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We asked: What do you think will be the hottest multifamily markets in 2021, and which Multifamily markets will you target and/or shy away from, and why? Elie Reader, CEO — Castle Lanterra Properties CLP is continuing an overall strategy of acquiring and repositioning multifamily properties in strong suburban markets, while maintaining a conservative approach More

Much like the rise in Class B and C housing acquisitions, expect affordable housing development deals to heat up in 2021, as developers will be spurred on by demand within the segment. Look for developers to eye growth in several markets, particularly the Southeast, as rising migration from expensive city centers and increased work-from-home opportunities More

Look for value-add acquisitions to dominate transactions in 2021, as companies hope to respond to the increased desire from residents for cheaper housing in booming markets. Expect continued pushes toward the Southeast regions, as residents leaving expensive cities such as San Francisco and New York will bank on cheaper rent in more affordable locations, buoyed More

We asked: What are your predictions for multifamily development in general for 2021, and what are your specific 2021 multifamily development plans? W. Dean Henry, CEO — Legacy Partners As we have now entered 2021, it is too early to confidently predict the mid- to long-term status of development as globally we are still experiencing More

The seller received 48 different offers with 360+ confidentiality agreements signed for the value-add property. This is due in part to the location within north Austin’s tech corridor, dubbed “Silicon Hills,” which has become a major hub for high-tech employment. The biggest challenge with this transaction was that the property ownership would not allow in-person More

Watch for amenities to evolve as managers adapt to the continued realities of COVID-19, with value-add plans focused on outdoor amenities and social distancing initiatives likely to continue for the foreseeable future. Future-proofing against potential pandemics will be a key component of amenities development. Managers will be keen to entice new and existing residents for More

This was an off-market transaction and FCP assumed an existing $16.5M 10-year Fannie Mae loan that will mature in 2028. The 37-acre garden-style apartment property, comprised of five three-story buildings, was renovated by the seller, with little deferred maintenance. FCP will provide additional minor upgrades to the property’s exteriors and common area amenities, which include More

We asked: What are your predictions for the acquisition market in 2021, and how have your requirements for new acquisitions changed this year? Jason Morgan, Principal — Morgan Properties Multifamily has continued to perform well demonstrating its recession resiliency. With limited deal flow and low-interest rates, we expect cap rates to compress significantly in 2021. More