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 when it debuted, in short, but since then that eagerness has translated into a more realistic and nuanced approach to investment. The impact of Opportunity

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Economy

Arizona ranked No. 1 inbound state in the nation

A recent American Enterprise Institute (AEI) comparison ranked Arizona the number one inbound state in the nation. The inbound-outbound ranking is determined by the percentage of people moving to the state versus those leaving in 2018 based on Census Bureau data. The comparison also reviewed indicators related to tax and regulatory friendliness, business climate, affordability and job opportunities and found inbound states like Arizona generally vast outperforming their peers. “With hundreds of new residents and

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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. multifamily acquisitions in the first nine months of 2019 was higher than during any other comparable period since this expansion cycle began a decade ago.

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Economy

Mesa thrives in the center of the commercial real estate boom

The Mesa community is comprised of several master-planned communities including Taylor Morrison, Shea Homes, Marcay Homes, Meritage Homes, Pulte Homes, Woodside Homes, and ranked once again at No.7 in the nation and No.1  in Arizona is Eastmark by RCLCO, Top-Selling Master-Planned Communities. This development is one of the largest residential developments in the nation.  It is a community that was built on rich connections and creativity that continues to evolve.     According to Wallethub, it

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Development

The New Tech Companies Disrupting CRE

At the GlobeSt Apartments conference, tech companies went head-to-head in a shark-tank-style competition. Commercial real estate tech companies went head-to-head once again for Tech Tank at GlobeSt Apartments. The shark tank-style round up features emerging technology companies presenting their unique concepts to investors. This year, Tech Tank included Iotas, Salto Systems, ButterflyMX, Zerv and Starry. Each presenter was given equal time to present and answer questions from investment judges. Apartment video intercom system ButterflyMX kicked

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Development

Take the Bite Out of Unreported Pets

Property management teams can mitigate liability and lost revenue through pet audits and software platforms. In a perfect world, every resident would properly report pets when they move into an apartment community. They would also report any pets they acquire or sit during their stay, and they would never consider trying to sneak a pet into the community under the guise of a service or an assistance animal. But perfect worlds don’t exist outside of

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Multifamily Investment

Why Secondary and Tertiary Markets Present a Compelling Multifamily Investment Opportunity

The affordable and workforce housing shortage isn’t limited to primary markets. Cities like Los Angeles, San Francisco and New York City are often top of mind when thinking about our nation’s affordable housing crisis. But the affordable and workforce housing shortage isn’t limited to the country’s primary markets. Secondary and tertiary markets such as Austin, Texas, Charleston, S.C., and Raleigh, N.C. are also experiencing a significant need for more supply as residents struggle to find

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Development

Top Markets, Small and Large, Under the Radar for Multifamily Development

Recent data from Meyers Research points to lesser-known hot spots for multifamily. Seeking the brightest heat lamps for real estate action typically conjures a list of the usual suspects—Dallas, San Francisco, Seattle, and Washington, D.C. But experts are now looking at numbers from what used to be considered secondary markets and finding a new outer ring of boomtowns. Kimberly Byrum, a managing principal specializing in multifamily with residential market data firm Meyers Research—owned by MFE’s

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Development

Single-Family Rentals Compete with Traditional Apartments in Phoenix’s West Valley Submarket

Multifamily developers continue to build at a vigorous pace in the Phoenix metropolitan area, but a unique segment of the market, single-family rentals, is gaining traction in the suburbs like the West Valley submarket. Of the 1,660 units currently underway in the submarket, about 42% is attributed to single-family rentals. Christopher Todd Communities is the developer behind the three single-family rental projects currently underway in the West Valley submarket. Two of the projects are in

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Multifamily Investment

What Real Estate Investors Need to Know When Renting to College Students

College students are a high-risk, high-reward market for real estate investors. The image of the rowdy party host in a ramshackle apartment may keep some investors away, but not all college renters are like that. What’s more, college town real estate can be a lucrative investment if you find the right tenants and have the right strategies for mitigating risk and communicating your expectations clearly. Great college rentals are possible, but not without knowing your

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