Industry News

Rent Growth Normalized Month to Month in August

Article by:  Mary Salmonsen While apartment rents are still rising, they are doing so at a much more moderate rate now than in 2021 and early 2022, according to Jay Parsons, vice president, head of economics and industry principles at RealPage, in a report. Same-store asking rents for new leases rose by 0.4% between July and August…read more

A Look at Miami’s Hot Multifamily Investment Market

Article by:  Bendix Anderson Whopping rental rate spikes caught the eyes of many apartment investors and even with the pace of growth likely to slow, overall fundamentals remain attractive. Read the full article:  https://bit.ly/3dIMm4r

Family Offices Turn Focus Away from Office Towers and Toward Industrial

Article by:  Patricia Kirk The bullishness of industrial as an asset class is highly attractive to high-net-worth, family office and institutional investors, and it continues to grow in investment capital at the expense of other sectors, especially office. Read the full article:  https://bit.ly/3fmqfRA

Maturing CMBS Loans Face Bigger Refinancing Hurdles

Article by:  Beth Mattson-Teig Across all property subsectors, there will be refinancing challenges for properties with already low NOI relative to existing debt. Read the full article:  https://bit.ly/3DYiziG

Inflation Surprise Means More Pressure Ahead For Commercial Real Estate

Article by:  Jarred Schenke U.S. inflation stubbornly rose again last month — even as energy costs dropped — all but ensuring that the Federal Reserve Board will raise its benchmark interest rate by 0.75% at its meeting later this month. Read the full article:  https://bit.ly/3ffzL99

Rising Rent Prices are Keeping Inflation High

Article by:  Madeleine Ngo Housing keeps getting more expensive — and even though new data shows that overall price increases are slowing down, surging rent prices underscore how difficult it could be to bring inflation under control. Read the full article:  https://bit.ly/3DPTtCM

Capright Attends IPAVision in Nashville

Lots of new entrants (including some big players) are wading into new private real estate investment vehicles like Non-Traded REITS, Business Development Companies, Interval Funds, 1031-DSTs, and Private Debt Funds. How will products in these alternative sectors fare now that interest rates are rising and and transaction activity is slowing? Capright teammates Douglas Ticus, MAI, MRICS, Kris Oxtal, MAI, Steve…read more

Multifamily’s Prime Target: Aging Millennials

Article by:  Meagan Bowden Aging millennials make up the largest renter cohort, so why aren’t developers and investors taking their preferences into consideration? Read the full article:  https://bit.ly/3S5ZMGi