The Roman Report
Being the middle of summer, typically the Real Estate market slows down, but there is a lot going on with our investments. For one, summer is a popular time for renters to be looking for apartments and gives our Property Management team a great opportunity. We also tend to get much more interest in our Co-Living assets as younger working professionals look to begin their career in a new city, but can’t afford their own place and want to sign a one-year lease. Co-Living also offers you a built-in community where there is an onsite community manager planning weekly activities for the tenants. (If you would like to take a look at our Co-Living assets, click on this link that will guide you to our Living Q Instagram page.)
See below for some marketing pictures on a few of the units that were recently renovated.
We are now more than a month into our summer internship program and are very happy with the current class, who are all young professionals that are either Juniors in college or just graduated. We started their program with training classes for about a week held by different Roman Group executives and outside professionals, but then threw them into meaningful projects and work to help them broaden their real estate knowledge and hone their skills. Our interns have helped with acquisitions, property management, construction management and even with our investor relations department.
Although it is important to be dedicated and focused on your work, we also want to promote a balanced lifestyle and mindset at Roman Group. As a result, we organized a company outing this past Friday to generate some team bonding. It was a great day on the lake where Roman team members swam, wake-boarded and got to enjoy some fun in the sun.
Fresh Renderings for Apple's upcoming LA office campus
A draft environmental impact report published by the Culver City sheds more light on Apple’s plans to build a new office campus housing thousands of employees.
What's Up with the Crazy Housing Market?
Nationally, the vacancy rate is below 5 percent, with more than a dozen renters competing for any given vacant apartment, according to RentCafe. That translates to extraordinarily high rents.