The 234 Apartment

America Apartment Communities logo" title="Mid- America Apartment Communities logo" class="companylogo" /> Oakbrook Investments LLC decreased its position in shares of Mid- America Apartment Communities , Inc. (NYSE:MAA) by 5.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4 ,551 shares of the real estate investment trust ’s stock after selling 272 shares during the period. Oakbrook Investments LLC ’s holdings in Mid- America Apartment Communities were worth $480,000 at the end of the most recent quarter. Several other hedge funds and other institutional investors also recently added to or reduced their stakes in MAA. Roanoke Asset Management Corp NY increased its position in Mid- America Apartment Communities by 48.0% in the second quarter. Roanoke Asset Management Corp NY now owns 3,625 shares of the real estate investment trust ’s stock worth $3...

Manhattan is about to become a testing ground for what could be the next luxury real estate boom . Well, maybe mini-boom, considering the rather narrow target group : frail urban seniors with fat bank accounts . Developers are spending hundreds of millions on high-end assisted- living apartment projects , one on the Upper East Side and one in Midtown, and aiming for more in the area and across the U.S. The bet is that there are sufficient numbers of the affluent and aging in big cities who won't want to leave their neighborhoods, even as they suffer cognitive decline . It is, of course, a rather small group of any age or mental ability that can handle the monthly rents these kinds of places will command. They'll start at $12,000 at the complex that Maplewood Senior Living and Omega Healthcare Investors Inc. are putting up on Second Avenue and 93rd Street. Some will top more than $20,000 at the building Welltower Inc. and Hines are about to break ground for on the corner of ...

(Bloomberg)—Manhattan is about to become a testing ground for what could be the next luxury real estate boom . Well, maybe mini-boom, considering the rather narrow target group : frail urban seniors with fat bank accounts . Developers are spending hundreds of millions on high-end assisted- living apartment projects , one on the Upper East Side and one in Midtown, and aiming for more in the area and across the U.S. The bet is that there are sufficient numbers of the affluent and aging in big cities who won’t want to leave their neighborhoods, even as they suffer cognitive decline . It is, of course, a rather small group of any age or mental ability that can handle the monthly rents these kinds of places will command. They’ll start at $12,000 at the complex that Maplewood Senior Living and Omega Healthcare Investors Inc. are putting up on Second Avenue and 93rd Street. Some will top more than $20,000 at the building Welltower Inc. and Hines are about to break ground for o...

NEW YORK – Aug. 22, 2017 – With all the talk about aging baby boomers and life- extending health care advances , it might be a bit bewildering deciding which seniors housing assets are best primed for success. Lee Everett, managing consultant at research firm CoStar Portfolio Strategy , might be able to provide some clarity. Two product types – active adult communities and continuing care retirement communities (CCRCs – will be the winners in the seniors housing race both in the short and the long term, Everett says. Everett and his CoStar colleagues are bullish about active adult communities , which are age-restricted developments that offer an independent lifestyle and relatively maintenance-free housing. Growth in this segment is "just around the corner," with more baby boomers getting older and seeking alternatives to traditional homes and apartments. "We're looking at a period where there's going to be a lot of fast and explosive growth in active a...

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“And suddenly they were able to help us and to buy things that we cannot buy,” he said. “It was like a housekeeper buying your house. That is awkward.” The conditions in both countries created a perfect match: As Portugal reeled from a financial crisis a few years ago, Angolans were enjoying an oil boom that provided enormous opportunities for self-enrichment by the elite, particularly the president’s family and inner circle. Angola is often listed as one of the world’s most corrupt nations. And Portugal has been singled out for its laxness in reining in money laundering and bribery, particularly in its dealings with Angolans, according to the Organization for Economic Cooperation and Development, the research and policy organization of the world’s richest countries. “In Angola, they call Portugal the laundromat,” said Ana Gomes, a Portuguese lawmaker in the European Parliament and a member of Portugal’s governing Socialist Party . “It’s because it is.” But the two nations’ relationsh...

W hether it is travelling on a budget or seeking out luxury, finding a secret island or planning a pet-friendly escape, holidaymakers are jumping on the growing trend of travel concierges. With a contacts book of the hottest names across the globe, these facilitators can jump the waiting list at Noma, hunt down the finest embroidery in Rajasthan (Andraab, Jaipur), order from the top pastry shop in Paris (Goût de Brioche, St Germain) and bag the best family beach spot in the Mediterranean ( St George Beach , Naxos, Greece).  Ten years ago , travel concierges were the preserve of high-net-worth individuals. Now, their services are accessible to a wider demographic, from business executives and single parents to gap-year students and extreme adventurers.   Millennials are driving the trend with their reliance on digital access and expert advice, a need heightened by a saturated internet and a world that is increasingly on fast-forward. “Time is one of the most precious things and one mo...