Atlanta Housing’s Post

Is Charm City the next investment hotspot? Christine Espenshade, Newmark Vice Chair, explores Baltimore's multifamily sector, unveiling its untapped potential driven by steady population growth, strategic developments and attractive tax incentives.   Read on for what makes Baltimore a good investment for #multifamily.   #Newmark   #CRE #RealEstateInvestment #Baltimore #MultifamilyInvesting #CapitalMarkets 

Investors gathered last Thursday for Bisnow’s Annual Midwest Multifamily Conference. Amid a challenging CRE landscape, multifamily and student housing are proving to be the "darling of the party," attracting significant investor interest. Our own Thomas Shanabruch, VP of Residential Investments and Capital Markets at CRG, highlighted the challenges of new multifamily construction in the current financing climate, underscoring the role of aggressive private capital in driving projects forward. Panelists discussed how constrained supply and strong labor markets fuel rent growth in cities like Chicago, Milwaukee, and Grand Rapids. Despite regulatory hurdles and high interest rates, the Midwest remains a beacon of opportunity for savvy investors. Read more insights from all the panelists by clicking here: https://lnkd.in/gTgmzjhD #CRE #Multifamily #StudentHousing #Investments #Chicago #Bisnow #MidwestRealEstate

Hillpointe Managing Director, Head of Capital Markets, Jeff Goll, CFA will be joining multifamily industry professionals at the upcoming MFE Conference in Las Vegas, NV to discuss actionable attainable housing strategies, and explore pragmatic approaches to enhancing housing attainability within multifamily developments. From design considerations to regulatory frameworks, the panel of experts will dissect how developers can meet market needs with attainable and workforce rental housing. Hillpointe’s purpose is to deliver critically needed attainable housing supply to uplift tenants who are profoundly burdened by the affordability crisis in America today. We believe attainable housing is a rent classification; it shouldn’t be a quality classification. #hillpointe #workforcehousing #attainablehousing #multifamilyexecutive

Standard Communities has made waves in the affordable housing sector with a $1 billion acquisition encompassing over 6,000 apartment homes across four states, including Colorado. This strategic move expands their national portfolio to nearly 27,000 homes, providing stable housing for approximately 60,000 residents. With this expansion, Standard enters three new markets: Arizona, Texas, and Colorado, while bolstering its presence in California to nearly 11,000 units. This geographic diversification addresses the growing demand for affordable housing solutions across different high-demand areas. Standard's commitment to improving living conditions, as seen by their pledge to invest over $30 million in capital improvements and deferred maintenance. How do they do this? By taking a multifaceted financing strategy, including tax credit partnerships and nonprofit collaborations For apartment investors, this move by Standard Communities illustrates the potential impact of strategic expansion and diversification on market dynamics. The diverse tenant base of families and seniors emphasizes the broad societal benefit of such investments. How do you think such strategic acquisitions will reshape the landscape of affordable housing in markets like Colorado? #AffordableHousing #RealEstateInvestment #ColoradoApartments #TABOR #MarketExpansion #StandardCommunities #SustainableLiving

Eric Brody delves into the pivotal role of NYC's 421-a program extension and its successor, 485-x, in shaping the real estate landscape. Discover insights on the future of housing in the city in this feature article from Multifamily & Affordable Housing Business. https://lnkd.in/dUWkU7rW

Discover the Best Multifamily Real Estate Deal in Tampa, Florida! Explore Tampa's thriving economy, business-friendly environment, and diverse industries. From finance to healthcare and technology, this city offers robust business prospects and economic stability. With reputable educational institutions nurturing a skilled workforce and a vibrant cultural scene, Tampa ensures a high quality of life for residents and employees alike. Don't miss out on this prime investment opportunity in a city poised for growth! To access the deal room, visit the link in the comments. #TampaRealEstate #multifamilyinvesting #investmentopportunity #CPICapital #realestate #AtlasAtBayPoint

Discover the Best Multifamily Real Estate Deal in Tampa, Florida! Explore Tampa's thriving economy, business-friendly environment, and diverse industries. From finance to healthcare and technology, this city offers robust business prospects and economic stability. With reputable educational institutions nurturing a skilled workforce and a vibrant cultural scene, Tampa ensures a high quality of life for residents and employees alike. Don't miss out on this prime investment opportunity in a city poised for growth! To access the deal room, visit the link in the comments. #TampaRealEstate #multifamilyinvesting #investmentopportunity #CPICapital #realestate #AtlasAtBayPoint

22 years ago today I purchased this 20 unit multifamily apartment building at 5219 S. Drexel. After doing so, several people approached me asking if I was looking for investors. Armed with some simple ideas of providing great customer service, leveraging technology, and being disciplined, I began to buy more apartment buildings. My goal was not as much to be a force in the Chicago apartment market but rather to just take one day at a time, find the right opportunities and provide the best resident experience that could be delivered. Today we manage 70 buildings taking care of about a thousand apartments As I approach 60, I have been reflecting on my life's journey and accomplishments. I am grateful for those who have supported and invested with me through the years. We have employees who've been with us for nearly 20 years. We have investors who have continued to reinvest with us since the beginning in 2002. I've remained steadfast in my belief systems of respect and consideration for others and simply followed my intuitions. Building a great company is about building great relationships. We have exciting things happening in our future. If you think your apartment building can be performing better with happier residents and higher NOI, give us a call. Drexel Properties continues to expand our services for third party owners. We love what we do. #runitlikeweownit #customerservice #apartmentforrent #rentalunit #apartment #apartments #realestatelife #rentalproperty #propertymanagementtips #chicagoapartments #propertymanagementexperts #lovewhatyoudo #lovewhereyoulive #lovewhatido #investors #investments #invest #smallbusinessbigdreams #smallbusiness

Took the liberty to summarize a post I saw on LinkedIn: 📉 Multifamily Permits Plunge Across Major Metros - Permits down over 60% in Philly, San Antonio, West Palm Beach, Portland, Oakland, St. Louis, Baltimore. - Down 50-60% in Houston, Seattle, Minneapolis, San Francisco, Nashville, Denver, Jacksonville. - Down 40-50% in Dallas, Orlando, Raleigh, Atlanta, Boston, Chicago, Orange County, Salt Lake City, Northern NJ, Indianapolis, Las Vegas, Detroit, Richmond. - Trends indicate a significant slowdown by 2025-2026 creating a strong market for existing housing. #RealEstate #HousingMarket #JKAMInvestments #AlternativeInvestments

I’m pleased to share that our developer partner, Windsor Stevens, led by Rod Mullice, recently closed on the $55.6M financial closing of The Proctor, a 137 unit Class A luxury 8-story multifamily building located in the West Midtown submarket of Atlanta, a block from the Westside Beltline Connector greenway trail. Special thanks to our funding partners: Goldman Sachs, Basis Investment Group, LLC ("Basis"), Atlanta Housing, Atlanta Urban Development Corporation (AUD), and Invest Atlanta, without whom this would not have been possible. This private-public partnership is enabling the development and future delivery of 41 affordable housing units within the 137 unit building. A groundbreaking ceremony for The Proctor is anticipated for early November 2024, and construction is expected to be complete in May of 2026. If you’d like to follow The Proctor’s development, make sure you’re included on our e-mail distribution list. You can add yourself here: http://eepurl.com/hESKfH ——— 🏢 Park Royal Capital: Private Equity Real Estate Investment Firm 🌟 Join our community and get our free guide: "10 Mindset Quotes & Advice From a Real Estate Investor” https://lnkd.in/g9vcYFe7 💬 DM us for more info or visit our website through the profile: parkroyalcapital.com 🤝 Let's connect and reach new heights together! 👍 Like, 💬 comment, and 🔁 share this post if you found it helpful or if you know someone who would benefit from it! #multifamily #multifamilyinvesting #multifamilyrealestate #lawyer