Las Vegas, Phoenix, and Miami have been lumped together as the poster children for distress, but each metro is climbing back up in its own way.
-
As investors balk at the gates of Gotham, cap rates for core assets in primary markets are inching up, with investors chasing yield and sending cap rates down in secondary markets.
-
The apartment sector continues to benefit from a lack of alternative investments, but how long can this dynamic last?
Thou Shalt Not Be Greedy
The current pricing environment continues to surprise observers, forcing many multifamily firms to reconsider their investment strategies. But can capitalization rates continue to trend downward?
-
Following a Reuters report last week that revealed Archstone was quietly shopping its apartment portfolio, a shortlist of potential buyers declined to comment on whether or not the Denver-based owner/operator of 57,474 units has solicited their respective firms regarding a deal.
Lower capital appreciation is forcing compression in multifamily investment returns relative to other commercial real esate asset classes.
-
In a trade that shows just exactly how much apartment valuations have jumped in the last couple of years (and the strength of the Washington market), the Palatine in Arlington, Va., traded again in May for a pricetage of $141.8 million (and a 4.5 percent cap rate), according to New York-based...
-
For much of the economy, Victor Calanog, vice president of research and economics at New York-based Reis, said the first quarter of 2011 was a disappointment. Gross Domestic product (GDP) dropped from 3.1 to 1.8 percent. The contribution of personal consumption expenditures and residential...
-
As more investors increase their risk tolerance and cast a wider net in search of yield, secondary markets could see more cap rate compression this year, despite the rise of the 10-year Treasury.
-
In the past six months, there have been some aggressive trades in and around Phoenix, as more investors bank on a strong recovery for the battered market.
-
Many multifamily investors are turning away from stabilized assets in core markets and focusing instead on secondary markets and riskier plays in search of higher yields.
Low interest rates drove cap rates down in 2010, but as both start to climb in the coming year, the industry will face stiffer financing competition.
-
Bill Stahlke comes out of retirement to deploy Lane Co,'s $250 million distressed acquistions fund.
-
The increases just keep coming in apartment transactions. Sales volume rose 63 percent to a total $8.5 billion from the second to third quarter, according to New York-based Real Capital Analytics. That’s the biggest jump in the last five years, according to RCA. Even more impressive: it’s an 130...
-
Many multifamily buyers and sellers have been surprised at just how quickly, and steeply, cap rates have fallen this year. But is this cap rate compression sustainable?
-
A lot of apartment REITs have been active over the past few months. Few have been as aggressive as Memphis-based Mid-America Apartment Communities. In August and September, the company announced five acquisitions. Mid-America CEO Eric Bolton took some time to chat with Multifamily Executive senior...
-
The recession is officially over, and happy days are here again. Nowhere is that perhaps more true than in the multifamily space, where the transaction volume for apartments has rebounded to 2008 levels, according to a report released this week by Encino, Calif.-based Marcus & Millichap.
It's been a good summer for Steve Winn. The chairman and CEO of Carrollton, Texas-based multifamily software and services provider RealPage took his company public in August, with trading on the NASDAQ beginning August 12. Winn sat down with Multifamily Executive senior editor Chris Wood to share...