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Despite COVID, Delta Media Hits Record Growth in 2020, Poised for a Breakout Year in 2021

Despite COVID, Delta Media Hits Record Growth in 2020, Poised for a Breakout Year in 2021 News provided by Share this article Share this article CANTON, Ohio, Dec. 16, 2020 /PRNewswire/ No one expected real estate to experience a record-setting year in 2020, with the economic slowdown and banning of a number of real estate activities, including open houses. Yet existing-home sales jumped nearly 27% in October year-over-year, the average home price increased by almost 16%, and the annual adjusted rate home sales hit a record pace of 6.85 million. Because of COVID-19, real estate agents are using more tech tools in the last seven months than in the last seven years, said Michael Minard, CEO and owner of Delta Media.

Spruce Properties Expands to Iowa with $57M Portfolio Buy

Spruce Properties Expands to Iowa with $57M Portfolio Buy The six communities comprising some 500 units are scattered across suburban Des Moines, in Ankery, Waukee and Polk City. Dec102020 Lake Shore BBK Apartments has sold a six-property residential portfolio in suburban Des Moines, Iowa, for $56.8 million. The transaction marks Spruce Properties’ first buy in the state. JLL Capital Markets represented the buyer and arranged a 10-year, 2.8 percent, fixed-rate Fannie Mae acquisition loan. JLL Real Estate Capital LLC will service the financing. The portfolio includes the 239-unit Lake Shore, the 122-unit Lake Shore Park, the 12-unit Lake Shore Place and the 16-unit Peachtree communities, all located in Ankery. The 54-unit Sunrise Meadows in Waukee and the 52-unit Saylorville Lakeside in Polk City were also part of the deal.

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