October 26, 2020

Count on an influx of developers wanting to repurpose big-box anchor mall spaces, specifically former Sears stores, into apartments. This trend has especially revved up as the coronavirus lockdowns are adversely affecting mall traffic. There are ample retailers and restaurant chains that are especially attracted to the big-box apartment conversion concept, as it means there More

Property: Hope Creek Nursing and Rehabilitation Center, 245-bed facility in East Moline, Ill. Buyer: Strawberry Fields REIT LLC Seller: The County of Rock Island Price: $4M, $16.3K/bed Hold Period: Long Term This was initially a public auction and when the prior bidder was unable/unwilling to close, Strawberry Fields stepped in and closed the transaction even More

Count on many lenders, especially the agencies and banks, to be active in the small-balance multifamily space going forward. Small-balance properties will continue to be sought after as they include a big component of workforce housing, which is in high demand. Lenders will especially target small properties with an affordability component. Rates will remain low More