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Founded by Harvey Rosenblatt in 2015, P3RE now owns a portfolio of approximately two million square feet of commercial office and retail space in and around New Jersey.
Multifamily vacancies are rising, supply is unevenly distributed throughout the country and the pipeline remains robust. A new report from Ten-X Research tackles how well new supply is expected to absorb.
“Change must be carefully considered to those specific aspects of the tax code that have an outsized impact on the multifamily sector," say the National Multifamily Housing Council and National Apartment Association.
For the first time since 2015, multifamily originations grew more slowly by dollar volume than debt for other property types, says Jamie Woodwell at the Mortgage Bankers Association.