Tuesday, May 26, 2009

Collegiate Management Launches Property Recovery Division as Student Housing Sector Faces Increasing Woes Due to ... (Multi-Housing News)

Irving, Texas--To tackle bankruptcy, foreclosures and other issues the student housing sector is facing as a fallout of the recession, Collegiate Management Group LLC has formed Collegiate Management Group Property Recovery Division, designed to provide owners of struggling student housing properties with turnaround management services., more 
and Incentives act to revive housing market (Financial Times)  In one of the most sought-after areas of West University – an exclusive enclave in Houston – sits an empty house that was for sale a year ago at $1.7m (£1.1m) and has been reduced twice, most recently to $1.39m., more 

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