Analysis

Top U.S. Multifamily Rent Growth Markets — Q3 2024

The U.S. multifamily market held steady in a more normalized cycle during the third quarter of 2024. Rental demand remained strong, while new leaders emerged among the top markets for rent growth.

Articles

Top Markets for Wage Growth in 2024

One of the most essential factors multifamily investors need to consider before executing a transaction is the health of the local labor market. Wage growth and other trends are driven by a delicate, constantly adjusting balance of labor supply and demand. In some markets, an inflow of employers can cause wages to spike. In others, population outflows can create the same effect. In this deep dive, we expand on the data findings from the 2024 Top Markets for Multifamily Investment Report, exploring the unique conditions driving metro wage growth trends.

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Current Reports

Top Markets for Multifamily Investment Report 2024

With interest rate pressure easing, quality multifamily investment opportunities have emerged from coast to coast, making identifying the optimal location essential. A roadmap for investors, Top Markets for Multifamily Investment Report 2024, developed in partnership with Chandan Economics, ranks the top 50 metropolitan markets found through an analysis of 10 key factors, including affordability, population growth, and climate risk.

Articles

The Value of a Top Freddie Mac Small Balance Loans Lender

Small multifamily properties play a crucial role in providing affordable and market-rate rental housing across the country. But Arbor and Freddie Mac understood that financing in this sector had historically been fragmented when we partnered to create the Small Balance Loan (SBL) program in 2014. As the program celebrates its 10th anniversary in 2024, Arbor is proud to have helped pioneer the product to meet a critical need for our borrowers. A six-time Top Small Balance Loans Lender, Arbor has the right experience to expertly customize loan products and align your asset’s long-term goals with your community’s needs.

Articles

Top 10 Markets for Undergraduate Apartment Renters

For undergraduate students nationwide, apartments fill the gap in campus housing. Off-campus housing offers a better value proposition in many markets, giving students more space at a competitive price. In other markets, students pursue apartments due to insufficient dormitory space. As colleges and universities acquire and build to keep pace with enrollment, the supply-demand imbalance has created new opportunities for multifamily real estate investment.

Investment

Not Waiting for Normal

Even with the market in flux, opportunities continue emerging for well-positioned investors. Historically, some of the best multifamily deals were closed in down cycles or during the upswing to normalcy. Arbor’s Special Report Fall 2024 details why the current economic climate is ripe for investment.

General: 800.ARBOR.10

A-Rod’s real estate firm to offer rental assistance to tenants impacted by coronavirus

Arbor Realty Trusts rental assistance program

Tenants will have up to 3 years to pay back interest-free advances

UPDATED, June 12, 5:40 p.m.: Retired Yankees superstar Alex Rodriguez is offering some rent relief for tenants impacted by the pandemic.

Rodriguez’s multifamily real estate investment firm, Monument Capital Management, is participating in Arbor Realty Trust’s rental assistance program, which is providing interest-free advances to tenants who have seen their income fall by more than 30 percent due to coronavirus, said Erin Knight, president of Monument Capital.

The program is available to tenants living in Monument properties financed through Arbor Realty Trust, she said. It can be used for May and June rent, and tenants will have up to three years to pay it back.

Miami-based Monument, which owns or manages funds that own about 5,000 apartments in the U.S., will match the amount Arbor provides Monument tenants, dollar per dollar. Arbor will invest $1 million into the program, which benefits properties owned by other landlords in Texas, Tennessee, Virginia, Georgia, Florida and North Carolina. It gives tenants some breathing space if they’re temporarily out of work, and allows property owners to keep their buildings occupied, Knight said.

The majority of Monument’s properties financed by Arbor, which are about 20 percent of Monument’s portfolio, are in Florida, she said. The program is first being offered at Laguna Place in Kissimmee, Florida, just outside of Orlando. Monument owns the property in a joint venture with FM Capital, led by Aaron Kurlansky.

The majority, 93 percent, of Monument’s tenants paid rent in May. Knight said it was too soon to share a figure for June. The company has waived late fees during the pandemic.

Monument’s portfolio is made up of workforce housing, with an average rent of $1,000 a month. Arbor’s program is designed to help tenants paying less than $2,000 a month, Knight said.