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Count on smaller multifamily companies to ease off the gas for value-add by looking in multifamily-related areas such as development and student/senior housing. While buyers fight for value-add properties, many firms will spend their time and capital on different projects. Development, on the other hand, is less crowded and offers a better return for deals More

More and more equity players are aiming to place money in the multifamily space. Investors who need to fulfill their 2019 quota will be scrambling until the end of the year to get money out. The caveat is they are keeping their downside in mind, so watch for more pref equity terms with JV players More

Value-add competition will push investors out of their comfort zones in order to compete. This means more players will be on the lookout for off-market deals and/or paying all cash in order to close quickly. Speed of execution is ultimately winning the day. Firms have large subscription lines of credit to buy properties with all More

Count on Class B and C deals to see even more fiery competition now that interest rates have dropped further. Despite the lower rates, the cost of debt has actually increased, which should keep the market in a stable place. The current headwinds and tailwinds are mostly canceling each other out. The demand for workforce More

Waterton will target $1.1B of multifamily acquisitions in addition to $100M to $125M of student housing. It will be focused on the top 30 markets in both urban and suburban locations. Its team looks at around 500 deals a year, while searching for well-priced opportunities. The company plans to be selective in markets with very More

Count on the newly built senior housing properties to have a better outlook than older supply. Despite the recent glut in supply, higher quality senior housing will attract residents more than the properties that are 20 years or older, which is a majority of inventory. People want amenities and services that are reminiscent of hospitality. More

Count on developers to continue starting new projects due to strong demographics, liquid debt and equity. Scarcity of quality sites, rising construction costs and evermore selective investment capital will slow down new developments, but projected job growth, the continued decline of homeownership rates and positive rent growth will keep production chugging along. Multifamily development will More

Affordable housing will continue its explosive pace this year. Development shows no sign of slowing and has the potential to increase in production if a bill in Washington, D.C., goes through. This increase of affordable housing should alleviate some demand from the Class B and C buildings nearby, but it is merely a dent in More

Rent growth will continue to flatten nationwide despite constant demand for multifamily housing. Markets with job growth continue to be healthy. The market has done well at catching up supply with demand. Most of the new buildings delivered are Class A, which means there will still be room for rent increases for Class B and More

Small multifamily owners will see more favorable terms as lenders compete. The small-balance multifamily market is well-positioned going forward due to strong investment activity and a vast improvement in liquidity this cycle, largely in part due to agency support. Loan size limits will increase slightly, certain programs will become more streamlined and new lenders that More

Count on multifamily developers to be highly selective with projects going forward as they store up dry powder for the beginning of the next real estate cycle. More people are looking over their shoulders as the 10-year-long economic expansion continues. Development veterans will seek out less new opportunities going forward as they sharpen the saw More

Property managers will go all out to bring fresh blood to the multifamily industry and focus even more on keeping their best employees. With the low unemployment rate and new developments coming online, operators need all the help they can get. Keep an eye out for salaries to creep up as the pool of experienced More