Articles

How Multifamily Property Renovations Add Value and Marketability

The ideal time to renovate is when the rental market is strong. With high occupancy rates, borrowers are more likely to quickly realize returns on their multifamily property renovations through higher rents. However, renovating during a market downturn, when rents are often cheaper, inventory is higher, and materials are more affordable, is also a sound strategy.

Current Reports

Single-Family Rental Investment Trends Report Q2 2024

Quarter after quarter, the single-family rental (SFR) sector reaches new heights. From new construction to cap rates, Arbor’s Single-Family Rental Investment Trends Report Q2 2024, developed in partnership with Chandan Economics, details how the sector’s healthy fundamentals create profound optimism in its long-term prospects.

Articles

Arbor Sponsors Smile Farms Golf Outing Supporting Local Employment Opportunities

Arbor, which takes pride in helping employees reach their full potential, was honored to sponsor and participate in Smile Farms’ 10th Anniversary Golf Outing on May 20 at the Plandome Country Club on Long Island, NY, benefiting the Long Island-based organization dedicated to advancing opportunities for people with disabilities.

Articles

New York State’s 2025 Budget Advances Affordable Housing Goals

In April, New York State Governor Kathy Hochul announced a landmark budget agreement heralded as a giant step for affordable housing. New York’s FY 2025 Enacted Budget includes several key policy changes that could create thousands of affordable housing units across the state.

Articles

SFR East 2024: How Economics and Demographics Shape the Rental Market

IMN’s Single Family Rental Forum (East), the cornerstone gathering of the SFR industry, concluded on May 22, 2024, in Miami, FL. Over three days, 1,800 attendees listened to more than 280 speakers discuss all angles of the SFR industry. On the first day of the conference, Arbor’s Tres Seippel, Director, Construction Management, participated in a wide-ranging panel discussion examining economic and demographic forces influencing SFR and build-to-rent (BTR), which also featured Rick Dalton, President of the Dalton Group, Domonic Purviance of the Federal Reserve Bank of Atlanta, Wade McGuinn, CEO of McGuinn Hybrid Homes, and Heather Williams, VP at Willow Bridge Property Company.

Articles

Affordable Housing Market Snapshot — May 2024

As housing costs spiral, rental affordability has become a more urgent issue, burdening a greater number of Americans. With more funding on the way, policymakers and private market advocates are pressing ahead with plans to add units to an increasingly tight housing market.

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Seven Must Reads for the CRE Industry Today (April 18, 2020)

Seven Must Reads for the CRE Industry Today

After lockdown, Chinese shoppers upped their spending at luxury boutiques, reports the Wall Street Journal. A white supremacist has tried to blow up a Jewish assisted living facility in Massachusetts, according to The New York Times. These are among today’s must reads from around the commercial real estate industry.

1. With Coronavirus Lockdown Lifted, Chinese Splurge on Luxury Brands “Spending in China on some of the biggest high-end brands has surged since the country’s lockdown ended, luxury goods companies said, offering hope to an industry that has been slammed by the coronavirus pandemic. LVMH Moët Hennessy Louis Vuitton SE, the industry’s biggest company, Thursday said Chinese shoppers have flocked back to its boutiques in mainland China when most of them reopened in March.” (Wall Street Journal, subscription required)

2. Man Charged with Trying to Blow Up Jewish Assisted-Living Home “A Massachusetts man was charged on Wednesday with trying to blow up a Jewish assisted-living center that had been targeted for attack on a white supremacist website that promoted a ‘Jew killing day,’ federal prosecutors said. The man, John Michael Rathbun, 36, was charged in federal court in Western Massachusetts with two counts of attempted arson after the authorities said he tried to ignite a five-gallon plastic gas canister outside Ruth’s House, an assisted-living home in Longmeadow, Mass., on the morning of April 2.” (The New York Times)

3. Gold’s Gym Is Closing More Than 30 Locations as the Coronavirus Ravages the Fitness Industry—Here’s the List “Gold’s Gym is closing about 30 company-owned locations, it announced in a post on its Facebook page on Wednesday. Like many other fitness chains, it had temporarily closed gyms in March as states across the US announced stay-at-home orders in response to the coronavirus outbreak. The permanent closures do not include franchised locations.” (Business Insider)

4. Computers Were Going to Upend Home Buying. They Didn’t See the Coronavirus Coming “Companies invested billions of dollars in algorithms that were built to snap up real estate bargains and put cash offers on the table while homeowners avoided the fuss and expense of repairs, stagings, showings, and often prolonged appraisal and escrow periods. Zillow’s chief executive officer Rich Barton sounded positively evangelical about the prospects last year.” (Wall Street Journal, subscription required)

5. Arbor Realty Trust Launches Rental Assistance Program “Multifamily lender Arbor Realty Trust and its ecosystem of borrowers and property owners are extending a hand to tenants and families impacted by the coronavirus pandemic, with the launch of a national $2 million rental assistance program. The Arbor Rental Assistance Program will act as supplemental income to existing government rent relief programs, using private capital to fill the loss of income for impacted families, David Lynd, CEO of multifamily development and management firm LYND, tells GlobeSt.com. LYND is an Arbor borrower.” (GlobeSt.com)

6. These Are the Cities Where Stimulus Checks Will Help Homeowners and Renters the Most “Paying off debt such as a mortgage is one of the best ways to use your coronavirus stimulus check, according to financial experts. Unfortunately, for some Americans, their stimulus checks will barely make a dent in their housing costs. A new report from real-estate brokerage Redfin examined how much stimulus checks will help offset housing costs for homeowners and renters in the largest metropolitan areas nationwide. The most recent stimulus package, known as the CARES Act, mandated that Americans receive up to $1,200 in a stimulus check for single taxpayers and up to $2,400 for joint filers.” (MarketWatch)

7. Yardi Releases New Rent Payment Deferral Technology “Real estate tech company Yardi released software this week that aims to streamline that process, allowing residential property management companies to manage and track rent deferral payment plans and recoveries. Yardi Vice President of Residential Consulting Practices Tamara Berndt told HousingWire that any of Yardi’s client bases that are licensed for the Yardi Voyage platforms or RENTCafé platforms are able to use the product. The product sets up a way for landlords to track the monthly payments they are receiving.” (Housing Wire)