Developers and investors have committed billions to the development, redevelopment and acquisition
of multifamily assets across the nation this year.
«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.
Proceeds from the sale have been used to acquire a number
of multifamily assets.
Since then, Starpoint has acquired, improved and disposed of some $ 1 billion
of multifamily assets, though it still owns Colfax Village and Prairie Court, now known as Prairie Villas.
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.
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.
My experience with Sean was outstanding and I highly recommend him to anyone considering a sale
of their multifamily asset.»
At the Federal National Mortgage Association in Washington, D.C., about $ 5 billion worth of business was done on the equity side
of the multifamily asset class.
Eric Griffin, vice president
of multifamily asset management at Pearlmark Real Estate Partners, talks revenue management.
Part two of an interview with Eric Griffin, vice president
of multifamily asset management at Pearlmark Real Estate Partners, about revenue management.
Not exact matches
«Brookfield Property Partners is a diversified global real estate company that owns, operates and develops one
of the largest portfolios
of office, retail,
multifamily, industrial, hospitality, triple net lease and self - storage
assets.»
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.
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.
These forward - looking statements include, but are not limited to, statements regarding the anticipated timing, structure, benefits and tax treatment
of the proposed separation
of NHF's
multifamily real estate
assets and its other investments, and future financing plans, growth prospects and operating and financial performance.
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.
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.
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.
Covenant Capital Group has sold two
of its recently renovated
multifamily assets in Greenville, S.C., to Blue Rock Premier Properties.
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 2014.
Fifty - five percent
of respondents say they plan to acquire
multifamily assets in the next 12 months.
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.
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.
We sold the
asset at the height
of the market, and launched into the
multifamily world.
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.
«Since 2011, we have completed the sale
of $ 2.4 billion
of assets and expect total dispositions to approach nearly $ 3 billion by the end
of 2016,» says Richard J. Campo, chairman and CEO
of Camden Property Trust, a
multifamily REIT that owns and operates approximately 158 communities throughout the country.
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.
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.
Multifamily assets, which benefited from a busted housing market, have been at the top
of their acquisition list.
«
Multifamily is a very defensive
asset for people concerned about the medium term
of the economy.»
It will now gain access to more than 7,400
multifamily units, 7.7 million sq. ft.
of commercial space and a development pipeline
of mixed - use
assets managed by LCOR.
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.
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.
The performance
of office properties over time is considered to be inherently more volatile as it depends on the health
of the economy, compared to the more stable
multifamily assets, Moody's report notes.
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.
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.
Foreign investors continue to prefer
multifamily and hospitality properties because they are familiar with the business models and more comfortable with the tangibility
of the
asset.
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.
My goals is to acquire a
multifamily property within the next year and begin building a portfolio
of buy and hold, stable, cash flowing
assets.
Many
of these large 1031 exchanges are coming from private family offices, Nutt notes, where families have owned
multifamily and office
assets in New York City and other primary markets.
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...