February 25, 2019

Equity Residential, MAA, Aimco and the other public REITs will move at a steady pace this year. Many of the public REITs are increasing their budgets for development costs, which can include redevelopments and renovations, likely as a response to high buying prices and moderating returns. Same-store NOI, occupancy, revenue and expenses reflect the sentiment More

Multifamily borrowers will see plenty of bank lending activity this year including big players such as Wells Fargo, U.S. Bank and BofA. Look for banks to be more competitive with terms and provide the most flexibility. Anticipate them to become more active in the value-add and bridge lending multifamily space in their search for yield. More

Expect condo development starts to remain strong in 2019 but slow down overall. There are many developers still bullish on condos and trying to get new projects off the ground. However, lenders will be a little more hesitant. Banks will shy away from condos almost completely, leaving private money lenders and debt funds to pick More