Category: Multifamily Property

Video: Architecture, Engineering, and Design firm Stevens & Wilkonson Chairman Ron Stang Discusses Mixed-use Development in Multifamily Today

Sep 30, 2019 - Multifamily Property - 0 Comments - Standard

 In this episode, Ron Stang, Chairman of Stevens and Wilkonson, joins the show’s host Michael Bull to discuss the multifamily property sector, including cycle outlook, generational drivers in the market, new technology for multifamily, issues with affordability, density conditions impacting multifamily, mixed-use development, adaptive reuses, workforce housing, and multifamily construction costs. The conversation revolves […]

RentCafe July Rent Report Shows Multifamily Rent Growth Slowing; Miami Shows Largest Increase in South Florida

Aug 19, 2019 - Multifamily Property - 0 Comments - Standard

The complete report can be viewed here. Some highlight relevant to Miami and South Florida overall include: The usual suspects open the list of the most expensive areas to rent in South Florida. In July, Fort Lauderdale rents have reached $1,948, and those in Miramar, $1,886. Davie is rapidly catching up, with rents averaging $1,829, […]

Video: RealPage Market Analysis Manager Carl Whitaker Provides Multifamily Outlook

Jul 11, 2019 - Multifamily Property - 0 Comments - Standard

 Carl Whitaker, Manager of Market Analytics with RealPage, providing property management software solutions for the commercial real estate industry, joins the host of America’s Commercial Real Estate Show to discuss the multifamily market, including investment performance, supply, and rent growth. A chart is displayed showing growth of supply, dominated by the western United States, […]

Miami Rent Levels Above National Average; Hialeah the Exception

Jun 07, 2019 - Multifamily Property - 0 Comments - Standard

The April Rent Report issued by RentCafe shows Miami rent levels as above the national average, except for the submarkets within it of Pompano Beach and Hialeah. Rents across the United States saw an upwards move of 3% versus last year to an average of $1,436 per month. As area multifamily investors are gleefully aware, […]

Video: May 2019 Multifamily Update by RealPage Deputy Chief Economist and VP of Asset Optimization Jay Parsons

May 31, 2019 - Multifamily Property - 0 Comments - Standard

 Deputy Chief Economist and VP of Asset Optimization at Real Page Jay Parson discusses the multifamily property market, touching on topics like rent growth, urban vs suburban multifamily trends and observations, construction costs, and apartment supply levels. He talks about the wide difference today between class A and class B properties, with a 40% […]

Video: Crown Bay Group Managing Partner Steve Firestone Provides an Operator’s Perspective on Class C Multifamily Investing

May 10, 2019 - Multifamily Property - 0 Comments - Standard

Steve Firestone, Managing Partner with Crown Bay Group, joins Michael in Studio One to discuss tips for managing and investing in C-Class apartment properties also referred to as workforce housing. Crown Bay Group typically has 200 to 400 C+ to B- multifamily housing. He notes that they’ve seen great rent growth in recent years. He […]

Video: Bainbridge EVP & COO Discusses Multifamily Development Opportunities

Apr 02, 2019 - Multifamily Property - 0 Comments - Standard

 Kevin Keane, Executive Vice President and COO with the multifamily developer Bainbridge Companies, joins Michael on America’s Commercial Real Estate Show via Skype to discuss opportunities in multifamily development, construction costs, and lender sentiment.  Bainbridge develops “basically along I-95,” from Miami to New Jersey. He discusses how construction costs, particularly materials and labor, are […]

Video: Discussion of Multifamily and Housing from Expectations and Market Realities Outlook Report of NAR, Deloitte, & Situs RERC

Mar 23, 2019 - Multifamily Property - 0 Comments - Standard

 Observations and expectations related to multifamily and housing as discussed in the report, Market Expectations and Realities, a combined effort of NAR, Deloitte, and Situs RERC, are discussed, The discussion is held by George Ratiu, Director of Quantitative & Commercial Research with the National Association of Realtors® (NAR). He talks about the continued strength in […]

Video: An Updated on Multifamily Finance from Grandbridge Real Estate Capital SVP Tom Walsh

Mar 05, 2019 - Financing, Multifamily Property - 0 Comments - Standard

Tom Walsh, SVP of Grandbridge Real Estate Capital LLC, joins this commercial real estate video cast to talk about how multifamily properties are performing ,lender sentiment for financing such properties, and expectations for the multifamily financing environment, including interest rates, in 2019. He notes that multifamily financing remains “very much of a Fannie and Freddie […]

Chart: Multifamily Construction Hovering at Multi-Decade Highs

Feb 28, 2019 - Multifamily Property - 0 Comments - Standard

Multifamily housing units under construction remain near multi-decade highs, driven by strong demand. The second chart below shows commercial real estate indices, with apartment prices outperforming other markets. pic.twitter.com/dDJPj9KuUD — Edward ‘Tj’ Gerety III (@EdwardGeretyIII) February 27, 2019

Video: RealPage Deputy Chief Economist and VP of Asset Optimization Jay Parsons Provides Multifamily Update

Feb 12, 2019 - Multifamily Property - 0 Comments - Standard

 Jay Parsons, Deputy Chief Economist with RealPage, joins Michael to discuss the multifamily market, including vacancy rates, rent growth, and more. He comments how in the face of impending doom the multifamily keeps on chugging along. Occupancy is at a healthy 94.4% overall, up 40 basis point year over year. Rent growth has accelerated, […]

Video: Yardi-Matrix BI Director Doug Ressler on Multifamily Market Trends

Jan 24, 2019 - Multifamily Property - 0 Comments - Standard

Doug Ressler, Director of Business Intelligence at Yardi-Matrix, appears on America’s Commercial Real Estate Show to discuss trends in the multifamily market, including market fundamentals, demographic trends affecting multifamily fundamentals, and opportunities for multifamily in growing markets. He first discusses general trends, generally predicting a firm market in the near term. He feels rental rates […]

South Florida Multifamily Rents Increase 4.5% in 2018 vs. 3.1% Nationally

Jan 18, 2019 - Multifamily Property - 0 Comments - Standard

RentCafe just published its year end rent report. The top line for area multifamily investors again got a boost. In Miami, apartments now cost $1,684 per month, a 4.5% increase from the prior year. By comparison, average rent grew 3.1% nationally. Within the South Florida area, Doral registered as the city with the highest average […]

Video: RealPage Director of Analytics Jay Parsons on Whether the Multifamily Sector Remains Viable

Aug 27, 2018 - Multifamily Property - 0 Comments - Standard

New supply of multifamily property units, changing demographics, and rising interest rate levels are all combining to have a big impact on the multifamily market. Jay Parsons, Director of Analytics at RealPage, a company that provides property management software solutions for multifamily, commercial, single-family and vacation rental property owners, appears on America’s Commercial Real Estate […]

Video: RealPage VP Jay Parson on U.S. multifamily property outlook

Jun 09, 2018 - Multifamily Property - 0 Comments - Standard

 In this video, RealPage Vice-President Jay Parsons, whose company provides property management software solutions, discusses multifamily property sector performance. Parson discusses rent growth, how the job market is impacting the sector, supply and demand trends, multifamily property property class outlook, new multifamily construction trends and costs of construction trends, cycle outlook, generational drivers in the […]

Video: Bainbridge Companies VP/COO Kevin Keane Bainbridge Discusses Multifamily Properties for 2018

May 23, 2018 - Multifamily Property - 0 Comments - Standard

In this America’s Commercial Real Estate Show episode, Bainbridge Vice President and Chief Operating Office Kevin Keane discusses the multifamily sector, including demand drivers, development trends, regional trends, technology for units, issues with affordability, community access points, parking, ride share, labor shortage, construction costs, and rising rates. The Bainbridge Companies, founded in 1993, is a leading owner, […]