Joseph Gordon

Watch for development trends that have dominated throughout 2021 to continue into the rest of the year and into 2022. The Sunbelt will continue to be a hot market for investors and developers, though there are concerns that rising construction costs will threaten to stifle pipelines despite the intense demand. Expect strong development pipelines in More

Financing for the single-family housing sector is on fire with a major push toward single-family rentals (SFRs) and the build-for-rent space. There has been a shift out of apartment living and towards single-family homes, leading to home sales skyrocketing and a housing shortage in many markets. New lenders are vying to get in the game, More

As with most assets on the market right now, interest in this property was highly competitive. Therefore, Cortland offered closing terms and a timeline that was attractive to Miller Creek Residential. Cortland also had an advantage due to its other recent transactions, which helped assure the seller. The buyer, whose portfolio mainly consists of more More

Developers and property managers in the Class A space will continue leveraging new technologies and partnerships to bolster amenities implementation in order to keep pace with increased demand from affluent tenants, while also aiming to stave off the competition from the looming single-family home space. While COVID-19 presented several challenges to the multifamily segment and More

We asked: What do you think will be the hottest mixed-use markets in 2021, and which multifamily markets will you target and/or shy away from, and why? Mark Hamilton, Founder/CEO — Hamilton Zanze Real Estate Investments Mixed-used development will follow the ongoing out-migrations from major urban areas to suburbs, secondary and tertiary markets, especially those More

Acquisition pipelines and strong lending terms for buyers has led to a groundswell of purchases in the Class A segment. Count on hold periods to average between five and 10 years in booming markets like the Southeast, while longer holds can be expected in the Northeast and Central markets, as demand is down and investors More

The sale of this newly constructed apartment complex in the Downers Grove affluent submarket of Chicago would have been free of hurdles if not for the pandemic, which created a delay with deciding on the final price. The pandemic also affected the number of potential buyers for this property, as many were waiting for more More

Expect the Southeast to prolong its dominance as a hot market, a trend that will likely continue well into 2022. Built-up liquidity as a result of the pandemic will see a bevy of acquisitions as large investment firms will likely be aggressive when it comes to snatching up properties. Despite the surge of demand in More

Count on property management growth to be a key trend of 2021, as the booming single-family home market will continue to threaten the profitability of the multifamily sector. As such, property managers will be a valuable touchstone for companies, needing strong customer service and overall management to set communities apart from the lure of single-family More

We asked: What are your predictions for mixed-use development in general for 2021, and what are your specific 2021 multifamily development plans? Mark Hamilton, Founder/CEO — Hamilton Zanze Real Estate Investments We anticipate mixed-use development will occur primarily in urban core locations or close by and will likely entail retail and lifestyle retail under medium-density More

Expect ample available financing for multifamily construction this year, with most lenders expected to return to the space by the second half. Construction lenders who remained active during the pandemic will likely become more aggressive with their underwriting as the economy continues to improve. Other lenders who paused have already re-entered and are eager to More

The acquisition of this Class B multifamily property, located 56 miles east of Los Angeles, was appealing to MG Properties Group as very few properties have been on the market within the area, especially those that offer moderately priced rent levels. MG Properties Group is a medium- to long-term investor with a focus on adding More