Top stories and aggregated facts on Multifamily Real Estate, curated for Investors and Business Partners.
Growing inflation is a big concern for all types of investors right now, as the rising pricing tide not only erodes purchasing power, it also diminishes returns. The good news is that real estate has historically outperformed during periods of high or rising inflation.
Andre Soroudi, Executive Vice President of Acquisitions has been recognized by Connect CRE as being one of the young leaders in the commercial real estate industry who is likely to be influential for years to come.
CGI+’s Gidi Cohen is making headlines with his interview with The Real Deal.
We are excited to announce that CGI+ has closed on the acquisition of Park Place, a 275-unit multifamily community in the Orlando, FL submarket of Oviedo for $68.95 million. This acquisition caped off a busy year for CGI+ with more than $625 million in transaction activity in 2021.
Apartment communities are seeing a boost in high income-earning resident applicants.
A growing number of wealthier new renters come from the millennial generation, who are driving the burgeoning lifestyle-renting market. At the same time, many would-be buyers are bowing out of the residential real estate market, trends are showing, according to RentCafe.
Investors can’t take their eyes off of the Western and Southeast U.S. apartment markets.
Multifamily investment activity has roared back after “a couple of weak quarters” during the pandemic, said Richard Barkham, global chief economist and head of Americas research at CBRE said at the recent GlobeSt.com Multifamily conference.
The fourth quarter typically is a month for apartment rents to fall, or at least cool a bit. Not this year. The multifamily housing industry continues to defy trends, and also continues to march higher, according to recent data from RealPage.
Both multifamily building permits and starts were up in October, following a trend of upward momentum seen since the end of the Great Recession, RealPage reported.
Despite heightened out-migration, the Southern California apartment market should continue to see strong rent growth over the next year due to the strong economy boosted by increasing spending on consumer goods, according to a newly released report by the USC Lusk Center for Real Estate.
CGI+ Real Estate Investment Strategies has closed on the acquisition of a 275-unit multifamily community in the Orlando, FL submarket of Oviedo for $68.95 million.