Widening Return Premiums Renew Investor Focus on Acquisitions Over the past decade, the market for single-family rentals (SFRs) has evolved. In a few years, we will likely look back and consider 2019 to be the sector’s inflection point, where it transitioned from a niche, alternative asset class to a mainstream property type. For exclusive insights on the SFR sector, download our “Q4 2019 Single-Family Rental Investment Trends Report.” Explore key highlights, including: Occupancy Trends Cap Rates LTVs & Debt Yields SFR Construction Activity
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Year-end 2019 estimates for small multifamily lending volume reached $59.2 billion, beating the prior quarter’s forecast by $1.4 billion and marking the highest level of activity in Chandan Economic’s post-crisis model estimates. Download the Q4 report for key insights on the small multifamily market.
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UNIONDALE, NY (February 11, 2020) – Arbor Realty Trust, Inc. (NYSE:ABR), a leading multifamily and commercial mortgage lender, recently funded 13 agency loans totaling $17.2M in Newark and Paterson, New Jersey. The Newark Portfolio, comprised of six mixed-use and multifamily properties in Newark, NJ, received $11.3M in acquisition funding through the Freddie Mac SBL product. Terms included a five-year fixed rate followed by a 15-year adjustable term. 10 Kent Street – This 18-unit multifamily property received $2M in funding. The three-story complex is in close proximity to New Jersey Institute of Technology. 741 Clinton Ave. – This mixed-use property received $1.5M in financing. It includes 20 residential units and some commercial space. 6 Longfellow Ave. – This mixed-use property received $1.4M in funding. It features 13 residential units and two commercial spaces. 8 Monticello Ave. – This mixed-use property received $2M in financing. It is made up of 20 residential units and six commercial spaces. 232 Shephard Ave. – This multifamily property received $2.5M in funding and includes 22 residential units. 268 Stuyvesant Ave. – This multifamily property received $1.8M Read the full article…
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The U.S. multifamily market posted strong results to end 2019, with the fourth quarter seeing 3.7% year-over-year rent growth.
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UNIONDALE, NY (February 5, 2020) – Arbor Realty Trust, Inc. (NYSE:ABR), a leading multifamily and commercial mortgage lender, recently funded a Fannie Mae DUS® Green Rewards acquisition loan in Las Vegas, NV. The mid-rise, multifamily property received $13.4M in financing with a 10-year fixed-rate and four months of interest only payments. Greg Gillam of Arbor’s Manhattan Beach office originated the loan. “Echelon at Centennial Hills isn’t the typical garden style apartment commonly found in this market. While this presented a layer of complexity – in terms of finding suitable comparative properties for appraisal – Arbor’s team delivered,” Gillam said. Built in 2008, Echelon at Centennial Hills offers one, two, three- and four-bedroom units, with washers and dryers, walk-in closets, vaulted ceilings, granite countertops, and stainless steel appliances. The complex has a resort-style pool and spa, cabanas, sun deck, clubhouse and fitness center. It is in close proximity to local parks, restaurants and entertainment. About Us Arbor Realty Trust, Inc. (NYSE:ABR) is a nationwide real estate investment trust and direct lender, providing loan origination and servicing for multifamily, single-family rental (SFR) Read the full article…
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The JCHS 2020 report underscores the national affordable housing crisis. It points to growing numbers of renters with high incomes as well as those who are cost-burdened.
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Small multifamily promotes greater accessibility to housing for workforce households than large multifamily. About 62% of all small multifamily households made less than $50,000 annually.