The article provides backup for the high cost of unit turnover at apartment properties and cites three primary factors contributing to the cost: increased utility expense (owner paying for utilities in vacant units), lost rent (an obvious factor) and increased marketing costs .…

Markerr, an apartment rental forecasting firm, evaluated future rents related to their list of the Top 100 apartment markets in the county (Markerr Forecast). Markerr is forecasting .…

An in-depth look at the capitalization rate and the various ways it can be determined, calculated, or estimated. The article also provides information on how the cap rate can be used to determine the value .…

Approximately 40% of all renters are still writing checks to pay their rent. The cost of processing checks and the time required by the staff to reconcile rent payments made by check are two reasons .…

The article posits that waiving fees and not reducing rents is the best way to attract residents while maintaining property value as stabilized rent levels aren’t affected (while Other Income is). The article provides .…

When I was at Sperry Van Ness about 15 years ago, David Frosh was the president of the national brokerage firm. Not only was Frosh a charismatic leader he was also incredibly well informed and helped SVN grow .…

Everyone knows current growth in Utah is unprecedented. All one has to do is drive around: apartments are being constructed everywhere (16,000+ units are under construction in April-2024 with 8,000+ .…

Between now and the end of 2029, 58,000 multifamily loans with a (current) book value of $525 billion will come due. The $525B amount is one-half of the total outstanding debt secured by apartments which exceeds $1.0 trillion. Between now and the end of .…

Are capitalization rates stabilizing? That’s the $64.00 question for sellers, buyers and brokers. In 2023, transactional volume for most property types was down by 80%+. Thus far in 2024, transactional volume hasn’t picked up dramatically but it ‘feels’ different to .…