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...
JLL Arranges Loan for the Hotel-to-Multifamily Conversion of Woodland Flats Apartment Community in Gresham
JLL Capital Markets announced that it has secured a $15.9 million financing for Woodland Flats, a 120-unit hotel-to-multifamily conversion project in Gresham, Oregon.
JLL worked on behalf of the borrower, PH Development LLC, in arranging...
L.A. homeless tower building cost rings bells
Gym, balconies, restaurant, soundproof music studio, business center, located in downtown Los Angeles, and it’s pet friendly.
Sounds like a pretty good hotel, four-stars at least.
Sounds like it, but it isn’t. It’s the new Weingart...
Rent control still the wrong solution to housing woes
Restricting the price of housing kills incentives to supply places to live.
Rent control is having something of a moment: In Los Angeles, tenants are invoking a law that imposes limits on apartments built on...
Multifamily fundamentals are strong in 2024, despite uncertainties
The 2024 apartment market forecasts are in and despite twists, turns and uncertainties, multifamily fundamentals are strong.
In December, the Apartment List Research Team released its Seven Predictions for the 2024 Rental...
Rents fall behind inflation
Tracking rents is important for understanding the dynamics of the housing market. For example, the sharp increase in rents helped me deduce that there was a surge in household formation in 2021 (September 2021:...
Dominium Acquires Land for Sandoval Flats, Plans to Develop 216 Affordable Apartment Homes in...
Dominium, a leading housing owner, developer, and manager announced that it has closed a deal to acquire land for the development of Sandoval Flats, a new affordable housing community in Rio Rancho, New Mexico.
Dominium...
Yardi matrix reports strong student housing preleasing activity
Yardi Matrix reports strong student housing preleasing in its most recent Yardi Matrix National Student Housing Report.
The off-campus student housing sector continues to post solid fundamentals, beating out last year’s preleasing rate...
Building more luxury apartments lowers rent for all classes
One of ten unintended consequences of rent control, according to the National Apartment Association, is that it reduces developers’ incentives to build new rental housing. Rent control has proven to backfire on...
HUD Announces New Partnership with North Carolina Central University to Strengthen America’s Fair Housing...
The U.S. Department of Housing and Urban Development (HUD) announced a new partnership with North Carolina Central University (NCCU), a public historically Black university (HBCU), to address housing bias and discrimination, and strengthen the...
Market demand sets stage for few rent hikes
While asking rents for new leases nationally are running nearly flat over the past 12 months, those figures are heavily influenced by the Sunbelt, where record-high supply has turned rent growth negative in some...
NMHC survey reveals rise in rental fraud
A recent survey of rental housing providers by the National Multifamily Housing Council found that rental application, financial and identity fraud are increasing throughout the nation, fueled by social media platforms that...
America’s spending problem
This will slim you down six ways from Sunday.
The problem with socialism is that you eventually run out of other peoples’ money. —Margaret Thatcher
$2.4 billion—federal losses under specially-created accounting rules by the federal government
Creating...
Office-to-apartment conversions gather steam
Office-to-apartment conversions gather steam as developers seek adaptive reuse as a way to fix pandemic-related problems in the office market. Adaptive reuse of office buildings has become so popular, CoStar dubbed 2023...
Affordability is re-emerging as a tailwind for market-rate apartments.
Affordability is re-emerging as a tailwind for market-rate apartments. One takeaway from data discussed on a RealPage podcast this week is that rent-to-income ratios have returned to pre-pandemic levels, suggesting affordability issues...
