Though the market took a big hit during the downturn, investors are again targeting the city, in spades. More
After a spate of overbuilding a decade ago, Columbus is finally enjoying strong unit absorption and job growth. More
Job growth, healthy investment sales, and a long-awaited decline in vacancy has the apartment sector looking up in Los Angeles County. More
Bell Partners has a formula for success that other owner/operators might be wise to emulate. More
Multifamily owners are finding they need to be more flexible in closing rental deals with retail tenants. More
The Federal Housing Administration is notorious for taking its time when processing loan applications. Adding to that timeline these days is the National Loan Committee (NLC), which reviews deals from regional offices before giving them the final seal of approval. Any new Sec. 221(d)(4) market-rate deal that’s more than 150 units, or more than $15 million, must go to the NLC. More
Even as occupancy concerns weighed heavy on multifamily operators heading into 2010, apartment firms pushed forward this year with new openings and have found that absorption rates are tempering the need for longer pre-leasing periods. More
A slew of recent market reports are beginning to shine a light on what many apartment operators are already feeling at the site level: improved fundamentals in both occupancy and effective rents. One reason why: net apartment absorption—the amount of units leased after deducting the amount of supply—jumped by more than 46,000 units in the second quarter. That’s the highest increase in a decade, according to a New York-based investment firm Barclays Capital analysis of multifamily market data from New York City-based real estate research firm REIS. More
Some of the FHA's multifamily programs haven't seen changes in more than 40 years. So, in announcing new leverage and debt service levels, the FHA took the opportunity to enact a slew of other changes, and propose a few more. More
Some of the FHA's multifamily programs haven't seen changes in more than 40 years. So, in announcing new leverage and debt service levels, the FHA took the opportunity to enact a slew of other changes, and propose a few more. More