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Ascent Loves Our Vegas Golden Knights

More than a year ago, our hockey team didn’t exist.   There were no players under contract but the team’s leadership had a plan. Apparently what’s supposed to happen for any professional expansion team is that it takes years to groom talent. Years of miserable seasons as established teams of veterans run roughshod over them. […]

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New Research on Rent Control Confirms Negative Impacts

Rent control policies are laws that limit or cap rents and are usually implemented for the purpose of improving housing affordability.  Like many other instances where government leaders try to manipulate economic principles, these laws do just the opposite.  The National Multihousing Council (NMHC) just published an in-depth review of academic research on the issue […]

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Energy Tax Credit Renewed Retroactively

President Donald Trump signed a major budget deal into law early Friday morning, February 9, hours after Congress voted to end a brief government shutdown overnight. This budget bill also retroactively extends numerous tax breaks that had previously expired. The majority of the tax breaks included in the bill are renewed for one year through […]

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We’re Safe.

As most of you probably know by now, last night the largest mass shooting in U.S. history took place on the Las Vegas Strip. 58 people are dead and more than 500 are hurt.  While Las Vegans continue to reach out to friends, family, and colleagues to confirm their safety, we wanted you to know […]

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Multifamily Revenue Growth to Continue Decelerating

According to the Census Bureau, approximately 620,000 multifamily units are under construction as of April. This is the highest level of new construction since October 1974.  This growth is a 9% uptick year over year and a 23% increase from two years ago. The steady climb of employment growth has been the main driver of […]

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Trump’s Effect on Multifamily

In this month’s issue of Units, the National Apartment Association’s magazine, industry leaders sound off on the state of the multifamily industry amid a Congress and President struggling to pass a business-friendly agenda.  Click here for the full article.  Here are some quotes from the piece. Camden Chairman and CEO Ric Campo said, “If Trump […]

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Scott Seegmiller named CFO of the Year in Real Estate & Construction

Congratulations to Scott Seegmiller, Las Vegas’ CFO of the Year for real estate and construction! Scott recently received the distinction at an awards program hosted by the Las Vegas chapter of FEI (Financial Executives International) and Vegas Inc magazine.  Scott has worked in accounting throughout his 27-year property management career. Check out the Vegas Inc […]

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Freddie Mac’s Multifamily Index Indicates Investing Fundamentals Stronger

For the third consecutive quarter, multifamily investing fundamentals grew stronger in the third quarter, according to the Freddie Mac Multifamily Apartment Investment Market Index (AMLI), both nationally and in each of the 13 metro markets it tracks. AMLI combines multifamily rental income growth, property price growth, and mortgage rates to provide a single index that […]

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Freddie Mac Expects To Close 2016 With $55B In MF Originations

GlobeSt.com reports that Freddie Mac expects it will end 2016 having done around $55 billion in mortgage purchases, or originations as the rest of the industry would call it. It will also have done by year-end, give or take, some $50 billion in securitizations. So says David Brickman, executive vice president and head of the Multifamily Business, […]

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