Kitty Wallace Team’s Post

The City of Santa Monica recently passed a proposal (Ordinance No. 2776) impacting multifamily property owners. Check out the key points property owners need to be aware of below 👇 🔗 Read: https://lnkd.in/gGwXt9TB #Matthews #CRE #RealEstate #SantaMonicaRealEstate

Colliers Capital Markets' Senior Executive Vice President Kitty Wallace Team shares what’s next for the multifamily sector in the Summer 2024 Allen Matkins/UCLA Anderson Forecast California CRE Survey. Click here to read: https://ow.ly/Nxci50SPiK1 #CommercialRealEstate #Multifamily #Housing #ColliersCapitalMarkets

Very interesting data points on the future of multi-family real estate in Chicago. Love the comparison of multi-family real estate to an MJ rookie card!

Did you know there are nearly 500 apartment buildings just in Minneapolis alone? How will you make your property stand out? Learn more about multifamily property renovations: https://lnkd.in/ehsAenaW #PropertyManagement #BuildingOwner #MultifamilyProperties #ApartmentRemodels

Nationally, Class A apartments boast a significant rent premium. But a new RealPage analysis reveals a surprising trend in Florida! Here's the scoop: - While Class A units typically command a 28% rent premium nationwide, some Florida markets see much lower figures. - In Orlando, for example, the premium dips under 15%, offering potential value for investors seeking higher returns. - Cities like Jacksonville and Las Vegas also show lower-than-average Class A premiums. Could this be the perfect time to invest in Florida's Class A multifamily market? #FloridaRealEstate #MultifamilyInvestment #InvestmentOpportunity #ClassAMultifamily #LowerPremiums

From a simple idea on a napkin to widespread market recognition in just eight years—what a journey it’s been! Proud of the impact we’ve made on communities and the solid returns for our investors. Check out this feature on BiggerPockets.com highlighting our approach to affordable urban housing in the US. Explore the full story and why we're bullish on reinvesting in revitalized gateway markets. https://lnkd.in/gj3PxxV5 #realestate #investinrealestate #multifamilyrealestate

While June housing starts were up 3% M-o-M to a 1.353-million-unit annualized rate, the rise was all volatile multifamily driven. Single-family starts fell 2.2% and are now down four months in a row. Moreover, June starts came in at 980,000 annualized, an eight-month low. Lastly, single-family building permits fell 2.3% M-o-M, on top of a 2.2% slide in May and are now down five months in a row. #housing #bassickadvisors #bostonrealestate #wellesleyrealestate

Raleigh-Durham multifamily sees hefty concession growth in classes B and C https://lnkd.in/eEgPvmsd Apartment concessions are trending in Raleigh-Durham as building owners get creative to attract tenants. Free months of rent and discounts are becoming more common, especially in classes B and C. The multifamily market is showing some interesting shifts this year. #RaleighDurham #Multifamily #AYdifference

🏢 Florida’s apartment market is booming! Demand increased by 673% year-over-year, with the state absorbing over 52,000 units in the past year, making it the third-best performing region in the U.S. This remarkable growth, driven by a strong Q2 2024 performance, highlights Florida's rising prominence in the multifamily sector. #ApartmentDemand #FloridaRealEstate

Check out my latest piece for Conservice - the impact of small #multifamily properties. #contentmarketer #conservice