The Milken Institute’s Best-Performing Cities series has been used by real estate investors for two decades to identify strong markets and guide future investment. Here’s a look at some of the cities that topped the 2020 list.
UNIONDALE, NY (February 25, 2020) – Arbor Realty Trust, Inc. (NYSE:ABR), a leading multifamily and commercial mortgage lender, recently funded a $19M Fannie Mae Streamlined Rate Lock (SRL) loan in Santa Monica, CA. The refinance cash-out deal for this 34-unit luxury apartment complex features 10 years full term interest only. Garth Davis of Arbor’s San Francisco office originated the deal. “This deal was unique in several ways, but mainly that it is a brand new build in Santa Monica, which is quite rare,” said Davis. “We were able to accomplish this transaction swiftly by negotiating with our long-term Fannie Mae partners to replace the borrower’s construction loan with an attractive permanent solution.” Built in 2019, Pico Eleven Luxury Residences offer amenities such as spacious, brightly lit open floor plans and top-of-the-line appliances. Outdoor features include large private decks and three ocean view community lounge areas with barbecues, firepits and WiFi access. The complex is also conveniently located near shopping venues, local parks and beaches, as well as the Santa Monica Pier Aquarium. About Us Arbor Realty Trust, Inc. (NYSE:ABR) is Read the full article…
NIC data projects a growing need for baby boomers’ senior housing. This generation is expected to explore different healthcare and group living options.
The top U.S. multifamily markets by sales volume included major cities like Manhattan and Chicago, with several Sun Belt metros making the list.
UNIONDALE, NY (February 25, 2020) – Arbor Realty Trust, Inc. (NYSE:ABR), a leading multifamily and commercial mortgage lender, recently financed a Fannie Mae DUS® loan in Homewood, AL. The multifamily property received $15.2M in cash-out refinancing with a 12-year fixed rate. Matt Norman of Arbor’s Bloomington, Indiana, office originated the loan. “Arbor provided for the refinance of a terminating Fannie Mae loan, which afforded the sponsor an opportunity to secure additional funds for future improvements to the property, while maintaining its place as a workforce housing leader in the submarket,” Norman said. The Crescent at Lakeshore Apartments in Homewood, AL, was built in 1967 and renovated in 2013. The 220-unit garden style property includes spacious modern living areas, crown moldings and walk-in closets. It also features a fitness center, swimming pool and playground. Retail shopping and the Birmingham Zoo are nearby. 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) portfolios, seniors housing, healthcare and other diverse commercial real estate assets. Headquartered Read the full article…
Multifamily rental demand is undergoing a multi-generational transformation. While millennials still form the dominant share of renters in the U.S., Gen Z’s impact is growing and will only continue to increase in the years ahead.
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 market, read our fourth-quarter 2019 report.
UNIONDALE, NY (February 18, 2020) – Arbor Realty Trust, Inc. (NYSE:ABR), a leading multifamily and commercial mortgage lender, recently funded a Fannie Mae portfolio in Arkansas. The two housing properties, totaling 111 units, received $5.4M in acquisition funding. The loans have 12-year terms, one year of interest only payments, followed by a 30-year amortization period. Jonathan Chaim of Arbor’s New York City office originated the loans. “At Arbor, relationships are the foundation of our business,” Chaim said. “Through our trusted partnership with Fannie Mae, we were able to secure the best customized solution for each of these properties to align with our borrower’s needs.” Jefferson Court Apartments, located in Pine Bluff, Arkansas, received $2.9M through the Fannie Mae Small Green Rewards Loan program. The 63-unit multifamily property was built in 1971 and includes one- and two-bedroom apartments. It features a pavilion building with storage rooms, a central laundry facility, picnic area and underground parking for residents. Country Estates Manor, located in White Hall, Arkansas, received $2.5M in financing through the Fannie Mae Small Loan program. The 48-unit complex was built Read the full article…
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 multifamily market has arguably been the highest performing asset class of any over the last few years. Apartment rents have climbed 5% to 10% in some markets. Cap rates are at their lowest as investors have poured billions into owning these properties.
Here’s a quick look at the small balance multifamily finance and investment benchmarks for Q4 2016.
The most recent update from the Census Bureau indicates that the small multifamily rental market experienced a steeper year-over-year increase in rents compared to both larger properties and historical trends.
Did you miss Arbor on SiriusXM earlier this month? You can now stream the episode at your leisure.
How inflation impacts commercial real estate; marketing across generations; apartment starts and permits move in opposite directions; and more in this week’s multifamily news roundup.
Though income improvement has recently surpassed rent growth, new research finds that small properties (5 to 49 units) continue to provide a relatively more affordable option compared to large apartment buildings.
How to profit from solar; the seventh inning market cycle stretches on; healthy buildings mean happy tenants; student housing demand ramps up; and more, in this edition of the ALEX Chatter weekly multifamily roundup.
Join Arbor on March 10th at 12:00pm ET for a special episode of The Real Estate Hour on SiriusXM Business Radio.
Secondary markets are home to the fastest inventory growth for the small multifamily (5 to 49 units) asset sector. In this deeper dive into the trend, we provide more details on where exactly these growth markets are.
Despite uncertainty surrounding the election and slowing rent growth in some higher-priced markets, U.S. multifamily properties remained a favored asset class during Q4 2016.