Steve Boyack

As the multifamily industry evolves, so must its approach to engaging residents on a personal level. Beyond mere information, residents and prospects yearn for meaningful connections and content that resonates personally: rptn.co/K8A6ZABAjHJ

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Join us today (6/13) at noon (CT) as leaders of the National Multifamily Housing Council dive into the evolving narrative of rent control and the latest research findings, and offer fresh perspectives on how rent regulation impacts both housing providers and residents. Learn more and register: https://ow.ly/AGt750ShX38 Sharon Wilson Geno | Caitlin Sugrue Walter, PhD #rentcontrol #rentregulation

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Delve into the 1Q #CRE Fundamentals Update with John T Chang for a comprehensive analysis of property performance metrics, top markets, and future trends. Navigate the ever-evolving landscape of commercial real estate in 2024. Watch more: https://lnkd.in/gNhEt9Fh #commercialrealestate #economictrends #creinsights

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At Archstone, we talk a lot about our “value-add approach” to #multifamily #realestate. But what does that approach actually look like? We break it down step by-step here:

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The #multifamily sector is experiencing several headwinds, including rising construction and operating expenses, a surge in new supply, rising borrowing costs and, in some cases, falling rental rates – but the outlook for 2024 may not be as black-and-white as it appears. Read more: https://lnkd.in/gSBWaxYA #CommercialRealEstate #CRE #RealEstateTrends

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Our approach sets the standard for transformative real estate, creating environments for tenants, residents, partners, and employees to thrive. Watch our latest video to see how Golub is building what's next. #RealEstate #Multifamily #Commercial #Golub | Video Partner: Yelloh Media

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Interesting read.

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According to a new report from RealPage Market Analytics, markets for apartments in urban cores are catching up with their suburban competitors in terms of both occupancy and rent growth. Read on. #housing #multifamily

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INDUSTRY NEWS The NIC Senior Housing Analyst Review and Outlook Series inaugural segment provides insights into the senior housing market from 2024 to 2026, emphasizing the gap between construction pace and growing demand. #SeniorHousing #HousingTrends

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A recent report from BuildingDesign Media, looking ahead to the second half of the year, shows the strength of the #multifamily sector despite some economic challenges. Among the key themes are: --Demand remains steady, but rising supply and financing issues are creating headwinds. --Growth is expected to slow in the coming months, but there will be regional variations based on economic conditions and supply factors. --The economy remains stable and job growth persists, but softening rent growth and occupancy rates are emerging. --And, of course, the industry is continuing to track inflation (which is now down to 3.3%) and interest rates. https://lnkd.in/g32By27V #multifamilydevelopment #multifamilyinvestment #apartments #apartmentliving

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Good news from Altus Group survey? CRE pros indicating that they are ready to buy and sell real estate again In good news for the commercial real estate market, 80% of U.S.-based CRE professionals said in a recent survey that they expect to buy or sell property within the next six months. #darwinpw #corfacinternational #industrialrealestate Read more: https://lnkd.in/gDACCTsZ

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A new report from Cushman & Wakefield supports the findings of various other recent research reports: that demand for #multifamily units is booming, and so is absorption. Q2 2024 was the strongest quarter on record since 2000, and vacancy has reached its lowest point since mid-2021. According to the report, the future looks good, as a resilient labor market stimulates household formation and wage growth. https://lnkd.in/eE_53iTs

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New post available from the research and analytics blog breaking down the Q1 2024 Residential Multifamily (2-4plex) market, including transaction volume trends, appreciation rates, financing patterns, and corporate ownership. Read it here: https://lnkd.in/g_yrW7uB Companies mentioned in the report include Kiavi, RCN Capital, Roc Capital, Lima One Capital. Key highlights: - Transaction volume declined sharply in many metros from Q1 2023 to Q1 2024, with the largest decreases in Joplin, MO (-45.8%), Philadelphia, PA (-41.3%), and St. Louis, MO (-41.1%). However, some metros proved more resilient, such as Milwaukee, WI (-9.1%) and Dallas, TX (-17.4%). - Median price per square foot appreciation from 2019 to 2024 varied widely across metros. New Haven, CT (92.0%), Miami, FL (91.9%), and Providence, RI (87.6%) saw the largest increases, while New Orleans, LA (-9.1%), Minneapolis, MN (12.6%), and San Francisco, CA (15.8%) experienced the smallest gains or even decreases. - Private lenders have been gradually increasing their participation in multi-family financings, with leading lenders like Kiavi, RCN Capital, and ROC Capital each completing more than 1,000 deals since January 2019. - The metros with the highest percentage of corporate multi-family purchases since January 2019 were Indianapolis, IN (49.3%), St. Louis, MO (48.3%), and Atlanta, GA (47.7%), suggesting attractive yields and economies of scale in these markets. - In contrast, metros with the lowest corporate ownership shares, such as Sacramento, CA (9.5%) and San Francisco, CA (10.9%), have higher entry prices and lower yields.

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According to a new report from RentCafe, between 2021 and 2024, the office-to-multifamily conversion pipeline swelled from 12,100 units in progress to well over 55,000. Read on. #housingmarket #housing #multifamily

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As we consider the current administration’s proposal to implement a rent control mechanism, capping rents at 5% for owners of 50 or more units, it is crucial not to lose sight of the many other challenges contributing to the growing affordability crisis. There has been no shortage of criticism on this plan on LinkedIn, grounded in years of well-founded research and opinions from numerous housing experts across the nation. Almost unanimously, the consensus is that imposing national rent control will exacerbate existing housing shortages—now averaging 1.5 million units nationwide—and increase, rather than decrease, affordability. I encourage you to read the attached article from the National Association of Home Builders (NAHB), which offers a ten-point guide as a blueprint towards equitable housing. Pay special attention to points #1, #5, #6, and #8. While every point on the NAHB’s guide is significant, those I highlight have been responsible for adding over 40% to multifamily development and over 20% to single-family development in regulatory costs alone. In Puerto Rico, these costs are even higher, further complicated by grossly inequitable fair market rents that are unsustainable at any level. Rent cap legislation was also introduced fairly recently, ignoring the massive disfunction in permitting, land-use restrictions, approvals and archaic zoning statutes, amongst others. This isn’t rocket science; it’s a matter of supply and demand. With high demand and limited inventory, we all know who ends up paying. #NAHB #ACPR #affordablehousing #realestatedevelopment #multifamily #singlefamily #puertorico #realestate #housingcrisis #apartments #homebuilding #housing #housingpolicy

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The latest NAIOP Office Space Demand Forecast projects that net demand for office space will shrink by 11.8 million square feet over the last three quarters of 2024 and will contract an additional 4.5 million square feet in 2025. Tenants have had several quarters to adapt to hybrid schedules and adjust their use of space accordingly. The forecast's authors expect that economic factors will increasingly drive leasing decisions going forward. However, persistent inflation, high interest rates and the continued possibility of a recession suggest the office market is not likely to rebound this year. #office #cre https://lnkd.in/eBzNVQHf

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