Market Intel

Apartment Tenants Are Transitioning to Short-Term Leases

partment tenants with pending renewals are beginning to opting for short-term or month-to-month leases rather than long-term leases, according to the latest survey from the National Apartment Association, which found that nearly 35% of landlords said that some portion of tenants renewing leases signing short-term lease structures. The previous monthly

Read More »
Intel

Rents are Falling Near College Areas As Millions of Students Stay Home

Student housing landlords are feeling the pinch of the pandemic as college students are reluctant to move back to campuses across the country and many universities are delaying the start of in-person classes. College dorm food is getting replaced with mom’s cooking as 2 million more young Americans lived with

Read More »
Intel

Renters Are Hungry for Balconies During Pandemic

Amy Erixon, the president of global investment management at Avison Young, didn’t have to go too far out on a ledge to figure out the coronavirus might be driving demand for balconies. “The things that you would not rent without or are essential and you must have really reflect the

Read More »
Intel

Big apartment sales picking back up in Valley after pandemic panic

Big apartment deals are finally picking back up in metro Phoenix after drying up during the early months of the coronavirus pandemic, experts say. Closings of large transactions were few and far between in late spring and early summer, according to Vizzda LLC’s real estate database, but more of those

Read More »
Intel

Apartment Developers Scout Adaptive Reuse Possibilities

It’s too soon for most developers to sign a contract to buy a failed hotel—but apartment developers are watching and waiting for prices to drop to buy other property types damaged by the economic crisis to redevelop into multifamily buildings. Even before the crisis, apartment developers were eager to buy

Read More »
Intel

Apartment Owners Are Getting Slower and Lower Rent Payments

Apartment rent collections during the coronavirus pandemic are unfolding as a deterioration rather than a collapse that some industry executives expect to keep worsening in coming months. The National Multifamily Housing Council said Wednesday 86.2% of renters made a payment this month through Sept. 13. That’s an increase as expected

Read More »

Cracks Emerge in Multifamily Sector Under COVID-19 Pressure

A recent analysis by a pair of Moody’s experts highlights what could be the first sign of pandemic-induced stress on the multifamily sector. While the sector continues to hold up better than retail and lodging, the uptick in delinquency for this group is raising concern. That’s the take on the

Read More »

For Long-Term Apartment Investors, This Market Presents Opportunity

Long-term apartment investors are finding opportunity in the current market. With cheap debt and some assets trading at a discount, real estate investors that typically employ a long-term-hold strategy are well positioned to acquire properties in the current market. This segment of investors has driven investment activity through the pandemic,

Read More »