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Growth in the multifamily sector is expected to vary heavily in 2021, with competition largely coming down to regional slugfests as powerhouse regions such as the Southeast and southern Central portions of the United States — with states such as Florida, Georgia, the Carolinas and Texas — are expected to experience heavy booms in new More

There will be plenty of available debt and equity for multifamily this year with all capital providers striving to compete.  Lenders consider multifamily a safe asset class and see increased demand because of the predicted housing shortage.  Banks will be a great source of capital, but for long-term money, life companies and agencies will win More

Lenders are re-entering the retail market driven by grocery-anchored centers with long-term leases.  Ample competition in the multifamily and industrial space will lead more lenders to retail in their search for yield this year.  Expect lenders to look closely at tenant profile, sales, customer base and market demographics.  Lenders will be cautious with non-essential retail More

There is a national trend within the retail industry to reach out to minorities in a disadvantaged position due to a renewed focus on race relations stemming from recent social unrest. Citi Trends, Everytable and Community Commons — the Mall of America’s space dedicated to minority-owned brands adversely affected by Minneapolis’ pandemic and riots — More

Hamburger restaurant brands still remain a safe tenancy bet as consumers are attracted to the feel-good comfort food pleasures that burgers provide. The burger restaurant industry is expected to grow by almost 16% this year alone. The industry has expanded to include higher-end brands that produce gourmet offerings, which appeal to the upper middle-class base. More

Elie Reader, CEO — Castle Lanterra Properties CLP is continuing an overall strategy of acquiring and repositioning multifamily properties in strong suburban markets, while maintaining a conservative approach to operations through 2022 due to continued pressure on markets from COVID-19. We expect the nationaleviction moratorium will cease sometime during 2021, leading to a wave of More

Much like the rise in Class B and C housing acquisitions, expect affordable housing development deals to heat up in 2021, as developers will be spurred on by demand within the segment. Look for developers to eye growth in several markets, particularly the Southeast, as rising migration from expensive city centers and increased work-from-home opportunities More

Look for value-add acquisitions to dominate transactions in 2021, as companies hope to respond to the increased desire from residents for cheaper housing in booming markets. Expect continued pushes toward the Southeast regions, as residents leaving expensive cities such as San Francisco and New York will bank on cheaper rent in more affordable locations, buoyed More

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