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The impact of COVID-19 made this acquisition difficult from the standpoint of sourcing both the debt and equity. The debt markets were uncertain, and many equity partners were sitting on the sidelines waiting out the storm. BPH was able to overcome these hurdles by tirelessly working every angle they could to find the right fit More

Count on single-family rental (SFR) lending to increase significantly going forward, as there is a lot of debt and institutional capital that wants to participate. The space is in its infancy compared to other property types, but many lenders are now striving to compete. Watch for traditional bank and non-bank multifamily lenders to crossover into More

Property: Elizabeth Arms, a 10-unit property in Kissimmee, Fla. Buyer: The Law Group Holdings LLC Seller: Fabiani Group LLC Price: $1.1M, $138.89/s.f. Targeted Rental Rates: $1,100 This value-add acquisition was able to close on time despite the pandemic because of the long-term value of the asset and growth in the submarket. The fact that the More

All aspects of the multifamily industry are navigating an uncertain future, though none needs to rebound as quickly and efficiently as the senior housing market. With both a need to keep an extremely vulnerable demographic safe from the COVID-19 pandemic and give families of the residents peace of mind knowing that their loved ones are More

There are many people, from millennials to senior citizens, unwilling to sacrifice the ease and convenience offered by mixed-use living, even with the unpredictability of both coronavirus and social unrest affecting urban livability. As many multifamily residents telecommute from home, they will still need to escape their confines throughout the day for food, services, essentials More

The deal was in the process of receiving offers when the national state of emergency was declared due to COVID-19. Many buyers initially retreated, but as weeks went by, there appeared to be no lack of interest in the asset and the Raleigh market in general. The biggest obstacle was navigating the unknown impact to More

We asked these industry executives how their companies plan to improve their current amenities. Brad Taylor, CEO/Managing Partner — JPI In the age of COVID-19, sanitation, health and safety are top-of-mind. All JPI properties offer large communal spaces that allow residents to maintain proper social distancing while still enjoying our best-in-class amenities. Additionally, JPI has More

Look for a surge in multifamily construction lending throughout the third and fourth quarter. Multifamily projects in the best locations with strong sponsors will see available capital, although with more conservative occupancy and rent growth underwriting. Projects are taking longer to get through the entitlement and planning process and there are concerns about the availability More

The biggest challenge to overcome during this transaction was the COVID-19 pandemic. The property went under contract on February 29, and all of the deal’s most important milestones (due diligence, loan application, etc.) fell within the period of the first impact of the virus and the ensuing stay-at-home orders. Ultimately, it was the persistent cooperation More

We asked: What are you  doing to bring new renters in? Have you seen success in virtual tours and other new social distancing practices? Stephen DeFrancis, CEO — Cortland Like many in our industry, as stay-in-place orders took effect in March, we quickly ramped up our virtual and online tour capabilities. Within days, we had More

Multifamily continues to be the top choice for lenders as property performance has been stronger than expected. There has also not been much turnover since residents are staying put and many are working from home. So far April, May and June collections seem promising. All eyes will be on August, September and October rents, as More