As fall earnings season comes to a close, we take a look at the 10 themes apartment REITs and REIT analysts discussed. From economic pressures to resident retention, here are the themes that illustrate how apartment performance has changed, including a few refreshed themes from the fall 2021 earnings season, and what it means as we head into 2023.
by Randolph Taylor
Despite a drop in demand, the apartment sector continued to record healthy rent growth, although at a slower pace.
by Randolph Taylor
That combination of high cost and uncertainty has given the idea of loan assumption more appeal among those who can afford it — and with the higher level of equity often required, relatively few investors can, Wealth Management reports.
by Randolph Taylor
Undoubtedly, these U.S. midterm elections are consequential, but for commercial real estate, there is really only one issue at play: the economy.
by Randolph Taylor
>Improvements don’t always have to be extensive and costly, like a new clubhouse or fitness center. Some of the best ways to add value to a property are simple, cost-effective improvements
by Randolph Taylor
"Multifamily is going to stay strong. The reason being, it now costs over $300,000 a unit to build a new stick-built apartment. Three years ago, that was the median price of a single-family home in the United States.Housing Shortage + Young Workforce = Need for Housing InnovationThe young workforce – the Millennial workforce, the Gen Z – cannot buy housing. They have student loan debt. They don't have the credit. They don't have the cash savings, and they can't afford a 7% mortgage.Rents are going to continue to rise 6-8% and 10-12%, especially in markets like Texas and Florida and other inland markets where the workforce is going."Related: Multifamily's Prime Target? Aging Millennials https://creconsult.net/market-trends/multifamilys-prime-target-aging-millennials/
by Randolph Taylor