Welcome to the official blog of Block Real Estate Services, LLC (BRES). BRES seeks to offer insight and news concerning commercial real estate, financial investments, construction and development of the 212 communities we serve locally and nationally.

Sunday, June 3, 2012

BRES Breaks Through The Barriers: Block Multifamily Group

As Real Estate begins to emerge out of a tumultuous economic downturn, individuals seeking housing are less willing to buy and commit themselves to purchasing a house. Also, baby boomers are retiring out of the workforce, seeking condos and senior apartment living. While office, industrial and retail sometimes struggle with a weaker demand, a strong fundamental recovery in rental housing demand has propelled apartments to a broad recovery in occupancy, rental rates and investor pricing.

According to the Block Real Estate 2012 Market Report, “With more than 3 million foreclosures since 2009, profound shifts in demographic, economic and social patterns have changed the way many Americans, particularly those of the millennial generation, feel about home ownership. This, combined with the entry of the first wave of ‘echo boomers’ graduating from college, has resulted in the addition of an estimated 1.4 million renter households.” (Read more from the 2012 Multi-Family blog post).

This is where Bristol Properties came into the picture –to close the gap in the portfolio of service offerings at one of the most reputable, highly regarded real estate firms in the region.  Attention to detail, customer service and integrity -for clients, tenants, investors and employees are ideals that Bristol Properties and Block Real Estate Services (BRES) agreed upon for a foundation to success. It was evident that a partnership would thrive.   
This partnership is Block Multifamily Group, and with this new entity we expect to take the apartment industry by storm, breaking through the barriers of conventional thinking that have held back the multifamily world for years.  We are at the precipice of the next evolutionary stage of multifamily ownership, investing, management and living.

To succeed our management team will be lean, mean and efficient. We will employ cost effective tools and create high performance products.  The result of which being enhanced performance of the asset, greater value, durability, and longevity –on the ground, and in the marketplace.  We facilitate the creation of quality, healthy homes, and we do not and will not limit ourselves to certain funding apparatus’.  Our approach, with a diversified, broad perspective of the value propositions will benefit our clients in the short and long term. We believe that there is no limit to what we can do or where we can go; we are able to manage an institutional REIT portfolio as well as consult on transitional housing proposals. 
With Block Multifamily Group we are poised to grow exponentially. See our mission statement.
From my staff, family and associates:  We look forward to meeting all of you and yours as Block Multifamily Group helps push BRES to new heights as a trendsetting organization.

Contributing Author:

Bill Larson, CPM
Block Real Estate Services


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