An Insider’s Look Into How Secondary Marketing Evaluates LOs

In this webinar we’ll explore the long-term financial impacts of renegotiations, extensions and fallouts, plus basic guidelines to be viewed as a professional by your secondary marketing department

HousingWire Annual Virtual Summit

Sessions from HousingWire Annual 2021 are going to be virtually streamed on October 25. Register now for FREE to tune into what housing industry leaders had to say this year!

How Freddie Mac is addressing affordable housing challenges

Freddie Mac is focused on addressing limited access to credit, housing inequalities, creation and preservation of affordable housing supply and advancement of homeownership education.

A NAR board member tells (almost) all

For this week’s Houses in Motion, a miniseries that is part of HousingWire Daily, we spoke with Lisa Dunn about the pressing issues in real estate, including disclosure of agent commission.

InvestmentsReal Estate

Private investments in multifamily sector spur spike in Q1 U.S. investment sales

Uptick in CBD high-rise purchases indicates investor preference for urban core acquisitions

Multifamily sales are up 44% year-over-year in Q1 2018 according to commercial real estate giant Cushman & Wakefield's recent investment outlook.

According, to its capital markets overview, Cushman & Wakefield said the hike in multifamily sales made up 31% of the total U.S. investment sales and spearheaded the 7.2% YoY rise the U.S. saw in investment sales during Q1. This translates to an increase of $100.8 billion in investment sales for the U.S.

The primary source behind the multifamily sales appetite is private capital. JLL Research’s most recent investment outlook reveals that 60.5% of the investment dollars came from private owners or developers.

Cushman & Wakefield’s report said there was an 18% YoY increase in private investments from Q1 2017 to Q1 2018 (note that this is for all asset classes).

The lion’s share of the growth in multifamily acquisitions was tied up in central business district (read: urban core) high-rise product, the result of investor preference for slightly distressed urban core product due to overbuilding in the urban cores, a trend HousingWire recently reported on. In the graph below you can see a breakdown of investments across product types.

 

Cushman & Wakefield investment sales Q1 2018

 

 

Most Popular Articles

FHFA to make desktop appraisals permanent

Desktop appraisals, a temporary flexibility implemented in March 2020 amid lockdowns and social distancing, will become permanent, the FHFA said today.

Oct 18, 2021 By

Latest Articles

CFPB orders ‘Big Tech’ to turn over payment system plans

The Consumer Financial Protection Bureau issued a series of orders Thursday that will require large tech companies to hand over information on their payments systems to better understand how these firms manage and access users personal data.

Oct 21, 2021 By
3d rendering of a row of luxury townhouses along a street

Log In

Forgot Password?

Don't have an account? Please