ATLANTA (AP) — Real estate giant Greystar and 25 other property management companies have agreed to collectively pay more than $141 million to settle a class action lawsuit accusing landlords of driving up housing costs by using rent-setting algorithms offered by the software company RealPage. Greystar, the nation's largest landlord, would pay $50 million under the proposed settlement agreement, which was filed Wednesday in a Tennessee federal court. The deal would still require a judge's approval. The ...

For its first BENCHMARK: Master-Planned edition, FirstService utilized data from more than 400 communities across six major geographic areas in the United States. The high-rise edition analyzes operating costs from almost 1,000 residential buildings in major urban centers throughout the U.S. and Canada. Both reports offer actionable insights into operating costs, including insurance, maintenance, sustainability, amenities, reserves, and capital planning. "In my experience, the most successful boards move th ...

This story was originally published on Multifamily Dive. To receive daily news and insights, subscribe to our free daily Multifamily Dive newsletter. This morning, Alpine Investors announced the launch of Oakline Properties, a platform focused on partnering with and scaling property and association management businesses nationwide, the company shared with Multifamily Dive.  Oakline announced the purchase of Woodland Hills, California-based Cirrus Asset Management, which oversees more than 20,000 units acro ...

Tribe to Present at the 2025 Cantech Investment Conference in TorontoSeptember 22, 2025 7:55 AM EDT | Source: Cantech LetterVancouver, British Columbia and Toronto, Ontario--(Newsfile Corp. - September 22, 2025) - Tribe Property Technologies Inc. (TSXV: TRBE) (OTCQB: TRPTF) ("Tribe" or the "Company"), a leading provider of technology-elevated property management solutions, is pleased to announce its participation at the upcoming 2025 Cantech Investment Conference on Thursday, October 9, 2025 i ...

Evergrande’s liquidators have received non-binding offers for a property management unit they have been seeking to offload https://t.co/PfRSPFkxwX ...

Summary of Greentown Service (2869.HK) Conference Call Company Overview - **Company**: Greentown Service (GTS) - **Ticker**: 2869.HK - **Industry**: Property Management Services (PMS) Key Financial Highlights - **1H25 Core Operating Profit**: Increased by 25% year-on-year (yoy), exceeding management's guidance of 15% yoy and Goldman Sachs' estimate of 17% yoy [1][3] - **Gross Profit Margin (GPM)**: Improved by 0.5 percentage points (pp) yoy, with all sub-segments showing yoy GPM increases [1] - **PMS Revenue**: Grew by 10% yoy, contributing 71% to total revenue, marking a return to record levels since 2016 [1][3] - **Accounts Receivable (AR)**: Expanded by 14% yoy, with management optimizing AR structure to maintain a healthy balance [1][9] - **Cash Reserves**: Increased by 26% yoy, totaling over Rmb1.1 billion net addition [1][8] Management Guidance and Future Outlook - **FY25 Guidance**: Maintained core operating profit growth target of 15% yoy, supported by double-digit PMS revenue growth and further margin improvements [3][4] - **Long-term Margin Outlook**: Management aims for continued GPM improvement and SG&A ratio optimization through 2026-2027 [3][4] - **Project Engagement**: Focused on high-profitability projects in core cities, with a target of Rmb4 billion in new contracts for FY25 [4] Operational Insights - **Project Sourcing**: 95% of new projects located in core cities, with significant contributions from large state-owned enterprises (SOEs) [4][7] - **Community Living Services**: Efforts to enhance revenue generation through community services, early childhood education, and elderly care [4] - **Organizational Streamlining**: Continued efforts to reduce SG&A expenses, which decreased to 7.9% of total revenue [1][7] Risks and Challenges - **Community VAS Revenue**: Experienced a decline of 6% yoy, primarily due to a significant drop in home living services [9] - **AR Impairment Loss**: Increased by 34% yoy, indicating potential collection challenges [9] - **Market Competition**: Facing intensified competition in the property management sector, which may impact margins [4][15] Investment Thesis - **Rating**: Buy - **12-Month Target Price**: Revised to HK$6.3 from HK$5.0, based on a 12X 2027E free cash flow valuation [6][15] - **Valuation Comparison**: GTS trades at a lower P/E ratio compared to peers, with a projected 25% EPS CAGR and a 6% yield [6] Conclusion - Greentown Service is positioned for continued growth and profitability, supported by strong project engagement and effective cost management strategies. However, potential risks related to revenue declines in certain segments and market competition should be monitored closely.

Core Insights - FirstService Residential's South Region headquarters achieved WELL Certified™ Gold, reflecting its commitment to employee health and wellness [1][4] - The company hosted a wellness event to celebrate this milestone, featuring activities that connected WELL principles to daily routines [3][4] - The WELL Certification emphasizes quality in air and water, natural light, ergonomic design, mental health support, and nutrition [4][5] Company Achievements - The WELL Certified™ Gold recognition adds to FirstService Residential's accolades, including being named to Newsweek's 2025 list of America's Greatest Workplaces for Mental Well-Being [5] - The company has received repeated recognition from Great Place to Work® in both the United States and Canada [5] Commitment to Wellness - FirstService Residential aims to uphold wellness standards in its workspaces, mirroring the standards it promotes for residents [5] - The achievement of WELL Certified™ Gold required meeting strict criteria across all aspects of the work environment, showcasing the company's dedication to creating supportive spaces for employees [5]

Core Insights - FirstService Residential has been selected as the management partner for Selene Oceanfront Residences, a new luxury condominium in Fort Lauderdale, enhancing its regional portfolio [1][2][4] - Selene Oceanfront Residences features 194 luxury residences across two towers, designed by architect Kobi Karp, embodying resort-style coastal living [2][3] - The project signifies a continuation of FirstService Residential's collaboration with Kolter Urban, showcasing their expertise in luxury high-rise community management [4][6] Company Overview - FirstService Residential is North America's leading property management company, focusing on enhancing property value and resident life through tailored management solutions [1][7] - The company offers a range of services including concierge, dedicated lobby staff, and curated lifestyle experiences, aimed at providing personalized attention to residents [5][8] - FirstService Residential operates with a service-first philosophy, providing 24/7 customer care and specialized support through various programs [8][9]

Summary of the Conference Call Transcript Industry Overview - **Industry**: China Property Management & Services - **Earnings Growth**: Expected average earnings growth of 6% year-on-year (y-y) in 1H25, with revenue growth of 5% and improved operating efficiencies [1][3] - **Cash Collection**: Cash collection has weakened further, with a focus on this issue during the results briefing [1][3] Key Points Earnings and Revenue Expectations - **Earnings Growth**: PMCs (Property Management Companies) are expected to report an average earnings growth of 6% y-y, with notable divergence among companies [3] - **Top Performers**: GTS and Mixc are projected to achieve the highest earnings growth of 15-20% y-y, followed by Onewo (10-15% y-y) [3] - **Decliners**: CGS and Sunac Services are expected to see a decline of 5-10% in earnings [3] Cash Collection and Financial Health - **Cash Collection Ratio**: The cash collection ratio is anticipated to weaken by 1-2 percentage points y-y on average, attributed to less advanced payment from residential owners amid ongoing macroeconomic challenges [3][9] - **Operating Cash Flow**: Many PMCs may report negative operating cash flow in 1H due to seasonality, making the full-year operating cash flow/net profit coverage ratio critical for long-term dividend sustainability [3][9] - **Impairment Ratio**: There is a concern regarding the impairment ratio for third-party accounts receivables due to aging trade receivables and continued weak cash collection [3] Dividend Outlook - **Potential Dividend Increases**: There is potential for further dividend raises given PMCs' decent cash flow and strong cash balances [3] - **Dividend Policies**: Companies like Onewo are expected to maintain a regular payout ratio of 55%, with expectations for special dividends [11] Market Dynamics - **Third-Party Expansion**: Despite rising competition, third-party expansion is on track, indicating market share gains [1][3] - **SSSG Guidance**: The outlook for same-store sales growth (SSSG) and rental reversion for mall operators, particularly CR Mixc, is a key area to watch [3] Stock Recommendations - **Preferred Stocks**: Companies with good earnings visibility and strong dividend outlooks are recommended, including: - **Resilient Growth**: CR Mixc (1209.HK) and GTS (2869.HK) - **High Dividend Yield**: Onewo (1908.HK) and GTM (9979.HK) [4] Additional Insights - **Revenue Growth Drivers**: Revenue growth is primarily driven by basic property management services, while value-added services (VAS) remain muted due to weak macro conditions [15] - **Margin Stability**: Gross margins are expected to remain stable, although there may be pressure from newly expanded external projects amid heightened competition [16] - **Core Profit Growth**: Core profit growth is expected to average 6% y-y, with double-digit growth for GTS (20% y-y), Mixc (15% y-y), and Onewo (11% y-y) [17] Conclusion The China Property Management & Services industry is facing challenges with cash collection and competition, but there are opportunities for growth and dividend increases among select companies. The focus on earnings visibility and financial health will be crucial for investors in the upcoming reporting period.

Core Insights - AppFolio has been selected by Northpoint Asset Management to enhance its operations through the AppFolio Property Manager Max platform, which is designed for large residential operators [1][2] Company Overview - Northpoint Asset Management is a full-service property management company based in Salt Lake City, managing over 8,000 units and over $5 billion in real estate assets [2][5] - The company operates more than 40 office locations across the US and serves thousands of clients, including large institutional investors [5] Technology and Innovation - Northpoint chose AppFolio Property Manager Max for its performance-first platform that unifies data, streamlines operations, and provides real-time insights [2] - AppFolio's AI-native product suite, including AppFolio Realm-X, is designed to improve operational efficiency and empower teams to act proactively [4] Leadership Perspectives - Adam Haleck, CEO of Northpoint, emphasized the importance of evolving tools to support the company's expansion and highlighted the seamless transition to AppFolio [3] - Marcy Campbell, Chief Revenue Officer at AppFolio, noted the partnership's potential to enhance performance and stakeholder satisfaction [4]