Ivan Kaufman’s Blog 2017-07-19T16:32:21+00:00

Ivan Kaufman’s Real Estate Blog

Weekly Roundup | July 07, 2017

This week’s review of the top multifamily news stories starts off with a look at the rise of amenities aimed at making everyday life easier for older renters seeking to age in place. As covered in a recent Arbor webinar on senior housing trends, ride sharing services and grocery deliveries are enabling older renters to remain comfortable in an independent living setting longer than ever before. We’ll also examine the Top 10 markets for rent growth year-over-year as of May courtesy of Yardi Matrix data, learn about the relationship between small apartments and workforce housing affordability, and get a view of a future with human-free, drone-operated construction sites.

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Rise of Aging-in-Place Amenities in Multifamily

via Property Management Insider – July 6, 2017

“While apartment designers have splashed on the amenities to attract younger renters, home builders and remodelers are placing more emphasis on simple functionality so older residents can get around their habitats easier for years to come.”

Top 10 Markets for Rent Growth

via Multi-Housing News – June 29, 2017

“Here are the 10 markets that, despite the nationwide trend of deceleration, have had the greatest year-over-year rent growth as of May 2017.”

The Role of Small Apartment Properties in Workforce Housing Affordability

via ALEX Chatter – July 7, 2017

“The growing lack of affordability within U.S. rental housing has led to the creation of new loan programs aimed at strengthening and preserving the existing stock of multifamily that’s affordable for the workforce. It turns that a large portion of housing suitable for the workforce is found in smaller apartment properties.”

Expect Human-Free Drone-Operated Construction Sites by 2050

via Bisnow – July 6, 2017

“Unlike industrial automation, where machines do the work for humans — resulting in the elimination of jobs — smart tech and remote-operated machinery will still require human operators behind-the-scenes to teach the tech the nuances of construction work.”

3 Strategies for Maximizing Resident Satisfaction

via Multifamily Executive – July 6, 2017

“To stay competitive, owner–operators must have a strategy for constantly incorporating new amenities, providing top-of-the-line service, and maintaining a strong sense of community for their residents.”

Weekly Roundup | June 09, 2017

In this week’s top multifamily reads, we see that foreign investors are still interested in U.S. commercial real estate — in fact, the asset class captured 31% of 2016’s global capital investments, according to Real Capital Analytics. We also learn why Florida and Texas are two of the top markets for those foreign investments. Additionally, a recent article from Commercial Real Estate Direct explores the demand characteristics supporting long-term growth in the Class B/C sector, which is proving to be a growing target for foreign capital.  

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10 US cities where everyone wants to live right now

via Business Insider – June 6, 2017

“Austin is so hot right now — and no, we’re not talking about the rising temperatures.”

 

Foreign Investors Will Continue to Favor U.S. Assets

via National Real Estate Investor – June 9, 2017

“In the wake of international events like Brexit, investors are flocking to the U.S. in droves, and global interest in assets here continues to proliferate.”

 

Florida, Texas top foreign buyers property purchase list

via The Dallas Morning News – June 7, 2017

“Florida, Texas and California were the most popular markets for offshore buyers acquiring small properties for either investment or use, the Realtors found in their annual commercial real estate survey.”

 

Investor Demand for Senior Housing Continues to Grow in U.S.

via World Property Journal – June 7, 2017

“Despite investors’ expectations for rising interest rates, nearly 60% of respondents expect to increase the size of their portfolios in 2017 compared with 47% a year ago.”

 

The Multifamily Sector: A Tale of Two Classes

via Commercial Real Estate Direct – June 5, 2017

“Luxury apartments have been the darlings of the multifamily sector’s building boom since the Great Recession. However, a number of shifting dynamics are putting pressure on the asset class, while mid-range class-B properties remain underserved by developers and investors, despite strong fundamentals.”