The U.S. multifamily market continued to slow during the second quarter of 2023. Rent growth retreated from the skyrocketing pace of the last two years, although still remained positive alongside continued high rental demand.
Arbor has originated billions of dollars in multifamily loans over the last three decades through our long-term partnerships with Fannie Mae, Freddie Mac, and the U.S. Department of Housing and Urban Development (HUD), consistently outperforming quarterly projections. Known industrywide as a top multifamily lender, Arbor has the unique ability to maximize investment portfolios with the type of personal touch not seen anywhere else.
Through the first half of 2023, market disruptions have had limited impact on the overall performance of the small multifamily subsector even as prices fell and cap rates climbed. Arbor’s Small Multifamily Investment Trends Report Q3 2023, developed in partnership with Chandan Economics, delivers data-driven analysis on the subsector’s structural health, shaping its positive outlook.
Multifamily Lender Strives to Leverage Strong Performance to Attract Top Boston Talent BOSTON, MASSACHUSETTS – July 31, 2023 – Arbor Realty Trust (NYSE:ABR) announces a new and larger office location at 501 Boylston St., a historically significant Class A property close to Copley Square in Boston’s lively Back Bay neighborhood. Arbor, which has 15 offices in cities across the United States, moved its 88-member Boston team from 1 Lincoln St. in expectation of the team’s expansion and growth, and with the recognition that Boston’s thriving economy and talent pool is also creating opportunities in our core business of multifamily lending. Boston has had 8.5% annual rent growth through April 2023 and is presently the third-tightest multifamily rental market in the United States, our proprietary research reveals. This past Friday, Arbor Realty Trust reported an outstanding second quarter and a dividend increase to $0.43, reflecting a 12th increase in the last 14 quarters. Join Us – Arbor is Hiring in Boston and Nationally Are you interested in a career in multifamily lending? Arbor is hiring in Boston and at many other locations. Advance your career Read the full article…
After the historic rental housing bull run of the 2010s and the early 2020s, the open question is: can it maintain this momentum over the next cycle? While the answer is highly debatable, trends in demographics, preferences, and market conditions show the presence of significant tailwinds that will continue to propel investment prospects forward. Chandan Economics, Arbor’s research partner, analyzed historical data from the U.S. Census Bureau to project how Generation Z could impact the future of the rental housing market.
Did you know that insurance costs for owners, operators, and developers of rental housing have climbed by an average of 26% over the last year? Rising interest rates and other economic headwinds make 2023 different than other years. If you need to acquire or renew rental property insurance, there are a few things you should know.
Last month, the Department of Housing and Urban Development (HUD) announced the removal of the $25 million loan amount cap for transactions under the Low-Income Housing Tax Credit (LIHTC) Pilot Program. Heralded as a massive win for affordable housing, this opens the door to more investment in a sector where tenant demand outweighs available supply.
Multifamily rent growth for the U.S. overall was up 7.9% year-over-year during the third quarter of 2021, as Sun Belt markets continued to drive the recovery.
Las Vegas remained one of the nation’s top multifamily performers in the third quarter of 2021, with among the highest rent growth among large markets. After a brief pause at the onset of the pandemic, investors once again flooded into the market as sales volume neared a pace to reach 2019’s record high. The market also rose to the top of our Arbor-Chandan Large Multifamily Opportunity Matrix in 2021.
The SFR sector remained strong in the second quarter of 2021, as record demand led to surging rent growth and improving cap rates.
After falling four consecutive quarters, effective rent growth finally turned positive during the second quarter of 2021, although remained down year-over-year. The vacancy also improved, driven by strong apartment demand and new household formation.
After falling four consecutive quarters, U.S. multifamily rent growth finally turned positive during the second quarter of 2021.
The Q2 2021 Single-Family Rental Investment Trends Report delves into the SFR market’s fundamentals and performance metrics through the first half of the year. Access exclusive research and analysis by reading the full report.
Annualized 2021 estimates of new lending volume on small multifamily loans are on pace to finish the year at $57.1 billion. Here’s a quick look at Q2 2021 small multifamily investment benchmarks.
The Charlotte multifamily market has consistently been one of the nation’s top performers over the last several years. It’s strong showing continued in 2021 as the market recovered from the COVID-19 pandemic and subsequent recession.
The Charlotte multifamily market has consistently been one of the nation’s top performers over the last several years, and that trend continued as the market recovered from the COVID-19 pandemic and recession.
As the optionality of the single-family residential market grows to match that of the multifamily/condo space, professional SFR operators have their foot on the gas for what looks like yet another record-setting year.