Now as old as 26, Generation Z is on the cusp of reshaping the rental market as they leave the nest in increasing numbers. In fact, it is the only generation adding rental households, while the amount of millennial renters has already peaked. Gen Z, the first digital natives, is poised to become the most influential demographic in the multifamily rental market.
ESG at Arbor The history and culture of Arbor Realty Trust, Inc. provide a solid foundation for our ESG framework. Our origin is that of a small company with an entrepreneurial spirit and meaningful partnerships with those who align with our investing goals and strategy. While we have grown significantly over the last 25+ years, we have retained that core spirit, which has attracted and allowed us to retain a talented and diverse employee base and continuously reaffirm our commitment to several programs that support ESG, including affordable housing across the United States. It is indeed the relationships with our employees, counterparties, and clients that inform our business decisions as we move forward, and enable us to clearly see the path to our goals of contributing to sustainability, being profitable, and maximizing shareholder value. Arbor strives to maintain these fundamental constructs that have brought us great success while realizing those areas in which we can continue to grow and develop as an exemplary corporate citizen. Our dedication to corporate social responsibility and sustainability is clearly evidenced through some of our Read the full article…
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The state of housing affordability in the U.S. has continued to erode as a growing wave of supply-driven policies offers hope of a solution on the horizon. A closer look at the nation’s overall housing needs underscores the increasing urgency of the situation.
Driven by investor confidence in multifamily housing’s long-term fundamentals, the volume of debt outstanding in the sector has grown by nearly 150% since the end of the Great Recession. As this piece will detail, where investment dollars have flowed, housing demand has followed. Through an analysis of newly released U.S. Census Bureau American Community Survey data, our research teams pinpoint the growing size and scope of the largest rental housing property type.
Even as the single-family rental (SFR) sector has attracted increased investor activity, the total number of SFR households has moderated due to the influence of overarching housing trends.
In this video, Dr. Sam Chandan, Founding Director of the C.H. Chen Institute for Global Real Estate Finance at the NYU Stern School of Business and non-executive chairman of Chandan Economics, discusses key takeaways from Arbor’s Affordable Housing Trends Report Fall 2023.
The pandemic-era federal and state eviction moratoriums put extreme financial pressure on many in the affordable housing sector. With that issue stabilized and with the recent drop in rates, “many borrowers are now finding that the time is now right to recapitalize or close new affordable housing loans that many borrowers had understandably delayed,” said Arthanais Williams, Managing Director of Affordable Housing at Arbor Realty Trust.
Small multifamily rent growth is fueled by the asset class’ proximity to job centers, larger unit sizes and relative affordability to other rental property types.
Small multifamily properties are growing the quickest as a share of rental inventory outside of the largest U.S. metro markets.
While the majority of U.S. rentals are located in a handful of large metros, small multifamily is growing the quickest in smaller U.S. metros.
An attractive combination of affordability, location diversity and larger unit sizes are giving the small multifamily asset class broad appeal.
Small multifamily plays a critical role in offering more affordable rents in Greater Los Angeles, as housing affordability remains a concern in the region.
Annualized small multifamily lending volume reached $57.8 billion in Q3 2019. Here’s a quick look at the quarter’s small multifamily investment and finance benchmarks.
Annualized small multifamily lending volume jumped to $57.8 billion in Q3 2019. Read our Q3 2019 Small Multifamily Investment Trends Report for more insights on the multifamily sector.
New York City’s small multifamily inventory mostly consists of older, pre-war buildings, while large apartment buildings tend to be newer.
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.