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Unit Counts Surge as 2021 Winds Down
The acquisition push that dominated much of 2021 will continue well into 2022, with a number of investors and companies bolstering portfolios in competitive markets. Expansion into already heavily active markets in the Southeast will continue, though also look for portfolio acquisitions in markets that shift away from the normal trends. Bulk acquisitions will be More
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Acquisition of the Week of Oct 25th: The Vue in San Bernardino, CA
Though the southern portion of the United States continues to dominate headlines in terms of acquisitions and multifamily development, there are still plenty of noteworthy acquisitions in the Western region of the country. Case in point, this acquisition of The Vue, a 197- unit community located in San Bernadino, Calif. represents a strong off-market transaction More
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Board of Advisors in the week of Oct. 25th
We asked: What regions/markets do you expect to see increased demand for acquisitions and development in 2022? Andre Soroudi — EVP, Acquisitions/Development for CGI+ Real Estate Investment Strategies We are continuing to see tremendous demand for primary suburban locations and expect this trend to sustain through 2022. More specifically, these suburban locations offer an attractive More
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Student Housing Demands Booms
Student housing maintains strong demand, along with increased investor interest and a healthy development pipeline. Though COVID-19 remains an active concern, the fall semester is seeing a return to in-person student learning, leading to strong occupancy rates. This will vary heavily by region, but in general, the sector has a lot of potential for growth, More
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Acquisitions Maintain Strength Amid Heavy Competition
Watch for a continued influx of acquisitions as 2021 winds down, despite stiff competition from the mixed-use and single-family segments. Multifamily investors will have plenty of product to choose from, as bidding for in-demand properties in battleground markets will lead to huge additions to unit counts. Value-add acquisitions will be a primary driver for investments, More
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MHC Demand sees a Spike
Manufactured housing is expected to see a strong uptick in 2022, with investors looking to heavily invest in the market. Buoyed by the increased demand from prospective home buyers who are either priced out of increasingly rising homes or simply a lack of available product amidst fervent demand and intense investor buying, a rise in More
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Acquisition of the Week of Sept 27th: Porta East Mesa in Mesa, AZ
This multifamily acquisition from SB Real Estate Partners located in Mesa, Arizona, just east of Phoenix, represents a continued strong demand for property in this western Sunbelt region. SB Real Estate notes that the appeal of this purchase was a combination of the significant value-add opportunity from the property through interior unit renovation, along with More
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Mixed-Use Town Center Trends
When it comes to recent mixed-use multifamily development/retail projects, the main objective appears to be creating a “town center” feel. This seems to be a direct reaction to the isolation so many felt during the height of COVID-19 lockdowns, resulting in a renewed yearning for connectedness. Today’s mixed-use, live-work play developments are cognizant of the More
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Development and Acquisitions on the Rise
Watch for development to kick up despite growing construction costs, along with continued strong acquisition trends. Markets outside of the Sunbelt are seeing upticks in occupancy and overall demand as the rental rates in markets such as Texas and Florida continue to grow, leading to subtle migration trends. Though a growing demand for real estate More
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Acquisition of the Week of Sept 13th: J Harbor Park in Reston, VA
Jefferson Apartment Group (JAG) initially pursued this 190- unit property but was unfortunately not selected when it came to the final round of the bidding process. However, a month later the company was informed that the property made it back to the market, and during the second round of bidding, JAG managed to secure the More
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Development Shifts Outside the Sunbelt
Watch for development to expand geographically across the United States. There will be a continued push for affordable and mixed-use housing in different markets leading to construction pipelines growing outside of current in-demand markets like the Sunbelt. As such, there will be a rise in construction loans. Pacific Western Bank has put forward a $30M More
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Acquisitions Surge Amid Stiff Competition
The flood of acquisitions hitting the market continues, with aggressive purchases from top companies as investors and buyers stay poised to strengthen portfolios amidst a buying frenzy, setting the stage for heavy competition in 2022. TruAmerica Multifamily bolsters its Sunbelt portfolio with a recent purchase in Texas. American Landmark Apartments continues its string of purchases More