There is plenty of equity money out there, although JV and pref equity investors will be pickier than in the past. JV equity capital is still available in the current environment but is increasingly selective, while pref equity should continue at the same pace seen the past few months. Count on a flight-to-quality in a More
Financial times are tough these days. Inflation has been high, and the overall real estate market forecast has been murky at best. Knowing the right places to turn for knowledge — and having people with your best interest in mind — is key to a successful venture. Finding those people and places, however, is easier More
With more and more companies seeking to transition workers from total telecommute back to the office, a trend known as “flight to quality” appears to be underway. CBRE analyzed office rents across 12 major U.S. markets, including Atlanta, Boston, Chicago, Dallas/Fort Worth, Denver, Houston, Los Angeles, Manhattan, Philadelphia, San Francisco, Seattle and Washington, D.C. The More
LEM CapitalVolume: $175MInvested $57.8M so far this year; $15M-$30M JV equity where LEM represents 50%-85%; value-add Class B multifamily deals; 16%-18% investment level IRRs, 1.8x-2.0x investment level equity multiples; infill suburban locations in high-growth markets; MSAs with one million+ people Parse CapitalVolume: $150MInvested $60M so far this year; $10M+ pref equity and $20M+ JV equity More
While Q1 is typically a slower period for transactions, the market maintained a healthy pulse following what David Bitner, head of Americas capital markets research at Cushman & Wakefield, described as “the best Q4 ever.” Overall, experts believe sales will remain steady following Q1 for the remainder of 2022, keeping in line with or above More
See online directory for complete contact information. KKR30 Hudson YardsNew York City, NY 10001Billy Butcher, COO, Global Real EstateRobert Lewin, Partner/CFOScott Nuttall, Co-CEO Madison Marquette1000 Maine Ave. S.W.Washington, DC 20024Steve Toppel, EVP NBIM505 Fifth Ave., 20th FloorNew York, NY 10017Joseph Berbari, Fixed Income Head New Boston Fund75 State St., Suite 1410Boston, MA 02109Timothy Medlock, President/COO More
Institutional Property Advisors, a division of Marcus & Millichap, recently brokered the sale of The Wyatt, a 216-unit luxury multifamily asset in Gilbert, Ariz. The $91 million sales price represents $421,296 per unit. “One of the nation’s most prosperous large cities, Gilbert is a top suburban submarket target for multifamily investment in Greater Phoenix,” said Steve More
The past year has seen a boom in consumer spending and a resurgence of mixed-use properties. Demand for mixed-use lending will increase as property owners continue to diversify their properties. The rise in rates is causing a flight to quality. Anticipate mixed-use property lending to remain strong, as long as the multifamily market continues to More
The hotel industry has returned to more normal levels, as pandemic restrictions continue to loosen and both leisure and business travel resumes. Rising rates could actually spur hotel lending since these properties have already been trading at higher cap rates than other assets such as multifamily and industrial. This put hotels in a better positioned More
(2022 projected origination volume and preferences) Madison Realty CapitalVolume: $2.5BOriginated $1.5B so far this year; $30M-$600M+ loans for multifamily, condos, hotels, industrial, retail, office, build-for-rent SFRs, build-for-sale SFRs; up to 80% LTC; rates from 6%-10% depending on LTC; non-recourse; up to 36-month terms plus extension options; all major markets Associated BankVolume: $2BOriginated $900M so far More
Despite seeing a slight downturn in second quarter 2022, prime multifamily investment continues to increase, according to CBRE’s second quarter 2022 Prime Multifamily Underwriting Survey. According to the survey, multifamily investors have become more selective in their acquisitions amid ongoing market volatility, increased debt costs and global economic uncertainty. While bid/ask price gaps for multifamily More
Aries Capital80 S.W. Eighth St., Suite 2000Miami, FL 33131Brandon Perdeck, VP, Originations(954) 806-9378bperdeck@ariescapital.com Aries Capital closed a $17.5M construction loan for a new 1,361-unit, 100% climate-controlled self-storage facility in Santa Clarita, Calif. Aries Capital was able to bring in a bank with whom the firm has a long-standing relationship and effectively delivered the financing the More
Miami, Florida
November 7-8, 2023
Crittenden Report 12-Month subscribers attend for free!
