https://www.weidner.com/Apartments/module/blog/action/view_content
29
Sep 17

Weidner Welcomes Summit Pointe in Oklahoma City!

weidner-welcomes-summit-pointe

Weidner is pleased to welcome Summit Pointe Apartment Homes in Oklahoma City, OK. Summit Pointe marks the third Weidner acquisition in Oklahoma City and we couldn’t be more pleased to offer quality apartment living to the residents of this great city.

Where Convenience and Style Meet

This 184-unit, newly renovated community offers a wide range of amenities that speak to resident’s need for style and convenience. Residents will enjoy a choice of two and three bedroom apartment homes including a chef-inspired kitchen, a generous amount of living space, walk-in closets, and full-size washer and dryer connections.

Community amenities feature manicured paths that lead to a sparkling pool, barbeque area, covered playground, and garages in select homes. These amenities make life just a little sweeter when residents can enjoy vacation-style living without ever getting in their cars.

Best of all, Summit Pointe is a pet-friendly community and offers a fully fenced onsite dog park so pets can have a place to romp and explore, too!

Summit Pointe is conveniently located near shopping, dining, and entertainment, just minutes from I-240 and I-35. The popular Chatenay Square shopping center is nearby, as are banks, grocery stores, schools, and employers.

To schedule a personal tour of this stunning community, contact us. We’re excited to meet you!

Here’s a little more information about your new neighborhood:

About Oklahoma City

Known for its cowboy-style culture, Oklahoma City offers an eclectic mix of dining, shopping, and entertainment that appeals to a variety of tastes and styles.

Take a tour of the National Cowboy & Western Heritage Museum and get a feel for the city’s history. Take a walk through the Myriad Botanical Gardens for a taste of nature across 17 acres. Indulge in some artful culture at the Oklahoma City Museum of Art or the American Banjo Museum. Treat the family to a day at White Water Bay, a seasonal water park with thrill rides and outdoor movies. Spend some time in nature at Arcadia Lake or Lake Hefner.

Several large employers make their home in Oklahoma City including Tinker Air Force Base, University of Oklahoma, Integris Health, Mercy Hospital, and Hobby Lobby.

For a list of events and things to do, check out VisitOkc.com.

Welcome home to Oklahoma City!

-The Weidner Team

 

Do you have a multi-family investment opportunity you think we might be interested in? Please contact our Vice President of Acquisitions, Kevin Colard, at Kevin@Weidner.com or 425-250-2955

 

 

5
Sep 17

4.6 Million New Apartment Homes Needed by 2030

Weidner Apartment Homes

In a recent press release issued by the National Multifamily Housing Council and the National Apartment Association, 4.6M new apartment homes will need to be constructed in the U.S. by 2030 to keep pace with current and future demands. Currently, there are close to 39M apartment residents, exceeding industry capacity.

  • “In the past five years, an average of one million new renter households were formed every year, which is a record amount.
  • It will take building an average of at least 325,000 new apartment homes every year to meet demand; yet, on average, just 244,000 apartments were delivered from 2012 through 2016.”

What led to this increased demand? It’s a perfect storm brewing in the multifamily industry, combining factors that include aging population, population growth through immigration, and a decline in home purchases.

New lifestyle trends reflect new demands. Not as many people are buying homes and those that typically buy are doing so later in life. “We’re experiencing fundamental shifts in our housing dynamics, as more people are moving away from buying houses and choosing apartments instead. More than 75 million people between 18 and 34 years old are entering the housing market, primarily as renters,” said Dr. Norm Miller, Principle at Hoyt Advisory Services and Professor of Real Estate at the University of San Diego. “Apartment rentals are on the rise, and this trend is expected to continue at least through 2030, which means we’ll need millions of new apartments in the U.S. to meet the increased demand.”

Aging also has a significant impact on the increased need for apartment housing. “People ages 65-plus will account for a large part of population growth going forward across all states. The research shows older renters are helping to drive future apartment demand, particularly in the northeast, where renters ages 55-plus will account for more than 30 percent of rental households.”

Building regulations and the amount of land available for development are just some of the challenges the U.S. apartment market is facing. Multifamily industry leaders are looking for ways to work with government policy makers to “lower barriers to development and better address the current and future housing shortage.”

For further information, visit www.WeAreApartments.org.

 

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