Ivan Kaufman’s Blog2017-07-19T16:32:21+00:00

Ivan Kaufman’s Real Estate Blog

Weekly Roundup Intro: Week of September 28, 2020

This week’s articles provide an update as the multifamily industry continues to emerge from the challenges of COVID-19. Arbor’s exceptional performance with record earnings and increased dividends caught the attention of Nareit. In the first article, the professional association for real estate investment trusts highlights Arbor’s success and strategies. In the next two articles, I was interviewed by Yahoo! Finance and CNN. We discuss future trends in commercial real estate, considering COVID-19 and thinking beyond the pandemic. The fourth article contains Arbor’s exclusive and propriety research, analyzing the effects of prior presidential elections on multifamily pricing. Finally, in a Multi-Housing News article, Freddie Mac’s vice president of research and modeling provides his views on the state of the economy and the apartment sector.

Multifamily Loan Originator Arbor Realty Trust Seeing Strongest Earnings Ever

NREI – October 1

“After a 10-year bull run, Arbor was already preparing for a recession ahead of the pandemic, Kaufman explained. That prior planning enabled Arbor to increase its dividend during the crisis.”

Urban Areas Are ‘The Biggest Concern’ in the Real Estate Recovery, Here’s Why Young People May Save It

Yahoo! Finance – September 21

“Ivan Kaufman, Arbor Realty Trust CEO, joins Yahoo Finance’s Alexis Christoforous and Brian Sozzi to discuss the road to recovery for the real estate industry, what categories are ‘winning’ during this time, arising trends, and much more.”

Commercial Real Estate Flounders as Housing Market Booms

CNN – September 22

“The complete elimination of offices is not happening. Many companies realize they still need them even though demand may be softer,” Kaufman said. “It’s not all doom and gloom. It’s an adjustment.”

Comparing 2020 Multifamily Prices to Prior Election Seasons

Arbor Chatter – October 1

“As a follow up to our recent Chatter blog piece, highlighting lower returns and increased volatility for public equities near U.S. presidential elections, this article narrows in on multifamily asset prices.”

The Multifamily Mystery: Q&A With Freddie Mac’s Steve Guggenmos

Multi-Housing News – October 2

“The GSE’s vice president of research and modeling talks about the macroeconomy, COVID-19 and where the rental sector is heading.”

Weekly Roundup Intro: Week of September 21, 2020

In this week’s selection of news stories, Arbor’s Chatter blog published a propriety research article with Chandan Economics, analyzing the impact of COVID-19 on labor markets across the country. Next, Adam Kaufman, the co-founder and COO of ArborCrowd, which is part of the Arbor family of companies, authored an article in Forbes explaining the strength of responsible real estate crowdfunding despite the challenges of the current economic climate. GlobeSt covers how the pandemic has changed processes but leasing activity is returning to expected levels. RealPage provides data demonstrating even with the coronavirus disruption, multifamily properties in the Midwest continue to hold onto mild price increases. Finally, Bloomberg reports on how institutional investors are heavily investing in single-family rentals (SFRs) following the COVID-19 outbreak and the surge in demand for this asset class.

Labor Markets Most and Least Impacted by COVID-19

Arbor Chatter – September 23

“The Louisville area saw the lowest decline in employment, with the unemployment rate ticking up by just 2.0% from July of last year.” 

Despite Recent Challenges, The Real Estate Crowdfunding Industry’s Future Is Bright

Forbes – September 18

“Real estate crowdfunding has the opportunity to help sponsors get important projects off the ground by serving as a source of capital, filling a void left by lenders that have slowed origination activities.”

Apartment Leasing Rebounds to Normal Levels

GlobeSt – September 22

“Quarantine, distance learning and work-from-home policies encouraged people to move to more accommodating homes, driving leasing demand.”

Midwest Region Sustaining Rent Growth

RealPage – September 18

“As of August, only the Midwest has avoided rent cuts thus far, with prices still growing a modest 0.5% annually. Midwest rent growth was driven primarily by decent gains in Cincinnati, Detroit, Columbus and Indianapolis.”

Wall Street’s New Suburban Subdivision Is Full of Renters

Bloomberg – September 23

“Wall Street won big buying up homes during the foreclosure crisis and renting them out. Now, it’s headed back to the suburbs in hopes of scoring again.”

Weekly Roundup Intro: Week of September 14, 2020

In this week’s roundup, Arbor Realty Trust’s Chatter blog provides exclusive, original research analyzing Apple Maps data. Our study with Chandan Economics looks at personal mobility in different cities to evaluate economic recovery from the COVID-19 pandemic. A separate article in the Chatter blog reviews the impacts of U.S. presidential elections on the market and economy. RealPage examines National Multifamily Housing Council data in assessing rent payments and occupancy in the current recession. Fannie Mae explains why it projects an upgraded forecast for the U.S. economy. Finally, CoreLogic releases its Single-Family Rent Index, which provides insights into SFR rent price changes nationally and across 80 metros.

 COVID-19 Urban Recovery: Walking, Driving and Taking Mass Transit

Arbor Chatter – September 16, 2020

“Data for personal mobility, while not a perfect proxy for economic activity, provide a gauge of COVID-19 urban recovery.”

Returns Fall and Volatility Rises Near U.S. Presidential Elections

Arbor Chatter – September 17, 2020

“This article attempts to quantify the observable market effects of the U.S. presidential elections throughout recent history.”

Apartment Rent Payments Follow a Normal Pattern for Recession

RealPage – September 16, 2020

“While there’s a little deterioration in rent payments from typical levels, the shortfall continues to be small viewed relative to the number of households suffering income interruptions.”

2020 U.S. Economic Forecast Upgraded Despite Heightened Risks

Fannie Mae – September 15, 2020

“The upgrade was attributed to continued strength in consumer spending – and data suggesting that such spending is likely to support economic growth through the remainder of the year.”

U.S. Single-Family Rent Price Growth Stabilizes for the First Time Since the Pandemic

CoreLogic – September 15, 2020

“Rent price increase in lower-priced rentals far exceed other price levels.”