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NEWS

Multifamily Boasts Solid Fundamentals in Weak Economy, Industry Experts Say
MFE Online - June 26, 2008
Key players in the multifamily industry offered insight on the industry's strengths and challenges in the next few years at the Multifamily Trends Conference portion of the Pacific Coast Builders Conference, held in San Francisco this week. Read more >

2008 ACG Construction Starts
June 23, 2008
ACG has had three new construction starts in 2008; The Meadows in Tacoma, Washington; Woodlands I in Olympia, Washington; and Seasons at Surprise in Surprise, Arizona.

Gain in Homeownership Vanish, and New Renters Find Fewer Options
The Seattle Times - June 21, 2008
Americans are renting apartments and houses at the highest level since President Bush started a campaign to expand homeownership in 2002, a trend driven largely by the surge in foreclosures and an unsettled housing market that has left many renters unable or unwilling to move, housing analysts say. Read more >

Newly opened Sterling Point Apartments are 95% leased
June 1, 2008
ACG opened their most recent Tenant-in-Common investment, Sterling Pointe Apartments in Flagstaff, Arizona, in June 2008. Sterling Pointe Apartments are comprised of 192 luxury apartment homes on 11+ wooded acres, and is currently 95% leased.

Survey: 69% of Renters Plan to Continue Renting for up to 5 More Years
May 29, 2008
A new survey commissioned by the National Apartment Association finds 67 percent of current renters will not make the move to buy their own home in the next year. Apartment occupancy is at an all-time high. Read more >

Rent at an All-Time High - if you can Find a Place
Seattle PI - April 21, 2008
Byron Kilbourne has been looking for an apartment in Seattle since February. "There are a lot of apartments available, but the desirable ones seem to rent very quickly," said Kilbourne, a University of Washington student who must move out of his dormitory by mid-June and is about to start graduate school. Read more >

 

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Sterling Pointe