Did anyone say multifamily? The article below is further evidence that cash buyers have excellent opportunity with class B and B+ multifamily investments in a market that is de-levering. Lenders are purging this asset class to re-balance their portfolio. Provided the cost basis is in alignment with future rent expectations, multifamily properties provide sustainable and stable long term cash-flow for the investor if they are managed well.Auction set for 27 Mount Vernon apartment buildings - Baltimore Business JournalAlex Cooper Auctioneers Inc. plans to auction 27 apartment buildings in Mount Vernon...
Rent collections in our Class B multifamily properties suffer from increased unemployment. We've had dozens contact us seeking a payment plan until they find another job. What has been your experience and what have you done to reduce the wake during these difficult economic times?Baltimore-area unemployment rate edges up to 6.8% in December - Baltimore Business JournalThe Baltimore-area unemployment rate increased slightly from November to December,...
Multifamily Cap Rate Compression - Is it on the horizon? As investors compete for the security that multifamily housing provides in this given market, some drivers for overpricing are present: 1.) Decreases in risk/uncertainty measured by increasing rents and falling vacancy, coupled with 2.) Low interest rates and stock/bond returns.GlobeSt.com - Tracking Multifamilys Ever-Widening Spreads - Daily News ArticleWASHINGTON, DC-Yes, we know multifamily is hot right now. But the cap rates for B properties tell a different story--one of a narrowing bid-ask spread.
Multi-family investment is attractive with current market conditions, but often stymied by bureaucratic red tape. Perhaps this will pave the way to fast track projects and prevent overly cautious regulation.Maryland unveils details of $15M affordable housing plan - Baltimore Business JournalGov. Martin O’Malley formally unveiled on Thursday a $15 million plan to build...
The Coming Rental Housing Wave - CoStar GroupWhile widespread recovery continues to elude the housing sector, the apartment market has become one of the real estate industry's -- and the broader economy's -- best hopes for a return to the good o...
Fine Wine Turned to Vinegar - CoStar GroupPremier Pacific Vineyard Management LLC of Napa, CA, is ceasing all operations at its 36 vineyards in California and Oregon by the end of the year and letting go 120 employees. Premier Pacific is a Ca...