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Orange County-based Alpha Wave Investors is starting a new round of value-add acquisitions in North Las Vegas, and is active in Tucson and Salt Lake City.
In this <b>EXCLUSIVE</b>, Jonathan Fearn discussed how Greystar's development in Silicon Valley will be impacted by the tech boom and some of the trends it plans to incorporate into multifamily projects.
The lack of affordable housing options continues to drive working Americans out of the cities, and even out of a home as new residential construction is too little and too pricey to fill the demand gap.
The Houston market is experiencing a significant deceleration in multifamily deliveries, and the submarket in which Discovery is located has no projects under construction in the near term.
With Baby Boomers' retirement prospects in a shambles, they will likely stay on the job longer, limiting advancement opportunities for generations coming up behind them.
The $400 million in upgrades will be made possible through the HUD's Rental Assistance Demonstration program, which converts apartments' funding to the Section 8 program.
Jefferson Lighthouse Place, built in 2015, is currently 94% occupied. HGI reports it plans to spend an additional $850,000 on capital improvements at the property located at 4411 North Federal Highway.