The cost of land and the cost of construction have crept higher and higher, creating challenges for multifamily developers.
A syndicator will be much better off thinking about why prospective investors have not chosen to invest in the status quo.
Investors with small portfolios are more likely to feel the pain from tenants that have been unable to stay current on rents than REITs or private equity funds.
Residency at assisted and independent living facilities fell to 78.8 percent in the first quarter of 2021, reports NIC.
Retail, lodging/resort and apartment REITs posted the biggest gains in the first quarter.
New apartment leases in Manhattan jumped by 89 percent in March from a year earlier, according to Miller Samuel Inc. and Douglas Elliman Real Estate.
As people relocated during the pandemic, median rents sored in cheaper U.S. counties where residents tent to earn less, according to Zumper.
More companies are announcing they will be returning to the office. On-site COVID-19 testing might be another inducement.