Why Retail Landlords Are Turning to Apartments to Shore Up Malls

Construction has started on a 23-story upscale apartment tower at Westfield UTC, a one-million-sq.-ft. outdoor center in San Diego, but the project is much more than the redevelopment of an upscale retail center owned by the Sydney, Australia-based Westfield. Combined with a renovation that will be completed this fall, the rebirth of Westfield UTC suggests that relying less on brick-and-mortar …

South Carolina Multi Family to level off in 2018

Via postandcourier.com From the history-steeped streets of Charleston to the state’s center of government in downtown Columbia and the growing Grand Strand around Myrtle Beach, building frames continue to rise to meet the growing demand of apartment-dwellers across South Carolina. Like the rest of the real estate industry, the multifamily market is booming — in some areas more than others, but …

By How Much Should You Raise Your Apartment Rents?

Bendix Anderson | Oct 24, 2017  Via nreionline.com How high can landlords raise the rents at their apartment properties before they begin to lose tenants? In the current market, many markets have very few apartment vacancies, and face little competition. That would usually be a sign to raise rents. But many renters have already been pushed to the limit financially. Another …

Small Multifamily Loans Get a Big Boost from Agency Lending

Sponsored by Freddie Mac Multifamily Financing for small apartment properties with 5 to 50 units reached a record-breaking $47.6 billion last year and growth is ongoing, according to Chandon Economics. As part of that trend, more property investors are converting to agency loans to finance their deals. What’s driving this trend? Credit Shift Bank regulation and rising rates have reduced …

Interest Rates Drop on Loans for Apartment Properties

Bendix Anderson | Aug 29, 2017 Via nreionline.com Interest rates were supposed to increase this year. But for borrowers on apartment properties, they are dropping. “The interest rate outlook has changed dramatically,” says Justin Bakst, director of capital markets for real estate research firm CoStar. Interest rates for permanent loans on most types of multifamily properties have fallen 20 to 30 …

Waypoint Campus Housing Acquires $102M Portfolio

After its recent addition of three new VPs, vertically integrated real estate investment firm Waypoint Residential has launched Waypoint Campus Housing LLC, which purchased a $102 million portfolio of four student housing properties. Waypoint Campus Housing acquired the 2,638-bed portfolio from Blue Vista Capital Management. Read More>>Multifamily Real Estate News

Cousins Continues $300M Disposition Plan with Atlanta Sale

Cousins Properties and Gables Residential have completed the $199 million disposition of Emory Point I and II, a mixed-use property in Atlanta. The asset features 750 apartment units and 125,000 square feet of first-floor retail space. Located at 855 Emory Point Drive, the community offers one-, two- and three-bedroom units ranging in size from 393 to 1,469 square feet. Community amenities …

Navigating the Changing Landscape for Multifamily Financing in 2017

The multifamily market has certainly enjoyed a golden era. Vacancy rates are down, rent growth is up and overall fundamentals point to a healthy investment market for multifamily. According to a recent CoStar report, total net absorption of apartment units in 2016 held steady at over 172,000 units, indicating healthy renter demand for multifamily. Read More>>National Real Estate Investor

The Future of Reputation Management

While the primary objective of reputation management is to look good in the eyes of prospective renters who scour review sites, savvy operators have begun to utilize their reviews as free market research. By now, most apartment operators have figured it out: Reviews can no longer be treated as a minor annoyance and left untouched in cyberspace. Read More>>Multifamily Real …

Niche Markets: Covering the Bases

The private firms that operate about 95 percent of the housing on the nation’s military installations face a paradox. Under the Department of Defense’s two-decade-old privatization initiative, those operators are investing in upgrades and offering attractive amenity packages tailored to the military families that comprise the vast majority of residents on base. Moreover, on-base housing tends to offer rents that …

Outlook for Apartment Sector Looks Strong

Rents will continue to grow faster than inflation and the average percentage of occupied apartments will continue to be relatively healthy in 2017. Read More>>National Real Estate Investor

Greystar Aims to Raise Capital in Mexico to Fund Development

The company is seeking to raise as much as 4 billion Mexican pesos (about $194 million) in 2017 from Mexican pension funds. Charleston, S.C.—Greystar Real Estate Partners LLC, a rental housing specialist based in Charleston, S.C., has filed an application for a special securities instrument known as a “development capital certificate” on the Mexican Stock Exchange. Read More>>Multifamily Real Estate …