There will be plenty of capital available for new construction projects this year. Lenders will especially target residential construction deals as demand for housing soars in many markets. Borrowers and developers will see higher loan-to-cost (LTC) and slightly lower rates as lenders aim to compete for the best deals. Look for a push throughout the More
Multifamily development in 2022 will maintain the pacing of 2021 surges, though costs are only expected to increase as available space, alongside the rising costs of construction projects, continues to present an ever-growing hurdle for developers and investors. Expect a slow trickle away from the Southeast region to continue as developers look to target a More
Expect portfolio deals to be a big trend this year. Acquisitions show no signs of stopping and investors are going to be keen to make larger deals and build strong unit counts as quickly as possible by buying up property before competitors have a chance to swoop in. David Kaufman, president and chief investment officer More
Capital will be rushing toward the single-family rental (SFR) and build-for-rent (BFR) space this year. A plethora of new lenders will enter the game, especially as more of these projects are completed and leased up. These property types are considered “horizontal multifamily” by the industry and multifamily will remain a preferred asset class for virtually More
Bank lenders of all sizes from the major banks to the smaller local players will strive to compete this year and all plan to provide more commercial real estate loans than 2021. Borrowers will see more competitive terms and overall more available bank capital. Banks will also start to look at property types other than More
Last year proved to be a strong year for the acquisitions segment, and this year looks like that trend will continue, with multifamily companies hoping to expand outside of the current powerhouse Southeast markets like Florida and Texas in an effort to secure hidden gems among a crowded speculator set. MIG Real Estate expects this More
Property: Park 67 Apartments, a 160-unit property in Glendale, Ariz. Buyer: Tower 16 Capital Partners Seller: Vertex Investments Price: $30.4M/$251 per s.f. Projected IRRs: Mid-20% range As Arizona continues to be a growing hotspot for acquisition activity, expect competition for buyers to ramp up throughout 2022. In some cases, buyers scrambled to get closings done More
Though acquisitions are dominating much of the multifamily market, strong development pipelines will continue this year in anticipation of continued fervent demand. Despite rising construction costs, investors and developers remain bullish on the long-term potential of the multifamily segment. And though space for planned construction will continue to be at a premium, expect healthy pipelines More
Student housing maintains strong demand, along with increased investor interest and a healthy development pipeline. This will vary heavily by region, but in general, the sector has a lot of potential for growth, particularly with an increase in student housing/mixed-use combined properties. A JV between Pearlmark, Timberline Real Estate Ventures and Tramview Capital Management closed More
With so many unknowns in the market, such as COVID-19 surges, the continuation of work-from-home policies, the return of business travel, supply chain issues, possible inflation and the discontinuation of Libor, 2022 should be a very interesting year. Here are the top five things we think you should watch in commercial real estate in 2022. More
Although this was a fairly straightforward condo loan with strong pre-sales and a repeat borrower, Trez Capital had to juggle and structure a high-leverage loan in a secure manner and successfully created a solution that worked for both Trez and the borrower/developer, Treasure Island Investment Holding LP. The project was almost 50% pre-sold, which significantly More
Hotel lending should return to more normal levels in 2022. Many debt providers that were sitting on the sidelines will re-enter the hotel lending space including banks, life companies and CMBS players, although debt fund, private money and bridge lenders will continue to provide the most capital. Hotels that cater to leisure/vacation guests will be More
Miami, Florida
November 7-8, 2023
Crittenden Report 12-Month subscribers attend for free!
