Items Tagged with 'Multifamily sector'

ARTICLES

  • Churches are taking on the affordable housing crisis

    Houses of faith are turning unused buildings and land into affordable housing projects
    Churches are taking a position on the frontlines of the affordable housing crisis, using their land to create new affordable housing developments. According to a report from Reuters and the World Economic Forum, churches around Washington, D.C., have begun to cobble together a new source of affordable housing supply using their land to stave off the affordable housing crisis.
    Read More
  • NREI: Multifamily investors are still okay with low cap rates, but that could change soon

    Current conditions could put an end to the bidding wars raging over multifamily properties
    Despite major activity in the multifamily property purchase market, cap rates have remained largely unchanged since 2017. According to NREI’s analysis of Real Capital Analytics data, cap rates on apartment acquisitions have averaged 5.6% since 2017 with very little variance to date.
    Read More
  • Here's the skinny on Opportunity Zones

    What you need to know about Opportunity Zones: pros, cons, goals
    Opportunity zones are probably the buzziest potential solution for the affordability crisis and local economic stimulus out there at the moment. So, here’s the skinny on how they would work, some of the risks they present and what they are meant to accomplish.
    Read More
  • WSJ: Millennials are opting for all-in-one co-living situations

    Co-living is gaining popularity and increasing the scope of its services, and it seems to be a hit
    Co-living properties are growing in popularity and scope. According to a feature by Christopher Mims in The Wall Street Journal, communities that plan out residents’ social lives and take care of all the little time-wasting adult annoyances that pull at their attention after they punch out are fast carving out a niche for themselves in the multifamily market.
    Read More
  • Freddie Mac restructures multifamily capital markets division, promotes Robert Koontz to SVP

    Freddie Mac folds two divisions into its multifamily capital markets division
    Freddie Mac announced an organizational shift in its multifamily capital markets department business along with the promotion of Robert Koontz to senior vice president of multifamily capital markets. Freddie also announced that its folding two divisions into the Multifamily Capital Markets department under Koontz.
    Read More
  • Mill Creek Residential promotes Steve Prochnow to senior vice president of property management

    Will oversee property performance and seek to increase the value of the Mill Creek portfolio
    Multifamily investment firm Mill Creek Residential promoted Steve Prochnow to senior vice president of property management. As senior vice president, he will be responsible for the day-to-day operating performance of the company’s communities, assisting with community transactions and pursuing operational goals to bolster the value of the company’s assets.
    Read More
  • Apartment List: Nearly 50% of renters are cost burdened

    Number of cost-burdened renters has been inching down, but it's still a problem
    Nearly 50% of U.S. renters are cost burdened and spend 30% or more of their income on housing. According to Apartment List research, cost burden has been inching down for the last six years, but improvement has been incremental. In 2016, the percentage of cost-burdened renters was 49.7%. In 2017, that number fell just two tenths of percent to 49.5%, the lowest since 2007.
    Read More