GlobeSt.com reports that Freddie Mac expects it will end 2016 having done around $55 billion in mortgage purchases, or originations as the rest of the industry would call it. It will also have done by year-end, give or take, some $50 billion in securitizations. So says David Brickman, executive vice president and head of the Multifamily Business, […]
Costar Says “A Storm is Brewing in Multifamily”
The CoStar Group, the leading provider of commercial real estate information, analytics and online marketplaces, published a brief about the multifamily market that states the demand is set to decline in the apartment market. As Millennials get married, start having families, and begin buying homes, demand will decline as a result of this trend. They report […]
Rent Growth and the Widening Gap Between A and C Product
RealPage chief economist Greg Willett shares what is driving the widening gap between A and C product, and how apartment rent growth is likely to progress in the next year or two. Across the 100 largest metro areas in the US, the asking rent gap between the top end and the bottom layer of the […]
Black Friday, Amazon and What Multifamily Owners Can Learn
On Black Friday, more than 103 million Americans went online to buy, outnumbering in-store shoppers for the first time according to the National Retail Federation. Amazon accounted for more than 30 percent of spending on Black Friday through “Cyber Monday.” In yet another sign of how incredibly powerful Amazon has become, particularly around this time of […]
CDFI Fund Awards $7 Billion in NMTC Allocation Authority
On November 17th, the U.S. Treasury Department’s Community Development Financial Institutions Fund (CDFI Fund) awarded a record $7 billion in New Markets Tax Credit allocation to 120 community development entities throughout the country. Based on the conditions of the awards, it is anticipated that approximately $5 billion of allocation will be deployed to support businesses […]
Peyton Manning on Leadership
Last month, I had the privilege of meeting with Peyton Manning and then hearing him speak at the Entrata Summit, a multifamily conference in Park City. Five-time MVP and the only quarterback in NFL history to win a Super Bowl with two different teams. A two-time Super Bowl-winning quarterback and one of America’s favorite athletes […]
Apartment Occupancy Hits a 16-Year High
U.S. rental apartment occupancy reached 96.5 percent in the third quarter of 2016, according MPF Research, the market intelligence division of rental housing technology firm RealPage, Inc. (NASDAQ: RP). Up from 96.2 percent a year ago, today’s occupancy reading is just shy of the all-time peak of 96.8 percent set in the tech boom period of 2000. Most […]
U.S. Multifamily Market Report Released
The inaugural Rental Ranking Report from All Property Management features insights into the attractiveness of real estate investment in 75 major U.S. metropolitan areas, over all four quarters of 2015. The higher a metropolitan area’s ranking, the better ROI for rental housing within it. The report includes a breakdown of regional performance trends and a look […]
It’s All About Speed and Execution
In recent years, a series of broad economic and technological changes has dramatically shifted the competitive landscape for real estate companies and increased the speed of business. Multifamily executives are regularly asking themselves: Why do I feel bogged down with so many processes? Is my firm nimble enough? Am I paying too much for the management […]
The History of the Internet
By Scott Seegmiller I was co-founder of a Property Management company 25 years ago. We were leading edge back then, running 110 properties on a Single User DOS-based system. Our internet? Mail a 3.5-inch floppy disk to the corporate office. It worked, we developed processes and procedures surrounding the systems and we made it very […]
