BAM CEO and founder, Ivan Barratt, appeared this week on the MultiFamily Leadership Podcast hosted on Multifamily.com. Ivan shared insider experience, his passion for the industry, as well as some of his “secret sauce” for succeeding.
A recent RentCafė survey shows that while many corporations have moved to urban centers to lure high-quality workers and talent, a high percentage of those surveyed indicated that they cannot live in their preferred location: near work, namely due to cost. The RentCafė survey shed light on the rental rate disparity between top-rated and low-rated areas in the country's major cities.
Barratt Asset Management (BAM) founder and CEO, Ivan Barratt, made a recent appearance on the Apartment Building Investing podcast with host Michael Blank. Ivan shared his own industry experience, what he wishes he'd done differently, his unique methods of raising capital through relationships, plus advice he'd offer to people thinking about jumping into multifamily investing.
If you're a multifamily investor, you may want to pack up your plans for that pricey downtown property and expand your horizons to include the suburbs – where investments (and rent) are heating up. Thanks to an over-supply of luxury Class A properties in downtown urban areas, more and more renters are seeking urban-lite experiences in the 'burbs and investors are doing well to oblige them.
A recent piece in Real Estate Weekly (REW) points out that although the FHA has instituted new multifamily lending caps this year vs last, those same caps don't apply to Green Finance programs. We've written previously about investors turning to green financing for their projects. This article notes that both Fannie Mae and Freddie Mac continue to update and upgrade their green finance incentives and given the benefits to borrowers, they'll have plenty of customers seeking loans.
He's at it again! BAM founder and CEO, Ivan Barratt, recently sat down on the Lifetime Cash Flow Through Real Estate Investing podcast with host Rod Khleif. Ivan shared his thoughts about what it takes to succeed in the field, the realities of financing, and advice he'd give to anyone considering making the leap into the world of investing.
According to MFE data, the national apartment vacancy rate sits at 4.7% in quarter one of this year. It's a fairly significant rise from the low we saw in the third quarter of 2016 when vacancy rates were at 4.1%. Yet for property owners, the property managers can step in and leverage planning and skill to ensure your property occupancy retains a low turnover rate.
According to a recent press release put out by Fannie Mae, the economic and housing forecast created by the Fannie Mae and Strategic Research Group remains consistent: economic growth is predicted for the remainder of 2018. Yet concerns of rising construction costs, implemented tariffs, and rising interest rates demonstrate the risk of rain in an otherwise sunny forecast.
Barratt Asset Management CEO, Ivan Barratt, recently sat down with Joe Fairless for an interesting one-on-one podcast about how even a mistake in real estate investing can be a positive down the road. You can find the podcast in its entirety HERE at the Best Ever Show site. If you don't have time to listen to the whole podcast, we hit the high notes with some of Ivan's take-aways, so hopefully you can learn from what he calls one of the “biggest mistakes” in his impressive career.
The Fed raised interest rates this week, with an expected two more increases to come later this year. The increases, according to an article appearing in The New York Times (NYT) and the head of the Fed, Jerome Powell, demonstrates the confidence in the current strength of the country's economy.
After the last official class passed the doors of Broad Ripple High School, the building's time as a school seemed to be over...or is it? Currently, according to current information from the Indianapolis Business Journal, developers are eager to bid on the old school – but a restrictive law may prevent IPS from cashing in on some much-needed funds.
Based on the Yardi Matrix May report, rents are rising and are up nationwide by $4 to an average of $1,381. Yet despite the welcome news of rental rate increase, the positive picture is somewhat tempered by the comparative rates at the same time last year – as well as other factors affecting rent growth like oversupply and slow wage growth.
For multifamily investors, the loan climate isn't quite as sunny and favorable as it has been in the last few years. A recent article in National Real Estate Investor (NREI) online showed that rising interest rates are affecting loan size, factors, and also determining who can get the best deals. BAM looked at how the changing interest rates are hitting real estate loans and how it may make it tougher for smaller players to get into the game.
Investors in multifamily workforce housing will soon have a new financing option thanks to a recently-announced Freddie Mac program. Appearing online in the Wall Street Journal (WSJ) as well as MultifamilyExecutive.com (MFE), the promising Freddie Mac program will offer borrowers the incentive of a lower-rate loan in return for keeping rents at an affordable level in this housing class.
With caveats for lending attached to building Class B multifamily properties, and with the majority of new inventory delivered being Class A, finding a quality Class B property and employing a value-add strategy can be the best path for real estate investors.
Indianapolis will soon be home to a brand new affordable assisted living home for seniors, courtesy of some unique financing and planning. According to a recent article announcing the plans in MultiHousingNews (MHN) online, Oasis at 56th will grace the city's west side with one of the few assisted living center's in the entire country to receive financing via HUD's low-income tax credit.
Typically, renters in urban areas have demanded – and been willing to pay for – convenient access to mass transit. This has translated to multifamily properties with higher rent in these areas; however, a recent article featured in National Real Estate Investor (NREI) online wonders if this reliable fact of city-dwelling soon won't be taken for granted anymore.
A survey conducted in 2017 among AMLI residents revealed that a large majority of them saw living in a sustainable multifamily property as “very important.” While we wrote recently about how seeking so-called green financing can benefit investors and developers, it would seem that designing a green, sustainable property is important and inviting to residents – and that could pay off for investors as well.
BAM's founder and CEO offers insight and wisdom gained from a career in the multifamily industry and learning from both success – as well as from failures. From successful investment strategy to property management and team building, Ivan Barratt gives his unique perspective in this podcast those interested in growing their real estate business will appreciate.
Within the next decade, the multifamily industry will see more Baby Boomers retire and downsize, more multigenerational families, more renters opting for roommates, and more young and immigrant families: what does this all mean for new property construction? According to recent data in a piece in MultiFamilyExecutive online, all these groups are finding the traditional studio and one-bedroom apartments undesirable in a quest for more livable space.
In a recent blog article, we wrote about finding the perfect fit for a mixed-use property so your retail meshes well with your multifamily interests. In a timely article of their own, National Real Estate Investor (NREI) online recently wrote about just why it is that mixed-use properties are growing in popularity as a specific type of investment property.
When it comes to a mixed-use building, having the right retail in place is key – but how do you decide what that is? According to a recent piece in MultiFamilyExecutive (MFE) online, it's as simple as finding the concept that people will enjoy. Sounds simple, but as with anything, there's a bit more to it than that.
If you're considering a multifamily value-add investment property, you might want to consider (or are already looking into) a “green loan” or so-called “green financing.” A recent piece in National Real Estate Investor (NREI) online shed some light on how popular this type of financing has grown in recent years and how it can benefit the value-add investor.
Looking for the outdoor design trends that will be topping the list in 2018? The American Society of Landscape Architects (ASLA) recently released a survey they conducted this year, from late February to early March with over 800 participants.
The Indianapolis Apartment Association (IAA) recently held their Maintenance Mania event – a day focused on the dedicated and hard-working maintenance staff that provides a vital, invaluable service to the multifamily industry.
When it's time to make big changes at your property, you should consider a variety of factors such as the reasons behind your rebranding, as well as how you'll do it – for you to successfully upgrade your community and create a welcoming property.
If you've paid attention to all the hype about Millenial renters, you might miss out on other demographics which are also signing leases in significant numbers; making sure you market and plan for a wide variety of tenants is the best way to ensure higher occupancy. A recent article in Multi-HousingNews (MHN) addresses this and points out that there are ways for rental communities to appeal to any renter.
Recently, National Real Estate Investor (NREI) published a piece on how investors in the multifamily market are being forced to seek opportunity away from larger markets and in smaller properties – often leading to workforce housing.
As the IBJ reported recently, Indianapolis was chosen to take part in a collaborative venture with other cities to improve transportation. The Transportation for America's Smart Cities Collaborative encourages cities to work together and use innovative technology and policies to improve city transportation. As we've mentioned previously, renters in urban areas appreciate transportation options as part of the reason they may relocate or even stay in their current lease.
As we've reported before, advances in technology are impacting the multifamily rental industry and recently a new article in MultiHousingNews cites a survey showing exactly the tech renters want most – and what they're willing to pay for. The article in MHN reports that most renters surveyed said they'd pay more for apartment communities that have specific tech upgrades they're looking for.