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Why Data Center REIT CoreSite is Sector Royalty

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If you’re a regular reader of DCK Investor Edge , you know that investors who own data center REIT shares have seen better rewards year-to-date compared to more traditional commercial real estate asset classes like office, retail, apartments, net-lease, and healthcare. Data centers sit squarely at the intersection of real estate and technology, providing space, power, and access to networks and cloud service providers that attract coveted enterprise customers . When it comes to the various REIT sub-sectors, data centers sit squarely at the top, while the broader real estate sector is treading water, down 0.6 percent. Data centers as a sub-sector are chalking up another year of outperformance, following similar gains in 2016. Source: Seeking Alpha – Hoya Capital Real Estate Aug. 18, 2017 Many investors rely on mutual funds and ETFs which own a broad basket of all the REITs. However, this can lead to being overweight on large- cap mall REITs , sho...

Zillow : Home Values Higher than Ever in Almost Half of Nation's Largest Markets

SEATTLE, Aug. 24, 2017 /PRNewswire/ -- Home values are setting new records in about half of the country's largest metros, and the national median home value is now $4,100 more than it was in April 2007, just before the market crashed , according to the July Zillow® Real Estate Market Report(i). Home values in Denver, Dallas and San Jose have appreciated most beyond the previous record-highs set at the peak of the housing bubble in the mid-2000s. Homes in Denver are almost 60 percent more valuable now than during the bubble, increasing from a median home value of $235,900 in April 2006 to a current median home value of $371,100. When the housing market crashed , home values plummeted and it has taken about 10 years for home values to reach new record highs. Strong labor markets and steady income growth have pushed up home values in the nation's hottest markets more quickly than in others. Among the 35 largest housing markets , 15(ii) have higher median home values than ...

Aging baby boomers ignite explosion of jobs in health care, senior housing

But young people may not be fully aware of the "great opportunities" that await them in this sector of the job market, said Gisi, whose company owns and operates senior living facilities across the Upper Midwest. "People realize that there will be a lot more people in old age, but they don't see the lack of workers available to care for those people, what with the birth rate collapsing in the early '70s," said Gisi. Edgewood owns and operates assisted -living and memory- care facilities in 55 communities. "There'll be a significant need for health care workers in all of our communities," he said. "The demand will continue to grow." The time frame of 2020 to 2040 will be a period of significant aging of the population, based on U.S. Census data, which will dramatically increase the demand for senior housing and health care. In that time period, the number of people who are 65 or older will increase by 46 percent. "There will...

Some forced to move as Ann Arbor-area apartments transition from affordable to market rate

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Megan Mishler has lost her sense of security. Mishler, who has a rare genetic condition called Ehlers -Danlos Syndrome that prevents her from working, was recently forced to move from her apartment just west of Ann Arbor because her landlord is transitioning from affordable housing to market rate. Mishler is not alone; the transition will impact 144 units at the 368- unit Woodchase apartment complex at 1100 Rabbit Run Circle in Scio Township. “This has been extremely, extremely difficult. I was almost paralyzed at first,” Mishler said, referring to when she learned she would have to move. “This just added a whole other layer on top of all the other stuff that I’m already dealing with.” Mishler was told the rent for her one-bedroom apartment would jump from $770 per month to about $1,200 per month at the end of her lease term. The Woodchase apartments in Scio Township were developed in 1998. Katie McLean | The Ann Arbor News   Mishler uses the Section 8 Housing Choice Voucher Progr...

We love New York business. Here are 25 reasons why

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1. If you can make it here… New York has long been the ultimate testing ground for businesses. But the city’s population density also makes it an important laboratory for startups, especially in today’s on-demand economy. Food- delivery pioneer Seamless survived the dot-com crash, paving the way for the arrival of meal-kit services such as Blue Apron and Plated a decade later. Related View this story in its original print layout Density has also been instrumental to the growth of ride-hailing and car-sharing companies. Most of them, including Uber and Lyft first gained their footing in smaller cities, then made New York their biggest market. Via, the on-demand ride-pooling service, launched here in 2013, is the exception: Its founders chose New York, figuring riders packed together on subways and buses wouldn’t need much persuading to share a car with strangers, especially when it cost just $5. article continues below advertisement App- based transportation startups have flocked t...