3650 Capital’s Post

With fewer than 500 units expected to be delivered in 2025 and about 1,000 units in 2026, our Founder, Aaron Galvin, discusses what that means for Chicago's Class A multifamily market in Bisnow's latest article. Check the article out here: https://lnkd.in/dwYhwDiH #ChicagoRealEstate #Chicago #RentGrowth #Multifamily

Hey guys! This might come as a surprise to some of my tech friends... Over the last few years, I've acquired well over $100MM worth of multifamily properties alongside my business partner and long-time close friend, Reed Goossens. We bring our own capital and outside investment capital from accredited investors (Do you earn over $200k/year, or $300k with your spouse, or have assets over $1MM? Congratulations, you're accredited!) and have a 10-year track record of providing investor returns just above 20%, with a boatload of tax breaks benefiting high earning W-2 employees. We're proud to say that even in a down market for commercial real estate we've continued to outperform! Our latest deal is in San Antonio, Texas, and is called "The Broadwater @ Salado Creek" (formerly "Las Brisas"), a boutique rental community offering 176 one and two-bedroom apartment homes in a two-story garden-style layout. This sprawling 17.7-acre urban greenspace oasis is located in the North Central neighborhood, directly adjacent to its namesake, the gorgeous Salado Creek Greenway, and less than 20 minutes away from downtown San Antonio. Here's a couple of highlights: Fantastic investor returns:  -Equity multiples of 2.01x-2.12x -AARs of 20.27%-22.42% -We’re also offering a “pure cashflow” investment class with 10% fixed returns. Strong Sponsor Market Experience: As a business, we’ve bought and sold over 1200 units in this market and we know it like the back of our hand. Practically speaking, this lowers overall deal risk and juices potential returns. Long-Term Owner (~12 years): Complacent ownership, focused on maintenance rather than revenue-increasing improvements. They haven’t pushed rents, which are ~15% below market comps, offering immediate upside. Massive Value-Add Upside: This “black canvas” is a value-add dream that we’re going to turn into a cash cow. All 176 classic units are primed for renovations and forced appreciation. The dated amenities are ripe for a refresh, and the ample greenspace opens endless possibilities for new amenities. Opportune Market Timing: Prices for multifamily apartment properties have fallen more today than during the 2008 Global Financial Crisis. For investors willing to “be greedy when others are fearful”, this presents an attractive buying opportunity with the potential for outsized returns above our projections, with limited further downside. Want to find out more? Download the Prospectus - https://lnkd.in/gk8ixZsW Join our LIVE investor webinar May 14th - https://lnkd.in/gF-JTENd Shoot me DM!

Starlight Investments has placed a portfolio of 26 multifamily assets with 2,643 housing units in eight Ontario and British Columbia markets up for sale, reported Real Estate News Exchange (RENX). "If a transaction is closed, it would almost certainly be one of the largest of the year for the sector. Starlight and representatives of TD Cornerstone Commercial Realty Inc. and CIBC WM Real Estate Ltd., which have been retained exclusively to facilitate the sale, declined RENX’s interview requests regarding the portfolio and listing." "The portfolio is comprised of: 1) 12 properties with 775 units in Toronto; 2) two properties with 324 units in Mississauga; 3) three properties with 394 units in Hamilton; 4) four properties with 658 units in Kitchener; 5) one property with 100 units in Waterloo; 6) two properties with 242 units in Guelph; 7) one property with 57 units in North Vancouver; and 8) one property with 93 units in Nanaimo." https://lnkd.in/gh5fCcyt #canada #multifamily #portfolio #sale

U.S. apartment construction is expected to hit a historic high of more than 500,000 new units this year, a new study from RentCafe found, and the Dallas Metroplex is helping lead the surge. The influx represents a 9% increase compared to last year and a 30% jump from 2022. The Metroplex ranked No. 2 among major metro areas with an expected 32,932 rentals to be completed in 2024. The bulk of those rentals, more than 5,200, are in Dallas, while Fort Worth has more than 4,600 rentals and Frisco is expected to open 2,000 new apartments. #Dallasrealestate #DallasRealtors

Turning Dreams into Real Estate: The Jackson Street Revival Ten years ago, nestled in the quieter parts of downtown, Jackson Street was just another neighborhood with untapped potential—forgotten by investors and overlooked by homebuyers. That was until Tony stumbled upon what would soon become one of the most rewarding projects of his career—a dilapidated, century-old house that most would walk away from. The Challenge: When he first saw the property on Jackson Street, it was hard to see past its worn-down façade and overgrown yard. But beneath the surface, he saw a diamond in the rough. The house was structurally sound, rich in character, and located in a neighborhood with a promising future, thanks to planned urban developments. The Vision: His vision was clear—to restore the house to its former glory, modernize it for today’s family, and help rejuvenate the neighborhood in the process. He envisioned a home that could blend historic charm with modern efficiency, creating a space where a new generation of homeowners could thrive. The Transformation: The renovation was extensive. They refinished the original hardwood floors, restored the large, wrap-around porch, and updated the interiors with energy-efficient appliances and smart home technology. The landscaping was designed to be low-maintenance yet inviting, enhancing the home’s curb appeal. The Impact: Upon completion, the property sold within days for twice the investment cost. The new owners, a young family, were thrilled to be part of a vibrant community. But the success of the Jackson Street project went beyond financial gains. It sparked interest in the neighborhood, leading to more investments and a renewed community spirit. The Takeaway: This project taught Tony the power of vision and perseverance. It showed him that even the most unlikely properties could turn into homes filled with laughter and love. More importantly, it reinforced the belief that our work in real estate isn’t just about buildings—it’s about building communities. The Invitation: For anyone hesitating to take that first step into real estate investment—don’t let fear stop you. Like the Jackson Street house, sometimes the greatest potentials are hidden. With a solid plan and a bit of grit, you too can turn real estate ventures into remarkable successes. #tuesday #successstory

HOUSTON’s HOUSING SHORTAGE‼️ Houston’s real estate landscape is shifting, and savvy investors are taking notice! 🏗️📉 While apartment construction in Houston has slowed down sharply in 2024, driven by high borrowing and construction costs, the demand for quality housing remains robust. 🏠💼 ### Why Houston? Despite the current slowdown—a 70% decline in new apartment starts compared to 2023—Houston is still grappling with a significant housing shortage. This gap presents a golden opportunity for investors looking to make a meaningful impact while reaping substantial returns. 🌆🔑 ### Introducing The Alcove: Your Next Investment Opportunity! 🏡✨ Located in the vibrant Spring, Texas, The Alcove is a 372-unit garden-style, 4-story multifamily development set to break ground in Q1 of 2025. Here’s why accredited investors should consider The Alcove: 1. Prime Location 📍 Spring, Texas is one of the fastest-growing areas in the Houston metroplex, known for its excellent schools, thriving local economy, and high quality of life. Investing here means tapping into a market with sustained demand and growth potential. 🌳🏫 2. Garden-Style Living 🌺🏘️ The Alcove offers a unique garden-style layout that appeals to a broad range of renters, from young professionals to families. This style promotes a sense of community and offers desirable outdoor spaces, making it highly attractive in today’s market. 🌿🌼 3. Strong Economic Boost 💰📈 Construction of The Alcove will create numerous jobs and stimulate the local economy. Once completed, the development will attract new residents, support local businesses, and enhance the overall community infrastructure. 🚀🏢 4. High Demand & Limited Supply 📉🔍 With Houston’s housing shortage, adding 372 units in Spring addresses a critical need. This ensures high occupancy rates and steady rental income, providing reliable returns for investors. 📊💵 5. Sustainable Investment 🌍🔒 The Alcove is designed with sustainability in mind, incorporating green spaces and energy-efficient features that not only reduce operational costs but also appeal to environmentally conscious tenants. 🌱🔋 ### Why Invest Now? ⏰💡 Timing is everything! With The Alcove set to break ground in early 2025, getting in on the ground floor means maximizing your investment potential. As Houston continues to grow, early investors will benefit from increased property values and rental rates. 📈🔝 ### Join Us in Shaping the Future! 🤝🏡 Don’t miss out on this exceptional opportunity to invest in a high-demand, sustainable multifamily development in one of Houston’s most promising areas. 🌟💼 Why Become a VIP? Early Access to Offerings|Monthly Newsletters|Exclusive Events| Media Library of Past Events and Webinars https://Inkd.in/dUQ3q2Df 😊🔑 John Monteiro, BS Economics, MBA Bernard Koszyk, CPA, CA Jeff Satz, PMP reVISION Masters Kaliser & Associates PC Tandy Robinson, CPA Greg Ehrlich Cindy Mirliss

Location is, indeed, everything in real estate. That’s why Equiton Developments has chosen Guelph as the home of Marquis Modern Towns, where it’s unveiling 40 new lots this weekend as part of a 96-unit, upscale stacked townhouse project. #housing #developments #suburbs #homebuilder #realestate #guelph

https://lnkd.in/etM5tmvS"🏢🚀The multifamily housing market is on the rise with October 2024 seeing some of the largest starts yet. From bustling cities to suburban neighborhoods, developers are breaking ground on new projects that promise to bring modern, affordable living to communities across the country.💰💼 👨💼With an increasing demand for multifamily housing, these new developments are set to offer a range of amenities that cater to the needs of today's renters. From state-of-the-art fitness centers to luxurious rooftop lounges, these properties are redefining apartment living.🌇🏋️♂️ 🏘️Looking to move or invest in the multifamily market? Keep an eye out for these upcoming projects that are sure to make a splash in the industry. With innovative designs and prime locations, they are sure to attract both tenants and investors alike.👀💰 📈As the demand for multifamily housing continues to grow, these new starts are a promising sign for the future of the market. Stay tuned for more updates and be a part of the multifamily revolution.🌟 #multifamily #housingmarket #development #realestate #investing #modernliving"

Flipping houses is an exciting venture that combines market insight, strategic planning, and a keen eye for potential. In Naperville's thriving real estate market, opportunities for profitable flips are abundant. With its desirable neighborhoods, strong economy, and a community that values quality homes, Naperville is an ideal landscape for savvy investors. Our latest blog dives into the intricacies of house flipping in Naperville, offering invaluable insights, essential tips, and a roadmap for success in this dynamic market ⬇️ If you're ready to invest in flipping homes, partnering with a local real estate professional who knows the Naperville market inside and out is key. With over two decades of expertise, The Lori Johanneson Team is here to help you identify profitable opportunities, navigate market complexities, and ensure you achieve the best results for your investment goals. Connect with us today to learn how we can support your first (or next) flip 🏡🔨 🔗 lorijohanneson.com #LoriJohanneson #LJHomes #JohannesonHomes #TheLoriJohannesonTeam #AtProperties #NapervilleRealEstate #RealEstate #Realtor #NapervilleRealtor #SellYourHouse #RealEstateAgent #Homeownership #RealEstateMarket #LocalExpert #HousingMarket #RealEstateTrends #TopRealtor #TopNapervilleRealtor #HomeSellerTips #SellerTips #HomeBuyer #HomeBuyerTips #HomeFlipping #HomeFlip #TipsTricks #Naperville #RealEstateTips #SuburbLife

Brad Stein, President of Intracorp Homes Texas, recently spoke with Inman on the appeal of the Austin housing market. "I feel really encouraged about this market [Austin] long-term. I think all the fundamentals for a strong housing market still exist in this market. And then Intracorp’s place in this market is that we’re focused on luxury or a second-level move-up urban infill product. And so we’re going to be doing high-rise condos, mid-rise condo projects, townhome projects. We’re going to be doing those in urban infill environments, either downtown, Central Austin, South Austin, East Austin." - Brad Stein, President, Intracorp Homes Texas Read the full interview here: https://lnkd.in/gqiJYAec You can also catch Brad speaking at Inman Connect in Austin on October 9th. Learn more and register here: https://lnkd.in/gv8tJFbv