InterFace Conference Group’s Post

Gary Kerr shares his insights with Bisnow on the future of multifamily and how Greystar is working to solve housing problems and expanding in areas like Greater Boston. "I think we could be at a pivot point where what real estate is as a business could fundamentally change over the next 10 to 15 years..." Read the full story: https://bit.ly/3CxemEb

Grant Cardone's recent observations on Austin's real estate market shed light on a notable trend: a 6.2% drop in multifamily property rents compared to last year, signaling a potential correction. With nearly 19% of apartments under construction or in lease-up phases, oversupply challenges are evident. Despite this, Cardone sees opportunity for long-term investors, projecting significant returns amidst the correction. Notably, areas like Lake Travis and North Austin defy the trend, boasting a 95.8% occupancy rate. Cheryl Higley of Northmarq Austin acknowledges oversupply concerns but anticipates gradual market balance. As Austin's real estate landscape evolves, insights from leaders like Cardone and Higley offer valuable guidance for investors navigating these shifts. Read the full article here: https://lnkd.in/g-DA4Qn9 #RealEstate #AustinMarket #InvestmentInsights

📢 In case my multifamily peers are still wondering whether they should invest in Kansas City... Here is RealPage senior director of research Carl Whitaker's opinion on Kansas City's multifamily market performance: "The market might not have the same level of robust demand, but most Midwest markets don’t show significant weaknesses either. One thing to watch over the next few months is how new supply is absorbed. While there's not a major supply concern overall, specific areas could see occupancy impacts if operators are focused on filling units." Looking ahead to rent trends in 2024, Whitaker predicts a continuation of the current pattern for Kansas City—expecting 2% to 3% annual rent growth, positioning the market in the top quartile for this year. He also highlights that 58.5% of leases have been renewed, contributing to a stable local performance due to reduced turnover. 🏢📊 #KansasCity #RealEstateMarket #RentGrowth #MidwestMarkets #OccupancyTrends

DFW’s Multifamily Market Continues to Boom! The Dallas-Fort Worth Metroplex is once again proving why it's a top destination for multifamily real estate development. In 2024, DFW claimed the #1 spot for multifamily deliveries through June, with 12,830 rental units across 48 properties delivered in just six months—a staggering 64.8% increase over the same period last year. This trend shows no signs of slowing down. Key Developments to Watch: ⬇ 🔹 Demand for upscale housing is growing: Due to DFW's economic expansion and population growth, 96% of the newly delivered units are in upscale Lifestyle properties. 🔹 DFW ranks second nationwide for expected multifamily deliveries in 2024: RentCafe ranked DFW second in projected multifamily deliveries, with 32,932 units expected to come online by the end of the year. 🔹 Significant construction activity in DFW: In June 2024, DFW had 268 multifamily properties under construction, totaling over 70,000 units. Looking ahead, DFW continues to hold strong in the pipeline of multifamily developments. For a deeper dive, check out the full article from Multifamily Executive: https://lnkd.in/ghR3vBPp #DFWRealEstate #Multifamily #DFWGrowth #RealEstateInvesting #Dallas

In April, 20for20 posted a blog about NMHC publishing its list of the top 50 owners, operators, and other categories of multifamily companies. They observed, “the average size of the top 50 management groups had increased by 58% in the decade leading up to 2023, while the top 50 ownership portfolios had decreased by 17% on average over the same period. Although the growth trends go in opposite directions, they are mostly explained by one thing: the interest rate environment during most of that decade.” Excellent interest rates over the last decade led to many new owners stepping into the field and purchasing multifamily housing, resulting in smaller companies being part of the top 50 multifamily housing companies. In 2023 and again in 2024, no REITs were in the top 10 management groups. This is a fascinating development for smaller owners. It will be interesting to see if this trend continues as interest rates have increased in the last two years. Read the complete article here: https://lnkd.in/gW-9Tjyz What are your thoughts on this trend? Do you think it will continue? #MultifamilyHousing #RealEstateTrends #InvestmentOpportunities #PropertyManagement

Institutional Investors are Embracing Build-to-Rent As reported by CoStar in the article in the comments below 👇, AvalonBay Communities, one of the nation’s largest apartment REITs, is diving into the build-to-rent (BTR) space with the $49 million acquisition of Avalon Townhomes at Bee Cave near Austin, TX. This move highlights the growing demand for suburban, single-family-style rentals fueled by millennial household formation and a national housing shortage. Targeting markets in TX, NC, and CO, AvalonBay plans to expand through both acquisitions and in-house development. With BTR properties expected to deliver returns on par with or exceeding traditional multifamily assets, these communities fill a critical gap between renting apartments and homeownership. 💡As more institutional investors recognize BTR’s potential, the question is: Is BTR part of your portfolio strategy yet?🤔 Share your thoughts in the comments below 👇! Please like 👍, comment below 👇, or share 👉. Follow me for more content like this. Click the 🔔 in my profile to get notified of my posts. #home #multifamily #homerental #buildtorent

WHY WON’T WALL STREET BUILD SFR? Just a few months ago, Blackstone paid $3.5B to purchase Tricon Residential, which owns 38,000 single-family rental homes across the Sun Belt and has a $1B development pipeline. That’s a strategy to control supply and pricing rent which Wall Street began shortly after the 2008 housing crisis. They have made billions from sucking all the equity from working families and minority neighborhoods. SFR should be owned by families, not Wall Street. Paying 25% premium for multifamily REIT with planned $400 million investment will require huge rental increases to justify investor interest. These increases will ripple to the SFR rentals too. Read below ⬇️ “With perfect hindsight into the 2008 housing collapse, it is clear that patient and flexible capital would have enabled many homeowners to hold onto their home equity. Entire neighborhoods would not have been devastated, and a generation of Black and Latino or Hispanic assets would not have washed out to sea.” -Brookings Institute ⬇️ The mission statement of Ellavoz.com is to keep #homeownership attainable for hard working American families in underserved communities. This is the opposite mission of most Wall Street real estate investment funds. If you believe in our mission, and #sharedvalues #impactinvesting please contact me personally to discuss joining our #impactangelnetwork.

In contrast to some of the Sunbelt cities that have weathered sharp declines in rent growth, the Baltimore metro multifamily market has been steadier in 2024. According to locally based Harbor Stone Advisors, which specializes in private client and middle market multifamily investment sales in Baltimore and the broader Mid-Atlantic region, the year has seen robust renter demand even as new supply has been elevated. Justin Verner #cre #multifamily

🌟New Multifamily Development Site Sold in Warner Robins, GA!🌟 🏢 I'm thrilled to announce the successful sale of a prime multifamily site at 301 Robins West Parkway, Warner Robins, GA! This marks another significant milestone in our efforts in assisting developers to provide quality housing solutions in vibrant, growing communities. Why Choose Multifamily Investments? 1. Stable Cash Flow: Multifamily properties often provide consistent rental income, reducing the risk of vacancies impacting overall revenue. 2. Appreciation Potential: With the right location and management, multifamily assets can appreciate significantly over time, offering strong returns on investment. 3. Economies of Scale: Managing multiple units within a single property can be more cost-effective than handling several single-family homes scattered across different locations. 4. Demand Resilience: Housing is a fundamental need, and multifamily properties are typically in high demand, especially in thriving markets like Warner Robins. Why Warner Robins?? Warner Robins is a rapidly growing city with a strong economy, supported by Robins Air Force Base and a diverse mix of businesses and industries. Its strategic location and excellent amenities make it an attractive place for residents and investors alike. I specialize in identifying and securing top-tier multifamily sites that promise solid returns and long-term growth. Our recent transaction at 301 Robins West Parkway is a testament to our commitment to excellence and client success. Whether you are an experienced investor or new to the multifamily development sector, I am here to help you navigate the market and make informed investment decisions. Reach out to me today to explore how multifamily properties can enhance your investment portfolio! For more details or to discuss potential opportunities, contact me today! 🏢THE SUMMIT GROUP 👨💼DerekFoster 📞(478)750-7507 📱(478)997-1024 📧 dfoster@tsgmacon.com 🌐 thesummitgroupmacon.com Let's build a prosperous future together! #RealEstate #MultifamilyInvestments #WarnerRobins #PropertyInvestment #commercialrealestate

Are there still buying opportunities in multifamily? Check out the buying opportunities in suburban multifamily properties with insight on market trends, investment strategies, and potential opportunities for investors looking to navigate the suburban real estate market. https://buff.ly/3TOkq1g via @Inman #multifamily