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We asked: What are your predictions for value-add multifamily acquisitions this year, and what are your value-add plans? Joe Lubeck, CEO — American Landmark In today’s multifamily market, a team with deep knowledge and experience is going to be necessary to be successful in the value-add space. There’s a great amount of capital chasing deals More

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

Hurdles encountered during the sale included the fact that the asset had high expenses, a low cap rate and an existing Land Use Restrictive Agreement (LURA) that restricted rents in 40% of the units. The deal was especially unique because the asset is a 40% low-income housing tax credit (LIHTC) property with two years remaining 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

Watch for senior housing acquisitions and development to slowly build back up in 2021, as the stagnation that occurred as a result of the pandemic last year is expected to ease up. Pent-up demand is expected to hit the market in the third and fourth quarters of this year. Value-add acquisitions on newer buildings will More

Banks, debt fund and bridge lenders will be the best bet for student housing loans during the first half of the year. Look for more equity required on acquisitions, higher DSC requirements and more attention to specific university, submarket and location. Expect the agencies to continue a cautious approach in 2021. Until demand in the More

The COVID-19 crisis created a variety of operational and logistical challenges for MGPG while closing this transaction, but the company worked closely with the seller to design a due diligence process that enabled safe access to the property with minimal disruption for the residents. The buyer plans to invest in further improving common area amenities More

We asked these industry executives about their predictions for 2021 and the biggest changes to the market due to COVID-19. Elie Rieder, Founder/CEO — Castle Lanterra Properties Q: What are your general predictions for the multifamily market in 2021? A: We expect the national eviction moratorium will cease sometime during 2021, leading to a wave More

We asked these industry executives about their predictions for 2021 and the biggest changes to the market due to COVID-19. Joe Lubeck, CEO — American Landmark Q: What are your general predictions for the multifamily market in 2021? A: Suburban apartments will continue to gain popularity across the country as coastal cities, and even core More

Because this transaction was an off-market sale of a property that was not — nor had ever been — on the market, the major challenge was proposing the sale and getting the original developer who built the apartment property, back in 1962, to agree to the sale. When the buyer reached out to the firm More

Amenities development in new projects will shift dramatically as a result of the COVID-19 pandemic, with multifamily developers hoping to protect upcoming ground-up projects from the current — and any future potential — pandemics. Allen Morris expects amenities to evolve as a result of changing demands from incoming tenants. Global City Development will watch amenities More

Condominium borrowers will see available capital from banks, debt funds, bridge and private money lenders. Watch for condo lending to be more location and borrower specific than in the past. Lenders will be extremely conservative and require additional borrower equity. Borrowers will see 5% to 10% lower leverage and an increased focus on pre-sales. Lenders More