Capital Markets

After taking care of tenant issues, institutions became more active in Q3 and Q4.

Biden plans to nominate Ohio Congresswoman Marcia Fudge as the secretary of Housing and Urban Development.

The joint venture acquires 10 last mile properties totaling 896,205 square feet in Denver, West Palm Beach, Charlotte, San Antonio, and Fort Worth.

Servicers are being less supportive with retail workouts, and appraisers are harsher with longer-term cash flow projections.

Value-add multifamily properties in Sunbelt cities such as Houston are continuing to benefit from an influx of residents from other high-cost-of-living states and densely populated cities.

Most industry experts believe the overall valuation impact has been less severe for co-living properties than for multifamily because many renters are seeking more affordable housing options, likely continuing post-COVID.

Sacramento is one of the markets continuing to experience apartment rent growth of slightly less than 4% in the last year, leading to mega-acquisitions such as Alira which was recently purchased for $92.3 million.

Tenant demand will shift away from class-A high-rise properties and embrace low-rise properties.