Jeff Rennells’ Post

The Dallas' multifamily market is on the brink of a turnaround! While recent challenges included high vacancy rates and a slowdown in investment, key factors are now aligning for a strong rebound. Texas' booming business scene has attracted hundreds of companies in the past decade. This, coupled with an influx of new residents post-COVID, has fueled a surge in housing demand, especially in the Dallas-Fort Worth metroplex. Read more about why Dallas is a prime market for multifamily success below ⬇️   https://lnkd.in/evwfHZpR

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

In a recent news report from Multifamily Executive Magazine, they noted that Austin, Memphis, and St. Louis recorded the largest yearly rent drops. Remarkably, rents have been on a continuous decline for the past eight months. The part that stands out to me is the resilient rental market, which despite the drop, the median rent of $1,722 is only $36 less than the peak seen in August 2022. This is unusual because despite the declining trend, the rental prices remain relatively stable, possibly indicating a steady demand in the rental market. This is significant because it illustrates the continuous demand for rental housing, especially in the absence of new housing construction in major markets. The resilience of the multi-family housing industry will probably keep it a great investment for the foreseeable future. What are your thoughts on this trend and how it might affect the housing industry in the future? #RealEstate #RentalMarket #HousingTrends #multifamily Apartment Management Consultants LLC, Avenue5 Residential, Cardinal Management Group, Inc., Fairfield Residential, Hawthorne Residential Partners

Looks like suburban multifamily investors have some new opportunities on the table! With rental demand soaring and rents holding steady, it's no wonder landlords are eyeing their options. Take CLK Properties, for instance. Based out of Woodbury, New York, they're looking to cash in on Courtyards on the Park, a 918-unit workforce housing complex in Des Plaines. According to Crain's, they've brought in CBRE brokers to handle the sale. It's exciting to see how the market is evolving, and for investors, it's a chance to explore new avenues and potential opportunities. #RealEstate #RealEstateInvestment #InvestmentStrategy

The Twin Cities multifamily market has seen a rebound in sales volume in 2024, surpassing last year's total with a second-quarter investment of roughly $460 million, the highest in two years. While the third-quarter volume of $240 million suggests a slowdown, more deals are expected to be recorded post-quarter. Multifamily prices, down 25-30% from 2021 peaks, have stabilized since March 2024, particularly in suburban areas where demand remains strong. Conversely, downtown properties continue to struggle with rent growth and price declines. High-quality suburban assets have seen the lowest valuation drops, while urban core apartments face pricing pressure amid weak rent recovery and concerns about rent control policies in Minneapolis and St. Paul.

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

Multifamily Real Estate Market in Greenville The multifamily real estate market in Greenville is experiencing steady growth 📈. With a 30% increase in inventory since 2015, the city has maintained a strong demand for rental properties, keeping the vacancy rate at a low 5.7% 📉. Rent prices have increased by 13.6% year-over-year, yet they remain below national averages, attracting both renters and investors alike. National investors are particularly drawn to Greenville’s multifamily sector due to its affordability 💰 and high potential for returns 📊. With downtown revitalization and a growing job market, now is the time to explore multifamily real estate opportunities in Greenville. #MultifamilyRealEstate #RentalMarket #GreenvilleSC #SPARKInvestmentGroup #InvestmentOpportunities https://lnkd.in/g6taqsux

🌟 Dallas/Fort Worth: The Multifamily Rental Market You Can’t Ignore! 🌟 With just 99 available rentals per 100,000 households, the DFW area is experiencing a significant undersupply of affordable homes. This growing gap is driving up rental demand and making multifamily properties more attractive than ever. 🔑 Why Invest in DFW Multifamily Rentals? 💥 High Rental Demand: The undersupply is creating a robust rental market. 📈 Stable Investment: As demand rises, rental properties in DFW offer stability and long-term growth potential. 🔮 Future Trends: This trend will persist, making now a great time to invest. Ready to capitalize on Dallas/Fort Worth’s thriving rental market? Explore opportunities and secure your spot in this booming market today! https://lnkd.in/gNC_HsKX 🏢 or Comment BLUE #passiveinvesting #passiveincome #buildingwealth #multifamilyinvestor #investing #realestateinvestor #propertyinvestment #investmentopportunity

📊 Market Insights: Multifamily Trends in the Twin Cities The multifamily market is undergoing a notable shift! After years of rapid lease-ups, we’re now seeing a more gradual absorption of new deliveries. This change comes as the market responds to a surge in supply—over 46,000 units added since Q1 2020—fueled by pandemic-era low interest rates. While this influx temporarily raised vacancy rates, there’s a silver lining. With the recent slowdown in development due to rising interest rates, existing properties are gaining traction! The Twin Cities have experienced a significant drop in the average vacancy rate, decreasing by 130 basis points in just six months, from 8.6% to 7.3%.

📈 Apartment REITs Forecast Positive Outlook for 2025 as Supply Glut Eases 📈 With a record supply of new apartments set to taper off, some of the largest apartment REITs are optimistic about 2025. Here’s what they’re seeing in the market: 🏗 Decline in Oversupply: Leaders like Mid-America Apartment Communities (MAA) and Equity Residential expect supply pressures to ease by Q2 2025, boosting rental demand and pricing stability. 💼 Major Investments: REITs are increasing acquisitions and development, with Equity Residential spending $1.26B on 14 properties in high-supply markets like Denver, Dallas, and Atlanta. 🌞 Focus on Sun Belt: MAA maintains a $1B development pipeline in the Sun Belt, citing demand from strong job growth and tech sector expansion. 📊 Demand Drivers: High homeownership costs, coupled with thriving job markets and tech hubs in the South, are driving rental demand. 🏙 Regional Variations: While Sun Belt markets are expected to recover by mid-2025, areas with greater supply pressures like Austin may not see rent growth until 2026. This outlook signals an anticipated recovery cycle in multifamily demand and leasing conditions beginning next spring. #Colliers #Pittsburgh #MoreIn24 #ThriveIn25 #ClosersCoffee #ColliersCapitalMarkets https://lnkd.in/eYdb-pJj