Latest from the Multifamily Newsroom

Despite concerns over rising Treasury bond yields and the impact on mortgage rates, homebuilder stocks are witnessing an upward curve. Market optimism suggests confidence in ongoing housing demand despite higher borrowing costs, contributable in part to an ongoing housing supply shortage, the shift to remote working demanding more comfortable home spaces, and strong pandemic-era consumer savings. As multifamily industry leaders, understanding these factors is crucial to navigate these evolving market trends effectively.

The surge in electric vehicle (EV) adoption calls for greater EV charger accessibility, marking an emergent issue in the multifamily housing space. Multi-unit housing complexes are urged to integrate EV charging stations and retrofit existing properties with charging capabilities, to meet the increasing demand and support the green revolution. Property owners, managers, policy-makers, and residents must work together to deliver sustainable EV infrastructure in neighborhood developments. This investment into EV technologies is necessary for moving in line with the future residential trends.

The Pandemic Housing Boom has been a lucrative venture for shrewd investors, due to low interest rates, easy access to capital, escalating rents and surging house prices. These factors have caused a swell in the multifamily real estate investment landscape. This doesn’t only boost individual portfolios, but also sparks development and wealth in local communities. However, in order to succeed in an always-changing industry, it’s critical to remain vigilant of the market conditions and potential economic shifts. #MultifamilyLeadership #Multifamily #MultifamilyNews

Chicago, renowned for breathtaking architecture and a burgeoning multifamily real estate sector, offers significant opportunities for investors. These opportunities, however, require insightful visualization presented through a strong proposal detailing potential value addition, expected returns, and a robust execution plan. With a compelling narrative about a property’s potential, investors are prompted to look beyond physical structures and unearth the latent value. As the multifamily sector evolves, stakeholders are encouraged to add their unique value to each property, thereby transforming communities and leaving a vibrant mark on city skylines.

Carter Multifamily, a division of Carter Funds, has bought Mode at Ballast Point in South Tampa for $57.5 million. They plan to reposition the 276-unit, 218,592 net rentable square feet property, pledging major internal and external renovations. The property’s strategic location near retail, business hubs, healthcare institutions, and MacDill Air Force Base increases its allure. Tampa’s robust job market, with a 4.3% growth in employment year-over-year, should increase the property’s renter demographics.