Cincinnati Area Real Estate Exchangors - CAREX

07/16/2025

OCREE is right around the corner, this is your invite. If you work with real etstae investors and want a way to grow their portfolio and grow your own with a great network of brokers you should attend.

Please see the information below and the attachment about the upcoming OCREE class and marketing session. Points to remember:

1. Friday July 18th is the deadline to guarantee your room rate at our host hotel. Even if you aren't sure that you are coming to this event, take a moment and click that link or call the hotel to make that reservation so you will have it.

2. Please think of all the people that you do business with or interact with in your real estate business or exchange groups that could use a Client Counseling class.

If you have any questions, comments, concerns, etc please reach out to here or to Mike Lane or Doug Smith. Thank you to Peter West and Stewart Scovil for helping to make these events a success!

We have a really great session planned this year with Peter West teaching on Sunday - The Art of Client Counseling, Building Better Client Relationships. You will not want to miss this.

In addition to two awesome days of Marketing, moderated by Peter West and Stewart Scovill, we have two fun social events:
- Sunday Night we will be going to Top Golf for food, drinks, networking (and some golf if you so choose)
- Monday Night we have reserved a space at DoG Distilling, one of the newest distilleries in the area where we will have specialty cocktails and a fantastic Food Truck. Come out and learn more about your colleagues and continue the deal making conversations from the Monday session.

For those coming from out of town, please reserve your room as soon as possible. The deadline to guarantee your room is this Friday, July 18th: Book Hotel Room At Drury

Early Bird payment can happen through July 31st . . . . But if you are planning on attending, please fill out the following so we can get your information and get an early headcount.
2025 OCREE Marketing Session Attendance

For Details and Payment - see the attached Marketing Session Information and Details.

Thanks to all of our sponsors including LandSel Title - our Presenting Sponsor!!

04/09/2025

If you have not been to an exchange meeting and want to see what it's all about, this is the best meeting of the year. KREE's Derby Marketing Session in Louisville.

2025 KREE Derby Marketing Session at Louisville Marriott East on Sun Apr 27 2025, 09:00am EDT: Join KREE April 27 - 30 for the annual Derby Marketing...

08/08/2024

Did you know five states do not participate in the multi-state/ "national" background check system? They are Wyoming, South Dakota, Kentucky, Delaware and Massachusetts. I am in Kentucky.

However, all 50 states do pick up the s*x offender registry.

If you are working in one of those states I have only found one company that can help you get that information, Tenant Reports. Contact my rep Kevin Basgul [email protected] he will take care of you. Tell him I told you to reach out.

07/30/2024

From CRE Daily:
Multifamily Absorption Surges in Key Metro Areas
texas multifamily boom
Despite an overall excess in multifamily supply, certain U.S. metro areas are experiencing a notable demand surge.

Record-Breaking: In Q2 2024, multifamily absorption reached a 24-year record with 390,000 net units leased over the past 12 months, the highest annual figure since 2000. This surge led to a drop in multifamily vacancies by 10 basis points, despite the overall imbalance in supply and demand.

Top markets: A handful of metro areas are outperforming others significantly. The top 10 markets for multifamily demand are Dallas-Plano-Irving, TX; Austin-Round Rock, TX; Phoenix-Mesa-Scottsdale, AZ; Houston-The Woodlands-Sugar Land, TX; New York-White Plains, NY; Atlanta-Sandy Springs-Roswell, GA; Denver-Aurora-Lakewood, CO; Nashville-Davidson-Murfreesboro-Franklin, TN; Washington-Arlington-Alexandria, DC-MD-VA; and Seattle-Bellevue-Everett, WA.

Concentration of demand: From April to June 2024, the net absorption across the 50 largest apartment markets totaled 161,700 units. Remarkably, the top 10 markets accounted for 61,110 units or 37.8% of the total absorption, reflecting their strong demand.

➥ THE TAKEAWAY
Big picture: Demographic shifts and business relocations from northern and eastern U.S. regions to the south and west have spurred housing demand in these high-growth areas. Despite an initial oversupply, these markets have shown strong leasing activity due to their rapidly expanding populations.

07/26/2024

The education session has been approved for 6 hours OH CE! How can you pass this up?

07/25/2024

I have been stearing my clients to add small industrial to their portfolio for some time. The demand is very high in good and bad economic times, Now the cost to build is so expensive developers have to buid huge buildings. What is demand for small warhouse in your market?

From CRE Daily:

Rexford Navigates Industrial Market Slump with Smaller Warehouses

Rexford Industrial Realty (REXR) is thriving amid a national warehouse slump by focusing on smaller buildings.

Going small: The Los Angeles-based REIT reported a 2.7% vacancy rate in June, outperforming the Southern California infill market's 3.9% and the national average of 7.1%. Rexford's strategy centers on smaller warehouses averaging 26,000 square feet, leading to higher occupancy rates.

By the numbers: Despite a 4% rent increase, tenants are renewing leases, anticipating future market-wide rent hikes. The firm's executives highlight the high entry barriers in Southern California for similar warehouse sizes, contributing to their stable tenant base.

Earnings report: In Q2, Rexford achieved a net income of $79.8M, a 55% increase from the previous year. Total revenues climbed to $237.6M, a 21% rise. As a result, JPMorgan adjusted the price target for Rexford Industrial Realty, increasing it to $52.00 from the previous figure of $47.00.

Zoom out: Nationally, net absorption for industrial properties fell to 45.5 million square feet from 74.4 million square feet the previous year. Southern California's industrial market is experiencing increased vacancies due to reduced consumer spending, with projections indicating this trend will continue.

➥ THE TAKEAWAY

Looking ahead: Rexford anticipates some near-term volatility but remains optimistic about long-term rent growth in Southern California. They're keeping an eye on 3PL tenant losses, tariff changes, and power supply issues. Meanwhile, Prologis (PLD) reported an 18% revenue drop last quarter due to rising vacancies and decreased demand post-pandemic, now shifting focus to data centers and AI for future growth.

07/24/2024

Don't forget our Education & Marketing session Aug 29th & 30th in Covington!

07/24/2024

OCREE is holding its annual education and marketing session this Sunday, Monday and Tuesday. If you are an agent/ broker working with investors you should make a point to attend.