Small multifamily lending volume reached an annualized $60.2 billion, on pace to not only break 2020’s total, but also 2019’s pre-COVID peak. Here’s a quick look at Q1 2021 small multifamily investment benchmarks.
Small multifamily lending volume reached an annualized $60.2 billion, on pace to not only break 2020’s total, but also 2019’s pre-COVID peak. Here’s a quick look at Q1 2021 small multifamily investment benchmarks.
Our 2021 single-family rental outlook forecasts that the market will continue to grow as it attracts institutional investors and brings on professional managers to improve operations.
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Multifamily permitting in the first three months of the year averaged 530,000. At this rate, permit totals are on track to exceed 2020 levels.
Arbor 360° Success Story: Large Multifamily Acquisition With Bridge Financing Experienced multifamily owners needed short-term financing to acquire and reposition a large multifamily community The property was achieving below-market rents and in need of interior and exterior upgrades Arbor’s bridge financing helped the borrower complete renovations and increase property value See the full results by viewing the Success Story.
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Supply/Demand Imbalances Fuel Rising Valuations, Rents for Single-Family Product Single-family rentals (SFR) maintained momentum through Q1 2021. High demand drove strong property performance, which supported pricing, while occupancy rates across SFRs averaged 94.5% in the first quarter. For exclusive insights on the SFR sector, download our “Q1 2021 Single-Family Rental Investment Trends Report.” Explore key highlights, including: State of the Market Occupancy & Rent Growth Build-to-Rent Trends Outlook
U.S. multifamily rents continued to decline in the first quarter of 2021, although vacancy rates increased only slightly and remained near historically low levels. Cap rates tightened during the quarter, remaining at historical lows, while property values continued to accelerate higher.