The single-family rental (SFR) real estate sector went into the pandemic atop a healthy wave of momentum. Since the onset of the pandemic, domestic migration patterns and shifts in housing demand have unilaterally added fuel to the SFR fire.
The Q4 2020 Single-Family Rental Investment Trends Report explores SFR market fundamentals and performance metrics and the outlook for 2021.
The U.S. multifamily market weathered the COVID-19 storm better than other commercial real estate sectors during 2020. Rent growth was slightly down, but renters kept up with payments, boosted by stimulus packages. Sales volume was also down, although property values showed an increase.
Small multifamily lending volume finished 2020 at $55.7 billion, as a surge in refinancing activity muted the severity of the drop-off. Here’s a quick look at Q4 2020 small multifamily investment benchmarks.
In a new special report series, Arbor Chairman and CEO Ivan Kaufman examines the state of the economy and the unique factors impacting our path to recovery. The inaugural piece focuses on what we can expect in the next six to eight months and examines where we have been thus far.
The Q4 2020 Small Multifamily Investment Trends Report notes that small multifamily prices rose again in the fourth quarter of 2020, up 1.6% from the previous quarter and 2.0% year-over year. Read the full report for exclusive research and commentary.
Dallas finished as the top destination for multifamily capital for the second straight year, as Sun Belt markets such as Atlanta and Phoenix continued to attract investors.
Throughout the year we continued to provide unique research and insights into the multifamily market, while expanding our coverage into the rapidly growing single-family rental sector.
From in-depth reports to impactful articles, Arbor is your source for exclusive content about key trends impacting investment within commercial real estate markets, including multifamily, single-family rentals, and affordable housing.
The U.S. multifamily market further solidified itself as the premier real estate asset class in 2018. Rents increased for the third consecutive year, while vacancy rates remained low despite historically high levels of development activity. Low cap rates and rising prices didn’t restrain investment activity. Given the favorable demographics surrounding the sector, multifamily investors can expect these trends to continue in 2019.
As the generation behind Millennials, known as Gen Z, begins to reach adulthood, the apartment market seems ready for a reset. Property managers will need to adjust their strategies to maintain their assets’ appeal.
Small balance multifamily loan volume, which includes loans between $1 million and $5 million, reached $51.7 billion in 2018, the highest level of activity in Chandan Economics’ post-financial crisis estimates. Here’s a quick look at the small balance multifamily finance and investment benchmarks for Q4 2018.
The renewed economic and cultural dynamism of smaller U.S. metros has pulled apartment rents up, while the housing crisis in the Golden State remains unrelenting. Of the 10 metros that showed the highest average rent increases for small apartment buildings, the majority comprised medium-sized urban centers.
Despite significant pressure from rising interest rates through most of 2018, the small balance multifamily market ended the year strong, with consistent liquidity and borrowing capacity. Whether the macroeconomic and real estate cycles continue to lengthen or begin to see a modest pullback, the multifamily sector is poised to outperform other property types.
Multifamily owners and managers gathered for a panel at the NMHC Apartment Strategies Outlook Conference in San Diego to discuss the strategies they’re implementing to attract the right employees and entice them to stay with the organization for the long term.
Speaking at the National Multifamily Housing Council’s 2019 Apartment Strategies Outlook Conference, MIT AgeLab Director Joseph Coughlin discussed how population shifts and changing generational behaviors could be the greatest disruptor for the housing market.
California included four of the five most expensive metros in the nation for apartment rentals, across both small and large asset multifamily.
Small asset multifamily has displayed sound price fundamentals, with year-end 2017 average rent growth maintaining the upward trend of the previous year, according to the latest Census data. Small apartment buildings offer a unique blend of urban-core proximity and relatively larger apartment unit sizes.
When analyzing the top markets for rental growth in the context of market segment peers, smaller metros registered impressive gains in both small and large multifamily as a share of total rental inventory, according to the latest American Community Survey data.