Capital Markets

The firm will allocate the funds toward making affordable housing more accessible to minority communities, diversifying its workforce and more.

There are opportunities for new apartment construction in both urban and suburban markets.

In the last decade, the average US apartment size decreased by 100 square feet to an average of 931 square feet.

Acquiring Silverwood Apartments during COVID allowed Gelt to capture significant value-add upside and a desirable interest rate, and forecast overall returns that met desired yield requirements.

The two markets were already set for major changes, but they are now hitting harder and faster than anyone expected.

The company will mostly buy, or create, multifamily assets in Opportunity Zones, reportedly becoming the first such organization to do so.

Investment-grade triple-net tenants should produce higher leveraged returns for investors over the next several years.

Investment sales totaled $1.1 billion in Manhattan in a total of 21 transactions, the lowest in a decade.