We mentioned in last month’s blog that we're investing in an adaptive reuse project in Denver's RiNo District that will eventually add a multifamily component next year. While we've been directionally bullish on Denver for some time (I know, hardly original), our diligence process only strengthened that belief once we really dove into what's happening on the ground level there.
Read MoreIt’s a multifamily developer’s dream -- A retail operator that juices the bottom line and simultaneously offers a service that residents actually want (and might even pay for)...
Look around in most cities and you’ll see beautiful new apartment buildings standing on newly built -- yet vacant -- retail spaces. These spaces are typically raw shells with ugly signage, and occasionally alluring lifestyle imagery to show what could be… someday. Or maybe never.
With ghost kitchens and deliveries of damn near anything at the touch of a button, not to mention Amazon’s earthly takeover, ground floor retail has seen better days.
Read MoreThis month we're excited to feature a product that we're incorporating into our own development project in Fort Worth! ORI Living is a provider of multi-functional, robotic powered living systems designed to maximize the potential of usable space and we're equipping the majority of our 54 units with their most popular device, 'Studio Suite'. The idea is that our tenants will be able to move in and move out with just a few suitcases and little to no furniture thanks to movable walls that unlock valuable square footage in (very) tight quarters.
Read MoreIt’s widely understood that there's a scarcity of modest and affordable housing in pretty much every major city in California. Factors such as expensive land, labor shortages, high construction costs, and difficulty in obtaining permits have resulted in a situation where only sky-high rents and home prices can offset the cost of doing business. With those considerations in mind, California lawmakers recently started to ease restrictions on alternative housing options to help relieve some pressure on the State’s rapidly declining middle class. And one such option, commonly referred to as ADU’s (Accessory Dwelling Units), have experienced a surge in popularity as homeowners look for creative ways to generate additional income right from their own backyards.
Read MoreIf you're faced with the task of renting a new apartment or house in the post COVID-19 world, your initial search process looks pretty similar to how it would have at this time last year. Load basic parameters into a search engine such as Zillow, HotPads, or Apartments.com before reaching out to the leasing agents that represent the units that match your criteria. Assuming that you're satisfied with the answers to your screening questions, you would then set up a time to walk the space.
Read MoreThe opinions expressed within the contents of this website are those of its authors and Steel City Management LLC (“SCM”). Steel City Management is not a registered broker, dealer, or registered investment advisor. The investment offerings on this site are available only to “Accredited Investors” as defined by the IRS. These opinions should not be interpreted as a recommendation or statement of fact. All investors should make their own determination of whether or not to make any investment, based on their own independent evaluation and analysis. The information on the website should not be interpreted as financial advice. Past performance is not a guarantee of future results. All investments offered by SCM involve risk and may result in loss. Investors are advised to consult with their tax, legal and financial advisors before making any investment decisions. SCM does not give investment advice nor recommendations regarding any investment decisions.
We manage investments on behalf of our investors, specifically in real estate development, rehab, and construction. We also invest occasionally in small private operating companies.
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