Land law

Forest City earns LEED, Green Lease Leader and ENERGY STAR recognitions

Retrieved on: 
Wednesday, August 22, 2018
Law, Economy, Land law, Real property law, Real estate, Landlord–tenant law, Lease, Property law, Sustainability, Landlord, Sustainable forest management

CLEVELAND, Aug. 22, 2018 /PRNewswire/ -- Forest City Realty Trust, Inc. (NYSE: FCEA) today announced three significant sustainability recognitions from prominent organizations.

Key Points: 
  • CLEVELAND, Aug. 22, 2018 /PRNewswire/ -- Forest City Realty Trust, Inc. (NYSE: FCEA) today announced three significant sustainability recognitions from prominent organizations.
  • Forest City and 10 other companies earned Gold landlord recognitions as part of the Green Lease Leaders program, which recognizes innovative companies and real estate practitioners who manage high-performance buildings through energy efficiency and sustainability.
  • Forest City includes sustainability-related language in tenant leases as part of the company's holistic approach to managing environmental, social and governance issues.
  • Forest City was one of nearly 50 organizations to be recognized as part of ENERGY STAR's Charter Tenant Space program, which was designed to strengthen landlord-tenant relationships and shared commitment to energy efficiency.

Single Family Rental Homes Challenges Housing Market; Opines TenantScreeningUSA.com

Retrieved on: 
Wednesday, August 22, 2018
United States housing bubble, Foreclosure, Mortgage, Real property law, Urban decay, Renting, Economy, Law and economics, Land law

In July of 2018 Georgia State University released a study on Single Family rental homes and the subsequent affect on the housing market.

Key Points: 
  • In July of 2018 Georgia State University released a study on Single Family rental homes and the subsequent affect on the housing market.
  • In the wake of the U.S. foreclosure crisis, there has been a large increase on the order of 50 percent in single-family rental homes, or SFRs, across the country.
  • As millions of families lost their homes to foreclosure, many of those homes were eventually purchased by investors small and large who converted those homes into rentals.
  • (3)
    Almeida states: "With more single family homes appearing on the rental market the challenges are very real, both in availability and with rental policy."

Window Nation Joining Forces with Habitat for Humanity

Retrieved on: 
Tuesday, August 21, 2018
Affordable housing, Habitat for Humanity, Sumter County, Georgia, Window, Housing, Property, Land law

Specifically, the company, through its long-standing Window Nation Cares initiative, has partnered with Habitat for Humanity, the nonprofit organization that helps families build and improve places to call home.

Key Points: 
  • Specifically, the company, through its long-standing Window Nation Cares initiative, has partnered with Habitat for Humanity, the nonprofit organization that helps families build and improve places to call home.
  • Moving forward, Window Nation will help Habitat for Humanity by providing windows, as well as the installation, for new homes in those same communities.
  • "Habitat for Humanity works in all 50 states and more than70 countries around the world helping millions ofpeople find safe,decent and affordable housing," says Mike Posko, Habitat for Humanity of the Chesapeake CEO.
  • Window Nation was started in 2006 by two brothers who literally grew up in the window business, learning about home improvement, customer care and the difference a quality window can make.

Foreclosure Starts Increase In 44 Percent Of U.S. Markets In July 2018

Retrieved on: 
Tuesday, August 21, 2018
United States housing bubble, Real property law, Foreclosure, Mortgage, Urban decay, Land law, Real estate, Property law

Twenty-one states posted a year-over-year increase in foreclosure starts in July, including Florida (up 35 percent); California (up 3 percent); Texas (up 7 percent); Illinois (up 7 percent); and Ohio (up 2 percent).

Key Points: 
  • Twenty-one states posted a year-over-year increase in foreclosure starts in July, including Florida (up 35 percent); California (up 3 percent); Texas (up 7 percent); Illinois (up 7 percent); and Ohio (up 2 percent).
  • "The increase in foreclosure starts is not just a one-month anomaly in many local markets given that July represented the third consecutive month with a year-over-year increase in 33 metro areas, including Los Angeles, Miami, Houston, Detroit, San Diego and Austin," said Daren Blomquist, senior vice president with ATTOM Data Solutions.
  • Most susceptible to rising foreclosure starts are affordability-challenged markets where homebuyers are more financially stretched and markets with some type of trigger event such as a natural disaster or large-scale layoffs."
  • Some foreclosure filings entered into the database during the month may have been recorded in previous months.

The Midwest Dominates July's Hottest Housing Markets

Retrieved on: 
Thursday, August 16, 2018
Real estate, Property, Land law, Residential real estate, Realtor.com, Marketplace, Affordable housing

SANTA CLARA, Calif., Aug. 16, 2018 /PRNewswire/ --Realtor.com, the Home of Home Search, today released its July hottest markets list which reinforces home buyer interest is shifting away from pricey California to less expensive markets throughout the country.

Key Points: 
  • SANTA CLARA, Calif., Aug. 16, 2018 /PRNewswire/ --Realtor.com, the Home of Home Search, today released its July hottest markets list which reinforces home buyer interest is shifting away from pricey California to less expensive markets throughout the country.
  • In fact, nearly a third of the markets were located in the affordable Midwest, which had a combined median list price well below the national average, according to the report.
  • Midland, Texas continued its streak in July as the the nation's hottest housing market for the fourth month in row.
  • This month 11 states are represented in the top 20 hottest, compared to eight a year ago.

ALAW Announces Merger With Ohio's Felty and Lembright Co., L.P.A.

Retrieved on: 
Thursday, August 9, 2018
Real property law, United States housing bubble, Foreclosure, Mortgage, Urban decay, Land law, Real estate, Property law

"We are thrilled to welcome Felty and Lembright to the ALAW family," said Jim Albertelli, Founding Partner at ALAW.

Key Points: 
  • "We are thrilled to welcome Felty and Lembright to the ALAW family," said Jim Albertelli, Founding Partner at ALAW.
  • Felty and Lembright has represented our nation's top financial institutions with combined experience of over eighty years in the practice of real estate and bankruptcy law and management of foreclosure proceedings.
  • That experience has allowed the Firm to develop a sophisticated understanding of the substantive legal issues facing lenders in Ohio.
  • "Our merger with ALAW delivers many benefits, including those that come from shared services and technology," said Kriss Felty, Co-Founding Partner at Felty and Lembright.

Fannie Mae Approves Hunt Real Estate Capital as a Seniors Housing Lender

Retrieved on: 
Wednesday, August 8, 2018
Mortgage industry of the United States, Economy of the United States, Fannie Mae, Real estate economics, Land law, Property

NEW YORK, Aug. 8, 2018 /PRNewswire/ -- Hunt Real Estate Capital , a leader in financing commercial real estate throughout the United States, announced today it has now been approved as a Fannie Mae Seniors Housing Lender.

Key Points: 
  • NEW YORK, Aug. 8, 2018 /PRNewswire/ -- Hunt Real Estate Capital , a leader in financing commercial real estate throughout the United States, announced today it has now been approved as a Fannie Mae Seniors Housing Lender.
  • Fannie Mae has been a key partner and valuable source of financing for clients of Hunt Real Estate Capital since 1988," noted James P. Flynn, President and Chief Investment Officer at Hunt Real Estate Capital.
  • "The seniors housing market continues to be ripe with opportunity, and Fannie Mae's lending program remains one of the most attractive vehicles for long-term financing among owners," added Kathryn Burton Gray, Senior Managing Director and Head of Seniors Housing and Healthcare at Hunt Real Estate Capital.
  • Hunt Real Estate Capital , part of Hunt Companies, Inc., is a leader in financing commercial real estate throughout the United States.

MedEquities Realty Trust Reports Second Quarter 2018 Results

Retrieved on: 
Wednesday, August 8, 2018
Land law, Real property law, Property, Real estate, Law, Landlord–tenant law, Contract law, Land tenure

For the reporting period ended March 31, 2018, the results of our tenant for our ten skilled nursing facilities in Texas (the "Texas Ten Tenant") were consistent with our expectations that coverage results would begin to improve incrementally during the first quarter of 2018.

Key Points: 
  • For the reporting period ended March 31, 2018, the results of our tenant for our ten skilled nursing facilities in Texas (the "Texas Ten Tenant") were consistent with our expectations that coverage results would begin to improve incrementally during the first quarter of 2018.
  • Although coverage results improved for the trailing twelve-month period ended March 31, 2018, preliminary information from the Texas Ten Tenant for the second quarter of 2018 indicates that facility census and rent coverage levels have weakened.
  • As a result, the Texas Ten Tenant applied its full two-month base rent security deposit to satisfy the monthly rents due for May and June 2018.
  • MedEquities Realty Trust (NYSE: MRT) is a self-managed and self-administered real estate investment trust that invests in a diversified mix of healthcare properties and healthcare-related real estate debt investments.

Appraisal Institute Elects BBG Executive To Senior Post

Retrieved on: 
Tuesday, August 7, 2018
Valuation, Real estate valuation, Real estate, Appraisal, Real estate appraisal, Land law, Property

DALLAS, Aug. 7, 2018 /PRNewswire/ --BBG, a leading national commercial real estate valuation, advisory and assessment firm, today announced that the Appraisal Institute has elected Rodman Schley, Senior Managing Director-Western Region, MRA, SRA, as vice president, beginning Jan. 1, 2019.

Key Points: 
  • DALLAS, Aug. 7, 2018 /PRNewswire/ --BBG, a leading national commercial real estate valuation, advisory and assessment firm, today announced that the Appraisal Institute has elected Rodman Schley, Senior Managing Director-Western Region, MRA, SRA, as vice president, beginning Jan. 1, 2019.
  • The board of directors of the Appraisal Institute, the nation's largest professional association of real estate appraisers, elected Mr. Schley to the position for a one-year term on August 2.
  • BBG CEO Chris Roach commented: "We are thrilled about Rodman's new role at the Appraisal Institute, where he will bring many years of experience, expertise and leadership in the commercial real estate appraisal industry.
  • He is also the recipient of an Appraisal Institute award given in recognition for his contribution to the furtherance of the high ideals of the real estate appraisal profession and its practices.

ASA Expresses Concerns on Proposed Changes to Appraisal Requirements in New Treasury Department Report

Retrieved on: 
Friday, August 3, 2018
Real estate valuation, American Society of Appraisers, Real estate, Valuation, Appraisal, Mortgage, Land law, Property, Real estate appraisal

RESTON, Va., Aug. 3, 2018 /PRNewswire/ -- The American Society of Appraisers wishes to express its deep concerns today with the proposed changes to appraisal requirements, as set forth in a report by the Treasury Department on July 31.

Key Points: 
  • RESTON, Va., Aug. 3, 2018 /PRNewswire/ -- The American Society of Appraisers wishes to express its deep concerns today with the proposed changes to appraisal requirements, as set forth in a report by the Treasury Department on July 31.
  • The proposed changes are likely to have a negative effect on prudent lending and sound valuation practices, as well as on the protection of homebuyers.
  • Appraisers have long been at the forefront of adopting technologies to make their businesses more efficient and their appraisal reports more accurate.
  • As the oldest and only major appraisal organization representing all appraisal specialists, ASA is devoted to providing the highest possible standards in all areas of ethics, professionalism, education and designation criteria.