We are currently purchasing underperforming,
multifamily assets in New England, North Carolina, and Florida.
«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.
The company, which invests on behalf of about 500 high - net - worth individuals, has acquired some $ 225 million worth of
multifamily assets in each of the last three years with Memphis - based Covenant Capital, New York - based DRA Advisors and other equity partners.
The partnership will acquire multiple
multifamily assets in the coming months, targeting value - add opportunities and applying renovations under the Altura brand.
Washington REIT is a value - creation focused owner and operator of high - quality Office, Retail and
Multifamily assets in the Washington Metro Area.
Forest City would fit nicely into that group as the company owns office, retail and
multifamily assets in primary markets such as New York, San Francisco, Boston, Washington, D.C. and Los Angeles.
In the U.S., the company is focusing on value - add
multifamily assets in less - glitzy markets like Indianapolis; Kansas City, Mo.; and Columbus, Ohio.
Fifty - five percent of respondents say they plan to acquire
multifamily assets in the next 12 months.
Covenant Capital Group has sold two of its recently renovated
multifamily assets in Greenville, S.C., to Blue Rock Premier Properties.
The property is a pre-war
multifamily asset in the heart of Boerum Hill, within walking distance to three of Brooklyn's premier retail corridors Court Street, Smith Street & Atlantic Avenue.
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.
Not exact matches
While we continued to see a decline
in total dollar volume of trades
in the
multifamily asset class
in 2017, especially from the peak of the market
in 2015, pricing generally remained the same.
The firm specializes
in the sale of
multifamily and mixed - use
assets, development sites, industrial dispositions, as well as, retail and office leasing.
Ken McElroy, Principal and Co-Partner of MC Companies, has over 26 years of senior level experience
in multifamily asset and property management and development.
Ken McElroy, Principal and Co-Partner of MC Companies, has over 26 years of senior level experience
in multifamily asset and property management and development.
The publicly - traded NexPoint REIT is focused on the acquisition,
asset management, and disposition of
multifamily assets — primarily class A and B
multifamily properties —
in the Southeast United States and Texas.
However, these funds are also available to be invested
in IRS - permitted nontraditional
assets, including mortgages, raw land, commercial buildings, vacation rentals,
multifamily homes, private notes, private stock, startup businesses and shares
in LLCs, just to name a few.
Theresa Bradley - Banta, who is a multi-award winning real estate consultant, author, and speaker, and an active real estate investor, experienced
asset manager, and owner - operator of single - family rentals,
multifamily properties, and international single family development projects, is one of many speakers who will be presenting at the 1st annual Best Real Estate Investing Advice Ever Conference
in Denver, CO February 24th to 25th.
We're happy to report that the Heartland eREIT ™ has acquired its first
asset, a preferred equity investment
in the ground - up construction of a 324 - unit Class A
multifamily property
in a suburb of Aust...
The Fundrise Income eREIT has acquired another
asset — a preferred equity investment
in the refinancing of a stabilized
multifamily apartment complex
in Richland, Washington.
In part two of my interview, Eric Griffin, vice president of
multifamily asset management, continues to share his thoughts with me about revenue management with YieldStar.
Our portfolio is mainly comprised of multi-tenant, Class A office properties located
in dense, urban areas or central business districts, mixed - use retail or grocery - anchored centers
in high barrier - to - entry locations featuring credit - quality anchors, as well as Class A
multifamily properties, including student housing
assets, strategically positioned
in our target markets and
in high - demand locations.
Armada Hoffler Properties owns and manages a diversified portfolio of high - quality office, retail and
multifamily assets throughout the Mid-Atlantic and Southeastern United States, with a concentration of them strategically located
in the Greater Baltimore / Washington, D.C. area, Coastal Virginia, and a selection of dynamic markets throughout the Carolinas.
In spite of the fact that values on multifamily assets have gotten «competitive» in recent years, Phoenix Realty Group has set the goal of completing $ 300 million in new acquisitions in 201
In spite of the fact that values on
multifamily assets have gotten «competitive»
in recent years, Phoenix Realty Group has set the goal of completing $ 300 million in new acquisitions in 201
in recent years, Phoenix Realty Group has set the goal of completing $ 300 million
in new acquisitions in 201
in new acquisitions
in 201
in 2014.
In that regard, multifamily real estate is an alternative investment asset class that has demonstrated meaningful interest in 201
In that regard,
multifamily real estate is an alternative investment
asset class that has demonstrated meaningful interest
in 201
in 2017.
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.
Overall, conditions appear to favor growth
in the
multifamily real estate
asset class.
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.
Since foreign and institutional investors are chasing after any
multifamily asset «with good credit and that's bright and shiny,» New Jersey - based real estate financier Billy Procida advises HNW investors and family offices to pursue «smaller scratch - and - dent deals» below $ 10 million that will require some TLC —
in other words, value - add properties.
By and large, HNW investors and family offices have a better grasp of local markets — most notably non-gateway markets — while foreign investors tend to favor U.S.
assets that are
in their comfort zone, namely
multifamily properties and hotels
in top - tier cities, according to Mulcahy.
The largest three
multifamily REITs are buying
assets selectively, if they buy at all, mostly
in strong secondary markets
in prime metropolitan areas, and are selling significantly more than they buy.
Asian Money Pouring Into U.S.
Multifamily Assets at Historic Pace «U.S. multifamily has seen a significant increase in investment volumes by Asian buyers so far in 2014, with $ 522 million of transactions completed from January thro
Multifamily Assets at Historic Pace «U.S.
multifamily has seen a significant increase in investment volumes by Asian buyers so far in 2014, with $ 522 million of transactions completed from January thro
multifamily has seen a significant increase
in investment volumes by Asian buyers so far
in 2014, with $ 522 million of transactions completed from January through August.
Most recently, it acquired Associated Estates Realty Corp., a
multifamily REIT that specialized primarily
in suburban
assets with repositioning opportunities.
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.
Resolve brought data tools that help investors understand patterns such as whether commercial and
multifamily rents
in a given area are trending higher or lower and whether expiring leases are being renewed, so clients can make informed decisions about their
assets.
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.
Debt funds are gathering cash to invest
in commercial and
multifamily properties, offering mortgages that range from mezzanine loans to senior financing to
assets in transition...
Growth is slowing
in sectors that are
in a more mature stage of the cycle, such as office, retail and
multifamily, while there is more upside
in non-core
assets such as single - family rentals (SFRs) and data centers.
Like many other investors, PREI has aggressively pursued the
multifamily sector, both
in acquiring
assets and
in funding development.
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.
The deal expands Blackstone REIT's portfolio to $ 7 billion
in gross
assets, including 33 million square feet of industrial space and 17,200
multifamily apartments.
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.
Nearly one quarter of all collateral securing CMBS
in 2002 were
multifamily properties, making the
multifamily sector the third largest
asset class after retail and office, according to a recent report by Moody's.
The merger brings together two
multifamily portfolios with a combined
asset base consisting of approximately 85,000
multifamily units
in 285 properties.
Moody's attributes the gap to a shift
in the composition of CMBS pools, as office
assets have taken up a greater share of transactions,
in lieu of retail and
multifamily assets.
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.
About two - thirds of its acquisitions were
in the
multifamily sector, while the company was a net seller of office
assets with more than $ 2 billion
in dispositions.
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.