Category: Nettamorfasis
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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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Freddie Mac Rate Sheet Update 9-3-2019
Always a moving target, but the target parameters as of 9/3/2019 are as follows; If you see something you would like more information about, please email me at tritoncre@gmail.com and I will get your questions answered.
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U.S. yield inversion deepens, stokes recession fears
By Richard Leong via Reuters.com The U.S. yield curve inversion deepened on Tuesday to levels not seen since 2007, rekindling fears of a looming recession that spurred a sell-off on Wall Street and stoked even more safe-haven demand for…
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Facing Down Challenges in Multifamily Construction
“The most successful jobs are when the contractor, the developer and their consultants work together as a team.” By Tanya Sterling | via Globest.com Developers and contractors used to have something a combative relationship but that has changed, especially in the…
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Multifamily Rent Growth Gets Serious
The average US multifamily rent increased by $12 to $1,465 in June, according to Yardi-Matrix. By Erika Morphy| via Globest.com June was an inflection point for US multifamily rent growth, according to new figures by Yardi-Matrix. Following several months this…
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Multifamily Absorption Reaches 5-Year High
By Erika Morphy | July 08, 2019 at 05:41 AM via GlobeSt.com US apartment demand spiked during the second quarter of 2019 with product absorption climbing to a five-year high, according to RealPage. It reports that net move-ins totaled 155,515 units…
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