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Corporate housing is typically used for stays averaging one month or more (the average corporate housing stay is 83 days, according to the 2011 Highlands Group Corporate Housing report; more than 100 days for Managed Corporate Housing Companies and 13% of CHBO property owners report their properties were rented for a year or longer, according ...
At their peak, there were more than 2,500 company towns, housing 3% of the US population. [24] The rate of company owned housing however was higher, the Bureau of Labor Statistics surveyed a sample of 213 companies for 1916, a full 34.4% of their workforce lived in company housing. However, the survey covered primarily manufacturing (textile ...
InTown Suites in Houston. Intown Suites was founded in 1988 by David Vickers. [1] During two decades of existence, Intown Suites has proved to be a very successful business, and is currently one of the fastest growing extended-stay chains.
Generally, corporate real estate professionals approach the real estate market from the owner-occupant perspective, both leased or the buy-side, primarily demand perspective, similar to corporate purchasing or procurement. As such, they seek to contain costs, and may benefit from economic environments that are described by most as "weak".
Corporate landlords are able to buy foreclosed houses and rent the house back to the original owner. [20] Another form of corporate monopolization and housing are company towns , where one corporation owns the vast majority of housing and businesses.
Strata management, sometimes known as "body corporate management", is a specialist area of property management involving the day-to-day operation and management of a property that is jointly owned and comprises multiple units, common areas and common facilities.
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