Institutional Property Advisors brokers two-property $275 million multifamily portfolio sale along the Southern California...
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of two adjacent multifamily assets located two blocks from the beach in Hermosa Beach, California. The assets are 285-unit Playa Pacifica...
Standard Communities and Faring form joint venture to create $2 billion of middle-income housing...
Standard Communities, one of the nation’s preeminent affordable and workforce housing investors, and Faring, among California’s most prolific developers, have formed a joint venture to create over $2 billion of “missing-middle” housing throughout California...
ABI Multifamily brokers 120-unit multifamily-hotel conversion opportunity for $13.2 million
ABI Multifamily, the leading multifamily brokerage and advisory services firm in the Western US, is pleased to announce the $13,200,000 / $110,000 Per Unit / $232.66 Per SF sale of 1410 South Country Club...
Senior living community trades for $18 million in Savannah
JLL Capital Markets announced that it has closed the $18 million sale of Summer Breeze, a 79-unit independent living, assisted living and memory care community on Wilmington Island in Savannah, Georgia.
JLL represented the seller,...
Kiser Group advises on $5 million sale of a 40-unit multifamily property in Chicago’s...
Kiser Group, Chicagoland’s leading multifamily brokerage firm, announced its closing on a 40-unit multifamily property in Chicago’s Andersonville neighborhood today. 5301 N. Ashland Ave. went under contract in four days at its full asking...
Rent payment delinquencies down slightly in July surveys
The week 34 release of the Census Bureau’s Pulse Survey shows that the portion of renters who are behind on their rent payments is down slightly over the last month. In addition, the NMHC...
Westmount Realty Capital’s national investment portfolio thrives with acquisition of 14th multifamily property in...
Westmount Realty Capital announced the acquisition of West End on Eldridge, a Class A, Mediterranean-style apartment community located at 2255 Eldridge Parkway in the popular Energy Corridor in west Houston. The 192-unit multifamily community...
Infographic: The United States of apartment owners
50 largest multifamily housing owners by location
Shifting public opinion
58% Americans are pro real estate development compared to 49% y/y
40% support higher density apartments or taller buildings
46% say affordable housing is beneficial, up y/y from...
Infographic: The hidden tax on residents
When the government prints money to cover its spending, the dollar is devalued and taxpayers pay.
The $1,000 bill was a gold certificate in 1918. It moved off the gold standard in 1928 to a...
Infographic: Man-made chaos
State-mandated lockdowns began a cascade that especially devastated lower income people and continues to adversely impact the business of property management.
Government interference
with the ability to collect rent has left many investors unable to maintain...
Infographic: Help wanted
Unprecedented! 10.1 million openings
Jobs
22 million jobs lost from lockdowns; almost three quarters of these have been replaced
13 million Americans still receive some form of government unemployment as well as many other government incentives (free...
Residents crave (internet) connection
Apartment renters are increasingly picky about the internet in their homes. A growing number won’t live where they can’t get good service.
Until recently, property managers didn’t have to worry about the internet service at...
Census takers worry apartments were undercounted
Census taker Linda Rothfield’s government-issued iPhone kept directing her back to apartments in San Francisco that she already knew were vacant. When she did find apartments that were occupied, she was sometimes turned away...
Institutional Property Advisors closes 276-unit multifamily sale in Salt Lake City suburbs
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Falls at Hunters Pointe, a 276-unit multifamily property in Sandy, Utah.
“Built in 1994, Falls at Hunters Pointe benefits from the...
Multifamily mortgage originations rebound in Q2
A report from the Mortgage Bankers’ Association (MBA) says that originations of multifamily mortgages were up when compared to quarter-earlier and to year-earlier levels.
Multifamily mortgage lending recovers
The first chart, below, shows the quarterly origination...
