Property Management News

Fact: Inflation, fast rising interest rates, recent bank collapses, concerns about recession have all made deal financing more difficult this year than it has been in a decade. Fiction: The investment world is doomed, and the smartest thing to do is keep your head in the sand, your money in your mattress and wait it out. Contrary to the narrative, certain real property segments—namely multifamily residential—have and continue to demonstrate solid performance. In full disclosure, that is precisely what my company does. So of course, I wave the flag of multifamily real estate sponsors—but more fittingly, so do our investors. Those seeking to preserve and grow wealth during this... Read more

New lease trade-outs plummet nationally. A new report from Berkadia shows how concerns about slowing apartment demand and falling apartment rental rate growth is manifesting in current concession and lease renewal dynamics. Owners and operators had accommodated renters because of pandemic economic pressures, peaking at 6.3% in Q3 of 2021. But even as they fell, they remained higher than normal. By the end of 2022, they were still at 4.5%, significantly higher than the pre-pandemic five-year average of 3.4%. That leaves open a question of whether this is a wave that will settle into older patterns or in part a reaction to the swift rise of rents and which has become a mechanism that lets... Read more