SAN FRANCISCO, CA  – Joshua Tree Conference Group, a leading producer of targeted executive educational events for the apartment industry, today announces multifamily leaders Lyric, Airbnb and Niido will serve as title sponsors for the upcoming Flexible Rentals Investment Conference (FLEX). The conference will be held October 22-23, 2019 at the Mission Bay Conference Center in San Francisco.

The FLEX conference is the first-ever investment conference exclusively focusing on the emerging strategies, technologies and organizations committed to developing and offering innovative and flexible living options for the rental housing marketplace.

“Flexible rentals continue to evolve and gain momentum within the multifamily industry, making new opportunities for investors, developers, owner/operators as well as the renting population,” said Steve Lefkovits, executive producer, Joshua Tree Conference Group. “We are thrilled to be working with three of the industry’s most innovative companies to deliver the highest levels of education, networking and business opportunities during this unique two-day event.”

FLEX will explore a variety of different flexible rental strategies including small-term rentals, renter initiated shared stays, lease-up period lodging, and master leasing, which make incremental income for renters and multifamily property developers and owners. As the landscape has changed and matured, early pioneers continue to benefit from increasing yields, while enhancing the living options for various members of the community.

We’re excited to partner with the team at Joshua Tree Conference Group to be a title sponsor of the inaugural FLEX Conference. This will be the first event dedicated to small-term rentals in the multifamily industry, and a must-do for real estate professionals looking to know how they can take advantage of the growing demand for this new type of flexible supply to amplify their portfolio and delight their long-term residents,” said Joe Fraiman, co-founder and President, Lyric.

Speakers, panelists and presenters will include a mix of global experts on small-stay hospitality, apartment development and ownership, capital markets, design and customer experience.  Educational sessions will span topics including pricing and revenue management, in-unit technology, risk and reputation management, community and governmental relations, debt financing and capital market options, innovation investment and making positive guest experiences.

“The multifamily rental model is changing in a excellent way,” said Harvey Hernandez of NGD Homesharing (Niido and Natiivo). “We are on the brink of new solutions, technologies and innovations that not only deliver modern day solutions to residents, but also increased value to portfolio owners and investors. As a title sponsor of the FLEX Conference, we’re excited to amplify the conversation around flexible rentals, from generating revenue and streamlining operations to improving the resident experience.”

For more details regarding the FLEX Conference agenda, speakers or sponsorship visit flexrentals.org. Attendance is limited, to register visit flexrentals.org/registration

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SEATTLE, WA – Bell Partners, one of the nation’s leading apartment investment and management companies, announced the acquisition of 3040 Apartments, a 243-unit multifamily community located in Redmond, Wash., for $96 million on behalf of its Fund VI investors. The property will be managed by Bell and be renamed Bell Overlake. Bell Overlake is Bell Partners’ first acquisition in the Seattle metro area, in addition to the 4 properties the firm manages in the area.

Developed in 2019, Bell Overlake is close to some of the most well-recognized employers in Seattle, including Microsoft, Amazon, Google and Facebook. The community is located within walking distance from Microsoft’s global HQ campus and also offers convenient access to the Seattle Transit Link light rail expansion. 

“We are pleased to make an investment on the east side of Seattle, an area that has become a global innovation center with the potential to experience substantial job growth in the coming 5-10 years,” said Nickolay Bochilo, Executive Vice President of Investments at Bell Partners. “The investment represents an opportunity to benefit from the attractive fundamentals in Redmond and Bellevue, including the substantial amount of new office space being built by Microsoft and other major employers. We also plot to leverage the Bell platform to enhance resident experience via physical and operational improvements, enhancing the asset’s high quality.”

Bell Overlake offers amenities including a rooftop deck, a fitness center with separate yoga studio, a pet spa, a courtyard with BBQ area and fire pits, and garage parking with electric charging stations. Each unit features quartz countertops, plank flooring, large closets and in-unit fully vented washers and dryers. Select units have lofts, patios or balconies, and views of the mountains.

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PENSACOLA, FL – Broadtree Residential, an open-finished, continuously offered, multifamily fund managed by Broadstone Real Estate, announced the acquisition of West Woods Haven, a Class A, 268-unit multifamily apartment community in Pensacola, Florida.

West Woods Haven represents the Fund’s second UPREIT transaction. In an UPREIT transaction with Broadtree, property owners contribute real estate to the Fund’s operating partnership on a tax-deferred basis in exchange for equity, in the form of Operating Partnership Units (OP Units). As a result of this transaction, the sellers contributed an undisclosed amount of equity into the operating partnership of BTR, and now have an interest in a diversified multifamily fund.

Constructed in two phases between 2016 and 2017, West Woods Haven is composed of 12 residential buildings. In aggregate, the buildings contain 96 one-bedroom units, 152 two-bedroom units, and 20 three-bedroom units, with an average size of approximately 1,082 square feet per unit. All units feature open floorplans with nine-foot ceilings, gourmet kitchens with granite countertops, and in-unit laundry. The property also includes detached garage rentals, along with ample surface parking for residents. Numerous attractive amenities are available for residents, including gated access, two 24-hour fitness centers, a modern clubhouse and business center, two resort-style swimming pools, grilling area, two dog parks, and a car care center.

“We are excited to add West Woods Haven to the Broadtree portfolio and expand the Fund’s geographic footprint into Florida. This acquisition is a manifestation of our strategy to buy stabilized, core assets located in secondary markets,” said Chris Czarnecki, Broadtree’s CEO. “We look forward to announcing additional multifamily acquisitions throughout the balance of 2019 and beyond as we continue to grow Broadtree on behalf of our shareholders.”

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