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...
Plywood leads broad rise in construction materials prices
The Bureau of Labor Statistics (BLS) released its producer price index report for July 2021. It showed that construction materials prices were up 0.6 percent in the month, seasonally adjusted. The index of materials...
Ginnie Mae extends submission deadline for issuer eligibility request for input
Ginnie Mae announced it will extend the comment period on its Request for Input (RFI) on Eligibility Requirements for Single-Family MBS Issuers by an additional 60 days. This extension recognizes the significance of and...
Next Wave acquires prime unrenovated 118-unit multifamily community in Pacific Northwest for $23.8 million
Next Wave Investors, LLC (Next Wave) a private equity firm focused on value-add multifamily investments, has acquired Ashley Terrace, a 1993-vintage, 118-unit unrenovated apartment community in the affluent Walnut Grove submarket of Vancouver, Washington...
Franklin Street achieves record pricing for South Atlanta multifamily asset
Franklin Street has arranged the sale of Central Park Apartments, a value-add, workforce housing community in Riverdale, Georgia, a fast-growing submarket just south of Atlanta. The 90-unit asset sold $8,640,000, achieving record pricing for...
Capital Square 1031 acquires another newly constructed, trophy multifamily community in Greater Richmond, Virginia
Capital Square 1031, a leading sponsor of Delaware statutory trust (DST) offerings for 1031 exchange and other accredited investors, announced the acquisition of Livingston Apartment Flats, a Class A, 307-unit multifamily community in the...
Institutional Property Advisors completes two-property Fort Worth multifamily sale
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Alta LeftBank, a two-property multifamily asset totaling 589 units in the West 7th Street District of Fort Worth, Texas. The...
$76.8 million loan arranged for S’PARK Phase I in Boulder
JLL Capital Markets announced that it has arranged a $76.8 million loan for S’PARK Phase I, a newly constructed, mixed-use, Class A, multihousing community with office and ground-floor retail space in the Boulder Junction...
