Joseph Gordon

All aspects of the multifamily industry are navigating an uncertain future, though none needs to rebound as quickly and efficiently as the senior housing market. With both a need to keep an extremely vulnerable demographic safe from the COVID-19 pandemic and give families of the residents peace of mind knowing that their loved ones are More

There are many people, from millennials to senior citizens, unwilling to sacrifice the ease and convenience offered by mixed-use living, even with the unpredictability of both coronavirus and social unrest affecting urban livability. As many multifamily residents telecommute from home, they will still need to escape their confines throughout the day for food, services, essentials More

The deal was in the process of receiving offers when the national state of emergency was declared due to COVID-19. Many buyers initially retreated, but as weeks went by, there appeared to be no lack of interest in the asset and the Raleigh market in general. The biggest obstacle was navigating the unknown impact to More

We asked these industry executives how their companies plan to improve their current amenities. Brad Taylor, CEO/Managing Partner — JPI In the age of COVID-19, sanitation, health and safety are top-of-mind. All JPI properties offer large communal spaces that allow residents to maintain proper social distancing while still enjoying our best-in-class amenities. Additionally, JPI has More

Look for a surge in multifamily construction lending throughout the third and fourth quarter. Multifamily projects in the best locations with strong sponsors will see available capital, although with more conservative occupancy and rent growth underwriting. Projects are taking longer to get through the entitlement and planning process and there are concerns about the availability More

The biggest challenge to overcome during this transaction was the COVID-19 pandemic. The property went under contract on February 29, and all of the deal’s most important milestones (due diligence, loan application, etc.) fell within the period of the first impact of the virus and the ensuing stay-at-home orders. Ultimately, it was the persistent cooperation More

We asked: What are you  doing to bring new renters in? Have you seen success in virtual tours and other new social distancing practices? Stephen DeFrancis, CEO — Cortland Like many in our industry, as stay-in-place orders took effect in March, we quickly ramped up our virtual and online tour capabilities. Within days, we had More

Multifamily continues to be the top choice for lenders as property performance has been stronger than expected. There has also not been much turnover since residents are staying put and many are working from home. So far April, May and June collections seem promising. All eyes will be on August, September and October rents, as More

The main hurdle FCP encountered in closing this deal was uncertainty in the market due to the COVID-19 outbreak. Thankfully, FCP had been able to complete the typical due diligence process prior to the pandemic, which gave them comfort that they had seen all they needed to on site. Additionally, working with a JV partner More

We asked these executives what their companies are doing to bring in new renters and their experiences with virtual tours and social distancing practices. Cindy Clare, COO — Bell Partners Q: What are you doing to bring new renters in? Have you seen success in virtual tours and other new social distancing practices? A: Although More