Dynamic Property Duo Andrew Winter & Neale Whitaker return for a brand-new season of Love It Or List It


FOXTEL today announced the highly anticipated fifth season of FOXTEL Original Love It or List It Australia hosted by real estate expert Andrew Winter and design guru Neale Whitaker will premiere on Wednesday 27 September 2023 on FOXTEL.

Winter, renowned for his extensive experience in the real estate industry brings his candid advice and valuable market insights, along with Whitaker, one of Australias foremost style gurus with an impeccable eye for detail and flair, will help property owners across Australia who are faced with one of lifes challenging decisions, to renovate or relocate.

This much-loved property series with its signature blend of real estate reality and design inspiration promises to bring another season filled with surprising twists and stunning transformations as homeowners negotiate their housing dilemmas. Its one of the biggest decisions of their lives, with stakes made even higher this season as families face tough economic conditions, with soaring prices and biting interest rates.

Andrew Winter said: We are finally back for season 5 and what a dynamic six months we have had. To be honest at the start of the season we were concerned about the market and if homeowners would see capital growth over the short term – thats tricky in the best markets. It was not the easiest scenarios for either of us with concerns for the homeowners over capitalising and a market with literally nothing for sale. Are results predictable? Absolutely not.

Ive loved working on this season, what is not to like? It is just a fun format, and it is all real, real-life dilemmas, real homes, and real renovations.

Neale Whitaker said: Its exciting to finally be back with a new season of Love It Or List It Australia. I may be biased, but I genuinely believe season 5 is our best yet. The worlds changed quite a bit since out last season and Andrew and I both knew we were in for a rollercoaster of tight renovation budgets, demanding deadlines and challenging property searches. Throwing unpredictable human emotions into the mix made it a white-knuckle ride. For me the result is ten very different renovations that give the homeowners bang for their buck and life-changing potential.

Love It Or List It Australia is produced by Beyond Productions, a Banijay Company exclusively for FOXTEL. Format created by Big Coat Productions and represented by Banijay Rights.

JRK Property Holdings Acquires San Jose Apartment Community for $93.5 Million

Investment is third out of the Los Angeles-based real estate firm’s recently closed $1B Fund

Duo San Jose, Ca

Duo San Jose, Ca

LOS ANGELESAug. 24, 2023PRLog — News From JRK Property Holdings
JRK Property Holdings has acquired Duo Apartments, a 301-unit Class-A multifamily community in San Jose, CA for $93.5 million.

Duo marks the third acquisition out of JRK Platform V, the Los Angeles-based real estate investment and management firm’s newest multifamily value-add fund which targets higher-quality, well-located multifamily investments built after 1990.  The $1.0 billion fund which closed in October 2022 is 13% invested to date.  The fund’s portfolio is comprised of institutional quality assets with an average year built of 2019 and geographic diversity between Florida, Kansas, and California.

JRK recently completed fundraising and is also currently investing out of its $200 million MF Opportunities III, which targets value-add multifamily assets built before 1990.   The investment vehicles are funded with capital from institutional investors, high-net worth individuals, and family offices. Through its current and predecessor funds, JRK owns and operates $7 billion in multifamily assets.

“The increasingly challenging credit environment and elevated interest rates have set the stage for imminent distressed sales despite strong underlying multifamily fundamentals,” said JRK President Daniel Lippman. “As well-capitalized buyers with predominantly long-term fixed rate financing on our existing portfolio, we are excited to have $1.1 billion of dry powder available to acquire high-quality real estate at incredible values as owners face equity shortfalls from cash-in refinances or otherwise capitulate to cap rate expansion.”

Built in 2021 by the seller, Duo is located at 6670 Emergent Way in one of San Jose’s largest mixed-use transit-oriented developments. Duo is served by Caltrain, trains, busses, and light rail, which provides residents with a wide variety of commuting options throughout the entire San Francisco Bay Area.  Additionally, plans for substantial transit-oriented development near Diridon Caltrain station, will bring thousands of new jobs and residents to the area, creating additional demand for quality rental housing.

Duo offers a mix of single, one-, two-, and three-bedroom apartments housed in two, four-story residential buildings. Residents at Duo enjoy many high-end amenities including controlled access parking, a 24-hour state-of-the-art fitness center, arcade room with HD golf simulator, resort-style pool with cabanas, co-working spaces with private conference rooms, and outdoor grilling areas. The property is located a little over a mile from the Blossom Hill Caltrain station, which is only three stops from Downtown San Jose, providing abundant retail, dining, theater, art, and entertainment options.

Duo also benefits from San Jose’s strong employment base. Companies that call San Jose home include Adobe, Western Digital, Cisco, IBM, Samsung, eBay, and PayPal. In addition, the property is within walking distance to Kaiser Permanente San Jose, one of the City’s largest employers which has an employee base of more than 1,600.

Duo was 97% leased at closing.

Duo was financed with a 10-year fixed rate loan from Freddie Mac, placed by Institutional Property Advisors, which also marketed the property for sale on behalf of the seller.

About JRK Property Holdings
Founded in 1991, JRK Property Holdings (http://www.jrk.com) is a Los Angeles-based real estate investment firm specializing in the ownership, management, leasing and redevelopment of properties in primary and secondary markets throughout the United States.  JRK pursues value-added opportunities – investing in properties that it can reposition to deliver sustainable, growing streams of cash flow.  JRK’s $7 billion of assets under management is dedicated to a portfolio spanning 25 states with over 30,000 multifamily units, and luxury and flagged hotels.

Brandon Beck
DB&R Marketing Communications, Inc.

ASA to Help Real Property Appraisers Streamline their Appraisal Practice in New Webinar Series

HERNDON, Va.Aug. 17, 2023PRLog — ASA to host new webinar series to help real property appraisers streamline their appraisal practice to save time and money. This new webinar series will include five inter-connected topics, including:

  • Efficient Appraisal Practice: How Does an Assistant Fit In?
    September 6, 2023, 1:00 pm-2:00 pm EST
  • Efficient Appraisal Practice: Far Beyond Data Entry Assistance
    September 20, 2023, 1:00 pm-2:00 pm EST
  • Efficient Appraisal Practice: The Master Assistant
    October 11, 2023, 1:00 pm-2:00 pm EST
  • Efficient Appraisal Practice: Where’s Your Procedures Manual?
    October 25, 2023, 1:00 pm-2:00 pm EST
  • Efficient Appraisal Practice: Planning for the New Year
    November 15, 2023, 1:00 pm-2:00 pm EST

Joshua Walitt, SRA, AI-RRS, MNAA, CDEI, Principal Consultant of Walitt Solutions will be the presenter.

Participants may view webinars live or via recordings. Each webinar will award 1.2 ASA CE Hours.

Register online at https://bit.ly/3qEtI3S or by phone at (800) 272-8258.

Hong Kong – Property Management Services Ordinance to be fully implemented tomorrow

Property Management Services Ordinance to be fully implemented tomorrow


  The Home and Youth Affairs Bureau (HYAB) said today (July 31) that the three-year transitional period for the Property Management Services Ordinance (Cap. 626) (PMSO) will end today. Starting from August 1, 2023, all companies providing properties subject to deeds of mutual covenant with more than one category of prescribed property management (PM) services, as well as PM practitioners (PMPs) serving a managerial or supervisory role in such PM companies (PMCs), must hold a valid licence in accordance with the PMSO.
  The Property Management Services Authority (PMSA) is responsible for the implementation of the licensing regime under the PMSO. The PMSO provides for a single-tier licensing regime of PMCs, which are business entities that carry on the business of providing PM services. The PMSO also provides for a two-tier licensing regime of PMPs (i.e. PMP (Tier 1) licence and PMP (Tier 2) licence). Only those PMPs who assume a managerial or supervisory role in a PMC in relation to PM services provided by the PMC will be subject to licensing. Frontline staff will not be required to obtain PMP licences. 
  As of yesterday (July 30), the PMSA has issued formal licences to 747 PMCs and nearly 12 000 PMPs.
  ”The PMSA has been actively taking forward the full implementation of the licensing regime. The PMSA has issued licences to PMCs that are required to be licensed under the PMSO. The PM industry should be able to smoothly transfer to the new regulatory regime,” a spokesman for the HYAB said.
  The spokesman said, “Following the full implementation of the PMSO, the new regulatory regime for the PM industry will take full effect. The new regulatory regime should regulate and control the provision of PM services; promote the integrity, competence and professionalism of the profession of PM services; and maintain and enhance the status of the profession of PM services.”
  For any enquiries about details of the licensing regime, please visit the website of the PMSA (www.pmsa.org.hk/en/), or contact the PMSA at 3696 1111.

Hong Kong – Property owner fined over $90,000 for persistently not complying with removal order

Property owner fined over $90,000 for persistently not complying with removal order


     A property owner was convicted and fined over $90,000 at the Kwun Tong Magistrates’ Courts last week for persistently failing to comply with a removal order issued under the Buildings Ordinance (BO) (Cap. 123).

     The order involved erection of partition walls in a unit of a composite building at Chatham Court, for subdividing the unit into several individual rooms. As the alteration works obstructed the means of escape and contravened the Building (Planning) Regulations, a removal order was served on the owner under section 24(1) of the BO.

     Failing to comply with the removal order, the owner was prosecuted by the Buildings Department (BD) in 2018 and was fined about $50,000 upon conviction by the court. As the owner persisted in not complying with the removal order, the owner was prosecuted again. The owner was convicted again and fined $90,800 at the Kwun Tong Magistrates’ Courts on July 18.

     A spokesman for the BD said today (July 24), “Illegal subdivision of flats may lead to serious consequences. Owners must comply with the removal orders without delay. The BD will continue to take enforcement action against owners who have failed to comply with the removal orders, including instigation of prosecution, so as to ensure building safety.”

     Failure to comply with a removal order without reasonable excuse is a serious offence under the BO. The maximum penalty upon conviction is one year’s imprisonment and a fine of $200,000, and a further fine of $20,000 for each day that the offence continues.