One Question with: Jeff Adler

Posted on Apr 14, 2021 in HomePage, News & Events
One Question with: Jeff Adler

How have renter preferences changed since the start of the pandemic and what type of amenities should landlords provide to attract and retain tenants? Jeff Adler, Yardi matrix The biggest changes in renter preferences since the pandemic hit revolve around the dramatic shift in the expectations of where “work” occurs for careers that have traditionally […]

Investors Showing Increased Appetite for Risk

Posted on Apr 14, 2021 in HomePage, News & Events
Investors Showing Increased Appetite for Risk

As investors look harder for yield, they’re getting more aggressive. A record number 30 percent of commercial real estate investors are seeking opportunistic and distressed assets in 2021, according to CBRE’s Americas Investor Intentions Survey 2021. In 2020, only 16% set such aggressive targets. Investor sentiment began to improve in the second half of 2020, […]

Strong 1Q Rent Growth Portends Multifamily Revival

Posted on Apr 14, 2021 in HomePage, News & Events
Strong 1Q Rent Growth Portends Multifamily Revival

by Paul Fiorilla, Yardi matrix First-quarter U.S. multifamily rent growth was surprisingly robust, with a sudden resurgence in luxury properties and in high-cost coastal markets, a sign that demand is on the rebound. The strong early-year performance comes amid optimism about the economic recovery over the balance of the year. Consensus economic forecasts foresee 6-7% […]

One Question with: Gadi Kaufmann

Posted on Mar 15, 2021 in HomePage, News & Events
One Question with: Gadi Kaufmann

As we begin to emerge from the Pandemic, what if anything over the past 12 months has surprised you as it relates to how the real estate markets have performed/responded? “Like everyone, the Covid-19 pandemic caught us by surprise.  At the onset we were quite concerned about the drastic shutdown of the global economy imposed […]

Construction Costs Unpredictable in the Year Ahead

Posted on Mar 15, 2021 in HomePage, News & Events
Construction Costs Unpredictable in the Year Ahead

Last year was a challenging year for everyone. But it was genuinely volatile for apartment developers. Nationwide shutdowns in the Spring brought some apartment projects to a halt. Then lumber prices skyrocketed. Over five months in 2020, the Producer Price Index (PPI) for softwood lumber doubled, jumping 90.9%, according to the National Association of Home […]

Multifamily Demand Surprisingly Strong in 2020

Posted on Mar 15, 2021 in HomePage, News & Events
Multifamily Demand Surprisingly Strong in 2020

Demand for multifamily took a hit in the early stages of the COVID-19 pandemic but – thanks to a strong bounce back in the second half of 2020 — absorption for the full year was robust overall. All told, 252,000 apartment units, or 1.7% of total stock, were absorbed in the U.S. in 2020, according […]

Renters are Open to Short-Term Leases

Posted on Mar 15, 2021 in HomePage, News & Events
Renters are Open to Short-Term Leases

Before the pandemic, some apartment residents were coming around to short-term rentals. Younger renters surveyed in the report were much more open to having short-term rentals in their apartment community, according to the 2020 Apartment Resident Preferences Report from the National Multifamily Housing Council (NMHC) and Kingsley Associates. Overall, almost 60% of respondents said having […]

Apartment Rents are Rebounding

Posted on Mar 15, 2021 in HomePage, News & Events
Apartment Rents are Rebounding

Unlike other sectors, apartments have weathered the pandemic reasonably well. Now, rents sit just 0.1% lower than where they were last June, according to Apartment List. In fact, after COVID-19’s initial shock to the market last Spring, national rent growth followed seasonal trends in the following eight months. In February, Apartment List’s rent index increased […]

One Question with: Douglas M. Bibby

Posted on Feb 22, 2021 in HomePage, News & Events
One Question with: Douglas M. Bibby

We are nearly a year into the pandemic and resulting economic downturn. It has obviously presented unprecedented challenges for both the multifamily industry and America’s renters.  How has the industry met those challenges? “Some segments of our industry are dealing with some serious hurdles today, and the outlook remains cloudy, at least in the near […]

Is the Next Supply Imbalance on the Way?

Posted on Feb 22, 2021 in HomePage, News & Events
Is the Next Supply Imbalance on the Way?

Coming into 2021, multifamily supply was running at cycle highs. The pandemic, however, pushed back the timetable for deliveries and reduced the number of starts – which could potentially produce a supply shortage in a few years. One key to the multifamily sector’s performance over the last decade was the shutdown of new supply in […]