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.
Arbor offers SRL options to help borrowers manage interest rate risk with greater flexibility. SRL is available on fixed-rate loans for the acquisition or refinance of stabilized conventional multifamily properties.
Rental demand for Baby Boomer-Senior renters is most concentrated in affordable, amenity-rich large apartment properties in smaller metros.
Arbor is not just another commercial and multifamily lender, but your financial partner that personally works with you to customize the right loan solution, deal after successful deal. For close to 25 years, Uniondale, NY-based Arbor Realty Trust, Inc. (NYSE: ABR) has helped multifamily and commercial real estate clients achieve their financial goals by focusing on growing long-term relationships and conducting business as not simply another real estate lender, but as a partner. We value our clients to such an extent that we’re more comfortable calling them partners, and their relationships with Arbor are the foundation of our business.
The U.S. multifamily market further solidified itself as the premier real estate asset class in 2018. Rent increases continued and vacancy rates remained low, despite high levels of development activity. Investment sales reached record-high volume levels, amid low cap rates and rising prices.
Panelists at Ariel Property Advisor’s recent Coffee & Cap Rates℠ event in New York City reflected on the city’s rental market performance in 2018, as well as the factors and trends set to impact the sector this year, including interest rate volatility, as well as market and regulatory uncertainty.
Smaller metros offer a balance of affordable apartment rentals and growing economic opportunity that is increasingly catching the eye of transient Millennials. Millennials comprise an increasing share of the adult rental population moving from larger to smaller urban centers across asset types.
The Las Vegas multifamily market led the nation with the highest rent growth during 2018, driven by strong migration trends and a high concentration of prime-age workers. A rise in new construction bolstered a slight increase in the vacancy rate, yet it remained among the lowest nationally.
Arbor’s nationwide experience and expertise allow us to customize multifamily financing wherever your portfolio takes you.
Bronx,
NY
Freddie Mac SBL
|
$1-5M
Bronx,
NY
Freddie Mac SBL
|
$1-5M
Miami,
FL
Freddie Mac SBL
|
$10M+
Brooklyn,
NY
Freddie Mac SBL
|
$5-10M
Bronx,
NY
Freddie Mac SBL
|
$10M+
San Antonio,
TX
Fannie Mae DUS
|
$10M+
Leon Valley,
TX
Fannie Mae DUS
|
$5-10M
Hickory,
NC
Fannie Mae DUS
|
$10M+
Raleigh,
NC
Fannie Mae DUS
|
$5-10M
