Bullas

REAL ESTATE

Bullas

Washington

CONDO 

Washington, DC, DC Condos – Condos for Sale in Washington, DC, DC

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There are currently 1296 condos for sale in Washington, DC at a median listing price of $500K. Some of these homes are “Hot Homes,” meaning they’re likely to sell quickly. Most homes for sale in Washington, DC stay on the market for 38 days and receive 3 offers. Popular neighborhoods include Del Ray, The Palisades, Logan Circle, Adams Morgan, Northwest Washington, Crystal City, Petworth, Dupont Circle, Anacostia, Navy Yard, Capitol Hill, Georgetown, North Rosslyn, Northeast Washington, and Takoma-DC. This map is refreshed with the newest listings in Washington, DC every 15 minutes.

In the past month, 946 homes have been sold in Washington, DC. In addition to houses in Washington, DC, there were also 1845 condos, 1099 townhouses, and 110 multi-family units for sale in Washington, DC last month. Washington, DC is a fairly walkable

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HOME VALUES 

Washington Real Estate Investment Trust: DC Metro Stability And Redevelopments Will Fuel Long-Term Growth (NYSE:WRE)

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Thesis

Washington Real Estate Investment Trust (WRE) (“WashREIT”) has exposure to an extremely stable market in the Washington DC metro area. Its properties cover ground in downtown DC, northern Virginia, and Maryland suburbs. The diversified REIT boasts multifamily, office, and retail holdings.

Management has de-risked its portfolio by transitioning to lower-cap rate, lower-risk, and higher-growth suburban multifamily properties. Capital recycling from high-cap rate to lower-cap rate properties has resulted in a short-term decrease in core funds from operations per share and an underperforming stock price. However, the company is well-positioned for the long term with a suburban multifamily focus.

The sector and market focus position the company to benefit from population and employment migration to the region, as well as a continued housing shortage. WashREIT is undervalued due to its diversified nature and recent core FFO per share declines. Suburban office is stable, and retail makes a small portion of

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HOMES 

American Homes 4 Rent Opens Bella Vista Community in Marysville, Washington

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AGOURA HILLS, Calif., Sept. 29, 2020 /PRNewswire/ — American Homes 4 Rent (NYSE: AMH) is pleased to introduce Bella Vista in Marysville, Wash., which joins its rapidly growing family of newly built single-family rental home communities. Bella Vista is American Homes 4 Rent’s (“AH4R”) 58th new rental home community and its fourth in the Seattle market, building upon the success of its Autumn Crest, Liberty Meadows and Royal Firs communities.

“American Homes 4 Rent is meeting the demand for new rental housing in the Greater Seattle market with our new Bella Vista community,” said Zack Johnson, Executive Vice President of Acquisitions & Development for AH4R. “We continue to deliver well-located communities through our one-of-a kind AMH Development homebuilding arm that is America’s leading builder of communities for rent.”

Bella Vista adds 24 homes built and operated by AH4R to its existing portfolio of more than 800

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HOMES 

Nursing homes in Washington state struggled with adequate staffing for years. Then coronavirus struck.

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In early March, state inspectors entered a sprawling nursing home in the rural southeast corner of King County where concerns over thin staffing were mounting just as COVID-19 began to spread across the state.

One resident inside the Enumclaw Health and Rehabilitation Center said she hadn’t been bathed for nearly three weeks after she first arrived, according to inspection records. Another described waiting roughly 15 minutes for help after her roommate fell on the floor, while others told of even longer waits for help, lasting 45 minutes or more.

“Sometimes there are so few people in the building,” the resident told inspectors, “if there were an emergency, it would be a calamity.”

Within weeks, coronavirus entered the nursing home, and workers scrambled to help ailing residents, as some got sick themselves. In all, the outbreak killed 26 people, according to the state.

As COVID-19 devastated nursing homes across the state,

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