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Capital will be available for land but expect lenders to revert back to conservative traditional underwriting because of perceived risk in the space.  Active non-bank lenders are expecting a busy year — as banks have pulled back — yet there is a lot of development getting approved, especially in the residential market.  The stronger the More

Hoteliers are starting to see construction lending open up once again, although with more conservative terms.  Many lenders seem encouraged by vaccine distribution and foresee a strong rebound of travel during the second half of the year.  The limited amount of recent construction lending and some supply being removed from the system over the last More

During the lockdowns, golf has seen a surge in popularity as an outdoor-themed exercise and natural social distancing activity. Consequently, there are now golf-oriented retail tenants performing especially well and expanding. There are also miniature golf-themed brands that are trending and expanding their footprints, adding a touch of upscale elegance and nighttime bar/dining ambiance to More

Entertainment-themed tenants are hopeful the vaccine rollout will get more Americans into their establishments in the coming months, and there are signs that these brands are becoming bullish about opening up new units throughout the country. Americans in general are increasingly showing signs of COVID-19 lockdown fatigue. Entertainment based solely in the home, whether via More

The manufactured housing community (MHC) sector will be strong this year with ample capital chasing deals with competitive terms. Lenders will be drawn to the logical, predictable and durable cash flows, along with the fact that this property type naturally lends itself to social distancing versus large high-rise apartments. MHC also offers an affordable alternative More

W. Dean Henry, CEO — Legacy Partners As we have now entered 2021, it is too early to confidently predict the mid- to long-term status of development as globally we are still experiencing the rise and fall of statistics and variants of the COVID-19. Many questions will remain unanswered in the short term: Are we More

Watch for amenities to evolve as managers adapt to the continued realities of COVID-19, with value-add plans focused on outdoor amenities and social distancing initiatives likely to continue for the foreseeable future. Future-proofing against potential pandemics will be a key component of amenities development. Managers will be keen to entice new and existing residents for More