The small multifamily market has experienced rapid change over the course of this cycle due to improved access to capital, favorable demand and a dramatic step-up in operating efficiency. This new annual report takes a closer look at the sector’s performance by breaking out the top-50 U.S. metros into three tiers and analyzing the markets in terms of origination volume, cap rates, debt yields and more.
Multifamily properties made up 75% of New York City’s rental market. Large multifamily was concentrated in Manhattan, while small multifamily was more evenly distributed among the five boroughs.
Small Multifamily Market Has Impressive Performance Over This Cycle During this expansion, the small multifamily sector has experienced improved access to capital, favorable demand and a dramatic improvement in operating efficiency, solidifying the sector’s standing as an attractive asset class. The “2019 Metro-Level Small Multifamily Investment Trends Report” breaks down the top U.S. metros into three tiers to provide a closer look at the small multifamily sector’s performance over this cycle. The report offers proprietary data on: Originations Cap Rates Debt Yields Expense Ratios
The National Investment Center for Senior Housing & Care (NIC) provides data showing recent trends in independent living and assisted living.
Single-family rental residents have enjoyed a rise in national rental affordability during this cycle, with rents as a share of household income declining.
ULI and PwC’s Emerging Trends in Real Estate 2020® report reveals the top markets and trends to watch according to top industry players.
Arbor Realty Trust has created the Arbor Small Multifamily Price Index (ASMPI), in partnership with Chandan Economics, to provide new and important data on the small multifamily market that can help shed light on potential investment opportunities in the sector.
Q: What is the Arbor Small Multifamily Price Index (ASMPI)? A: The ASMPI estimates the average price appreciation for small multifamily properties on a quarterly basis, by comparing small multifamily cap rates and small multifamily rents. Q: What is an index? A: • An index starts with an assigned base, then increases or decreases with the change in value. In the case of the ASMPI, a base value of 100.0 is assigned to Q1 2000. • For example, if the ASMPI stood at 100, then increased 5.0% during the quarter, the new value would be 105. Likewise, if the index decreased 5.0%, the new value would be 95. • Other frequently used indices in the real estate industry include the S&P CoreLogic Case-Shiller Home Price Index and the Consumer Price Index. Q: What is the purpose of the ASMPI? A: • Given the lack of affordable rental housing supply to meet the robust demand, the index’s quarterly data provides insights on potential investment opportunities in the property sector. • The index fills an important need in the marketplace 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.
Apartment amenity trends; analyzing rent costs in every country; rental affordability by U.S. city; and the murky relationship between wage and job growth.
With $35.4 billion worth of multifamily investment sales, Q1 2016 was the strongest first quarter ever recorder for the apartment industry. Secondary markets and suburban properties represented much of that growth.
The multifamily market has experienced a nearly unprecedented run since the end of the recession. Multifamily growth has been driven by age related demographic trends, homeownership is nearing its lowest point in nearly half a century, and foreign investment reaching new highs.
New Fannie Mae and Freddie Mac multifamily caps should drive sales in 2016; NYC’s zoning code turns 100; rent growth slows in larger markets.
Most new multifamily construction has focused on delivering large, amenity-rich properties. As the small asset (5 to 49 unit) apartment stock ages, the potential for value-add investment increases.
Millennials and Retirees Drawn to Luxury Rentals, and Developers Respond MarketWatch – May 12, 2016 “If there’s a new apartment building going up in your neighborhood, chances are you can’t afford to live there. Much of the new rental apartment stock that hit the market last year was of the high-end, luxury variety — and that trend doesn’t appear to be slowing down, according to a new report.”
The size of an apartment property can tell you a lot about how its tenants earn a living. Larger assets typically mean larger incomes.
Here are our weekly picks for must-reads relating to the apartment industry, and a few items we think you’ll just find interesting.
Here are our weekly picks for must-reads relating to the apartment industry, and a few items we think you’ll just find interesting.
Submitting a comprehensive rent roll is one way to ensure the fastest access to multifamily financing. Here’s what a great rent roll looks like.