@realstrongpoint

Giving the Trades a Good Home. Operating Plumbing and HVAC companies in the Northeast.

 East Coast
realstrongpoint.com
Joined November 2018
  • Tweets12
  • Following26
  • Followers1.1K
First truck returned from wrap shop today. We'll be "the guys in the blue trucks" from here forward. Photo doesn't do it justice - this thing is bright!
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Under contract today for @realstrongpoint: 35 Units, Class B, garden-style, fully occupied, well-maintained property in solid neighborhood. Seller self-managed. Rents 25% below market. Off-market. >8% cap. Pleased with this one.
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Just went under LOI for @realstrongpoint's 1st portfolio company - plumbing service & repair co out of NJ. Exciting. Lots of work ahead.
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Strongpoint Services retweeted
Harvard JCHS@Harvard_JCHS23 May 2019
Although household growth is returning to a more normal pace, this year's #harvardhousingreport, being released June 25, shows that #housing production still falls well short of what is needed. jchs.harvard.edu/calendar/st…
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Strongpoint Services retweeted
NMHC
@ApartmentWire25 May 2019
We couldn’t agree more. The U.S. needs 4.6 million new apartments between 2016 and 2030 to meet demand. Download NMHC’s new toolkit that explains how we can achieve that goal. housingtoolkit.nmhc.org/
Brian Schatz
@brianschatz24 May 2019
Replying to @brianschatz
What I mean is that we create shortages of housing in cities on purpose and then wonder why there’s not enough housing in cities.
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Strongpoint targets assets providing rents below $1100/mo in order to capitalize on renter demand and mitigate vacancy risk during future recession scenarios.
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Strongpoint gives individual investors the ability to tap into the benefits of direct real estate ownership.
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Strongpoint Services retweeted
C&W Atlanta@CushWakeATL15 Jan 2019
December year-over-year rent growth was at 3.2%, according to @Yardi: cushwk.co/2Hb9eby #CRE #Multifamily
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Strongpoint Services retweeted
San Diego Apartments@ApartmentsInSD11 Jan 2019
Here's Why the Multifamily Cycle Still Has Room to Run “Despite the recent volatility in the financial markets, we foresee more of the same in 2019, with strong demand producing rent growth just shy of 3% nationally.” bit.ly/2VLorTS by @EMorphy via @GlobeStcom
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.@ApartmentWire's "Explaining the Puzzle of High Apartment Returns" showcases multifamily's dominance over other CRE asset classes. (returns shown unlevered)
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Strongpoint Services retweeted
Harvard JCHS@Harvard_JCHS28 Nov 2018
Apartments are getting smaller – but renters are paying more cnb.cx/2PZMoaQ @DianaOlick @CNBC #rent #renters #housing

Apartments are getting smaller – but renters are paying more

The average size of newly built apartments in the U.S. is shrinking, but rents are still rising. Millennials appear to be more willing to pay for smaller units that are located in urban centers,...

cnbc.com
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