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    Multifamily Shifts Focus for the Rest of 2020

    The beginning of the COVID-19 pandemic brought a lot of uncertainty to the industry as tenants saw a surge in unemployment and struggled to pay rent leading to a chain reaction with owners and developers resetting their 2020 goals. The economy saw a small boost with the multiple coronavirus stimulus packages passed and many tenants More

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    Board of Advisors in the week of July 13th

    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

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    Senior Housing Stumbles with Pandemic Lockdown

    The senior housing lockdown that’s limiting tours and visitors to protect residents will continue to disrupt both the flow of capital that was previously chasing the Silver Tsunami expected to hit around 2026 and the uptick in occupancy that stated with the absorption of oversupply in multiple markets. CORE Real Estate Capital saw an immediate More

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    COVID-19 Curbing Acquisitions

    Acquisition volume continues to slow to a trickle as would-be multifamily buyers and the rest of the industry struggles to understand where property values should be and where they’re going. Buyers are still hungry for deals but sit idle waiting for opportunities to present themselves. Brokers are still getting calls daily from those looking for More

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    NRP Group Targets 24 Starts in 2020

    NRP Group expects 2020 to be explosive for new starts. It already has 20 projects closing in 2020 with another handful pending committee review that are anticipated to boost expectations to 24 or 25 developments. Of the 20 confirmed projects, eight are market rate, three are workforce housing and nine are affordable, for a combined More

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    Developers Shift Gears Amid Higher Costs

    Count on more developers to scour the suburbs for deals, play with unit sizes and even look at single-family rental (SFR) models. These tweaks to their strategies stem from a battle against costs as developers attempt to keep their construction pipelines flowing. Merchant builders especially need to keep pipelines full, even if deals aren’t the More

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    Board of Advisors in the week of Oct 28th

    We asked: What will your focus for multifamily development be going forward? Steven DeFrancis, CEO – Cortland Cortland’s approach to development in the U.S. will focus on expanding our volume and leveraging our vertically integrated business model in suburban Sunbelt markets, where we already have a concentration of multifamily assets and operating capacity. By expanding More

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    Student Housing Finds New Normal

    Expect cap rates for student housing to see some widening. Sellers are still trading at low cap rates after the last two years had a tidal wave of capital flood the space, driving prices up. The student housing industry, as a whole, should continue to benefit from strong investor interest and attractive investment trends such More

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    Pinnacle Expands Portfolio

    Pinnacle has been exceptionally busy with its clients this year. All the capital flowing into the sector has brought a lot of new business via new properties and first-time clients. The company experienced the most growth in the Mid-Atlantic and Northeast by adding 5,000 units to its management portfolio located in Washington, D.C., New Jersey, More

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    Agencies back in the Game

    Both Freddie Mac and Fannie Mae’s lending cap has grown to $100B until the end of 2020. This has given the multifamily industry a second wind. The FHFA closed green loan loopholes, but the greater focus on affordability will be a boon for value-add buyers. Spreads have started to drop because each agency has to More

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    JRK Ready to Pounce on Deals

    JRK Property Holdings stays disciplined with plans to acquire $600M of properties in need of renovations by the end of 2019. The company closed a fund in June and raised $800M to target core-plus ’90s or newer product in the top 25 markets. The firm is also deploying a value-add fund in the same markets More

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