Multifamily

Lenders keep fighting to make loans partly because on a national basis, apartment rents continue to rise.

As interest rates push higher, investors are becoming more cautious.

The acquisition is being made through Ares U.S. Real Estate Fund IX LP, and involves properties in Tennessee, Texas, Georgia and North and South Carolina.

For those in the real estate business it’s imperative to continue to adjust to trends that are attracting this younger demographic.

A good sub-market for a value-add play should show a difference of several hundred dollars between the cost of renting a new, luxury apartment and the cost of renting an older unit.

Apartment renters have come to expect green building features like good indoor air quality and energy efficiency, making them more of a requirement in many markets.