The location
focus of apartment property targeting should be on developing neighborhoods or neighborhoods that have been recently fully developed since such neighborhoods have greater income and value appreciation potential in the years ahead.
Morgan Communities» owns a number
of apartment properties in the Buffalo and Rochester area and is involved in major city projects including Tower 280 and Parcel 5 and its proposed performing arts center.
The average
price of an apartment property grew 14 percent over the year that ended in July, according to the latest Commercial Property Price Index from Real Capital Analytics and Moody's Investor Service.
Both Fannie Mae and the Federal Housing Authority (FHA) have created loan programs that recognize the
value of apartment properties that use less energy.
The dollar
volume of apartment properties bought by investors over the four year that ended in the first half of 2015 is 14 percent larger than the four years that ended in 2008 with the financial crisis.
Apartment properties that have formal restrictions on how high their rents can rise because they are in affordable housing programs now account for roughly 20 to 25
percent of the apartment properties with more than 20 units that are bought and sold, according to CBRE data.
Personal Liability Protection: Receive up to $ 100,000 of coverage against personal liability claims such as slip and fall injuries and accidental
damage of apartment property.
Those prices are about three times higher than secondary markets such as Las Vegas where $ 2.15 billion
worth of apartment properties sold during the same period for an average cap rate of 7.1 % or $ 78,393 per unit, according to New York - based Real Capital Analytics.
About three - fourths of U.S. apartment properties contain fewer than 200 units, according to NMHC, and individuals or partnerships own about two -
thirds of apartment properties.
But strong rent growth and relatively healthy occupancy rates in the apartment sector continue to attract investors, who are then frustrated by the relatively small number and high asking prices
of apartment properties available for sale.
One of the
advantages of apartment properties over other real estate types is the relatively short - term nature of apartment leases that allows owners and managers to adjust rents for changing market and economic conditions quickly.
«Our 2012 acquisitions pace placed us among the nation's most active
purchasers of apartment properties, and we have added another $ 137 million of multifamily assets to our portfolio this year,» said Ella Shaw Neyland, president of Steadfast, in a statement.
The technology places a touchscreen panel by the front
door of the apartment property, replacing the old panel of doorbell buttons for the existing intercom system.
The volume
of apartment properties of all types bought and sold in January and February was less than half compared to the year before.
TIAA - CREF and CalSTRS, for example, made the list of top five
buyers of apartment properties in 2012 by investment volume, according to Real Capital Analytics (RCA), a New York City — based research firm.
So you'd think that
owners of apartment properties, particularly in high - priced cities like New York, would be lining up to sell their holdings and profit big time.
More than a third — 34.9 percent —
of the apartment properties that developers plan to open between 2016 and 2021 will mix apartments with another real estate asset class, like retail.