Kaizen Asset Management LLC - a division of Øksenholt Capital Inc

I’m proud to be an American.🇺🇸

I'm thrilled to announce that I have started a new position as a Data Analyst Intern at Kaizen Asset Management LLC! I want to take a moment to express my gratitude to Praveen Kolla who has supported and influenced me throughout this Journey. I am incredibly grateful for this opportunity and would like to extend a heartfelt thank you to our CEO, Jon for believing in my potential and giving me this chance to grow and contribute to the team. I'm eager to contribute and uphold the trust placed in me. Looking forward to learning, collaborating, and making meaningful contributions in this exciting new role! #DataAnalyt #Internship #Grateful #NewBeginnings

Tanking tech firms, collapsing banks, rising interest rates and corporate tenants’ preference for other established office submarkets has slowed CRE leasing in Miami's Wynwood, which could lead to trouble for landlords.

WOW! Many big, well-known names mentioned in this article, and not in a good way. At the end of this kind of horrifying article, it says, "More foreclosures are coming, according to Aaron Jodka, research director for Colliers’ capital markets team. As more properties fall, circling vultures will swoop in to pick at the remains. Private equity firms have spun off new funds juiced by family offices and ultra-high-net investors to buy multifamily assets that lenders won’t save."   “There will be pain in order for somebody else’s gain.” Basically saying that when a deal goes bad, and those investors lose out, someone else will snatch it up at a discount and those new investors could gain from that. I am reminded of Ashley Wilson's post from last week affirming that withholding distributions is much better than having to do a capital call. To be clear, neither she nor her company is mentioned in this article. She is one of the good ones. And also it is noted here that communication is essential for investors. Good news or bad news, they need to and want to know what is happening to not be caught off guard. https://lnkd.in/geu43qSd

4️⃣ Four Types of #Multifamily Development That Work in 2024 – Real Page Jay Parsons recently published an article summarizing the four kinds of deals that he forecasts will break ground in 2024. Read the full article here: https://lnkd.in/gNBRDxH3 🏗 At JLL, given our frequent conversations with builders active in #Austin and #SanAntonio, I would largely agree with Real Page’s opinion, summarized below: 1️⃣ “The Story” “Something unique in an area devoid of similar projects. It's like a project that is unique enough (either in location or design) that renters will pay the premium rents over cheaper or concession-heavy comps nearby. “ 2️⃣ “The Low-Cost Basis” “Two project types fit here: A) The developer has "free land" or the development partner might be the long-time land owner. Or B) The developer has successfully reduced its construction costs materially enough to improve yields.” 3️⃣ “The Subsidies” “Subsidized affordable or workforce housing projects are (relatively speaking) the steady eddies of multifamily development – less upside, but reduced risk on the downside. Tapping into federal programs like LIHTC or local/state programs like PFC (Texas) and Live Local (Florida) can be slow and cumbersome. But if you can get those structures in place, the deals can work... and right now it's often an easier sell to investors who intuitively see the logic building at lower rents with tax credits or other subsidies in place.” 4️⃣ “The Long-Term Play” “For developers who are also long-term operators (or merchant builders with an investment partner who is one), the math might be more favorable if your deal structure is less dependent on short-term return. This is why some of the REITs (and other owner/operators) are talking about development again.” 📊 Our equity placement team serves as an excellent benchmark for real-time JV equity deals (completing over $22 billion in transactions in 2022 alone) and I do believe they would agree that we remain incredibly bullish on deals that break ground in 2024. ❗ As pictured below, our in-house research team at JLL lays out the thesis for why we expect outsized rent growth in 2026, which will serve as a strong tailwind for deals that start construction in 2024. This outsized rent growth will largely be driven by growing liquidity and a favorable (lack) of supply. If you’d like access to our full national research report or to speak to one of our equity placement experts, please comment below. JLL Multi-Housing - Central TX Ryan McBride | Robert Wooten Chris Roper | Nick Beardslee | Alex Fernandes

These numbers are a predictor of closed sales in the next two months, so get ready to see an ugly end to the 2023 #housing market. If you're asking -- will sales get better now that rates have dropped a little, my answer is no. The difference between 8% and 7.3% is not enough. Rates need to go lower. Redfin just reported new listings are up 6% from a year ago, which is the biggest annual jump in 2 years, but it's still coming off an incredibly low level. National Association of REALTORS® Lawrence Yun #realestate #realestateinvesting #mortgage #mortgagerates #construction

A few months after founder Zach Haptonstall insisted Rise48 Equity's portfolio was “not distressed,” $256 million of its deals are watchlisted.

Haters make you stronger! Use their negativity as fuel to keep pushing forward. Life's too short to focus on others. Stay focused on your own journey and keep winning!#keepwinning