Real Estate Syndication is the phrase used to describe the concept of pooling the resources of and bringing together several different real estate investors in order to do a large commercial deal.
Renter incomes continue to grow, but the pace is moderating … and interestingly, the moderating pace of growth mirrors the trend in asking rents. Still, this is an encouraging trend for renter affordability — with household incomes among new lease signers up 8.1% year-over-year in November.
These are the average available rates from eXp Commercial’s Capital Partner CommLoan database of 700+ commercial lenders as of 12/05/22 and are provided for comparison purposes only. Actual rates are dependent on property and sponsor.
Airbnb rolled out a listing service for apartments that will include buildings where short-term sublets are allowed. Landlords who partner with the service will get a cut of the total booking revenue, usually 20%.
Renters insurance compliance is a problem that multifamily can no longer ignore – the risks and costs are far too great to let it continue slipping through the cracks.
It’s the latest this year to illustrate the rise in apartment buildings values even at long distances from downtown Chicago. Collar counties have proven attractive to multifamily developers as of late, who say the jurisdictions provide more certainty regarding property tax costs than Cook County.