Multifamily faces a packed development pipeline
Apartment developers have not been shy about bringing new product to market in recent years. And early indications are that 2020 will be another boffo year. The question is after several big years of...
The power of bad
Every so often, you encounter academic research that snaps into place a whole bunch of tensions, issues, and problems that you’ve noticed but haven’t been able to understand. That happened to me when I...
Leverage quality leads during high occupancy
With apartment occupancy rates at the highest level in 20 years, averaging more than 96 percent across the country, prospective renters often struggle to find a readily available unit at their preferred property that...
Renters are richer, older, and have larger households
It’s a perfect storm for raising rental costs: low vacancy rates not seen in decades, an influx of high-income renters, constraints on building new apartments and homes, and the disappearance of low-cost rental units. A...
Workforce rentals CRE’s ‘darling’
As the U.S. economy continues its longest-ever expansion, the labor market is making history, as well, with the lowest unemployment rate in 50 years. That’s great news for investors looking for compelling return opportunities...
What do updated Opportunity Zone Fund rules mean for investors?
The journey to codify all of the rules around Opportunity Zones has been two years in the making but finally reached its conclusion with the release of a 544-page document from the IRS in...
What keeps MF investment pros up at night?
Berkadia surveys its mortgage banking and investment sales experts every year to see what issues are at the top of their minds. It also does an internal survey of prospective clients, which it doesn’t...
Unlocking the value of historic buildings
New modern, luxury urban apartment buildings sometimes can have a cookie-cutter feel (at least the ones that aren’t soaring to ever-greater heights). That’s why multifamily developers continue to tackle the costs and challenges of...
What markets are good bets for multifamily investments in 2020?
As high-net-worth (HNW) investors and family offices mull this year’s opportunities in commercial real estate, they might want to keep the multifamily mantra in mind. For several years, industry players have consistently preached about the...
Demographic shifts in the workforce will make winners and losers
By 2030, approximately 693 million baby boomers will have reached retirement age. Meanwhile, nearly twice as many members of Generation Z—1.3 billion—will join the workforce over that time. This dramatic shift will have huge...
What short-term rental lessons can be learned?
The last decade might well be defined as the sharing economy decade. And, leading the pack are short-term rentals. Houston-based Dunyha founder Tanvir Aman recently shared insights on new approaches for short-term rentals (STRs)...
Multifamily investment stumbles in NYC in 2019
Low vacancy rate. Burgeoning population. Expensive real estate. The Big Apple’s multifamily market has always been the champion compared to the rest of the country, but the recently passed rent regulations have the city...
Multifamily can help the affordability crisis
Freddie Mac’s mission is stability and liquidity for the housing market. As such, it is one of the biggest players in the country, keeping mortgage capital flowing by purchasing mortgage loans from lenders so...
Household formation to fuel multifamily in 2020
Apartment production has returned to pre-recession levels and vacancies are low, but more new apartment homes are needed, according to experts participating in a press conference during the National Association of Home Builders (NAHB)...
Rent control is illegal
New York City recently implemented its far-reaching Housing Stability and Tenant Protection Act of 2019. That law enacted extensive amendments, all plaintiff protective, to New York’s 1969 Rent Stabilization Law (RSL). The Act imposes...
