A stable apartment outlook and the pressing need for affordable housing is covered in this week’s multifamily news update. First, Property Management Insider reveals the market conditions that are making developers gain confidence in multifamily. Then, Real Page examines how quickly the average U.S. apartment rent has increased over the current cycle. Next, NMHC confirms that apartments continue to grow in popularity among domestic and … Continue reading Weekly Roundup: March 12th, 2018
We start off this week’s collection of multifamily news items with a look at a few top performing markets. MPF Research zooms in on Altanta – a strong performing in recent years — and finds that workforce housing neighborhoods dominate the list of top areas for rent growth in the city. Next, Urban Land sums up Marcus & Millichap’s 2018 Multifamily North American Forcast, which … Continue reading Weekly Roundup: February 23, 2018
As the average household income level of a metro rises, we using see asking apartment rents grow alongside it. We rent levels fall out of alignment with the growth of household incomes, affordability issues begins to emerge. Moreover, the affordability issue continues to be exacerbated by discrepancies in supply and demand conditions. Let’s examine the relationship between small asset apartment asking rents and household income … Continue reading The Correlation Between Income and Multifamily Rents
The adoption of solar powered heating in multifamily is proving to have significant impacts on more than just the environment. In fact, implementing this “green” trend could lead to considerable financial benefits including increased NOI, reduced operating expenses and even discounted loan rates and state level incentives. Thought the perks of going solar are undeniable, it seems that the usage of it is somewhat limited … Continue reading Solar Heating Gains Momentum in South-West
Ivan Kaufman, Chairman, President & CEO of Arbor Realty Trust Inc., sits down with Steve Johnson, Vice President of the Small Loan Business at Freddie Mac, and Sam Chandan, Silverstein Chair at the NYU SPS Schack Institute of Real Estate to discuss how the needs of the small balance multifamily borrower differ from larger institutional investors. Continue reading Who is the Small Multifamily Borrower?