Articles

Video: Dr. Sam Chandan Discusses Investment Opportunities in Multifamily

As the interest rate outlook brightens, unique opportunities for outsized returns abound, Dr. Sam Chandan, Founding Director of the C.H. Chen Institute for Global Real Estate Finance at the NYU Stern School of Business and the Non-Executive Chairman of Chandan Economics, explains in this top-level overview of Arbor’s latest Special Report.

Current Reports

Affordable Housing Trends Report Winter 2024/2025

Continually challenged by low inventory, affordable housing sits at a crossroads following the 2024 election. Incoming leadership plans to introduce market-based principles to an agenda that may also include an expanded Housing Choice Voucher program. Arbor’s Affordable Housing Trends Report Winter 2024/2025, developed in partnership with Chandan Economics, provides insight into a pivotal multifamily sector about to embark in a new direction.

Articles

Investors Upbeat on Multifamily as Rate Cuts Stimulate Deal Activity

The skies surrounding commercial real estate markets are clearing, suggest the Emerging Trends in Real Estate 2025 (ETRE 2025) findings. As pandemic-related structural changes settle into place, cyclical economic trends, such as interest rates, demand, and construction levels, are now the key drivers to watch.

Articles

Annual Build-to-Rent Starts Hit Another High in Q3 2024

As more single-family rental (SFR) operators rely on build-to-rent (BTR) development to supply new inventory, construction starts have steadily risen, reaching another record high in the third quarter of 2024. SFR/BTR construction has eclipsed 92,000 units in the last four quarters — an all-time high and an annual increase of 31.4%.

Articles

LIHTC Program: An Impactful Affordable Housing Financing Resource

As renters face a national shortage of 7 million low-income rental homes, the U.S. Department of Housing and Urban Development’s (HUD) Low-Income Housing Tax Credit (LIHTC) program is pivotal in helping to close the affordability gap for renters. It is the nation’s most significant resource for affordable apartment housing construction, which gives state and local agencies approximately $10 billion in annual budget authority to issue tax credits for affordable housing development.

Articles

FHFA Loan Caps for 2025: What Multifamily Borrowers Need to Know

The Federal Housing Finance Agency (FHFA) announced a $3 billion boost to Fannie Mae and Freddie Mac’s volume cap for loan purchases in 2025 to $146 billion ($73 billion for each agency). This increase in FHFA loan caps for 2025 aligns with industry expectations, given the anticipation of improving market conditions and lending activity expected in a lower interest rate environment. Next year’s cap for the Government-Sponsored Entities (GSEs) is an increase of approximately 4% from the $140 billion limit set for 2024.

Analysis

U.S. Multifamily Market Snapshot — November 2024

The U.S. multifamily market held steady in a more normalized cycle through the first three quarters of 2024, following its skyrocketing recovery from the pandemic-related contraction. Rental demand remained strong, driven by the continued nationwide housing shortage and strong wage growth, while the high levels of new construction seen over the last two years appears to have peaked.

Current Reports

Small Multifamily Investment Trends Report Q4 2024

Small multifamily’s normalization pushed forward last quarter as the Federal Reserve made a long-awaited reduction to the target federal funds rate. Arbor’s Small Multifamily Investment Trends Report Q4 2024, developed in partnership with Chandan Economics, shows signs of stability have multiplied. Robust rental demand, a limited supply of quality affordable housing, and several other promising developments should support the subsector’s strength heading into 2025.

General: 800.ARBOR.10

Monument Capital Management Partners with Arbor Realty Trust to Offer Rental Assistance to Residents within Their Multifamily Portfolio

Arbor Realty Trust to Offer Rental Assistance

MIAMI, FL – Monument Capital Management, an A-Rod CORP company and one of the country’s premier fully integrated real estate investment firms, has partnered with Arbor Realty Trust to provide rental assistance to residents within their multifamily portfolio who have been impacted by the COVID-19 crisis.

The innovative program, called The Arbor Rental Assistance Program (ARAP), provides advances to tenants to fill rent gaps during the months of May and June. The program is available to current borrowers of Arbor Realty Trust, such as Monument.

Arbor is contributing $1 million in total to the program and borrowers like Monument will match on a dollar-per-dollar basis whatever funds Arbor provides to renters. The program leverages private capital to fill gaps for at-need individuals.

Tenants must meet the requirements of the program to qualify for the interest-free advances, with a payback period of up to three years.

“It has been our goal from the onset of this crisis to engage and work with our tenants,” said Erin Knight, President of Capital. “We are proud to be collaborating with Arbor’s extraordinary initiative to provide some temporary relief to individuals and families who have been financially impacted.”

Monument’s first rental community in which it is deploying the program is Laguna Place in Kissimmee, Florida, near Orlando. Laguna Place is a joint venture community for Monument with FM Capital, a national company that focuses on debt acquisitions, direct lending, and equity investments.

“We believe supporting our tenants is not only appropriate but our duty,” adds Aaron Kurlansky, Principal of FM Capital. “While we are extremely bullish on the workforce housing market, this is something we all need to work through together.”

“As one of the most active lenders in the industry offering workforce housing loans, we want to do our part to help ease the burden for those who’ve been severely impacted by COVID-19,” said Ivan Kaufman, President and CEO of Arbor Realty Trust in a prior statement. “For those who have unfortunately lost income and are temporarily unable to meet their rent obligations, we are looking to provide some much-needed relief until they can stabilize their situations.”

Individuals at Monument Capital Management-owned apartment communities are encouraged to contact their community management team for additional information.