Industry News

9/3/2014


Revel & Underwood has been in the real estate business for over 30 years, providing numerous services to our clients. Brokerage, property management, investments...you name it. The Revel & Underwood team can do it. One part of the real estate puzzle that was missing was the residential piece. That is no longer the case. We now have the ability to market and sell your home as well as finding a new home. The Revel & Underwood team can give you all of the same perks of the big name residential companies but what sets us apart is our commitment to our clients. We are not listing 200 homes at a time and trying to juggle all of our clients. We provide first class service to all of our clients whether its a personal home to a multimillion dollar commercial property.  Our last two home sales were for $995,000 which was 100% of the asking price, and $260,000 which was 95% of the asking price. Both properties sold in 2 weeks or less after listing the home. If interested in selling your home, or if you are looking to purchase call Revel & Underwood and let us help you today!

7/22/2014

 

With the Affordable Care Act (ACA) in place and functioning an increased demand for medical services is starting to be realized. As a result medical office vacancy has slipped below 10 percent for the first time in five years and it’s expected to continue to fall further through 2014. Asking rents are up as well especially in the large metro areas and in newer generation buildings.

On the sales front there is far more capital chasing deals than there are assets to buy. With demand so high and interest remaining compressed cap rates are at or near all-time lows 5.75% - 8.75%. Again newer generation buildings in large metro areas are selling on the low end of that range and older off campus buildings in secondary and tertiary markets are selling on the high end of that range. The sheer volume of transactions has increased each of the past three years and is expected to continue that trend in 2014 provided there is enough product coming on the market. As long as interest rates remain at or near current levels cap rates are expected to remain at current levels given the increased demand by both private and institutional buyers.   

 

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