Higher Vacancy Rates, Lower Rent Growth Expected in Multifamily Market
The impact of the COVID-19-related economic downturn on the multifamily industry is expected to have a greater impact on large coastal metro areas. By Brenda Sapino Jeffreys Weakened economic drivers including employment growth and overall household income, stemming from the COVID-19 pandemic, are expected to weaken the multifamily market for the rest of 2020 and […]
Workforce wellness, resiliency and ironclad industrial sector: Keys to recovery
By Michael G. McGuinness Despite the ongoing adverse impacts from the COVID-19 pandemic, some experts report that the macroeconomic trends are looking favorable nationally, and especially for New Jersey, but it’s going to be pretty slow going. “It’s all about public health, public health, public health,” said Narayana Kocherlakota, a former Federal Reserve Bank president. […]
What Rent Collection Data Is Really Telling You
Reviewing rent collection data has become a pandemic pastime for apartment investors, but these reports have varied significantly between outlets. By Kelsi Maree Borland These days, rent collection data is among the most highly reviewed monthly reports. However, the strength of rent payments during the pandemic really depends on what outlet you’re reading. For June, Lease […]
This Is Not the End of Cities
Both the coronavirus pandemic and the Black Lives Matter movement create opportunities to reshape cities in more equitable ways. By Richard Florida (The following is the first of a three-part essay that breaks down overlapping crises that are reshaping America’s cities. The initial installment examines why predictions of the impending end of cities are overblown — and why they may come back […]
As Homeownership Declines, Demand for Rental Housing To Climb
A report by Middleburg Communities projects a decline in homeownership to 20-year lows and a subsequent rise in the demand for multifamily housing. By Erika Morphy A drop in homeownership rates will fuel a significant increase in demand for rental housing over the next five years, according to a study released by apartment properties acquisition […]
While Resilient, Multifamily is Not Immune to COVID-19
Despite challenges, there are opportunities facing economic subsectors and the market as a whole along with factors that will determine the severity of the pandemic’s impact on the multifamily sector. By Lisa Brown SAN FRANCISCO—COVID-19 has wreaked havoc on many commercial real estate segments. While the multifamily sector is a resilient one, it is not […]
CRE Investors Are Bullish Despite Sluggish April Collections
Most investors continue to harbor optimism that portfolios will hold up reasonably well during the next 12 months although it’s clear that the COVID crisis will impact real estate cash flows for the short term, GlobeSt.com learns in this EXCLUSIVE. By Lisa Brown SAN FRANCISCO—The current economic and health crisis has affected many around the globe. […]
April’s Apartment Rent Defaults Weren’t That Bad After All
The National Multifamily Housing Council found that April registered a payment rate of 93% compared to the same time last month. By Erika Morphy WASHINGTON, DC—When the National Multifamily Housing Council reported a drop in April rent payments last week, executives acknowledged the numbers could improve as they expected many tenants would be paying late. Turns […]
Is Multifamily Truly Recession Resistant?
The asset class is known for its survival during a downturn, but with so much class-A product on the market, will its reputation hold? By Kelsi Maree Borland Multifamily is undoubtedly tremendously popular among investors—and for many reasons. Renter demand is up, and more young people want to live in urban, walkable markets, but the […]
ONEWALL PARTNERS MAKES FIRST PREFERRED INCOME FUND INVESTMENT
ONEWALL PARTNERS MAKES FIRST PREFERRED INCOME FUND INVESTMENT $8.2 Million Preferred Equity Investment from New $50 Million Fund _____________ OneWall Partners, an owner and manager of transit-oriented and lifestyle-oriented workforce housing, has allocated the first investment from its Nova Appian Preferred Income Fund I, a $50 million preferred equity fund targeting transit-oriented and lifestyle-oriented workforce […]
