Higher Mortgage Rates Vs Housing Demand: Decoding Market Confidence Amid Economic Flux in Multifamily Industry

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.

Navigating Future of Multifamily Housing: The Prominent Role of EV Charging Stations

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.

Pandemic Housing Boom: A Golden Era for Multifamily Real Estate Investment

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

Unlocking Latent Value in Chicago’s Multifamily Sector: The Power of Insightful Visualisation and Compelling Presentations

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 Marks South Tampa Territory with a $57.5M Acquisition: Mode at Ballast Point Readying for Impressive Transformation

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.

Jake Levow of Crowne Partners Takes Seat on Multifamily Innovation® Advisory Council

SCOTTSDALE, AZ – Multifamily Leadership is thrilled to announce the appointment of Jake Levow, Vice President and Director of Operations for Crowne Partners, to the esteemed Multifamily Innovation® Advisory Council. This council hosts multifamily industry trailblazers, innovators, and thought leaders, each offering a unique perspective to enrich industry knowledge and innovation. A proven leader in […]

Thompson Thrift to Develop 308-Unit Stella Luxury Apartment Community in Rapidly Growing Phoenix Submarket of San Tan Valley

PHOENIX, AZ – Thompson Thrift, a full-service nationally recognized real estate company and one of the nation’s leading multifamily developers, announced the development of Stella, a 308-unit, Class A multifamily community in the Phoenix suburb of San Tan Valley. Thompson Thrift plans to begin construction in June and welcome new residents beginning in late 2024. […]

Bell Partners Closes $1.3 Billion Value-Add Fund Reflecting Solid Demand for Multifamily Investment Opportunities in Strong Markets

GREENSBORO, NC – Bell Partners, one of the nation’s leading multifamily investment and property management firms, announced the final close of its Value-Add Fund VIII at a hard cap of $1.3 billion in equity commitments from a range of domestic and international investors, many of whom were existing partners in previous funds. Fund VIII will […]

Capital Square Breaks Ground on 348-Unit Livano Knoxville Apartment Community in Opportunity Zone along The Tennessee River

KNOXVILLE, TN – Capital Square, one of the nation’s leading sponsors of tax-advantaged real estate investments and an active developer of multifamily communities, announced it has broken ground on Livano Knoxville, an approximately 348-unit Class A multifamily community in a qualified opportunity zone in Knoxville, Tennessee. Construction of the development is expected to be completed […]

CEP Multifamily Acquires 97-unit Regal Ridge Apartments in Spokane, WA

EVERETT, Wash., July 7, 2023 — CEP Multifamily announced their July 7, 2023, acquisition of Regal Ridge, a 97-unit market rate garden apartment community in Spokane’s desirable South Hill neighborhood.  Regal Ridge is the first acquisition in Spokane for the vertically integrated Everett-based firm and grows their existing Pacific Northwest portfolio to 1,606 units, 475 of which are outside of the Puget Sound Region.  […]