Golf’s $9 Billion Real Estate Market Is On The Upswing: See Where And Why

Red Ledges in the Rocky Mountains did $64 million in sales volume in 2017. Golf is at the heart of Red Ledges in Heber City, Utah, with an 18-hole Jack Nicklaus-designed course and a 12-hole, par-3 Nicklaus Signature “golf park” in the private Rocky Mountain community about 25 minutes from Salt Lake City. The community is coming off a record sales year in 2017, with 150 closings and about $64 million in sales volume. After it took close to nine years to get the first 100 homes built and sold at Red Ledges, there have now been approximately 550 sales the past few years and more than 100 more homes… Read More

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Extra Space Storage (EXR) Q4 Earnings: What’s in Store?

Shutterstock photo Extra Space Storage Inc. EXR is slated to report fourth-quarter and 2017 results on Feb 20, after the market closes . Both its revenues and funds from operations (FFO) are expected to experience year-over-year growth. In the last reported quarter, this Salt Lake City, UT-based self-storage real estate investment trust (REIT) delivered a positive surprise of 2.73% in terms of FFO per share. Results reflected growth in property-rental revenues and improvement in same-store NOI. Particularly, higher occupancy and rental rates supported growth. The company has a decent surprise history. In fact, the company exceeded the Zacks Consensus Estimate in each of the trailing four quarters, with an average… Read More

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