High investor demand for multi-family real estate will likely continue for three to five years, only after interest rates gradually increase and the construction of new apartments slows down, according to Sue Blumberg, senior vice president and managing director of the Chicago office of NorthMarq Capital.
She told Midwest Real Estate News that investors consider multi-family the most desirable of commercial sectors.
“For investors looking for financing, it is an absolute feeding frenzy,” she told the ... read more
1) We know the market. We know how commercial leases should be priced in each sub market, and we can get you a fair price. We are also accustomed to negotiating, and can even score you a bargain. We also know the ins and outs of leases- there is much more to consider than monthly rent, including the amenities and allotted build-out budge. “It's not just about the lease rate, it's about the whole package,” said Ken Wedberg, a commercial agent at Realty Exchange.2) We get to know you. We sit down and do a... read more
There's never been a better time than now to invest in multifamily real estate.
Interest rates are low, but more importantly, tenant demand for apartments in the St. Louis metro area keeps growing. Rents and occupancy rates are also on the rise, and they are expected to continue to increase, according to the 2104 Outlook from Freddie Mac Multifamily Research.
According to Freddie Mac researchers, vacancy rates are still below their historic averages, and most markets should be able to absorb any new supply.
In t... read more
Multifamily Demographics: Five Free Mapping Resources
by John Wilhoit Jr. on July 30, 2013
It’s no small task to add a demographic component to your knowledge base about a particular property or portfolio. Getting “granular” by creating layered demographic maps can be very expensive. The more detail requested the more expensive the mapping outputs.
Broad mapping outputs are generally free. County and city maps, for example, provided by the U.S. Census Burea... read more
On Aug. 16, Capital One announced it would acquire Beech Street Capital, a private originator and servicer of multifamily commercial real estate loans. With a successful history of acquisitions behind it, investors need to know if Capital One is poised to add to that count, or if this is another example of a bank overextending itself into a business it shouldn't be in.
Beech Street makes loans for apartment buildings, condominiums, and other properties, then typically sells those debts through three large governme... read more