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Post by Marshall on Jun 23, 2022 8:26:52 GMT -5
A 15,000 acre 'family' farm. Or a little over 23 square miles. How many people would you think the family corporation employs? I remember the story decades ago when Gorbachev was Russian top dog, and he was travelling in the US for something. Oregon or Washington I think. And he made his entourage stop in a random farm he saw along the way. He interviewed the family owners. Gorbi had been head of collective farms in Russia before becoming top dog. He asked the family where all the workers lived. The family responded there weren't any. The family farmed the whole place with their machinery. Gorbachev was amazed. |
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Post by majorminor on Jun 23, 2022 8:39:16 GMT -5
The reason the article interested me is the seeming accelerated pace of land and housing being purchased by corporations or portfolios. I think the old model of private land ownership is slowly changing. If you got yours keep it. If you don't get it. finance.yahoo.com/news/real-estate-fund-backed-goldman-093601700.htmlReal Estate Fund Backed By Goldman Sachs Acquires Entire Community Of 146 Single-Family Homes In Jacksonville, FL The real estate investment platform Fundrise announced that it recently acquired 146 rental homes in the Treeline Trails community of Jacksonville, Florida. The purchase was made by a joint venture between two Fundrise-sponsored funds, the Fundrise Interval Fund, which was backed by Goldman Sachs Group Inc (NYSE: GS) last year with a $300 million credit facility, and the Growth eREIT VII. The joint venture acquired the community for approximately $55.9 million and, according to Fundrise, approximately 90% of the homes were already occupied at the time of acquisition. Unlike the Wall Street funds that have been purchasing large portfolios of rental properties throughout the country, the Fundrise Interval Fund was designed for retail investors, allowing non-accredited investors to participate with as little as $10 through a Reg A offering. The company has been investing heavily in the single-family rental space, especially in Sunbelt states such as Florida. So far in 2022, Fundrise has purchased at least 467 single-family rental homes across Florida, South Carolina, Arizona and Las Vegas. A portfolio update posted on the Fundrise website about the latest acquisition states “At a strategic level, this investment fits within our affordably-priced Sunbelt apartment / rental housing thesis. From millennials to retirees, a broad group of Americans has been taking part in a migration from northern to southern states over the past decade, driving continued demand for well-priced, well-located real estate, and supporting steady returns for disciplined investors.” The community of homes in Jacksonville was acquired from Mainstreet Renewal, which completed construction at the community in December 2021. The community consists of three-, four-, and five-bedroom homes, each with its own attached garage and fenced yard. According to data from Redfin, single-family homes in Jacksonville have increased in value by 25.5% year-over-year. Housing Tides shows a 20.4% year-over-year increase in rent price for the area with the addition of 15,300 households in the last 12 months. Discover private equity real estate investments with Benzinga’s Real Estate Offering Screener and browse available investment opportunities based on your selected criteria. |
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Post by TKennedy on Jun 23, 2022 8:48:44 GMT -5
I am sure at some point the Mormons or the Ted Turner folks will be pressuring us to sell our ranch and offer big bucks but I never will. When I die there will probably be a deathbed scene like the one between Horace Tabor and Baby Doe.
“Hold on to the Matchless”
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Post by theevan on Jun 23, 2022 9:01:26 GMT -5
Meanwhile we just sold our 480 acres our family settled in the 1800s. I deeply regret it but I was outvoted
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Post by Cornflake on Jun 23, 2022 9:26:30 GMT -5
"The reason the article interested me is the seeming accelerated pace of land and housing being purchased by corporations or portfolios. I think the old model of private land ownership is slowly changing."
I'll add that to the list of trends I dislike. It's a pretty long list.
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Post by majorminor on Jun 23, 2022 9:48:07 GMT -5
“Hold on to the Matchless”  |
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Post by james on Jun 23, 2022 10:11:30 GMT -5
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Post by Rob Hanesworth on Jun 23, 2022 12:29:40 GMT -5
"The reason the article interested me is the seeming accelerated pace of land and housing being purchased by corporations or portfolios. I think the old model of private land ownership is slowly changing." I'll add that to the list of trends I dislike. It's a pretty long list. Agree. Apparently, most things seem destined to be corporate. I remember, seems like not too long ago, that many, if not most, doctors were independent or in small partnerships. Now it seems that most practices are owned by one of the area hospital groups and located in hospital owned buildings. The doctors are hospital employees. |
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Post by TKennedy on Jun 23, 2022 14:14:36 GMT -5
I am glad I got out when I did. Our orthopedic group is owned by the hospital now. The boys got a great buyout but it came at a price.
Advertising for physicians was anathema while I was working. Considered unethical. Now all I see are ads and billboards with doctor’s pictures on them bragging about how great they are. Might as well be selling used cars.
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Post by Rob Hanesworth on Jun 23, 2022 15:07:21 GMT -5
I am glad I got out when I did. Our orthopedic group is owned by the hospital now. The boys got a great buyout but it came at a price. Advertising for physicians was anathema while I was working. Considered unethical. Now all I see are ads and billboards with doctor’s pictures on them bragging about how great they are. Might as well be selling used cars. "We will not be undersold on hip replacements! Bring us another practice's quote and if we can't beat it, dinner at Outback is on us." |
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Dub
Administrator
I'm gettin' so the past is the only thing I can remember.
Posts: 19,904 
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Post by Dub on Jun 23, 2022 15:17:25 GMT -5
I am glad I got out when I did. Our orthopedic group is owned by the hospital now. The boys got a great buyout but it came at a price. Advertising for physicians was anathema while I was working. Considered unethical. Now all I see are ads and billboards with doctor’s pictures on them bragging about how great they are. Might as well be selling used cars. "We will not be undersold on hip replacements! Bring us another practice's quote and if we can't beat it, dinner at Outback is on us." Whenever I need to find a new PCP, I ask experienced nurses whom I respect. |
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Post by Cornflake on Jun 23, 2022 16:12:46 GMT -5
Reminds me. When ultrasounds were showing the beginnings of what turned into kidney cancer, I got referred by my primary doc to a urologist. After two very troubling visits to urologist A, I went back to my primary doc and said I wanted a new referral. He gave me one. Urologist B was a partner of urologist A. When I tried to make an appointment with urologist B, the assistant told me that I was urologist A's patient and I couldn't see another doctor without his permission. I told her I wasn't going to ask for anyone's permission.
So I contacted my primary doc's office, told his assistant what had happened and asked for yet another name. I got the distinct impression that they weren't supposed to refer me to doctors outside their network. Finally, his assistant called me back and gave me a new name as if she were telling me something she shouldn't. Urologist C turned out to be great.
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Post by Marshall on Jun 24, 2022 8:02:02 GMT -5
"We will not be undersold on hip replacements! Bring us another practice's quote and if we can't beat it, dinner at Outback is on us." Whenever I need to find a new PCP, I ask experienced nurses whom I respect. If you're outliving your Drs, then they're doing something right. |
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Post by millring on Jun 25, 2022 5:03:15 GMT -5
I understand that outward appearances can be deceiving, but I've long heard that only big corporate farms can survive in today's market. Yet, it appears that the most prosperous farms in the county are the German Baptist/Mennonite farms. And they appear to be the ones -- the families -- who are buying any property that becomes available. The big corporate farms got big a couple of decades ago and have stayed the same. They employ a lot of essentially migrant workers. The GB/M farms are family run (including the kids).
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