Market Intel

Multifamily Investment

Multifamily Outshines Other Assets in Opportunity Zones

The impact of Opportunity Zone incentives is mixed and should be described in nuanced terms, according to a recent report by CBRE. There were 300+ investment funds with targets to raise $50 billion or more to invest in Opportunity Zones as of Q2 2019. Interest in this program was strong

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Multifamily Investment

This Year Could Break a Record for Multifamily Sales Volume

In the first nine months of 2019, multifamily sales volume has been higher than during any other comparable period in the past 10 years. Despite concerns about potentially slowing economic growth and new rent control laws around the country, investors continue to go after apartment properties. The volume of U.S.

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Multifamily Investment

While US apartment rents dip, Phoenix rates continue to climb

While apartment rental rates nationwide are cooling, they continue to heat up in metro Phoenix. The national average rent increased by 3.3% to $1,472 in August compared to the same month a year ago, according to data published by RentCafe, which is affiliated with Yardi Matrix. During that same time

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Multifamily Investment

Phoenix Apartment Activity Is Just Beginning

A recent report commissioned by the National Apartment Association and National Multifamily Housing Council found that the local apartment market contributes $53 billion to the local economy—but that is only the beginning. The Phoenix market is just taking off, and experts believe that demand is going to continue to grow

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Multifamily Investment

How Will the New Rent Control Law Impact SoCal Apartment Investment?

While no regulation is the preference, AB1482 is likely to have little impact on apartment investment trends in Southern California. The State of California has officially passed AB1482, a new rent control bill that will cap annual apartment rent increases at 5%. With the housing crisis roaring on and rents

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Multifamily Investment

Phoenix Apartment Cap Rates at Record Lows

Apartment cap rates in Phoenix have continued to fall to historical lows. According to new research from CBRE, cap rates and returns averaged 5.2% on infill urban product and 5.95% on value-add acquisitions. While these cap rates are still attractive compared to mature primary markets, they are low by Phoenix

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Multifamily Investment

Multifamily Continues to Rule CRE

The asset class posted strong growth for the first quarter of 2019, according to Ten-X Commercial. IRVINE, CA—The multifamily sector showed the most robust growth amongst all CRE sectors—multifamily, office, industrial, retail and hotel—in the first quarter of 2019, according to Ten-X Commercial’s Multifamily Market Outlook. The first quarter of

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