Survey Highlights Rent Differences in Top-Rated & Low-Rated Areas...And What Renters Will Pay to Live in an Ideal Location

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.

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Elizabeth Wheeler
Ivan Barratt Appears on Apartment Building Investing Podcast: How the Road to 10,000 Units Begins With the Next One

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.

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Elizabeth Wheeler
More Multifamily Investors Are Ditching Downtown and Heading to the Suburbs

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.

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Elizabeth Wheeler
Freddie & Fannie Update Green Finance Requirements: Plenty of Borrowers Abound

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.

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Elizabeth Wheeler
National Vacancy Rates Higher Than Previous Quarters: How Skilled Property Managers Can Help Keep Your Property Occupied

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.

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Elizabeth Wheeler
Fannie Mae Economic Forecast a Mixed Bag – Growth and Factors that Could Limit It

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.

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Elizabeth Wheeler
BAM CEO Talks in Insightful Podcast About Learning From Major Investment "Mistake"

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.

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Elizabeth Wheeler
Rents Rise but Growth is Slowing - According to May Report

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.

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Elizabeth Wheeler
Rising Interest Rates Affecting Multifamily Borrowers

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.

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Elizabeth Wheeler
Freddie Mac's New Low-Interest Loans to Buoy Multifamily Workforce Housing

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.

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Elizabeth Wheeler
Affordable Assisted-Living Facility Coming to Indy's West Side Thanks to Innovative Financing

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.

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Elizabeth Wheeler
Urban Rental Rates May Not Depend on Proximity to Mass Transit Centers: Residents Finding New Ways to Get Around

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.

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Elizabeth Wheeler
Survey Shows Multifamily Residents Want Green Buildings & Services

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.

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Elizabeth Wheeler
New Floor-Plans & More Space: What's Next for Multifamily Developers & Investors

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.

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Elizabeth Wheeler