Following the sale of two medical office buildings (MOBs) earlier this year, the company is now almost exclusively focused
on multifamily assets, Decker said.
Debt providers are becoming more active in lending
on multifamily assets, panelists said.
However, low cap rates
on multifamily assets coupled with flattening rents mean these deals are becoming increasingly difficult to underwrite, Circ adds.
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.
Not exact matches
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 the U.S., the company is focusing
on value - add
multifamily assets in less - glitzy markets like Indianapolis; Kansas City, Mo.; and Columbus, Ohio.
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.
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.
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...
Max Kalikow works
on asset management for Gamma's portfolio of
multifamily properties in the southeastern United States.
A bank will look at a commercial
multifamily asset and loan, or refinance your loan, based
on something called the Net Operating Income (NOI).
Our team focused mainly
on construction and short - term loans
on office, retail, and
multifamily assets across the United States.
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.
Before that, he was a partner in a private equity real estate firm that was focused
on the acquisition and repositioning of distressed
multifamily assets.
Investors from the region have also been looking more at
asset classes aside from their traditional bets
on hotels and office buildings, including
multifamily housing, logistics facilities and student housing, he notes.
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...
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.
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.
Alan Brymer is the Managing Director of Key Elements Capital, a boutique value - add real estate investment firm focused
on acquiring, improving, and operating
multifamily assets at a low basis while providing otherwise unobtainable real estate investment opportunities with reduced risk to clients.
This newly organized Delaware limited liability company was formed to acquire, redevelop, and manage residential real estate
assets in the United States, with a focus
on acquiring and improving undervalued
multifamily residential properties that provide affordable value to residents.
The bank has $ 25.9 billion in
multifamily assets on its balance sheet.
SRE focuses
on investments in both debt and equity across all major
asset classes, including office, retail, hotel, and
multifamily, in addition to secondary real estate
asset classes.