March 8, 2021
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BOARD OF ADVISORS
Elie Reader, CEO — Castle Lanterra Properties CLP is continuing an overall strategy of acquiring and repositioning multifamily properties in strong suburban markets, while maintaining a conservative approach to operations through 2022 due to continued pressure on markets from COVID-19. We expect the nationaleviction moratorium will cease sometime during 2021, leading to a wave of More
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AFFORDABLE DEVELOPMENT HEATING BACK UP
Much like the rise in Class B and C housing acquisitions, expect affordable housing development deals to heat up in 2021, as developers will be spurred on by demand within the segment. Look for developers to eye growth in several markets, particularly the Southeast, as rising migration from expensive city centers and increased work-from-home opportunities More
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VALUE-ADD ACQUISITIONS TO SURGE
Look for value-add acquisitions to dominate transactions in 2021, as companies hope to respond to the increased desire from residents for cheaper housing in booming markets. Expect continued pushes toward the Southeast regions, as residents leaving expensive cities such as San Francisco and New York will bank on cheaper rent in more affordable locations, buoyed More
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Board of Advisors in the week of March 8th
We asked: What do you think will be the hottest multifamily markets in 2021, and which Multifamily markets will you target and/or shy away from, and why? Elie Reader, CEO — Castle Lanterra Properties CLP is continuing an overall strategy of acquiring and repositioning multifamily properties in strong suburban markets, while maintaining a conservative approach More
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Affordable Development Heating Back up
Much like the rise in Class B and C housing acquisitions, expect affordable housing development deals to heat up in 2021, as developers will be spurred on by demand within the segment. Look for developers to eye growth in several markets, particularly the Southeast, as rising migration from expensive city centers and increased work-from-home opportunities More
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in Archive, Premium, Uncategorized
Acquisition of the Week of March 8th: The Life at Windy Hill in Marietta, GA
Hurdles encountered during the sale included the fact that the asset had high expenses, a low cap rate and an existing Land Use Restrictive Agreement (LURA) that restricted rents in 40% of the units. The deal was especially unique because the asset is a 40% low-income housing tax credit (LIHTC) property with two years remaining More
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Value-Add Acquisitions to Surge
Look for value-add acquisitions to dominate transactions in 2021, as companies hope to respond to the increased desire from residents for cheaper housing in booming markets. Expect continued pushes toward the Southeast regions, as residents leaving expensive cities such as San Francisco and New York will bank on cheaper rent in more affordable locations, buoyed More
