Apartment deals offering risk premiums again
In 2021 and 2022 it didn’t matter what vintage you bought as there was no cap rate premium.
As the first quarter of 2024 was wrapping up, TruAmerica Multifamily closed its first acquisition of the...
Increasing numbers of Gen Z have no income
An increasing number of young adults ages 18-24 are not working and have no income, according to a recent study. The research by the St. Louis Federal Reserve’s Institute for Economic Equity, which this...
“Desire paths” and the problem with central planning
I recently attended the Austrian Economics Research Conference, which is held annually at the Mises Institute on the campus of Auburn University.
After an inspiring day of presentations, I began my trek back to the...
Multifamily property prices continue slide
CoStar reported that its value-weighted index of multifamily property prices fell 1.0 percent month-over-month in March, the seventh decline in a row. This index was down 11.0 percent year-over-year.
The value-weighted index of non-multifamily commercial...
BWE Secures Over $31M for Multifamily Affordable Housing Across the Country
BWE, a national commercial and multifamily mortgage banking company, announced the closing of three financings totaling over $31 million to finance three multifamily affordable housing properties near Cincinnati, Atlanta, and Chicago.
"By leveraging our comprehensive...
Class A apartments in high-supply markets outpace Class B on year-over-year rent growth
Although it might defy conventional wisdom, Class A apartments in high-supply markets are outperforming upper tier Class B assets on year-over-year rent growth, according to RealPage Analytics. New apartment supply is at...
Studying commercial to residential conversions
The Multifamily Economic and Market Commentary for April from Fannie Mae focused on the conversion of commercial property to residential uses. It looked at different approaches and discussed the factors that may dictate the...
KKR to Acquire $1.64 Billion Student Housing Portfolio from BREIT
KKR and Blackstone Real Estate Income Trust said that KKR-managed funds would acquire a portfolio of 19 purpose-built student housing properties from BREIT for approximately $1.64 billion.
The over 10,000-bed portfolio is comprised of 19...
Fannie Mae sees lower multifamily starts as inflation persists
Fannie Mae’s April economic forecast calls for multifamily housing starts to decline modestly through the end of 2025. Single-family housing starts are expected to rise but at a lower rate than predicted last month.
Fannie...
MSCI: Multifamily property prices continue to fall
The latest commercial property price report from MSCI Real Capital Analytics said that multifamily property prices in March fell 0.9 percent from their level of the month before. This is down slightly from last...
NeighborWorks Capital and National Equity Fund Announce LIHTC Equity Fund to Empower Partner Organizations
NeighborWorks Capital, a national non-profit Community Development Financial Institution (CDFI), has partnered with National Equity Fund (NEF), a leading non-profit multifamily, affordable, real estate investment manager, to launch the NeighborWorks Capital Equity Fund.
"The idea...
March is a down month for multifamily housing construction
The Census Bureau’s new residential construction report for March showed multifamily permits were flat for the month, and that was the relative bright spot. Both multifamily unit starts and completions were sharply lower.
The report...
Builder sentiment unchanged in April
Builder sentiment was flat in April as mortgage rates remained close to 7% over the past month and the latest inflation data failed to show improvement during the first quarter of 2024.
Builder confidence in...
Construction materials prices reported lower in March
The producer price index (PPI) report from the Bureau of Labor Statistics (BLS) stated that construction materials prices were down 0.1 percent month-over-month in March on a seasonally adjusted basis. The index of components...
Starwood Impact Investors Closes Investment in Obsidian Capital Partners
Starwood Impact Investors, a return-driven investment platform managed by Starwood Capital Group that is dedicated to investing in commercial real estate opportunities controlled by underrepresented partners, announced it has completed its inaugural investment in...
