Operators in clear dialogue with their collection agency can optimize debt recovery and limit litigation exposure, notes Jay Harris and Elaine Owens of Fair Collections & Outsourcing. By Jay Harris and Elaine Owens (MultiHousingNews.com Article) — Even in a healthy economy, residential rent receivables written off as uncollectible...Continue reading »
Multifamily/Small Apartments
Conditions are ideal on both a macroeconomic and an industry-specific basis to be riding the real estate wave, says Mark Ventre of Stepp Commercial. By Mark Ventre (MultiHousingNews.com Article) — Back in 2016, I queried CRE executives about where they thought we were in the real estate cycle. Most of the answers I received...Continue reading »
Institutional investors would hope to replicate the successes they have had in traditional multiifamily, but the pecularities of single-family rentals prove challenging to the industry’s largest players. By IvyLee Rosario (MultiHousingNews.com Article) — Whether it be Millennials, Gen Zers or even Baby Boomers, the number of renters...Continue reading »
Spaces Real Estate founder Bentley Phillips on how to fill units or recoup losses. By Mary Salmonsen (MultiFamilyExecutive.com Article) — For an investment-grade property manager, a few empty units are usually within an acceptable risk threshold. But smaller mom and pop owners could lose a large share of their income on a single vacancy—especially over...Continue reading »
Steady economic growth expected to continue through 2020. By Mary Salmonsen (MultiFamilyExecutive.com Article) — The national average rent fell by $1 in January 2020, down to $1,463, while year-over-year rent growth has remained at 3%, according to the latest Yardi Matrix Multifamily National Report. January marks the third consecutive month of declines...Continue reading »
Demographic headwinds and oversupply are creating headaches for the asset class, according to panelists at NAA’s CampusConnex conference. By Greg Isaacson (MultiHousingNews.com Article) — The U.S. student housing industry faces choppy waters as a Millennial-driven enrollment boom tapers off and many university markets...Continue reading »
Worried about Coronavirus? Chances are slim that you’ll get it. Still, it never hurts to be prepared, especially in an apartment building common area, where people are always coming in and out. Here are some tips to keep everyone healthy. By Jessica Fiur (MultiHousingNews.com Article) — When I got on the bus this morning, there was...Continue reading »
The report shows a record number believe renting is more affordable than owning a home, as affordability becomes a growing issue among both residents and owners. By Gali Kalinoski (MultiHousingNews.com Article) — A new Freddie Mac survey profiling renters and owners finds that an unprecedented number of renters—84 percent—believe...Continue reading »
Multifamily developers and investors enjoy favored status from high-leverage financiers, according to Zachary Streit of George Smith Partners. By Zachary Streit (MultiHousingNews.com Article) — A healthy economy and a growing roster of capital providers looking for returns means high-leverage non-recourse financing is not only available,...Continue reading »
According to a recent CBRE report, total costs increased by 6.4 percent in 2019, with labor and land expenditures cited as key factors. By Gali Kalinoski (MultiHousingNews.com Article) — Labor and land costs are the primary drivers of a 6.4 percent increase in senior housing development costs for 2019 and a new CBRE report expects those...Continue reading »
