Developers will likely delay starting new apartment projects until they see strong employment growth.
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INVESTORS AVOID FIXER-UPPER APARTMENTS. COSTAR ANALYSIS SHOWS BUYERS FLEEING TO SAFER MIDDLE-TIER PROPERTIES. Apartment investors are getting nervous about buying fixer-uppers
The National Multifamily Housing Council (NMHC)’s Rent Payment Tracker found 89.0 percent of apartment households made a full or partial rent payment by June 13 in its survey of 11.4 million units of professionally managed apartment units across the country.
With some unemployment benefits from the CARES Act set to expire at the end of next month, industry groups are pushing for more federal aid.
The buyer, a private investor, was secured and represented by Randolph Taylor, associate, and multifamily investment specialist in Marcus & Millichap’s Chicago Oak Brook office.
The continuing long-term decline in turnover has accelerated recently due fewer tenants moving because of the COVID-19 economic downturn