As commercial real estate investors move further out on the yield spectrum, they are increasingly considering the single-family rental (SFR) asset class. Large portfolio transactions have made headlines in recent years, yet individual investors still own 80% of the SFR marketplace.
Young adults in multifamily properties are less likely to still be living with their parents compared to the overall young adult U.S. population, which includes those in owner-occupied homes and all rental housing.
A growing share of older renters is living alone, with small asset properties experiencing robust gains from this demand segment.
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While a large share of millennials still lives with roommates, this age group is beginning to move out on their own or starting families as they age.
Smaller multifamily properties have grown their share of non-family households. On the other hand, large properties are appealing most to married couples. The share of renters living with roommates continues to rise across all apartment property types.
Despite a slowdown in CRE Collateralized Loan Obligation (CLO) issuance over the last six months, industry participants expect activity to pick up and ultimately result in flat volume of $15B to $17B to end 2019, noted several panelists at IMN‘s 1st Annual Investors’ Conference on CRE CLOs.
Freddie Mac recently announced the launch of Freddie Mac Optigo℠, the new name for its lender network and loan products. As part of the Freddie Mac Optigo network, Arbor will continue to offer you customized multifamily financing solutions to meet your unique investment needs.
Las Vegas led the nation in rent growth in 2018, at 8.6% year-over-year. This strong performance was largely driven by strong population growth and a high concentration of prime-age workers. The addition of new supply to the market resulted in a slight uptick in the vacancy rate, but it remained among the lowest nationally.