000 over the next five years. Access the details and Offering Memorandum at https://lnkd.in/gTn4cKAb LISTED BY: Scott Reid Parasell, Inc IA Lic #B680910000 PRESENTED BY: Jesse Luke EquiCap Commercial 630.696.7281 Jesse@EquiCapCommercial.com #selfstorageopportunities #selfstorageinvesting #investmentcre #selfstorage #selfstoragebroker #selfstoragebrokerage

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Download Detroit's Market at Glance // Q12024 Report - Detroit's apartment market shines bright! With an impressive 94.8% occupancy rate in Q1 2024, we're outpacing the national average and leading major Midwest cities. #multifamilyinvestments #cre #detroit

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Unlock the Secrets of the Real Estate Cycle: Discover Where Des Moines Market is Headed in 2025! https://lnkd.in/gTir4VPV Join Les Sulgrove for this week's Des Moines and Central Iowa real estate market update! Les delves into the fascinating topic of the real estate cycle, explaining the typical 10-year phases: expansion, peak, slowdown, and recovery. He shares insights on how the local market is currently experiencing a slowdown, with an eye towards recovery and potential expansion by 2025. Discover how these cycles affect home inventory, buyer demand, and prices, and gain valuable knowledge to navigate the market effectively. Don’t miss this comprehensive analysis to stay ahead in the real estate game! Weekly Show Graphics and More at https://lnkd.in/gJeYSHWt Head To My YouTube Channel https://lnkd.in/exg4MvQ Subscribe To SimplyDesMoines YouTube Channel https://lnkd.in/g55pUuPd 

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For Sale housing market stays strong in Twin Cities. With interest rates staying high the supply available remains low creating demand for new construction. Builders are still offering rate buydowns but are moving houses. #landforsale #forsalehousing #landdevelopment

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Colliers Q1 CBD #Chicago #Office market report hot off the press! A few highlights below: Geographic Focus: The report provides detailed insights into different submarkets like the Central Loop, West Loop, and River North, each showing unique trends in terms of vacancy, absorption, and rental rates. Historic High Availability Rate: The total availability rate in the Chicago office market reached a record high of 29.6% in Q1 2024, indicating an increase in unoccupied office space. Notable Transactions: Notable lease transactions included PNC Bank renewing 95,000 square feet in the West Loop and FDIC expanding by 75,067 square feet at 300 S. Riverside Plaza. Future Outlook: The report forecasts a continued tenant-favorable market with potential opportunities in high-quality, well-located Class A buildings despite overall challenges in the sector. The full report is below:

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