Joseph Gordon

As COVID-19 experiences a resurgence in the United States, the multifamily market continues to maintain strong acquisition pipelines, keeping up pace with pre-pandemic numbers. Purchases in the Sunbelt and Southeast regions maintain their upward trajectory, with companies starting to move northward in the state of Florida, shifting slightly away from the congested Miami market and More

Multiple property portfolio acquisitions continue to be a growing trend in the increasingly competitive multifamily space, which drew Oak Coast’s attention to this purchase. The company purchased two properties in the Colorado market, both in Denver, from Mountain View Capital. The purchase included Avalon with 235 units and Estrella Apartments with 192 units. Oak Coast More

Acquisitions continue to boom as demand for supply shrinks. Look for investors to scoop up multiple properties when they can get them. Multifamily lending also continues to heat up, with bridge loans especially on the rise. Count on extremely competitive terms and underwriting as lenders strive to compete. Greystone recently provided $41.2M in bridge financing More

Multifamily borrowers will continue to gain the most favorable terms as all lenders strive to compete in the space. Equity requirements have increased and leverage has not been pushing quite as high since cap rates remain low. But pricing is still at an all-time low and underwriting will continue to loosen. Leverage for most deals More

Watch for a large rebound in the senior housing space in the coming months, as owners and operators prep for increased demand from investors. Spurred on by expected increases in population and occupancy demand, investors will double down on senior living as COVID-19 concerns begin to dwindle, despite the increase of the Delta variant nationwide. More

Hold periods on West Coast acquisitions are on the uptick, a trend exemplified by this transaction from MG Properties Group, which acquired Victoria Arbors from Sares Regis Multifamily Funds at the end of June. The property, located in the Inland Empire area of Southern California, has been experiencing rental rates that are growing exponentially, along More

Demand for mixed-use development is on the rise as residential supply becomes increasingly thin amid fervent demand. Watch for a surge in mixed-use development pipelines in hot markets such as Florida, Georgia, Tennessee and Texas, although owners and developers are now dipping their toes outside of the Sunbelt in some Midwest and East Coast cities. More

Massive investments in the multifamily segment point to heavy competition amid huge acquisitions, with investment groups aiming to scoop up portfolios across several hot regions of the United States. Expect the Sunbelt to continue to dominate, but as more and more investors vie for single-family home rentals and value, expect the geographic reach of multifamily More

Look for lenders to be more aggressive with hotel-to-multifamily conversion loans going forward. This is quickly becoming a favored product type as the space stabilizes and more entrants are able to point to case studies of success. Many lenders that provide ground-up construction loans for rental housing will enter the game. Lenders will like that More

The boom in single-family housing looks to put a massive dent in the multifamily industry, as investors continue to bank heavily on the single-family home market amidst unprecedented demand. Single-family rentals (SFRs) in particular are seeing massive demand, with sweeping acquisitions, along with some multifamily companies expanding portfolios into the SFR market. Part of the More

Phoenix continues to be an increasingly attractive market for the multifamily segment and as supply is quickly being gobbled up, investors will be on the lookout for value-add opportunities in buildings with 100+ unit counts. Likewise, sellers will be keen to move properties when the right buying partner comes along, which Tower 16 Capitals Partners More

Small-balance multifamily lending will be robust throughout the rest of the year. There is strong data supporting acquisitions, as rates are hovering around historical lows and most COVID-19 restrictions are being waived. Watch for new lenders and investors to enter the space in the coming months. Bank lenders will especially increase production in a significant More