When it comes to recent mixed-use multifamily development/retail projects, the main objective appears to be creating a “town center” feel. This seems to be a direct reaction to the isolation so many felt during the height of COVID-19 lockdowns, resulting in a renewed yearning for connectedness. Today’s mixed-use, live-work play developments are cognizant of the More
Watch for development to kick up despite growing construction costs, along with continued strong acquisition trends. Markets outside of the Sunbelt are seeing upticks in occupancy and overall demand as the rental rates in markets such as Texas and Florida continue to grow, leading to subtle migration trends. Though a growing demand for real estate More
There will be a plethora of joint venture and preferred equity investment dollars available in the market throughout the rest of the year and into 2022. These equity pieces will help fill the gap left in the capital stack as many borrowers cannot get high leverage from traditional lenders. Equity providers will all be chasing More
As acquisitions within the Sunbelt have stayed hot for most of 2021, investors are beginning to explore other regions of the United States due to an overload of supply and demand, particularly in the South Eastern regions. Though there will still be plenty of action, investors will begin exploring other areas in search of profitability. More
Jefferson Apartment Group (JAG) initially pursued this 190- unit property but was unfortunately not selected when it came to the final round of the bidding process. However, a month later the company was informed that the property made it back to the market, and during the second round of bidding, JAG managed to secure the More
Watch for development to expand geographically across the United States. There will be a continued push for affordable and mixed-use housing in different markets leading to construction pipelines growing outside of current in-demand markets like the Sunbelt. As such, there will be a rise in construction loans. Pacific Western Bank has put forward a $30M More
The flood of acquisitions hitting the market continues, with aggressive purchases from top companies as investors and buyers stay poised to strengthen portfolios amidst a buying frenzy, setting the stage for heavy competition in 2022. TruAmerica Multifamily bolsters its Sunbelt portfolio with a recent purchase in Texas. American Landmark Apartments continues its string of purchases More
Bank financing was extremely tough to obtain during 2020 with most bank lenders shifting focus to PPP loans and putting all their energy in working with top-tier existing clients. Today all bank players from the major money-center banks to the local guys are back in the game and ready to compete as they strive to More
Hotels have been hard-hit during the pandemic, especially older properties in major urban city-centers. Borrowers and lenders alike are becoming more open to converting these hotels into affordable multifamily buildings. This not only provides a new use for the seemingly obsolete space, but now offers multifamily housing at pricing that many tenants can afford, especially More
A mezzanine loan exists between senior debt and common equity and acts as a subordinated debt piece. Mezz loans are a great option for borrowers that need to fill the capital stack and push leverage higher, especially for riskier properties such as retail and hotels. Borrowers will see plenty of available mezz capital in the More
Student housing acquisitions and developments continue to flourish as companies look to grow their portfolios within this space. Despite resurgences in COVID-19 due to the Delta variant, occupancy rates are on the rise as universities begin reopening. This increase is leading to bullish investors within the segment, alongside robust development pipelines. Expect strong lending trends More
As COVID-19 experiences a resurgence in the United States, the multifamily market continues to maintain strong acquisition pipelines, keeping up pace with pre-pandemic numbers. Purchases in the Sunbelt and Southeast regions maintain their upward trajectory, with companies starting to move northward in the state of Florida, shifting slightly away from the congested Miami market and More
Miami, Florida
November 7-8, 2023
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