Demand for housing within the Southeast region will continue to stay strong, particularly among buyers looking at the value-add segment. Expect owners to bolster unit counts throughout 2022, with hold periods that will likely trend over at least a five-year period. Though Florida will continue to be an in-demand market, watch for investors to begin More
The multifamily market is at something of a crossroads. It’s a growing section of the overall real estate financing market, but just how is it going to grow in the future? What’s the current state of things, and how can buyers and lenders capitalize on the strengths of this particular market segment? It’s a question More
There is a lot of growth ahead in the multifamily housing industry. As such, a lot of new players will be entering the business in the next few years. At the moment, supply is chasing demand; there’s not enough housing being built in general, and there’s certainly not enough rental single-family housing in the market. That seems More
JVM Realty Corporation added Steve Boyack to its team as COO. Boyack will serve the company’s multifamily communities throughout the Midwest. He will also oversee the company’s corporate operation functions, which includes technology, sales, marketing, asset management and office management, as well as the performance of the company’s property management platform. Before joining the JVM More
Retail borrowers are going to see more available capital throughout 2022 as most lenders have returned to the sector. Lenders will also open to retail centers that do not have a grocery anchor, although they will still prefer assets with strong cash flows and long-term leases. Spreads will tighten slightly along with modest increases in More
Senior housing acquisitions and development are expected to see a sharp increase in activity this year — a trend which should heavily continue over the next few years. As the baby-boomer tenant base ages, the demand for senior housing is only going to grow. While Florida will continue to be a powerhouse in terms of More
Borrowers will see more available capital for retail after a couple of years of being scarce. Lenders have been aggressive on multifamily and industrial assets but are now starting to balance out their portfolios to achieve higher yields. Look for banks, life companies and CMBS lenders to fund more retail deals this year. Debt funds More
Madison Realty CapitalVolume: $1BOriginated $800M in 2021, originated $200M so far this year; $20M-$700M loans for all classes and condos including boutique buildings; up to 80% LTC, 75% LTV; rates as low as 4.5% for inventory loans, 6.75% for construction; non-recourse; 12- to 36-month terms; all major markets CIM GroupVolume: $400M$75M-$300M condo construction and inventory More
CMBS originations will pick up considerably this year, as the market is wide open and conduits ramp up production. Pricing had shifted and spreads are not as tight as they once were, especially with the expectation that the Fed will raise rates. Expect CMBS lenders to focus on strong debt yields and longer lease terms More
Borrowers will see plenty of bridge options this year. Bridge loans will be great fit for value-add transactions, vacant properties and those that need time for repositioning and lease-up. New lenders are entering the bridge space, which will lead to more favorable terms. Bridge lenders will also start to shift toward riskier properties such as More
You can find expanded details about these companies and others by subscribing to the Multifamily Report and to the Crittenden Multifamily Online Directory. The Multifamily Report extensively covers all aspects of the multifamily industry. You’ll get coverage and updates on the busiest developers, buyers, management firms, equity partners and more. Grover Corlew Properties Managed/Owned: 71499 More
Cost strains on development should continue throughout 2022 and well into 2023, though despite this, expect the multifamily segment to remain a strong asset class. Demand for workforce housing will continue to grow, and as such, expect developers operating within that segment to be heavily active in order to provide adequate supply. Count on More
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