Metroplex Flexes Recovery
JOB GROWTH IS BACK—at least in Dallas/Forth Worth, Texas. And the return of jobs has led to strengthening demand across the entire metroplex, driving absorption to the highest level in a decade.
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Proposed Trust Fund Rules Issued
The Department of Housing and Urban Development (HUD) has issued proposed regulations for the affordable housing trust fund created by the Housing and Economic Recovery Act of 2008 (HERA), linking the regulations to the existing HOME program regulations t
Market Movers
NUMBERS MAY NOT LIE, BUT SOMETIMES they can make a liar out of conventional wisdom.
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Pop Quiz: CBRE Investors' Steve Zaleski on Being one of 2010's Top Buyers
CB Richard Ellis Investors has emerged as one of the top multifamily buyers this year, behind only Behringer Harvard and Equity Residential, and recently closed its largest deal, a $193.5 acquisition of a South Florida community. Apartment Finance Today recently sat down with Managing Director...
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More Distress Sales Coming as Banks Return to Health
With the banking sector continuing to lick its wounds and slowly return to health, more distressed multifamily assets are expected to hit the streets next year.
Unlearning bad habits picked up during the boom years is the first step to recovery.
Jacks of All Trades
OVER THE PAST FEW YEARS, many multifamily CFOs added a new, albeit unfortunate, bullet point to their resumes: “loan workout specialist.” Some could probably also add: “crisis management expert.
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Capture Rate
TO PARAPHRASE AN OLD QUESTION: If prospective residents call and nobody hears them, do they still make a sound?
The Road to Recovery
BALTIMORE’S RECOVERY hasn’t been as robust as its closest neighbor, Washington, D.C., but signs suggest that employment and economic growth are right around the corner.
Strong as Steel
PITTSBURGH'S APARTMENT MARKET seems to have as many things going for it as it has bridges—which is a lot.
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LIHTC Properties Spark Economic Gains
LOW-INCOME HOUSING tax credit (LIHTC) developments significantly boost surrounding property values, according to a new study that examined the economic impact of affordable housing in New York City.
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Looking for a Home
DOMESTIC INVESTORS CONTINUE to be largely out of luck these days.
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One Trick Pony
One of my guilty pleasures is watching Top Chef and Project Runway.
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Sizing Up the FHA's Recent and Proposed Changes
Some of the FHA's multifamily programs haven't seen changes in more than 40 years. So, in announcing new leverage and debt service levels, the FHA took the opportunity to enact a slew of other changes, and propose a few more.
Making it Work
WORKFORCE RENTAL HOUSING, ideal for professionals such as teachers, firefighters, and nurses, has always been treated as a stepchild in the affordable housing world.
The Upside-Down Recovery
AS THE APARTMENT RECOVERY takes shape, market watchers have agreed on a term to describe the way things are progressing so far—surprise.
Smaller Trades Dominate
ALTHOUGH ECONOMIC conditions are improving in Connecticut's Fairfield and New Haven counties, the turnaround has yielded only modest changes in apartment fundamentals so far this year.
Digging for Dollars
Developers are, inherently, eternally optimistic.
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Timing the Materials Market
As the price of materials such as lumber and concrete continue to fall, many developers are employing an "as-needed" approach to purchasing at the end of the second quarter.
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Multifamily Acquisition Market Heats Up as Cap Rates Fall
The acquisition market has been gathering steam in the second quarter, with cap rates declining nationally and the gap between buyers and sellers narrowing. The bidding on high-quality assets has become so frenzied that many long-term holders are beginning to wonder if now is a good time to sell...