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58,000 Loans and $525 Billion
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 Cap Rates Stabilizing?
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 .…
Best Practices: Leasing Tours
The digital age in which we live has transformed everything, including lease tours at rental properties. Many owners and operators offer on-line links highlighting their property’s units, amenities, and common areas. Pretty cool that you can tour properties in …
Proposed TRAX Lines in Salt Lake City
Salt Lake City is booming. All one need do is drive around to see all of the apartments being constructed seemingly everywhere. With more apartments come more people, more cars and expanded transportation needs …
Bringing EV Charging Stations to Multifamily Properties
A great article from the Multifamily Dive e-newsletter (I highly recommend you subscribe…it’s free). The article addresses the extent of the need for multifamily properties in providing EV (electric vehicle) charging …
What? No Rate Cuts?
So what if the Fed doesn’t cut rates in 2024? Is it the end of the world as we know it? Obviously not but Charlie Rose of Invesco Real Estate opines that far more properties would come to market as a refinance at a much higher interest rate that may not …
$500 Billion
Loans valued at $500,000,000+ on more than 58,000 multifamily properties will mature before the end of 2029. Those are staggering numbers. Loans on approximately 6,800 properties valued at $150 billion are coming due before the end of 2025 …
Lessons From a 40-Year Property Management Veteran
The author is Wendy Drucker of Drucker + Falk, a firm that manages 40,000 units across ten states. Drucker has held numerous positions in the family-owned company. She cites four primary lessons she’s learned after …
Property Managers: Two Parts to the Equation
The attached speaks to three things property managers can do to keep their owners happy: handle stressful communications with residents; assuring the owner that the work is ongoing, be it the management and …