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...
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.
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.
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.
Investor interest
remains high, with $ 860 million in
multifamily assets trading in Richmond last year.
While
multifamily remains one of the most desirable
asset classes to finance, a number of new factors have emerged that are making it more challenging to secure competitive financing.