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
Every month, we reach out to multifamily industry leaders in order to gain their perspective on the market. This month, we looked forward to 2022 to get their thoughts on what markets and trends will be on the rise next year. Jim Butz – President/CEO of Jefferson Apartment Group Jefferson Apartment Group (JAG) is focused More
Property: The Russell Apartments, a 241-unit property in Las Vegas Buyer: SB Real Estate Partners Seller: Watt Companies Price: $67M/$278K per unit With competition for multifamily acquisitions within the Sunbelt currently at an all-time high, the bidding process to secure properties has become tougher than ever for buyers. SB Real Estate Partners sought out this More
The final acquisitions of 2021 point toward another big year for multifamily, with record-setting purchases as buyers scramble to buy up property at a breakneck pace. While markets such as Florida and Texas have maintained a stranglehold on the majority of investor interest throughout 2021, expect some slight shifts into growing cities and states as More
Multifamily development, alongside a growing amount of available investment fund dollars, will maintain strong positions of growth throughout 2022, mirroring much of 2021, with robust pipelines in battleground states. Expect several projects and ground breakings to occur in 2022 and beyond with completion expected during 2023 and 2024. There will be no shortage of lease-ups More
Lennar Multifamily Communities (LMC) Properties Managed/Owned: 74 500 E. Morehead St.Charlotte, NC 28202 Will Chapman, President, LMC InvestmentsKevin Harrell, Managing DirectorJR Plyler, Senior Managing DirectorSarah Young, Managing Director Lennar Multifamily Communities (LMC) Properties Managed/Owned: 74 7489 Malva Rosa WaySacramento, CA 95829 Ed Easley, President, Development Manulife Investment Management Properties Managed/Owned: 12 515 S. Figueroa St.Los More
Hotel lending completely dried up last year and lenders have remained cautious during most of 2021. Things are expected to greatly improve in 2022 with lenders returning to the hotel space providing more options for borrowers. As transaction activity starts to pick up, loans for acquisitions, development and recapitalizations will be more readily available. “Lending More
CMBS (Commercial Mortgage-Backed Securities) lending has been slow to recover after the pandemic and most lenders in the space remained cautious throughout 2021. However, these lenders expect to increase originations in 2022 and once again become a great option for borrowers wanting 10-year, non-recourse loans with favorable leverage and competitive rates. Traditionally, CMBS financing has More
This deal included a construction loan on a single-family home in Paradise Valley, Ariz., that was under contract to a third party before the home was fully completed. The investor had acquired an old residential home that he wanted to demolish and then split the land into two lots, sell one of the lots and More
The senior housing space was hit especially hard during the pandemic as facilities had to shut their doors to new residents and many families moved their loved ones out. The sector is now in recovery mode and lenders and investors are both returning to the space. “There is a large appetite for these deals, particularly More
Miami, Florida
November 7-8, 2023
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