by admin | Oct 19, 2015 | Market Data
At the annual MFE conference, experts assessed the economic and demographic trends influencing multifamily development and investment.
Source: www.cpexecutive.com
By mid-2016, the multifamily industry is on a pace to add between 280,000 and 300,000 new units of Class A product, the largest expansion since the mid-1980s. At the same time, however, Class A vacancy has remained virtually unchanged since 2013.
“Oversupply could be a significant issue in a couple of years” if the rate of household formation fails to keep up with new product, said Steve Guggenmos, senior director of multifamily investments and research for Freddie Mac. Another concern, he added, would be investment values that rise faster than rent growth.
Even though Class A supply may soon become an issue, the panelists noted, demographic and economic factors still appear to favor years of strong demand. By all indications, abundant capital will continue to flow to the sector and multifamily origination volume is climbing fast, from $190 million in 2014 to an estimated $225 million this year and $240 million in 2016
by admin | Oct 19, 2015 | Market Data
B2R Holdings, the parent company of B2R Finance, which lends to landlords, has rebranded as Lending.com.
Source: www.nationalmortgagenews.com
B2R Holdings, the parent company of B2R Finance, which lends to landlords, has rebranded as Lending.com and will offer more types of financial products beyond rental property finance including products be aimed at consumers, entrepreneurs, or established businesses.
This is an example of how companies born in the SFR space have evolved and are branching out into other areas based on pent up demand.
by admin | Oct 19, 2015 | Market Data
Source: saintpetersburgtimes.fl.newsmemory.com
Over the past year, investors have earned an average gross return of 16.7 percent on local residential properties they bought, according to the online real estate investment site BiggerPockets.com. That ranks the bay area sixth among the nation’s top 50 metro areas.
Flipping homes has become increasingly more difficult as finding the inventory is extremely challenging. The returns on these flips have consistently decreased over the past few years, but there are still select opportunities in select submarkets for the savvy investor.
by admin | Oct 19, 2015 | Market Data
Source: saintpetersburgtimes.fl.newsmemory.com
Redevelopment and change is not always easy, however, it is often part of the process in economic growth. What the article fails to address is the increase in property values, the increase in property taxes and the dramatic positive changes that are taking place in areas that really needed it.
by admin | Oct 16, 2015 | Market Data
The project — which will be the only full-service resort on the island — is a $30 million development that will stay true to Anna Maria’s “old Florida” character.
Source: www.bizjournals.com
Mainsail Lodging & Development, based in Tampa, on Thursday broke ground on the 37-unit, $30 million resort on Anna Maria Island’s Holmes Beach, at at 5325 Marina Drive.
Mainsail is been active recently with new development projects, continued success of their existing projects and the disposition of non-core assets.
by admin | Oct 15, 2015 | Market Data
Despite concerns over the large number of new apartment units being built across the country and high market valuations, the multifamily rental market continues to hum and may be on track for several more years of growth, according…
Source: www.costar.com
Despite concerns over the large number of new apartment units being built across the country and high market valuations, the multifamily rental market continues to hum and may be on track for several more years of growth, according to the latest Freddie Mac Multifamily Outlook.
Multifamily deliveries saw a spike in the first half 2015, mostly in the second quarter, when 285,000 units, annualized, entered the market, the highest level post-recession, according to Freddie Mac.
Because of the improving economy, pent-up demand has started to release into the market, benefiting the rental sector. Freddie Mac said it expects the strong demand for multifamily units to continue in the years to come.
