With the ever - changing landscape of debt and equity sources, market competition
for multifamily assets remains strong, placing pressure on borrowers to include sufficient capital reserves in their underwriting models...
With the ever - changing landscape of debt and equity sources, market competition
for multifamily assets remains strong, placing pressure on borrowers to include sufficient capital reserves in their underwriting models and solidify their offerings...
There's no doubt that now is an interesting time in the mortgage market
for multifamily assets located in secondary locations, brimming with potential, promise and uncertainty.
Not exact matches
For example, in the
multifamily sector, top REITs like Camden Property Trust continue to sell large portfolios of properties and trophy
assets in primary markets.
You will see those results in
multifamily assets that offer ample room
for socializing, full - access to wi - fi or 24/7 package pick - up.
Core activity remained strong, but as predicted, because of fierce competition
for core
assets, there was growing interest in class - B and class - C
assets in secondary and tertiary markets, particularly
for multifamily and retail.
For instance, pension funds» interest in
multifamily assets may cool and become more focused on office buildings, large industrial portfolios near port cities and grocery - anchored shopping centers.
«
Multifamily is a very defensive
asset for people concerned about the medium term of the economy.»
The most popular
asset for some time has been
multifamily, so markets like Washington, D.C. are widely considered overbuilt, which will hurt rents, etc..
It acquired the
asset through Behringer Harvard
Multifamily REIT I in a joint venture with PGGM Private Real Estate Fund, an investment vehicle
for large Dutch pension funds.
Prices are still trending upward
for multifamily, office and industrial
assets, while self - storage prices have peaked and retail prices have pulled back, notes Doug Ressler, director of business intelligence
for research firm Yardi Matrix.
Mesa West Capital has originated approximately $ 360 million in first mortgage debt secured by office,
multifamily and hospitality
assets throughout Colorado and approximately $ 560 million in first mortgage debt
for the acquisition or refinancing of hotels and resorts throughout the United States.
BOTHELL, WASH. — Marcus & Millichap Capital Corporation (MMCC), a leading provider of commercial real estate financing and capital markets expertise, has arranged in excess of $ 15,700,000 in debt on two
multifamily assets for two different sponsors: an 88 - unit apartment complex in Bothell and a 68 - unit
asset in Tukwila, both in Washington.
While conventional
multifamily cap rates have seen an uptick with the rising interest rates, student housing cap rates have not changed, remaining in the low 5 percent range
for infill pedestrian - to - campus
assets and, in select cases, below 5 percent.
At a time when real estate investors still have concerns about the future performance of many traditional property types, including office, retail and
multifamily, some have started to set aside capital
for alternative
assets.
Robert Occiogrossi: While foreign investors have traditionally been attracted to hotel,
multifamily and office
assets in U.S. gateway cities such as Los Angeles, New York, San Francisco, Washington, D.C. and Chicago, the increasing appetite
for acquisitions may push foreign investors to look at properties or
asset types they may not have customarily looked to as good investments in the past.
Learn how
multifamily developers can locate and evaluate profitable land and property
assets for acquisition.
Quick and easy to implement, Investment Accounting works with all property accounting systems, offering one robust solution
for multiple
asset classes including: Commercial, Hospitality,
Multifamily, Affordable and Single Family, Senior and Student Living.
Max Kalikow works on
asset management
for Gamma's portfolio of
multifamily properties in the southeastern United States.
There is not much financing available
for ultra luxury
multifamily assets.
KIM BETANCOURT: We believe that
multifamily will continue to be a favored
asset class
for commercial real estate investors.
Commercial broker services
for Texas property owners,
multifamily buyers and
asset management services
Provides a market outlook
for each
asset type — commercial (office, retail, industrial), residential (
multifamily), hospitality (hotel)--
for the New York, Los Angeles, San Francisco, Washington, DC, Chicago, and Dallas markets
for Q4 2015 to Q1 2016 activities.
HUD / FHA loans are available
for all types of
multifamily and healthcare
assets, including both affordable and market - rate properties.
Insight and Fundrise - affiliate RSE Capital acquired two NoVa Class - B
multifamily assets for $ 57.9 M outside of the Fort Belvoir military base.
While there's been a significant uptick in property values, we still have a lot of capital looking to invest in
multifamily and not enough availability of
assets for that equity or debt.
Mr. Calvert is responsible
for all phases of valuation and disposition of investment grade real estate
assets focusing primarily on student housing and conventional
multifamily.
The survey's participants ranked industrial
assets as the most attractive property type
for new investments, followed by
multifamily.
AUSTIN, TX (March 30, 2018): Catalyst, an Austin - based agency specializing in marketing
for student and
multifamily housing, announced that private real estate investment company, Stratford Partners, has awarded the agency a contract to rebrand a 173 - unit property within its West Coast - based
multifamily portfolio worth more than $ 600 million in
assets.
The company provides all the services needed
for individuals to invest remotely in residential real estate, including single - family rental (SFR) properties and
multifamily assets.
Ask
for Help Before Investing «If you conduct your due diligence, an SFR or a
multifamily asset can be an excellent investment, especially when that investment is a diversification play,» shares Hovland.
My background is as a disposition manager
for a
multifamily firm in Central, TX and sold over $ 100,000,000 worth of income producing
assets.
«Cap rates were 20 basis points higher at the end of 2017
for SFRs than
multifamily assets, and they're even higher in riskier, smaller markets such as Cleveland,» Hovland says.
JRK Investors purchased the
multifamily asset for $ 64.5 million.
«There are limited investment opportunities
for multifamily buyers interested in well - performing
assets in and around the Denver area,» said David Dowell, director at The Praedium Group.
Centerline Capital Group, a provider of real estate financing services
for market - rate and affordable
multifamily housing has recently provided a $ 10.4 million Freddie Mac conventional loan to refinance Cedar Pointe Apartments, a 210 - unit
multifamily asset in the Greater Nashville Area.
Underground storage tanks can also be an issue
for older
multifamily assets as they have a useful life of only 15 to 20 years, resulting in multiple generations of tanks that often lack proper closure reports when replaced or during conversion to an alternative fuel source.
«The property sold
for over 11 times the rent roll which is testament to the strength of
multifamily assets in the current market,» said Riney.