Category: commercial real estate
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Apartments Trade in Burgeoning South Florida Market
There’s No Shortage of Supply in Sarasota Image via Costar By Paul Owers CoStar News January 24, 2020 | 04:07 P.M. A newly built apartment complex in Sarasota, Florida, has traded hands for $73 million, the seventh-largest deal in the area’s…
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Why Affordable Housing is Facing a Perfect Storm
Housing costs are being driven up by low supply, increased demand, poor wage growth and a lack of proper financing tools. By Kelsi Maree Borland| January 13, 2020 via Globest.com The affordable housing crisis doesn’t seem to be getting better. At…
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2020 Multifamily Investor Forecast Webcast
CRITICAL CHANGES. INTELLIGENT STRATEGIES. Multifamily Investment at Peak Performance? Can They Sustain the Run? Are Recession Fears Overblown? Risks are Elevated but Fundamentals are also Strong. ‘2/3rds of Millenials (70%) are renters and there are 70 million of them They are…
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CMBS Multifamily Demand Has Roared Back
Sabal is seeing an increase in multifamily borrower demand for CMBS product following the agencies’ summer pause. By Kelsi Maree Borland | November 08, 2019 via Globe St.com Multifamily borrowers are finding alternatives to the agencies. Irvine, California-based lender Sabal Capital Partners recently closed on the…
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Multifamily Gulf Coast of Florida (Tampa-St Pete) 4th Qtr 2019
Multifamily 2019 Outlook Investment Trends • Value-add opportunities remain the focus of many investors. Properties that can be improved through added amenities, management changes or cosmetic upgrades, and have rent adjusted to market rate are particularly desired. Over the…
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As Flood and Terrorism Insurance Programs Near Expiration, Multifamily Borrowers Fear an Increase in Rates
Both federal programs need to be extended for the long-term. Bendix Anderson | Oct 29, 2019 The owners of apartment properties may soon struggle to renew insurance policies for floods and terror attacks, and that may already be increasing the difficulty…
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The National Average Rent Declined for the First Time in Two Years, Dipping to $1,471
October 15, 2019 Written by Irina Lupa via RentCafe.com Key takeaways: The national average rent went up by 3.2% in the past year but dipped by 0.1% month-over-month, reaching $1,471 in September according to data from Yardi Matrix. Apartment rates in a majority…
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Tampa Apartment Sale Shatters Market Record for Price Per Unit
SEPTEMBER 13, 2019|BRIAN ALFORD via Costar.com CoStar Market Insights: Second Premium-Priced Multifamily Transaction in Days Keeps Capital Flowing Into Tampa 500 Harbour Island has sold for a record $440,000 per unit, the second record-setting transaction in Tampa this month. (CoStar)…
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Waterfront Apartments Coming to Tampa Bay Amid Supply Wave
written by PAUL OWERS via costar.com Bainbridge Bayside to Open in August The average rent at Bainbridge Bayside is near $1,900 a month. Illustration: Bainbridge Cos. Preleasing has started for a waterfront apartment community on Florida’s west coast, located in…
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Graves Brothers Company Pays $62.2 Million for Florida Apartment Community
SEPTEMBER 04, 2019|NIGEL DAVIDSON via Costar.com Epoch Residential Sells Lakeside Walk at Bexley Eoch Residential sold the Lakeside Walk at Bexley apartments at 16947 Kettle Ln. in Land O Lakes, Florida, for $62.15 million, or approximately $207,000 per unit, to Graves…
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