Latest news with #realestate
Yahoo
9 minutes ago
- Business
- Yahoo
Is AGNC Investment a Yield Trap? The Answer Is Complicated.
AGNC Investment has a huge dividend yield of more than 15%. The mortgage real estate investment trust's business model is a bit complex. If you're buying AGNC for the dividend, you might end up disappointed. 10 stocks we like better than AGNC Investment Corp. › The big story around AGNC Investment (NASDAQ: AGNC) is its shockingly large dividend yield of more than 15%. To put that yield into perspective, the S&P 500 index (SNPINDEX: ^GSPC) is yielding just 1.3%, and the average real estate investment trust (REIT) is offering 4.1%. You should never buy a stock just because of the yield, and that is important when considering AGNC Investment. Here's what you need to know. In general, REITs are simple to understand. They buy properties and lease them out to tenants, just like you would do if you owned a rental property. The difference is the scale of the assets, not the business model. AGNC Investment, however, isn't a property-owning REIT. It is a mortgage REIT. Mortgage REITs like AGNC buy mortgages that have been pooled together into bond-like securities. That's nothing like owning a property. What AGNC Investment does is more like running a bond mutual fund, which isn't something that most investors do. The mortgage securities it owns have pretty unique price drivers, including interest rates and things like housing market dynamics and mortgage repayment trends. It can be hard to track AGNC's business given the complexity here. There's a big data point that dividend investors need to understand. AGNC Investment's dividend, as the chart below highlights, has been falling for years. Even before that trend started, the dividend was a bit volatile. The stock price has basically tracked along with the dividend, up and down -- but mostly down -- over time. This isn't unique to AGNC Investment. The mortgage REIT sector is filled with graphs like the one above. Sometimes the dividend goes up and sometimes it goes down. If you bought this stock expecting a sustainable, and perhaps even growing, dividend, you ended up caught in a yield trap. The high yield just didn't live up to the expectations you had. The interesting thing here is that AGNC Investment's goal isn't exactly income. It is looking to provide an attractive total return, with reinvested dividends playing an important part in that story. As the chart below shows, AGNC's total return is actually pretty solid. Despite the stock price losing half its value over time, AGNC's total return has been competitive with that of the S&P 500 index. In fact, over some stretches, AGNC Investment's total return has handily beaten the index's return. That makes it an attractive choice for investors using an asset allocation model. But the key factor here is that total return requires shareholders to reinvest their dividends. If you spent those dividends, you ended up with less income and less capital, which is pretty much the worst possible outcome for a dividend investor. It's entirely possible that AGNC Investment will increase its dividend. Mortgage REIT peer Annaly Capital (NYSE: NLY) did just that at the start of 2025. But that doesn't change the fact that, like AGNC, Annaly has a long history of dividend cuts behind it. Volatile dividends are simply a part of the mREIT business model. If you buy AGNC Investment, or Annaly Capital, just because they have huge dividend yields, you are probably going to end up disappointed on the dividend front. If you buy them for their ability to provide a solid total return via an alternative asset class, well, you will likely be much happier. But you will need to reinvest the dividend to achieve strong long-term results. Before you buy stock in AGNC Investment Corp., consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and AGNC Investment Corp. wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $680,559!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,005,670!* Now, it's worth noting Stock Advisor's total average return is 1,053% — a market-crushing outperformance compared to 180% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of July 15, 2025 Reuben Gregg Brewer has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Is AGNC Investment a Yield Trap? The Answer Is Complicated. was originally published by The Motley Fool Sign in to access your portfolio
The Independent
11 minutes ago
- Business
- The Independent
What does a buoyant market mean for property developers?
West One Loans is a Business Reporter client Average UK house prices may exceed £300K in 2025, driven by rising demand, market optimism and renewed developer activity. The average UK house price could surpass the £300,000 threshold this year, as market sentiment is further buoyed by an increasing number of buyers returning to the market. This increase in demand is expected to allow developers to release equity in existing schemes at a greater pace and break ground on new projects – bringing more new homes to market in the process. The latest forecast by West One Loans, a leading provider of property finance and specialist mortgages, looks at the current and historic trajectory of UK house prices on a seasonally adjusted basis and how they are expected to perform over the year ahead. Property market on the up 2024 was a year of far greater stability in the property market, with Bank of England data showing that monthly mortgage approvals have sat north of the 60,000 per month threshold since February of last year. And with buyers returning to the market in their droves, the average UK house price currently sits 3.3 per cent higher than it did this time last year (Nov 24 - latest available). House prices forecast to climb further in 2025 2025 is set to be a year for greater positivity when it comes to house prices. In fact, perhaps surprisingly, all of the major industry commentators agreed over the past few months that house prices will increase in 2025. The most modest forecasts came from the Office of Budgetary Responsibility (OBR), which is forecasting a 1.1 per cent increase, with many of the big agents, such as Savills, JLL, Chestertons and Hamptons expecting an increase of between three to four per cent, while the Centre for Economics and Business Research (CEBR) has gone as far as estimating a 4.1 per cent increase. The forecast from West One Loans sits largely in line with those predicting a more buoyant picture for the year ahead. The firm's analysis of current and historic government data, adjusted to account for seasonal market fluctuations throughout the year, estimates that the average UK house price could climb by 3.5 per cent to 3.9 per cent over the course of 2025. Should the market meet this expectation based on the upper confidence level of the forecast by West One Loans, it would see the average UK house price tip the £300,000 threshold to hit £303,913. What does this mean for property developers? With the pace of the market set to quicken in 2025, property developers looking to take advantage of improving market conditions need to remain agile enough to move at the same pace in order to maximise the return seen on their investment. Not only is there a benefit to investing now before property values increase further, but in doing so, developers can reap the benefits of upward growth further down the line when they do bring their investment to market. In recent years, new-build stock has been slow to shift, largely because of the premiums associated with new homes and the affordability constraints placed on buyers by higher mortgage rates. Now, as the market gains momentum, developed units are likely to sell at a greater pace, allowing developers to release the equity stored in existing schemes to fund new ventures. Using short-term lending, such as bridging loans, is key in this respect, allowing many developers to move at speed, not just when it comes to new investments but also when hastening the speed at which they can complete renovation projects. 'The outlook for the year ahead is that the market will continue to improve from the ground made in 2024, and we've already seen a strong start to the year from those looking to utilise specialist lenders in order to capitalise on the growing opportunities that are emerging due to current market momentum,' says Co-Head of Short-Term Finance at West One Loans, Thomas Cantor. 'Many of those now utilising specialist lending are clients who have been dormant for the past couple of years, and this inactivity has largely been down to the slower pace of the new-build market. 'We've seen a slowdown with respect to demand for new-build homes and this has meant that developers have seen a great deal of equity tied up in existing developments, which has prevented them from pushing forward on their next project. 'However, this tide is certainly starting to turn and, with the expectation of a more buoyancy market over the next 12 months, we're now seeing these clients turn their focus to their next project and look to specialist lending to help get the ball rolling. 'Our ability to allow developers to utilise specialist lending during multiple stages of the journey has been vital in the current market and we're also seeing clients value the speed of delivery with respect to this finance, as it allows them to remain agile and capitalise on opportunities in a market where demand is increasing by the day.' House price forecast for 2025 conducted using 120 months of historical, seasonally adjusted house price data and an exponential smoothing forecasting model, including interpolation and accounting for seasonality with middle to upper confidence intervals given.
Daily Mail
11 minutes ago
- Business
- Daily Mail
This looks like nothing but an empty concrete lot - but what's underneath is actually worth $2MILLION
A concrete slab not much bigger than a driveway that has been used as a parking spot for years is now for sale. While the slab of concrete itself isn't worth much, the dirt that it's covering - in yet another indication of Australia's dire housing market - is worth millions because of it's location in the trendy Sydney suburb of Balmain. There's no waterfront view, in fact, at the rear of the property is a three-story high brick wall, and there's no backyard to speak of, yet the owners are confident of a quick sale and have listed it with a price guide of $1.5 million to $2 million. An inspection for the property was held on Saturday with respected real estate firm Spencer & Servi in charge of the sale. Director David Servi confirmed that an entire group of interested buyers showed up for the inspection and that he has received a lot more inquiries over the phone. 'Because it's a vacant block of land with a cyclone fence across the front of it, you can see the whole thing from the street,' he told 'And there's nothing to show them – I can't exactly show them the tennis court or the swimming pool.' The propety's listing on the website caslls it 'a rare and exciting opportunity in one of Sydney's most tightly held inner-west locations'. Houses in the area sell for a median asking price of $2.4 million and the 221sqm empty slab is a rare commodity in the built-up inner west suburb. The property is close to Balmain's 'vibrant' cafes and shops, is with walking distance of Sydney Harbour, and is close to bus and ferry transport links. 'Whether you're an architect, investor, developer, or owner-builder, this is your chance to secure a piece of blue-chip Balmain.' Earlier in the year a similar piece of land which was even smaller sold for $1.5 million in the same suburb. That property was only 134sqm and advertised as the 'ultimate blank canvas for your dream home'.
Yahoo
39 minutes ago
- Business
- Yahoo
Richfield home over 8,000 square feet sold in May. See how much it went for.
These are the top selling homes in Summit County in the most recent report available from the Summit County Fiscal Office. The property linked here in Richfield Township as the top seller for week of May 12, 2025, with a price of $1,069,262. The complete real estate transactions for Summit, Portage and Medina counties can be found be found below. 3454 Skye Ridge Dr, Richfield Township, $1,069,262 675 Preserve Ct, Fairlawn, $955,745 parcel 3010440 Darrow Rd, Hudson, $900,000 119 E Streetsboro St, Hudson, $860,000 6390 Ridgeline Dr, Hudson, $849,000 3600 Chapelton Ct, Richfield Township, $735,000 58 Jefferson Dr, Hudson, $689,000 226 S Bay Dr, New Franklin, $670,000 3010 Oaklawn Park Blvd, Stow, $655,000 4186 Conger Ln, Peninsula Village, $600,500 3857 Heron Watch Dr, Green, $580,000 763 Kensington Way, Copley Township, $561,000 518 Rothrock Ave, Akron, $555,000 1160 Neville Ave, $555,000 1061 Merton Ave, Akron, $555,000 1891 SW 2nd St, Akron, $555,000 2088 SW 17th St, Akron, $555,000 563 Madison Ave, Akron, $555,000 1052 Berwin St, Akron, $555,000 883 Bye St, Akron, $555,000 767 Roscoe Ave, Akron, $555,000 9970 Forest Lake Dr, Twinsburg, $535,000 2716 Hunters Ridge, Twinsburg, $525,000 1724 Stonington Dr, Hudson, $525,000 2001 Fairway Dr, Green, $510,000 9349 Sarah Ct, Twinsburg, $505,000 According to the Richfield home on Sky Ridge Drive was built in 1999 on a 1.01-acre lot. At a whopping 8,008 square feet, the home has five bedrooms, five full and two half bathrooms and at least a two-car garage, as seen in photos. The brick facade of the home gives of a traditional feel. Steps lead up to the front door, which is flanked by detailed windows and stately pillars. Upon entering the marble floored foyer, the curved grand staircase commands the space. Through there is the two-story great room, which is full of windows. A fireplace in the center of the room with a massive mirror on top of it is an undeniable focal point. The library features a prominent fire place as well, with a dark wood mantle and built-ins on either side. The kitchen includes detailed woodwork in the cabinetry and what appear to be top of the line appliances, as seen in photos. There's also lots of counter space with a big island that has an extension. Each bedroom appears to be spacious and have high ceilings. The primary suite has a large en suite bathroom with double vanities, marble tiles floors and a large soaking tub. The finished lower level includes a bar, fireplace, rec room, work out room and a sauna. Outside, there's a brick-paved patio and expansive yard on the acre property. See photos of the home here. 518 Rothrock Ave, $555,000 1181 Grandview Ave, $40,000 1308 Sparhawk Ave, $50,000 650 Seiberling St, $83,261 parcel 6725180 S Hawkins Ave, $165,000 1150 Chandler Ave, $170,000 792 Hayden Ave, $144,000 926 Triplett Blvd, $100,000 61 Quaker Ridge Dr, $164,900 1314 Ada St, $86,200 548 Eastland Ave, $110,000 511 Gridley Ave, $75,000 785 Hickory St, $230,000 2491 Cedar Creek Ln, $260,000 957 Owen Ave, $1 26 Borton Ave, $285,000 1172 Greenwood Ave, $41,000 861 Yale St, $97,500 1223 Pitkin Ave, $142,000 1021 Lawton St, $57,300 265 Russell Ave, $75,400 1160 Neville Ave, $555,000 387 Chittenden St, $75,000 921 Baird St, $105,000 1027 Yale St, $42,500 1440 Bellows St, $219,900 534 Cole Ave, $151,000 2933 Unclmorse Ave, $164,000 1654 Greenlawn Ave, $177,000 295 E Tallmadge Ave, $82,000 2761 Rising Meadow Dr, $450,000 975 Eaton Ave, $220,000 851 Carlysle St, $145,000 1011 Annapolis Ave, $125,000 1508 Hyde Park Ave, $105,600 1095 Chalker St, $115,000 parcel 6704081 Pitkin Ave, $142,000 634 Alaho St, $217,000 1891 SW 2nd St, $555,000 50 Harcourt Dr, $155,000 1457 Apple Ct, $225,000 1198 Welsh Ave, $47,500 1141 & 1143 Santee Ave, $125,000 855 Yale St, $97,500 153 Cutler Pkwy, $60,000 275 N Portage Path, $129,500 420 Grace Ave, $95,000 472 St Leger Ave, $111,900 1791 Gless Ave, $57,160 1061 Merton Ave, $555,000 parcel 6730367 Woodland Ct, $245,000 214 Elmdale Ave, $310,000 parcel 6858671 Sherwood Ave, $127,000 2088 SW 17th St, $555,000 1032 Berwin St, $75,000 1754 Glenmount Ave, $205,000 191 N Firestone Blvd, $219,900 455 Stanley Rd, $173,500 parcel 6761479 Alaho St, $217,000 474 E Crosier St, $4,700 923 Redfern Ave, $143,000 1082 S Hawkins Ave, $165,000 1197 Sherwood Ave, $127,000 841 Aberdeen St, $70,000 1167 MC Intosh Ave, $39,000 563 Madison Ave, $555,000 392 Rexford St, $42,000 parcel 6815914 Wheeler St, $1 2428 Briner Ave, $185,000 1052 Berwin St, $555,000 379 Ellen Ave, $215,000 126 Alden Ave, $180,000 219 Shawnee Path, $1 890 Eva Ave, $103,000 1345 Ottawa Ave, $122,700 1367 Dewitt Dr, $169,900 parcel 6818521 Grandview Ave, $40,000 1458 Westvale Ave, $250,000 95 Hillman Rd, $50,000 1267 Mount Vernon Ave, $95,000 2354 Savoy Ave, $138,100 1350 W Exchange St, $385,000 958 Carpenter St, $90,000 159 E Ido Ave, $44,000 1975 SW 6th St, $245,000 883 Bye St, $555,000 767 Roscoe Ave, $555,000 1493 Hobart Ave, $145,000 1328 Dietz Ave, $60,000 1109 Santee Ave, $110,000 1196 E Archwood Ave, $107,000 548 Inman St, $75,000 877 Garfield St, $36,000 856 Roslyn Ave, $176,550 1584 Hampton Rd, $50,000 827 Inman St, $100,000 342 N Adams St, $97,500 1042 Neptune Ave, $95,220 234 Wheeler St, $320,000 146 Conger Ave, $239,900 752 Chalker St, $96,400 159 Yonker St, $170,000 1371 Benton St, $60,600 28 24th St NW, $155,000 80 Hazelwood Ave, $67,300 579 Robinson Ave, $202,000 242 011001 28th St SW, $170,000 32 21st St NW, $86,500 230 E Lake Ave, $60,000 122 Beech St, $139,000 4257 Cliff Spur Dr, $125,000 1907 Medina Line Rd, $275,000 763 Kensington Way, $561,000 3832 S Sunnyfield Dr, $200,000 931 Kirkwall Dr, $142,000 2424 Hennetta Ave, $135,000 1471 Belle Meade Rd, $300,000 4088 Manchester Rd, $265,000 1623 23rd St, $105,000 133 Jennings Ave, $196,133 1150 Ruth Ave, $230,000 1843 Windsor St, $124,187 2643 Hawthorne Rd, $211,000 1843 Windsor St, $200,000 119 Lincoln Ave, $99,000 1653 19th St, $248,000 1807 & 1809 Grant Ave, $215,000 1136 Myrtle Ave, $130,000 1908 Valley Rd, $162,500 2691 Owaisa Rd, $240,000 119 Lincoln Ave, $149,000 83 Pierce Ave, $184,000 108 Victor Ave, $215,000 24 Alameda Ave, $163,000 723 Roosevelt Ave, $297,000 508 Franklin Ave, $230,000 844 Tallmadge Rd, $211,000 1231 Treasch Dr, $217,500 1949 10th St, $230,000 3319 Brookside Ln, $255,000 515 Meredith Ln, $144,900 1649 Frank Ct, $375,600 520 Meredith Ln, $96,500 parcel 3700917 Boulder Blvd, $480,000 2142 Pinebrook Trl, $179,900 4996 Lake Forest Dr, $455,000 parcel 3700922 State Rd, $480,000 2365 Covington Rd, $175,000 836 Miramar Ln, $143,000 830 Village Pkwy, $480,000 301 Owosso Ave, $260,000 3328 Edington Rd, $402,000 780 Miramar Ln, $143,000 3675 Preserve Ct, $955,745 493 Gresham Dr, $400,000 4325 Evergreen Ct, $62,220 3020 Bickleigh Ave, $442,000 1010 Bud Dr, $215,000 1226 Elowen Way, $277,000 3857 Heron Watch Dr, $580,000 2136 Beechtree Dr, $270,000 2425 Island Dr, $142,000 3424 Stratford Green, $265,000 3479 Alder Ave, $297,990 395 Hemsley Ave, $193,000 4270 Sunnyview Dr, $250,000 3402 Buckeye Trl, $400,000 3987 Crest View Dr, $457,705 3464 Alder Ave, $304,990 2001 Fairway Dr, $510,000 523 Atterbury Blvd, $345,000 58 Jefferson Dr, $689,000 119 E Streetsboro St, $860,000 7436 Woodyard Rd, $360,000 79 Atterbury Blvd, $180,000 5804 Bradford Way, $393,000 1724 Stonington Dr, $525,000 6390 Ridgeline Dr, $849,000 430 Barlow Rd, $145,000 parcel 3010440 Darrow Rd, $900,000 1587 Ackers Ave, $82,000 861 Sioux Ln, $198,000 1038 Woodlawn Dr, $421,400 617 Valley Brooke Ln, $373,000 8264 Shepard Rd, $245,000 3745 Orchard St, $200,000 226 S Bay Dr, $670,000 5963 Dailey Rd, $179,000 6639 Grove Rd, $140,000 41 Hazel Dr, $161,000 180 Northfield Ave, $225,510 719 Brookside Ln, $391,000 60 May Ave, $203,000 151 Kennedy Blvd, $258,000 3725 Alumina Dr, $75,705 3770 Alumina Dr, $75,705 4648 Krancz Dr, $170,000 4309 Cleveland Massillon Rd, $4,000 4186 Conger Ln, $600,500 10490 Maryland St, $409,000 3600 Chapelton Ct, $735,000 3454 Skye Ridge Dr, $1,069,262 8063 Rolling Brook Rd, $321,000 8613 Countryside Dr, $400,000 4750 Squire Dr, $402,000 708 Rehwinkle Rd, $105,000 113 Old North Rd, $425,000 11921 Timberidge Cir, $145,000 1722 Graham Rd, $280,000 431 Lessig Ave, $140,000 parcel 5110133 Pine Lake Trl, $414,325 2660 & 2664 Massillon Rd, $152,000 parcel 5105007 Portage Line Rd, $6,000 2391 Lyndon Dr, $414,325 2733 E Waterloo Rd, $116,000 parcel 5108159 Lyndon Dr, $414,325 5373 Park Vista Ct, $382,000 4906 Independence Cir, $195,000 4325 & 4327 Cherryhurst Dr, $321,000 3533 Lakeview Blvd, $248,000 2714 Wexford Blvd, $210,000 3010 Oaklawn Park Blvd, $655,000 963 Sunset View Blvd, $246,500 674 Atwood Dr, $380,000 127 Brewster Dr, $389,070 701 Crossings Cir, $243,000 219 Dunbar Rd, $335,000 571 Clark Dr, $233,000 159 Benjamin Way, $469,890 228 Dunbar Rd, $177,500 540 & 542 Pheasant Run, $301,000 978 Maple St, $197,125 9053 White Oak Dr, $280,000 9970 Forest Lake Dr, $535,000 2716 Hunters Ridge, $525,000 9349 Sarah Ct, $505,000 1723 Laurel Dr, $250,000 10790 Ravenna Rd, $105,000 1780 Rolling Hills Unit D Dr, $178,000 10028 Deerfield Ct, $370,000 9317 Sasha Ct, $400,000 4273 Industry, $40,000 3019 New Milford, $250,000 3451 Hanover, $155,000 390 Vista Ln, $360,000 499 Robinhood, $267,000 655 Winslow Dr, $404,000 415 Honeysuckle Path, $275,000 855 Nautilus Tl, $630,000 410 River Glen, $675,000 439 Oak Hollow Rd, $750,000 962 Penny Ln, $629,348 10029 Cummins, $120,000 5393 St Rt 225, $2,000 9619 Limeridge Rd, $900,000 2633 St Rt 59, $775,000 8054 Wolff Dr, $419,300 8144 Meadow Run, $255,000 8293 Water, $219,000 5765 St Rt 82, $325,000 1196 Leonard BV, $253,400 1547 Statesman Pl, $105,000 1430 Loop, $198,000 208 Elm St E, $216,200 1232 Morrow, $280,000 1418 Brookdale, $220,000 4487 Vista Cr, $560,000 6263 Fifth, $140,000 3486 Pioneer Tl, $669,000 21 Waterloo, $200,000 317 Elm, $158,500 parcel 31-361-14-00-080-000 Mckinley, $24,000 parcel 31-361-14-00-082-000 Mckinley, $24,000 parcel 31-361-14-00-081-000 Mckinley, $24,000 parcel 31-361-14-00-082-001 Mckinley, $24,000 3397 Lake Rockwell Rd, $255,000 5662 St Rt 14, $393,815 6781 Booth, $279,900 5127 Rootstown, $360,500 627 Martin Rd, $350,000 3752 Summit, $227,500 761 Antler Tl, $310,500 9450 Briar, $189,000 2626 Clermont, $230,000 Keller-Hanna Dr, $240,000 4103 Keller-Hanna Dr, $240,000 5236 Creekside Blvd I-36, $120,800 785 Gallo Dr, $360,000 803 Westminister Dr, $320,000 3236 Broadleaf Way, $357,500 5311 Millcreek Blvd, $192,000 1195 Kent Dr, $352,000 1846 Hobbits Way, $235,000 172 Westchester Dr, $215,100 4016 Canterbury Dr, $370,000 90 Euclid Ave, $125,000 2594 Canyon Creek Dr, $585,000 785 Stony Hill Rd, $295,000 Weymouth Rd, $28,388 3395 Avon Lake Rd, $330,600 501 Hinterland Ct, $280,000 8228 Vandemark Rd, $445,000 1164 Starboard Dr, $305,000 561 Falling Oaks Dr, $308,000 6530 Branch Rd, $250,000 233 N Elmwood St, $199,000 5562 Cranmer Cir, $424,900 528 E Washington St, $319,500 1193 Forecastle Trl, $310,000 4485 Luckystone Way, $596,400 4079 N Jefferson St, $475,500 West Park Blvd, $40,000 3827 Abbeyville Rd, $282,500 5699 Chippewa Rd, $193,000 6470 Stoneyridge Dr, $392,830 6456 Torington Dr, $850,000 Chippewa Rd, $193,000 1030 W Liberty St, $2,634,000 1006 Gentry Dr, $290,000 6439 Wadsworth Rd, $244,640 126 Bar Harbor Blvd, $319,000 6881 Lake Rd, $371,000 5589 Coverdale Way, $500,000 4081 N Jefferson St, $475,500 4083 N Jefferson St, $475,500 5540 Arapaho Way, $427,000 6344 Merion Ln, $480,000 3722 Watkins Rd, $250,000 997 Continental Dr, $400,000 3834 Falcon Ridge Dr, $550,000 Chippewa Rd / Lake Rd (R), $193,000 8204 Chatham Rd, $365,000 6478 Stoneyridge Dr, $430,455 Chatham Rd (R), $365,000 6032 Emerald Lakes Dr, $400,000 6278 Hollow Ln, $419,900 5695 Emerald Lakes Dr, $339,000 4077 N Jefferson St, $475,500 6443 Silverstone Ln, $310,000 208 Boone Trl, $60,500 181 Cumberland Trl, $285,405 9538 Shaw Rd, $217,000 6844 Center Rd, $385,000 1201 Ledgestone Dr, $435,000 247 East St, $26,300 225 Country Meadow Ln, $498,320 907 Devonwood Dr, $335,000 221 East St, $175,000 189 Ry Rd, $495,000 8821 Westfield Rd, $305,000 This article originally appeared on Akron Beacon Journal: Richfield home over 8,000 square feet sells for $1 million
Yahoo
39 minutes ago
- Business
- Yahoo
Storage Post Self Storage Expands In New York City
Leading Self-Storage Company Acquires Three Additional Facilities in Manhattan and Brooklyn NEW YORK, July 16, 2025--(BUSINESS WIRE)--Storage Post Self Storage increases its presence in the Big Apple with the purchase of three Sofia Storage locations. These pre-established properties are strategically located in high-demand areas within Manhattan and Brooklyn and will allow Storage Post to bring its exceptional self-storage services to thousands of new customers. The newly acquired facilities are located at: Storage Post Upper West Side, 475 Amsterdam Avenue, New York, NY Storage Post Prospect Heights, 491 Bergen Street, Brooklyn, NY Storage Post Washington Heights, 4396 Broadway, New York, NY "There's no shortage of demand for self-storage in New York, but premium locations are a lot harder to find. These properties are already well established in their neighborhoods, and Storage Post looks forward to continuing to serve the existing customer base, as well as attracting new customers," explains Director of Acquisitions, Jack Giannola. "We already have a very strong presence in New York, so we understand what customers will expect and look forward to serving their self-storage needs." With decades of industry expertise and a portfolio spanning New York, New Jersey, Illinois and Louisiana, Storage Post is known for its state-of-the-art facilities and customer-first approach. The new properties will be outfitted with Storage Post's array of premium amenities, including climate-controlled units, covered indoor loading, 24/7 video surveillance and digital security systems. Storage Post's acquisitions team worked with several partners to support the transaction, including: JLL Investment Sales Advisory Team: Brendan Maddigan, Andrew Scandalios, Ethan Stanton, Hall Oster and Vickram Jambu JLL Debt Advisory Team: Steven Klein and Robert Tonnessen Tim Podboy, Managing Director, Real Estate Debt, Heitman "We're grateful for the strong collaboration from both commercial real estate brokers and debt providers, whose efforts helped ensure a smooth and efficient transaction for all parties involved," said Giannola. "The high-profile locations of these three properties cater perfectly to the commercial self-storage market," said Maddigan. "Storage Post saw tremendous upside in this portfolio thanks to the combination of premier New York City submarkets and the self-storage sector's significant growth." "Storage Post's impressive track record, combined with their extensive market expertise and operational excellence, created a compelling investment in a sector that continues to demonstrate strong fundamentals," added Klein. Storage Post's acquisitions team anticipates adding several more locations through existing property acquisitions over the next year, both in New York and other U.S. markets. For more information about Storage Post and its locations, visit About Storage Post Self Storage Storage Post is a leading self-storage company that is transforming the storage industry. The company focuses on quality products, operational excellence, positive customer service and increased returns for investors. Storage Post has locations along the East Coast and throughout the South and Midwest and is rapidly expanding through self-storage acquisitions and development. For more information on Storage Post, visit About JLL For over 200 years, JLL (NYSE: JLL), a leading global commercial real estate and investment management company, has helped clients buy, build, occupy, manage and invest in a variety of commercial, industrial, hotel, residential and retail properties. A Fortune 500® company with annual revenue of $23.4 billion and operations in over 80 countries around the world, our more than 112,000 employees bring the power of a global platform combined with local expertise. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAYS. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit View source version on Contacts Acquisitions Contact:Jack GiannolaDirector of Acquisitions201-679-6790Jgiannola@ Media Contact:Steve Gruver404-201-6611sgruver@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
