#multifamily renovation in Houston
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renurenovationcompany · 3 months ago
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Top General Contractors in Houston for Multifamily Renovation: Renu
For multifamily renovation, Renu stands out as a premier choice for general contractors in Houston. We specialize in transforming outdated properties into modern, functional spaces that enhance both aesthetic appeal and operational efficiency. Our team of experienced professionals is dedicated to managing every aspect of your renovation project with precision and care, ensuring timely completion and adherence to budget. Whether you're looking to upgrade interiors, improve energy efficiency, or revitalize common areas, Renu delivers high-quality craftsmanship and innovative solutions tailored to meet the unique needs of multifamily properties. Trust Renu to bring your renovation vision to life with excellence and professionalism.
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custombuildershouston · 10 months ago
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Houston Real Estate Investment Opportunities for Accredited Investors
Houston Texas has many vibrant construction real estate investment opportunities for accredited investors and novice investors alike. Houston has proven to be a very resilient housing market the past 30 years. Most recently the past 5 years the city has withstood the collapse of oil prices and an estimated 81,000 lost jobs during that same period, according to the Associated Press. During this period more than 100 companies filed for reorganization under federal bankruptcy guidelines.
According to the New York Times the Houston metro area is still growing by 400 people a day and is building 40,000 new single family housing units a year. Houston has consistently built between 35,000 – 45,000 homes since the apex of the financial crisis in 2009. The New York Times issue went on to say that Houston is the largest single family new home market in the nation representing 7% of the nations residential construction.
For the purpose of this article we will limit our discussion to value added construction real estate opportunities for investors in Houston.
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What are the Houston Investment Opportunities?
There are many different asset classes of construction real estate investment in Houston. They can be easily be classified as short term investments and long term investments. Short term investments are described as less than one year, while long term investments are greater than one year.
Like any other commodity these different housing types go through cycles contingent upon market demand and supply forces.
Short Term Investments
Foreclosure Homes – Foreclosure homes have long been a viable source for investors. During the 2009 financial crisis the inventory levels of foreclosures spiked in Houston nearly 14,000 homes. The current inventory level of foreclosures 4,000 homes a year. This small inventory of foreclosures tend to maintain market value pricing, thus making them far less attractive as an investment.
Harvey Storm Damaged Homes – Harvey flooded 40,000+ single family homes and an additional 35,000+ apartments. It is difficult at this time to determine how many of these homes will be repaired and how many will be sold as is. In addition it is estimated that more than 60% of the homes flooded did not have flood insurance.This dynamic market condition will cause pricing to zigzag for some time to come. At this point in time lot values have held to market price for future homes. As more lots come on the market, the prices are expected to fall between 10%-20%. The prices for many of the current storm damage older homes are currently being offered at lot value.An investor would need to carefully inspect the older homes in order to determine the repair cost versus tearing it down for building a future home. Prices are likely to be unstable for some time to come.
Metro Houston Lots – Metro area older lots continue to be attractive investments for investors considering tear down strategies or full home renovations strategies.
Undervalued Homes – Although not easy to locate these types of assets in these current market conditions, there are always homes that either stay listed on the market and do not sell or are in need of a great deal of work and do not sell. These homes require close inspection but if the location is good and the numbers work, these can be sold short term transaction returns.
Metro Houston Older Multifamily Projects – Older metro multi-family investments make for excellent investments with multiple exits strategies. The key to these deals is a location that provides mass transit, in transitional neighborhoods and close to shopping. These prospective properties typically need fundamental replacement products like a new roof and cosmetic updates for the interior, such as paint and new flooring.
Long Term Investments
Luxury Spec Home Construction – Luxury spec homes are good investments for investors that like higher capital investments that offer interest and equity returns. The Houston luxury home market (>$1M) expanded 20% year over year from 2016. New luxury home inventory has steadily reduced the past 3 years. Close in lot inventory in minimal and remains in high demand when it comes on the market in the form of a tear down.
Small Multi Unit Home Developments – Small multi unit new home gated developments are in big demand. Finding desirable lot locations that can be subdivided is the key to these types of investments. These developments can be very attractive returns, but require large cap investments from investors and/or lenders.
Luxury Multi Family Homes – Although the multifamily metro market is not in demand as single family, luxury multifamily projects can be a good strategy for high land prices in the most desirable locations. Condo’s have been overbuilt but are a very attractive housing solution for the international migration that Houston is experiencing.
Why is Houston a good market for investment?
Houston is an excellent construction real estate investment market for small and large accredited investors. While the commercial office building investment market tries to recover from the oil industry struggles the past few years, Houston is still considered a top 10 city for investors based upon annual returns and the economic outlook.
We will examine the fundamentals that make Houston a investment city of the future.
Employment & City Growth – Houston represents 24% of the Texas population but accounts for 32% of the states job growth according to the Houston Partnership. e The construction sector is twice the level as the US average of jobs.
Cost of Living – Housing is 22% less than the national average and the general cost of living s 10% below the national average.
Housing Affordability – As mentioned Houston housing is 24% lower than the national average. Medium price of a home is $164,000 with a medium income of $58,000 making Houston attractive for workforce and professionals alike.
Shortage of Home Inventory – Home builders have already been struggling with labor sources and challenged to keep up with new housing demand in Houston. Now with during the Harvey aftermath, housing shortages are expected to continue for many years.
Diversified Local Economy
World Class Medical Center – The largest medical center in the world receives 8 million patients a year including 18,000 international patients.
No State or Local Income Taxes – The State of Texas and City of Houston do not impose income taxes.
Port of Houston – Is one of the largest ports in the US. International trade represents a significant portion of Houston’s commerce.
Summary
The City of Houston is one of the elite metropolitan areas that continues to increase in population and remains the most affordable housing major cities in the nation. The Houston market produces a wealth of residential construction real estate investment opportunities for accredited investors. The variety of real estate investments allows investors a full brigade of different risk tolerant and high performance opportunities. The investment climate looks to be very promising the next 5years.
Source Url. https://www.marwoodconstruction.com/investor-articles/houston-real-estate-investment-opportunities-for-accredited-investors/
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esgdatainrate · 1 year ago
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Hollow Metal Doors In-Depth Profiling With Key Players and Recent Developments, Forecast Period: 2021-2031
Hollow Metal Doors Market Research, 2031
The global hollow metal doors market size was valued at $15.7 billion in 2021, and is projected to reach $26.1 billion by 2031, growing at a CAGR of 5.2% from 2022 to 2031.
Hollow metal doors are one of the most common types of doors used in commercial and industrial environments. A hollow metal door is composed of a steel frame that has steel panels laminated to both sides. The door is typically equipped with mounts for hinges and a pocket for a mortise lock.
The demand for hollow metal doors is largely driven by increase in multifamily housing trends, rise in adoption of automated doors in commercial sector, and development of energy efficient doors. Modern automated doors are used in various commercial sectors such as airports, malls, corporate offices, and others. The other significant factor driving the market for hollow metal doors is the rise in government spending on residential and commercial buildings development. Moreover, escalation in industrialization and urbanization in economies which include India and Africa, is expected to cater to the development of the hollow metal doors market. Further, a surge in consumer expenditure on home renovation & enhancement activities and improvement in new construction activities are expected to provide remunerative growth opportunities for the market players.
Increase in population in developing economies such as China, India, and the U.S., has resulted in rapid urbanization, which is expected to boost development of the industrial sector and is expected to increase the demand for hollow metal doors. However, fluctuating raw material prices such as metal, are expected to hinder the hollow metal doors market growth.
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Asia-Pacific dominated the market in 2021, accounting for the highest share, and is anticipated to maintain this trend throughout the hollow metal doors market forecast period. This is attributed to increase in population, urbanization, and industry. In addition, China’s 14th Five-Year Plan, covering the years 2021 to 2025, includes government-driven efforts to apply digital technology to the construction and building process. Thus, all such factors are expected to drive the hollow metal doors market growth in Asia-Pacific.
The hollow metal doors market is segmented into Type, Application and End User. By type, the market is categorized into flush hollow metal doors, hollow metal doors with windows, paneled hollow metal doors and others. Depending on application, it is fragmented into new construction and renovation. On the basis of end user, it is categorized into commercial and institutional building, industrial spaces and others. Region-wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Competition Analysis
Key companies profiled in the hollow metal doors industry include AccessSMT Holdings Ltd., ALLEGION, Baron Metal Industries, Inc., Beacon Commercial Door & Lock, CECO DOOR, Concept Frames, Curries, DCI Hollow Metal, Deansteel Manufacturing Company, Inc., DKS Steel Doors & Frames, Inc., EightynineA LLC., Fleming, GH Hollow Metal Doors & Frames Industries Corp., Houston-Starr Company, Plyler Entry Systems, Quality Engineered Products Co., and TRUDOOR, LLC.
Full Report With TOC:-https://www.alliedmarketresearch.com/hollow-metal-doors-market-A17056
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Government Hill Historic District is one of six suburbs that developed between the years of 1890 to 1930 during San Antonio’s ‘Gilded Age.’  Other opulent suburbs from this period are Alamo Heights, Woodlawn Lake Area, Tobin Hill, Monte Vista, and Laurel Heights.  The district’s history is intertwined with that of Fort Sam Houston.  The area underwent rapid development during the World War I era.  However, during and after World War II development in the district began to decline.  White migration to the Northside suburbs led to major demographic changes, spurred by the construction of the IH-35 highway network in the 1950s.
The closure of the Fort Sam Houston Main Gate following the Islamic terrorist attacks on 11 September 2001 (Photo 1), halted development of the business area between Grayson and Sandmeyer Streets. The development of the area surrounding the old Pearl Brewery has expanded to areas bordering it, affecting property values in older, established neighborhoods causing financial hardship for long term residents according to De Oliver (2016), and those maintained by fixed incomes. Developers are buying properties with the intent of demolishing old structures and building multifamily structures and condominiums.  The increased development is affecting the existing infrastructure and public transportation, e.g., VIA and VIAtrans rerouting.  Also Grayson Street and other main thoroughfares entering and exiting the Government Hill Historic District Community are congested, interfering with traffic flow (Photo 2)
To face these problems the San Antonio Greater Eastside (SAGE) is actively involved in the Government Hill Historic District Community, maintaining a close watch on gentrification and development affecting the Eastside of San Antonio.  Residents are becoming active in Citizens Organized for Public Service (COPS) to protect their neighborhoods from free urban development affecting property values and subsequent property tax increases.  COPS and the Government Hill Alliance Neighborhood Alliance (GHANA) conduct monthly meetings at the Saint Patrick’s Catholic Church Community Center (Photo 3).  One can observe the mural filling the south wall of the community center that reflects the history and lore of the community.  Dr. Murillo is portrayed in a caricature posed holding a COPS sign.  He was and remains instrumental in the formation and sustainment of COPS as a powerful force in the Government Hill Historic District Community. According to Dr. Murillo, the community residents have regained their voice in community affairs and remain vigilant to prevent or restrict development affecting the neighborhood(s).  Saint Paul’s Episcopal Church is another significant force in community organization and hosts COPS and GHANA meetings (Photo 4)
The construction of The District Lofts condominiums (Photo 5) on the corner of Pan Am and N. Hackberry streets was in clear violation of the agreement between the Government Hill Historic District Community residents, GHANA, and the Office of Urban Renewal – San Antonio (OUR SA). However, the property sale was conducted between the owner and buyer without notification of the organizations and building commenced.  This activity slipped through the cracks; however, it was not going to happen again as far as the citizens were concerned and inquiries abound.  Recently a developer purchased two properties with the plan to construct another condominium.  However, the attempt was halted by concerned residents and the two-story homes are undergoing renovation (Photo 6).
Follow through of actions occurs at the micro, mezzo, and macro levels involving the initiation of public information campaigns beginning at the individual level, proceeding to the city-wide level, and upward to the state representative level.  The Government Hill Historic District Community is one of many areas affected by gentrification.  Development of a pearl-like Lone Star District is envisioned for the area surrounding the now-vacant Lone Star Brewery complex on Harry Jersig Drive on San Antonio’s Southside.  The effects of this development will extend far beyond the proposed Lone Star District.  The same applies to the Alamo Dome Area affecting Lincoln Heights and even Highland Park. Networking with SAGE and like Southside organizations is essential and if groups do not exist in those identified areas, then they will be formed.
Petitions, emails, telecommunications, and public meetings all are employed to promote and disseminate information. Contacting City Council Representatives, Bexar County Precinct Officials, Bexar County District Judge, Nelson Wolf will constitute actions at the mezzo level.  Finally, the macro level will involve activities to influence state senators and maintain a flow of information to the top to protect the constituent’s interests.  They will be held accountable for their action or lack thereof. 
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appleswayinvestment · 3 years ago
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Excellent Passive Investment opportunity Reserve Houston, TX
Reserve At Westwood is the best class B multifamily investment opportunity in Houston, Texas. Built-in 1978, this low-density asset offers a new investor an exceptional opportunity to acquire an affordable value-add opportunity in a strong performing submarket.
20.13% Target IRR
130.32% Target Total Returns in 5 Years
26.06% Target Ave. Annual Returns
Long-Term Benefits – Passive Income
Long-Term Benefits – Equity Growth
Proven Track Record                                                                                                                                                                                                               Cash Flowing Investment Opportunity.     Investment Highlights
Rare opportunity to acquire an extensively renovated, strong performing asset (2nd largest multifamily property) in the Sharpstown/Westwood submarket of the Houston MSA
Completely renovated, immaculate asset: Interior renovations include: New cabinets, granite countertops, new appliances, new flooring, and new plumbing/lighting fixtures
Exceptional location and visibility at the intersection of two of Houston’s busiest thoroughfares, Bissonnet St. and the Sam Houston Tollway (Beltway 8)
RESERVE YOUR SPOT TO INVEST IN THE RESERVE AT WOODLAND 
For Details Visit: https://appleswaygroup.com/offering/
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Not Known Details About High Rise Apartments in River Oaks
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men-pro · 7 years ago
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The start of a new project 💪💪💪breaking ground for two new construction 🔨 homes 🏡 #menpro #newhome #remodel #transformation #decor #architecture #builder #build #buildersofinsta #newconstruction #contractor #contractorsofinsta #construction #renovation #renovate #remodel #luxuryhome #luxuryliving #hgtv #houzz #houston #houstontx #texas #design #houses #diy #design #multifamily #luxuryrealestate
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renurenovationcompany · 4 months ago
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Renu: Leading General Contractors in Houston for Multifamily Renovations & Restoration
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At Renu, we bring unparalleled expertise and excellence to multifamily renovations and restoration projects across Houston. As premier general contractors in Houston, we specialize in transforming multi family properties with meticulous attention to detail and a commitment to quality. Our experienced team understands the unique challenges and demands of multifamily renovations, ensuring that each project is completed on time and within budget. From revitalizing aging structures to modernizing facilities, Renu is dedicated to delivering outstanding results that enhance both the functionality and aesthetic appeal of your property. Trust Renu to bring your vision to life with precision and professionalism.
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internationalrealestatenews · 9 months ago
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[ad_1] Texas’ development story isn’t simply confined to the Texas Triangle. Missed areas reminiscent of Northeast Texas are additionally attracting investor consideration.  New Jersey-based Reynolds Asset Administration partnered with Dallas-based Newport Capital Advisors to buy two multifamily properties for $23 million in Texarkana, which is 180 miles from Dallas. The worth works out to below $64,000 per unit. The companions purchased Westridge Residences, a 176-unit constructing at 700 Sowell Lane, and Park at Summerhill, a 184-unit constructing at 5201 Summerhill Highway. The Westridge Residences had been in-built 1984, and Park at Summerhill was in-built 1985.  They plan to spend $3 million renovating the properties. The vendor of the Westridge Residences traces to Houston-based Ascension Multifamily. The vendor of Park at Summerhill couldn’t be decided. John Hamilton of Marcus & Millichap brokered the transaction. Allan Edelson and Joe Tarantino at Walker & Dunlop organized financing for the acquisition, a Fannie Mae fixed-rate long-term mortgage. Texarkana straddles the border between Texas and Arkansas and is situated on the confluence of Interstates 30 and 49 in addition to U.S highways 82, 67, 71 and 59. The Texas aspect had a inhabitants of 38,500 in 2023 and is rising at an annual fee of 0.35 p.c, based on metropolis knowledge. Between 2018 and 2023, the median family revenue in Texarkana rose from $40,484 to $44,813.  Reynolds focuses on multifamily, mixed-use, workplace and industrial properties all through the nation. This acquisition is the agency’s first in Texas, nevertheless it’s not new to the area. In October, Reynolds acquired Preston Place North | South in Bossier, Louisiana, and Townhomes on the Highlands in Shreveport. Each are older properties the agency plans to enhance.  Newport makes a speciality of offering fairness for industrial property and has offered fairness for multifamily and retail properties nationwide. This isn’t the agency’s first undertaking in Texas. Newport invested $1.8 million in West Pointe Pines, a 263-unit condominium constructing in Fort Value. It additionally has an ongoing undertaking in a Corpus Christi retail strip, Moore Plaza. Newport has invested $8 million in that undertaking.  Learn extra [ad_2] Supply hyperlink
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heartfelthotinhouston · 4 years ago
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Golden Ticket To The Housing Crisis!
Bill Rapp here with the Heartfelt and Hot in Houston Blog, and this is our newest segment: Golden Ticket To The Housing Crisis! Housing is in high demand in most markets across the U.S., but supply is hard to come by. Unless, of course, there is a pandemic that completely changes the real estate game, leaving once very active properties now vacant. Golden Ticket To The Housing Crisis! Developers and investors are starting to tease out those opportunities, finding healthy profit levels and, at the same time, showing how to love the environment. One developer found just that opportunity in Branson, Missouri. This small town in the middle of the country has a population that hovers around 11,000, according to the multifamily advisory group at Meyers Research, a real estate research group. There are 5,026 households in Branson, the poverty rate is 20%, and the main economic driver is hospitality, which has been negatively impacted by the pandemic. And, the housing situation is grim. At the end of June 2020, closings were only at 36% of what they were in 2019, according to Jonathan Dienhart, the director of custom services and published research at Metrostudy, a housing market information provider. Plus, total permits in the first six months of 2020 are only at 62, a far cry from the total of 216 last year. Branson has only five permits for properties with more than five units through June 2020, 9% of what the U.S. Census reported as a total in 2019. All of this leads to the perfect opportunity for Richard Rubin, the CEO at Repvblik, a development company based in Los Angeles. As a transplant from South Africa, Rubin has been focused on adaptive reuse in the U.S. since 2015. He claims to be operating the only company that converts properties to affordable housing without any government assistance. Which brings us back to Branson, Missouri, where Rubin seized an opportunity to convert a Days Inn Hotel to affordable housing. The project, called Plato’s Cave, was completed in December 2019. It was a complete conversion of 423 hotel rooms to 341 affordable multifamily units, adding much needed inventory to Branson’s housing supply. The conversion called for combining some of the hotel rooms for the right unit mix and redesigning some of the spaces to offer a full menu of amenities that now includes a gym, beach volleyball court, free-to-use bicycles, coworking spaces, board rooms, meeting rooms, and a communal kitchen and dining area for special functions. Rubin also is running magic numbers, which he says he sometimes has to dumb down to make them look believable. “When we submit to funders, we have a cap rate of 11% or 12%, but, in reality, it would be more like 12% to 13%,” Rubin says. That’s not the only magic. Reuse is not only economical; it also offers huge benefits to the environment. In 2016, the National Trust’s Research and Policy Lab published a report showing that new commercial development costs about $92 per square foot, in contrast to the $37 per square foot estimated for reuse of an existing building. The Days Inn that was converted to Plato’s Cave is a total of six buildings with 167,000 square feet (160,000 residential and 7,000 club house), and using the reports numbers, you can see the difference in the cost of this particular property. * New property at $92 per square foot: $15,364,000 * Converted property at $37 per square foot: $6,179,000 Since the Days Inn was already in place, most of the utilities and services were already connected and very little demolition was needed. These types of adaptive reuse projects ultimately reduce the amount of new building materials that are needed and therefore that are produced. This 2017 research paper on adaptive reuse says that buildings’ contributions to greenhouse gas emissions also come from the energy needed to manufacture the various parts of the buildings. Construction consumes 60% of raw materials used in the U.S. economy annually, and razing a single two-story masonry building would actually negate the benefits of recycling 1.5 million aluminum cans. The EPA estimates that waste derived from new construction, demolition and renovation accounts for 160 million tons of solid waste each year in the U.S., about one-third of the country’s total waste. Other Case Studies Eric Silverman is the managing partner at Eastham Capital and he pays particular attention to the unit mix—the number and size of the units. “We are buying a property in Maryland in an office park that is only 93 units, but the units are all two bedrooms,” Silverman said. “The property is super convenient for local jobs.” Silverman adds that hotels will always have enough amenities, but they may have too many. Years ago, he published a white paper that shows that the variety of services that a hotel provides, from food and beverages to housekeeping and 24-hour maintenance, can easily outpace the value of the income from reservations—another contribution to hotels’ demise during the pandemic. Andrew Gordon, director at Eastham Capital, says the firm is converting 103 hotel suites in Jacksonville, Florida to 103 housing units. The group saw this as an ideal property to convert because all the hotel rooms had an outdoor space that either went to a patio or balcony. Gordon said that the biggest challenge was converting the zoning from hotel use to apartments, which took nine months. And, structurally, while they decided to make the units all-inclusive with internet and utilities so the metering didn’t need to be changed, it was still critical to update the plumbing and electric. Even though some of the updates were expensive, the conversion of the project meant more affordable housing added to local supply. The new project offers an all-in unit lease for about 10% or 15% less than other apartments in the same area, Gordon said. Eastham is interested in another suites conversion in Florida, but is currently evaluating the numbers after addressing some of the challenges such as impact window issues and fire separation. Brent Schipper is the principal at ASK Studio, an architecture firm based in Des Moines, Iowa, a firm that recently converted a small local high school into 16 affordable multifamily units. The school, built in 1888 in Clinton, Iowa, is 130 years old and Schipper expects that, after the remodel, it will last at least another 100 years. ASK Studio also converted a bank into 38 units and broke it down into its energy savings. The Brenton Bank envelope and concrete structure embodies about 4.82 gigajoules per square meter. Parts of the building that were retained, such as the envelope, structure and site construction, accounted for 63% of the original embodied energy. Those elements, plus some of the retained interior walls, mean that the total salvaged embodied energy is about 70%. The amount of embodied energy saved equals 600 tons of coal or enough energy to power a single family home for 435 years. Schipper believes that this one building is important, but his firm is working to provide many more successful examples that can lead other developers down the same path. Challenges As the Eastham project exemplified, zoning can be a big challenge. Rubin also has experienced that and points out that in the markets with the biggest need for affordable housing, there is the most red tape, like in Los Angeles. “In terms of MEP and fire regulations, you are inheriting a space that is, for all intents and purposes, residential,” Rubin said. “The wall structure, windows, egress, are all part of whatever square box one is purchasing. Sometimes, you are lucky that it is built solidly and that they have the fire safety and they have sprinkling. Sometimes, it might be more like a commercial office conversion than a housing opportunity.” Meghna Krishna Bondili, the founder of real estate development consulting firm Butterfly Voyage, agrees that hotels, whether boutique or large-scale, are almost fully-baked residential offerings. She writes that hotels are designed as spaces to live in; have a service-first mindset in place; and typically, are in located in desirable areas. Rubin also points out the importance of the unit mix, that drives market tolerance and available comps, which is influenced by how many rooms or modules can be converted into one unit. For instance, if the cost of one hotel room is $40,000 and it takes two rooms to make one rentable studio, then there is a new basis of $80,000. Rubin says that hands down, capital has been the biggest challenge for Repvblik so far. “In the last five years, I have heard 10,000 nos, and that’s being conservative,” he said. “We funded almost the first 95% in cash. We couldn’t find a local lender for a construction loan for contrarian business cases like ourselves, a little off center and that have a higher return. And now, it’s easier for us to be doing certain things, because we are one of very few that have a proof of concept. Now that people are chasing yield, companies like ours become more in vogue.” Future The American Hotel and Lodging Association reports that there are more than 55,900 hotel properties in the U.S., offering more than 5.3 million guestrooms. The recent pandemic has put many of them in danger. As many as 8,000 hotels might close by the end of September, according to the American Hotel and Lodging Association. The Wall Street Journal reports an even higher number, saying that in New York alone, as many as 25,000 hotels might permanently close because of the pandemic. If groups like ASK Studio and Repvblik can convert these to housing, it might be a generous contribution to fixing the housing supply issue. If each hotel had 100 rooms, that would be somewhere around 2,500,000 units, which would give the city more than eight times Mayor Bill de Blasio’s pledge to create and preserve 300,000 affordable homes by 2026. Repvblik is now working in many of the top MSAs in the country where there is demand for workforce housing and has 10 projects in process. Rubin says that the company hopes to produce 3,000 apartments in the next 18 months; and in the next 3 to 5 years, somewhere in the range of 20,000 units solely from hotel conversions. His plan holds a lot of promise for the future of affordable housing and for the future of the planet. Golden Ticket To The Housing Crisis! The inspiration for today’s edition came from this original article: https://www.forbes.com/sites/jennifercastenson/2020/08/12/vacant-real-estate-is-the-golden-ticket-to-the-housing-crisis/ If you are seriously considering moving right now you need to take action right now and talk to a reputable Real Estate & Mortgage Broker today, please call 281-222-0433 or visit: https://www.zillow.com/lender-profile/BillRappMortgageViking https://www.blink.mortgage/app/signup/p/nexamortgageh/MortgageViking?campaign=MortgageViking http://BillRapp.joinnexa.com http://www.homesforheroes.com/affiliate/bill-rapp-1 https://www.billrapponline.com/ https://twitter.com/BillRappRE https://mortgageviking.billrapponline.com https://highcostarea.billrapponline.com https://commercial.billrapponline.com https://doctorvideo.billrapponline.com https://sba.billrapponline.com/ https://veteransvideo.billrapponline.com https://fha203h.billrapponline.com https://privatemoney.billrapponline.com https://rei-investor.billrapponline.com https://manufacturedhousing.billrapponline.com https://www.houstonrealestatebrokerage.com/ https://www.youtube.com/channel/UCsF3Rh4Akd1OAOAgTmzgqQg Read the full article
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esgdatainrate · 1 year ago
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Hollow Metal Doors  Forecast to 2031 with Key Companies Profile, Supply, Demand and SWOT Analysis
Hollow Metal Doors Market Research, 2031
The global hollow metal doors market size was valued at $15.7 billion in 2021, and is projected to reach $26.1 billion by 2031, growing at a CAGR of 5.2% from 2022 to 2031.
Hollow metal doors are one of the most common types of doors used in commercial and industrial environments. A hollow metal door is composed of a steel frame that has steel panels laminated to both sides. The door is typically equipped with mounts for hinges and a pocket for a mortise lock.
The demand for hollow metal doors is largely driven by increase in multifamily housing trends, rise in adoption of automated doors in commercial sector, and development of energy efficient doors. Modern automated doors are used in various commercial sectors such as airports, malls, corporate offices, and others. The other significant factor driving the market for hollow metal doors is the rise in government spending on residential and commercial buildings development. Moreover, escalation in industrialization and urbanization in economies which include India and Africa, is expected to cater to the development of the hollow metal doors market. Further, a surge in consumer expenditure on home renovation & enhancement activities and improvement in new construction activities are expected to provide remunerative growth opportunities for the market players.
Increase in population in developing economies such as China, India, and the U.S., has resulted in rapid urbanization, which is expected to boost development of the industrial sector and is expected to increase the demand for hollow metal doors. However, fluctuating raw material prices such as metal, are expected to hinder the hollow metal doors market growth.
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On the basis of end user, the commercial and institutional building segment generated the highest revenue in 2021. This is attributed to rise in government investment in institutional and commercial buildings. Similarly, governments across the globe are helping in development of commercial infrastructure. For instance, in August 2020, Tokyo International Conference on African Development (TICAD) planned to invest $20 billion in Africa in the next three years. This is expected to boost the growth of the hollow metal doors market during the forecast period.
Competition Analysis
Key companies profiled in the hollow metal doors industry include AccessSMT Holdings Ltd., ALLEGION, Baron Metal Industries, Inc., Beacon Commercial Door & Lock, CECO DOOR, Concept Frames, Curries, DCI Hollow Metal, Deansteel Manufacturing Company, Inc., DKS Steel Doors & Frames, Inc., EightynineA LLC., Fleming, GH Hollow Metal Doors & Frames Industries Corp., Houston-Starr Company, Plyler Entry Systems, Quality Engineered Products Co., and TRUDOOR, LLC.
Full Report With TOC:-https://www.alliedmarketresearch.com/hollow-metal-doors-market-A17056
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urbandesign · 4 years ago
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Urban Design Constructors
Address:
3411 Cedar Knoll Dr. Ste L
Humble, TX 77339
Owner Name:
Justin Hoffman
Phone:
713-560-8118
Business Email: 
Website: 
https://houstonconstructiongroup.com/
Keywords:
Houston Construction Contractors, Houston Roofing Company. Description:
Urban Design Constructors is a Houston Commercial Contractor. We specialize in multifamily remodeling, rehabs, and renovations. We provide our clients with turnkey construction solutions, handling everything from interiors and exteriors to roofs as well.
Hours:
Mon-Fri 8am-5pm Social Links: https://www.facebook.com/urbandesignconstructors/ https://www.youtube.com/channel/UCN9IsnyTgGXYaf7NQuOJr2A https://goo.gl/maps/QmnZY3WFzscAeR8h6
Payment Method:
Everything essentially. Google My Business Page: 
https://g.page/HoustonCommercialRemodeling?share
Category:
Construction or Roofing
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mastcomm · 5 years ago
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Recent Commercial Real Estate Transactions
Recent Sale
$2.05 MILLION
2154 Second Avenue (between Tito Puente Way and East 111th Street)
Manhattan
Built in 1910, this 9,825-square-foot, five-story property in East Harlem has one vacant commercial unit and 17 apartments, all occupied. The building, which is rent stabilized, last changed hands more than 50 years ago.
Buyer: 9300 Realty
Seller: CC 2154
Brokers: Peter Von Der Ahe, Seth Glasser, Jacob Kahn and Haley Hasho of Marcus and Millichap
Recent Lease
$150/SQ. FT.
$600,000 approximate annual rent
163 Mercer Street (between West Houston and Prince Streets)
Manhattan
A Bathing Ape, a Japanese fashion brand known as Bape, signed a 10-year lease for this two-story, 4,000-square-foot building in SoHo, which was formerly the flagship store for Marc Jacobs. Built in 1867, it was once used as a wagon house and includes garage doors. The owner bought the building in the 1970s.
Tenant: A Bathing Ape
Tenant’s Broker: Gabriel Paisner of Odyssey Retail Advisors
Landlord: 39 Tapir
Landlord’s Brokers: Steve Rappaport and Margie Sarway of Sinvin Real Estate
Recent Sale
$22.9 MILLION
79-81 Clifton Place (between Classon and Grand Avenues)
Brooklyn
This six-story apartment building in the Clinton Hill neighborhood was built in 1939. It has seven one-bedroom units, eight two-bedrooms, 21 three-bedrooms and four four-bedrooms, as well as 16 parking spaces. The building last changed hands in 2012.
Buyer: Freo Group
Seller: Ami Ariel of G-Way
Brokers: Daniel Shirazi, Robert Khodadadian and Jacob Lewis of Skyline Properties
For Sale
$22.9 MILLION
3816 Barnes Avenue (between East 219th and East 220th Streets)
The Bronx
This 6,460-square-foot, four-story multifamily building is in the Williamsbridge neighborhood. It has five two-bedroom apartments and two one-bedroom apartments. Two of the apartments have been gut renovated.
Seller: 3816 Barnes
Brokers: Jonathan Squires, Michael Fioravanti, Josh Neustadter, Addison Berniker and Shayne Soltan of Cushman & Wakefield
from WordPress https://mastcomm.com/recent-commercial-real-estate-transactions-6/
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valoansdallastx · 5 years ago
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VA Loans in Spring Valley Texas
Contents
Specialist shirley mueller.
Personnel deployed overseas
Houston-area mortgage sources
Home loan limit
Beautiful outdoor spots.
Curtis christian. md. (2-1) highland springs
The Houston, TX loans for the acquisition, renovation, and stabilization of two Class A, multifamily properties located in the Spring Branch Submarket of. and interest and operating reserves. The. "The other was the Texas, Oklahoma and Louisiana area. a 3,550-acre nature preserve, park and planetarium. Spring in the.
VA Loans in Texhoma Texas Texas Vet & VA Loan specialist shirley mueller. Since 2003 Shirley has originated well over 1500 Texas Veteran and VA Loans. She has helped Veterans in almost every possible circumstance including active duty personnel deployed overseas, returning home, or with PCS orders.Read More
Mobile Home Loans – Houston, Texas Mortgage Companies Who Specialize in Manufactured Homes. All of the houston-area mortgage sources we list below have worked with us on mobile home loans within the past twelve months.
I’ve seen too much good football from him in games last year and in practices this past spring and in training camp to.
West Texas VA Health Care System, this web site provides you all the information you might need concerning our facilities and Veteran programs
Land Loans. The VLB Veterans Land Loan Program is the only one of its kind in the nation-giving Texas Veterans and Military Members the opportunity to borrow money to purchase land at below-market interest rates while only requiring a minimum 5% down payment.
VA Loans in Waco Texas The 2019 $0 down, VA home loan limit for McLennan County is $484,350. Welcome to the beautiful area of McLennan County, which is home to some of the friendliest people and best dining options.Located in central Texas, McLennan County is home to some of the most beautiful outdoor spots.You are sure to have a great time at any of the exciting attractions in the county.
While the VA does not lend money for VA loans, it backs loans made by private lenders (banks, savings and loans, or mortgage companies) to veterans, active military personnel, and.VA Loans in The Hills village Texas VA Loans in Shiner Texas The 2019 $0 down, VA home loan limit for Lavaca County is $484,350.
The biggest jumps this week are six spots in the Elite 25, going to No. 17 Longview (Texas) and No. 18 John curtis christian. md. (2-1) highland springs, Va. (3-0) La Salle College, Wyndmoor, Pa.
VA Loans in Tuleta Texas Texas Loans Trenton VA – Valoanmissouricitytx – VA Loans in Tuleta Texas Most VA lenders will allow a cash-out loan amount up to 90 percent of the appraised value (up to 80 percent in Texas). For example, a borrower has a loan amount of $100,000 and wants to refinance to a.
VA Texas Valley Coastal Bend Health Care System: 2601 Veterans Drive Harlingen, TX 78550 956-291-9000 Or 855-864-0516 519: West Texas VA Health Care System: 300 Veterans Blvd. Big Spring, TX 79720 432-263-7361 Or 432-263-7361 549
Let Caliber Home Loans Inc. guide you home by helping you take the first step towards buying or refinancing your dream home with one of our Loan Consultants.
To reach the nearest VA Regional Office with Loan Guaranty operations, please call 1-877-827-3702, with hours of operation from 8am to 6pm, EST. Department of Veterans Affairs VA Regional Office Loan Guaranty Division (26) 459 Patterson Rd. Honolulu, HI 96819 *Although not an RLC, this office is a fully functioning Loan Guaranty operation for Hawaii.
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biofunmy · 5 years ago
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Cities and Builders Face ‘Hornet’s Nest’ to Meet Affordable Housing Needs
WASHINGTON — The Wharf is a gleaming, $2.5 billion development that has transformed a long-stagnant waterfront into a major destination in the nation’s capital.
Along a mile of the Potomac River is an array of high-end hotels, entertainment venues, shops, restaurants and apartments. They include the 6,000-capacity Anthem concert venue, an InterContinental hotel and Vio, a luxury condominium where prices soared up to $2.9 million.
But the city has also required the developer to include affordable housing on the project’s 24 acres. Of the 761 units in the first phase of the development, 26 percent are listed as affordable, and more are promised in the second phase.
From Washington to San Francisco, municipal leaders are facing increased pressure to provide affordable housing. Using a combination of government subsidies, tax credits and zoning changes, they are encouraging developers to incorporate affordable units into mixed-use projects.
The Wharf development is a partnership between PN Hoffman and Madison Marquette, developers based in Washington. Monty Hoffman, chief executive of PN Hoffman, takes great pride in the affordable housing.
To make the Wharf project profitable, the partners sought to adjust the mix and build more units over all. The District of Columbia lowered its price for the land and reduced the percentage of lowest-cost housing while permitting more below-market, moderate-income “work force” units.
“It allowed us to avoid residential offerings only at the extreme ends — deep affordable and waterfront market rate,” Mr. Hoffman said. Absent such concessions, he said, he would have needed more office, hospitality, retail and market-rate housing to make the numbers work.
“We did not want to create a tourist or office-centric park,” he said. “We wanted a balanced community.”
Developers across the nation are finding that economics are crucial in determining how many and at what price such units may be included for a mixed-use project to be both socially responsive and financially profitable. And they are working with community leaders to find the right equation.
To further construction of multifamily units, Minneapolis recently moved to rezone most of the city to ban new single-family homes. Several Sun Belt cities, including Atlanta, Austin, Tex., and Houston, now require a percentage of affordable units in any mixed-use project.
California’s landscape is more challenging. Its residential property tax cap, an amendment to the State Constitution passed in 1978 and known as Proposition 13, forced localities to push for commercial development to generate revenue needed for schools, parks, the police and other public services.
Still, developers there are including moderate-income units in the mix, said Michael A. Covarrubias, chief executive of TMG Partners, a developer based in San Francisco. But, he added, the high cost of land has made that difficult. And the developer has to contend with residents opposed to gentrification in their neighborhoods.
“Affordable housing has been unavailable,” Mr. Covarrubias said. “It’s a hornet���s nest and a complicated road you go down to get the volume you need.”
To help address the problem, the tech giant Google has pledged to invest $1 billion in land and money to build homes, including those deemed affordable in the Bay Area. In Northern Virginia, JBG Smith has raised $78 million from investors for housing aimed at those who earn too much for government help but not enough to afford market rates. The firm is the dominant landlord in Crystal City, the section of Arlington where Amazon is locating its second headquarters, with 25,000 new jobs.
In Washington, market forces threaten to overtake government efforts to slow the gentrification of previously low-income neighborhoods, making them less affordable for longtime African-American residents and leading to cultural clashes.
The Metropolitan Washington Council of Governments has said the region needs to build more than 100,000 housing units by 2045, of which 40 percent should serve the lowest-income residents. Separately, the District of Columbia has set a goal of 36,000 units by 2025, of which 12,000 would be affordable. To reach that goal, the district’s mayor, Muriel E. Bowser, has offered solutions that include a $100 million annual housing production trust fund, regulatory relief and a higher building height limit.
“We just have to do many different things,” said Brian T. Kenner, a former deputy mayor for planning and economic development, who left district government on July 2 to work for Amazon. “Things we did before we have to alter, whether it’s making inclusive zoning even more robust or limited setbacks.”
The challenge for local governments is to find incentives like tax breaks that encourage developers, Mr. Kenner said. “Government can’t buy its way out,” he said.
But government, he said, remains concerned about the negative impact of development, which can displace residents as it alters neighborhoods.
The issue has come into focus with plans to turn Brookland Manor, an 80-year-old, 535-unit garden apartment complex in northeast Washington, into a 1,700-unit, $600 million mixed-use development.
The old complex included a small strip shopping center. Once predominantly occupied by low- and middle-income white families, the complex became home to a mostly African-American community after whites left the district for the suburbs. In deteriorating condition, it underwent a federally subsidized renovation in the early 1970s that led to litigation from residents who feared displacement.
That same battle is being replayed as MidCity Financial Corporation, its owner, seeks to triple the number of units, including townhomes and 22 percent lower-cost apartments alongside 181,000 square feet of retail. Residents are divided, despite MidCity’s promises to avoid displacing them. Some tenants object to the elimination of 134 four- and five-bedroom apartments for large families, and two lawsuits are working their way through the courts.
Two original buildings have been razed, as has the old shopping center, now a fenced-in lot with a sign urging an end to all gun violence. Despite the complaints of some residents, the proposed number of affordable units exceeds city requirements.
The District of Columbia is in a stronger position with properties it owns or controls, and requires 30 percent affordable housing units. The city encompasses several large parcels of former federal land ripe for development. These include the former Walter Reed Army Medical Center and St. Elizabeths Hospital, east of the Anacostia River. The 190-acre Robert F. Kennedy Stadium site is also up for grabs.
Developers and community groups are monitoring these parcels closely. To show activists the projects under development or soon to be, the Washington Interfaith Network ran several bus tours this year. Tour guides noted potential conflicts as the city seeks to reap new tax revenue while requiring developers to include socially desirable, if less profitable, features.
“At some point, you realize there’s just a machine that’s running,” said the Rev. Frankey Grayton, pastor of Edgewood Baptist Church in Washington and a prominent activist with WIN. “The development is happening at an alarming rate.”
Pastor Grayton was standing in front of a fenced building site in what is known as Hill East, a 67-acre parcel on the Anacostia River. City planners have long envisioned this tract, home to the now-closed D.C. General Hospital and other social-welfare buildings, as perfect for waterfront development.
As this prospect comes closer into view, community activists are organizing to ensure that low-income housing is included. In the first two buildings, it already is.
On what was the parking lot of D.C. General, a 202-unit, five-story apartment building is rising, one of two that will be the vanguard of Hill East. There will be 25,000 square feet of ground-floor retail and 106 low- and moderate-priced rentals, 30 percent of the total.
But it has been nine years in the making. After many meetings, hearings, permits and approvals, the mixed-use project is finally happening.
“It takes a village, as we say, to figure out the finances, the uses, the zoning,” Mr. Covarrubias, the San Francisco developer, said. “It’s a long, slow process.”
Sahred From Source link Real Estate
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siemensrolm · 5 years ago
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Siemensrolm
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VOL. 131 | NO. 55 | Thursday, March 17, 2016
Daily News staff
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555 Wood Arbor Parkway Memphis, TN 38018 Sale Amount: $31.1 million
Buyer: CEAI Grove LLC Seller: Trinity 464 LLC Loan Amount: $4.2 million Borrower: CEAI Grove LLC Lender: CBRE Multifamily Capital Inc. Details: The Grove at Trinity Point apartments have sold for $31.1 million.
In a March 2, 2016, warranty deed, Trinity 464 LLC sold the Cordova property to CEAI Grove LLC. In conjunction with the sale, CEIA Grove signed a certificate of joint venture with Fundrise Real Estate Investment Trust.
R. Lee Harris signed as manager of CEIA Grove and its affiliate LMM Partners LLC.
Kansas-based Cohen-Esry Real Estate Services bears the same registered address as the buying entities. R. Lee Harris is the president and CEO of Cohen-Esry.
CEAI Grove LLC also signed a $4.2 million mortgage for the property. CBRE Multifamily Capital Inc. is listed as the lender.
The property at 555 Wood Arbor Parkway was built in 1986. It has 464 units across 390,515 square feet.
495 Tennessee St. Memphis, TN 38103 Loan Amount: $19 million Loan Date: March 8, 2016 Maturity Date: March 4, 2019 & March 4, 2018 Borrower: Brewery Master Tenant Lender: Pinnacle Bank Details: Tennessee Brewery momentum continues with a $19 million construction mortgage. In a construction deed of trust signed March 4, developer Billy Orgel signed two loans with Pinnacle Bank, with Brewery Master Tenant listed as borrower.
The loans include $16.7 million with a March 4, 2019, maturity date and a $2.5 million “garage note” set to mature March 4, 2018.
The greater Brewery District planned development includes renovating the historic Tennessee Brewery into bottom-floor retail and 58 apartment units, and 90 units in the yet-to-be-constructed Wash House immediately east of the brewery. Across Tennessee Street will be a 358-space parking garage that connects to the 167-unit Bottle Shop apartment building.
650 Houston Hill Road Collierville, TN 38028 Permit Amount: $15 million Owner: Adam Bartlett Tenant: The Life Church Contractor: Brasfield & Gorrie LLC Details: The Life Church is improving its Collierville campus. A $15 million building permit application recently filed with the city-county Office of Construction Code Enforcement lists a new sanctuary facility with associated site work and paving for 650 Houston Hill Road.
The church’s property is near the southwest corner of Houston Hill and South Houston Levee roads, north of the Wolf River.
The application lists Brasfield & Gorrie LLC as the contractor and Adam Bartlett, associate pastor of The Life Church, as the property owner.
The Life Church has three other locations: 1800 N. Germantown Parkway and 255 N. Highland St. in Memphis, and 780 Bolivar Highway in Jackson, Tenn.
810 Washington Ave. Memphis, TN 38105 Project Cost: $4 million Owner: Hyde Capital Details: Development momentum in the Memphis Medical Center has attracted an out-of-town investor looking to jump on the area’s revival. Yariv Ben-Sira, principal with New York-based Hyde Capital, plans to transform the Blair Tower apartment complex at 810 Washington Ave. with a $4 million complete renovation.
The 208-unit Blair Tower was built in 1964 and renovated in 1988. Ben-Sira plans to enhance the existing rooftop swimming pool, fitness center and entertainment lounge and add a lobby with self-serve coffee and a package concierge.
By bringing the complex up to Class A standards, he plans to raise rents $50 to $60.
5485 Victory Lane Millington, TN 38053 Permit Amount: $7.5 million Owner: Pollution Control Industry of Tennessee LLC Tenant: Tradebe Treatment & Recycling LLC Details: The owner of a hazardous waste facility in Millington is planning some changes.
Tradebe Treatment & Recycling LLC has filed a $7.5 million building permit application with the city-county Office of Construction Code Enforcement for the hazardous waste treatment, storage and disposal facility (TSDF) at 5485 Victory Lane.
The scope of work includes a new outside covered container-storage area and alterations, according to the application, which doesn’t list a contractor.
The Millington facility was opened in 1986 by Pollution Control Industries Inc., which was acquired by Tradebe in 2008. The processing facility totals more than 43,000 square feet and is situated on the west side of Victory Lane north of Fite Road, according to the Shelby County Assessor’s Office, which most recently appraised the property at $1.5 million.
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