Joseph Gordon

Though COVID-19 has not abated, developers and property management companies within the multifamily industry are confident that, despite some acquisition slowdown in 2020, a number of so-called “pent up” deals that were put on hold last year will finalize. Also expect the market to heat back up as the vaccine becomes more readily available. Suburban More

Many multifamily and retail owners’ renovation plans for 2021 are focused on adding open green space and more outdoor communal areas that serve as a solace to coronavirus concerns. Mixed-use developments are also trending, especially taking over demolished vacant big-box mall space. Much of this development is occurring outside of major metropolitan hubs, as the More

As 2021 roars on, watch for property management to become an integral component of sustained tenancy for the foreseeable future. Wood Partners anticipates the effective staffing of properties to be a constant difficulty for most of the industry throughout 2021. Colony Hills Capital expects delinquencies to be an ongoing problem for much of the multifamily More

Count on capital for senior housing properties to become more available next year, especially once there is access to a vaccine. Lender and investor interest will be strong, as long-term fundamentals of the sector remain positive and the population continues to age. The pandemic has resulted in fewer new construction projects, which will improve overall More

Even though COVID-related issues meant that the due diligence period was longer than Colony Hills Capital would have preferred, the real estate investment firm found the property especially appealing because it is centrally located to major job markets, including Tyler Perry Studios, which is six miles away. The property is also two miles away from More

Despite the impact of COVID-19 still reverberating throughout the multifamily industry, expect acquisitions to be strong in 2021 with several companies such as Colony Hills Capital, Middleburg Communities and others to focus heavily on battleground markets when pursuing property acquisitions next year. Geography will play a much bigger role in acquisitions, with developers focusing heavily More

Lenders perceive multifamily as the strongest and safest real estate asset class going forward. The agency lenders have been extremely aggressive on pricing with no changes in sight. Count on banks, life companies and CMBS lenders to become more aggressive on terms, specifically debt service coverage ratios and cash-out restrictions, in order to compete with More