NEWS BRIEFS
NATIONAL UPDATES
KRAUSE PROMOTED TO CEO OF RPM FRANCHISE SYSTEM
TEN-X RANKS TOPMARKETS FOR MULTIFAMILY GROWTH
LUKAS KRAUSE has been promoted to CEO of Property Management Business Solutions, the franchisor of REAL PROPERTY MANAGEMENT . Kirk McGary, who founded RPM with business partner Doug Oler in 2005, becomes chair- man of the board. McGary said his role has
TEN-X ’s recently released Multifamily Market Outlook report, based on Q3 2015 current and expected fundamen- tals, lists Orlando, Fla.; Raleigh-Durham, N.C.; Fort Lauder- dale, Fla.; Phoenix and Sacramento, Calif. as the sector’s top buy markets, based on local economic gains and population inflows. On the other side, it identifies northern New Jersey, Philadelphia, Miami, Pittsburgh and Boston as areas where investors should reevaluate their holdings, due to slowing economic outlooks and diminishing employment. “The overall multifamily sector remains healthy, and the trend of renting instead of owning continues across the U.S.,” Ten-X (formerly Auction.com) chief economist Peter Muoio said in a news release. “Despite being six years into its expansion, the demand drivers for multifamily are still in place with no signal of waning in the coming years.” The report reveals markets investors need to focus on, as well as outlining howmultifamily construction is heating up as demand drivers are holding strong. Effective rents are up by 4.3 percent nationwide from one year ago, which accounts for an all-time peak, Ten-X said. Other multifamily findings in the report include deal volume inching up to $34 billion in Q3 2015 and Q3 cap rates dropping by 20 bps from the prior quarter to 5.8 percent. • JUWAI.COM PREPARES FOR CONTINUING SURGE OF CHINESE INTEREST IN U.S. Chinese international property portal JUWAI.COM recently named its first president of the Americas as it intensifies its focus on North America and the U.S. real estate market. MATTHEW MOORE , who has been involved in Internet market- ing and other projects for more than 20 years, will be based in Los Angeles and will oversee the North American team responsible for sales, marketing and industry relations. “China is the No. 1 investor in U.S. property markets today, and its level of investment will continue to increase over the next decade,” Juwai.com CEO Charles Pittar said in a news release. “Matthew’s role is to help real estate professionals in the U.S. make the most of this growing opportunity.” Los Angeles is the most-searched city in North America by Chinese property buyers, California is the most-searched state, and the United States is the most-searched country in the world. • WEB :: www.ten-x.com
evolved to focus more on long- term growth strategies and acqui- sitions, and Krause was the obvious choice to become CEO, overseeing day-to-day operations. Krause joined Property Manage- ment Business Solutions (PMBS) in 2012 as vice president of oper- ations and was promoted to COO in 2013. During his time at PMBS, he has
implemented several new software systems, built a franchisee business consulting group and was vital in the creation of a corporate-owned office in Salt Lake City. Previously, Krause led the Tax Advantaged Investment Practice for Ryan Inc., and was senior director of global expansion for Quiznos. In 2015, HousingWire Magazine named Krause one of the industry’s rising stars under 40. The Real Property Man- agement brand was also recently recognized as the No. 1 property management company by Entrepreneur Magazine, and one of the top franchise opportunities
for veterans by Military Times, Fran- chise Times and Franchise Business Review. In 2014, it was named one of America’s 10 Best Franchises by Forbes magazine for an investment under $150,000. Franchise industry veteran JOHN GOHDE has been named to fill the COO position. Gohde has more than 30 years of experience in franchising, most recently
serving as Senior Vice President of Franchise Operations at BrightStar Care. Prior to that, he held executive level positions at Cosi Inc., Sears Holdings Corporation and KnowledgePoints, Inc. •
WEB :: www.realpropertymgt.com
WEB :: www.juwai.com
8 | think realty magazine | may :: june 2016
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