Barons Group of Companies released conceptual plans earlier this week for Barons Vista.
Billed as a “retail garden mall and community lifestyle development” on the south side of Interstate 94 Exit 59. The ambitious design includes up to 700 housing units, an indoor mall,hotel, amphitheatre, a family friendly park and a 15 story tower to act as a “lighthouse to travelers arriving in Dickinson” which once completed, would be tallest building in North Dakota..
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Indonesia has continued to grow as an economic power. Bali with its world-wide attention as a lynch pin for Indonesia and the year on year growth in tourism, the growing middle class, vast improvement in infrastructure and massive levels of business investments indicate a very bright future for Bali.
Majestically sweeping across ten acres of lush tropical rain-forest, surrounded by beautiful rice paddies and natural winding waterways “The Secret” is a totally unique high-end hotel and villa resort situated in the popular cultural and scenic town of Ubud,Bali,Indonesia.
Located in prime Monkey Forest vicinity, the 4 Ha land will see a Top Class 5-Star Hotel and a Spa Resort that will cater to a wide range of guests by offering executive corporate facilities a vast range of spa-retreat luxuries, world-class restaurants, fitness and relaxation services together with a range of swimming pools, spas and poolside facilities to cater for all requirements. This exclusive private development offers 60 luxury 3 bedroom, 2 bedroom, fully- furnished, double-storey villas with walled gardens and private swimming pools, 120 Sanctuary Rooms and a 90 Concierge-Serviced Apartments.
The U.S. multifamily market and demand for rental housing will remain solid and healthy between now and 2015, according to a study released by the U.S. mortgage giant Freddie Mac. Multifamily housing, the majority of which is used as rental apartments, currently accounts for 42 percent of the rental market, and others choose to rent single-family homes. In an optimistic economic recovery scenario, multifamily rental demand will be more muted because of competition from the owner market. The homeownership rate had declined from 68.2 percent in 2007 to 65.5 percent in the second quarter of 2012. In this process, the shift of households from homeowners to renters increased the demand for rental units, contributing to strong multifamily market fundamentals.
Our Current Multifamily Projects
We expect to continue our successful acquisition streak of these awesome deals. The vacancy rate of multifamily rent also dropped from over 7.3 percent in 2009 to the current level of 5 percent, according to CBRE, the world’s largest commercial real estate services firm. With this kind of demand in US, we have tapped the opportunity to enter the US Multifamily investment. Our objective is to acquire Stabilized Multifamily projects with at least 10% Cap Rate; that is NOI (Net Operating Income) must exceed 10% of purchased price. This is geared to increase our NAV( Net Value Asset).
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