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

Ivan Kaufman’s Real Estate Blog

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.”

Weekly Roundup Intro: Week of September 7, 2020

In this week’s selections of news, industry research provides economic data that underscores the resilience of multifamily investments, even in the current, challenging COVID-19 economy. We begin with a video, in which Sam Chandan, the founder of Chandan Economics and dean of New York University’s SPS Schack Institute of Real Estate, briefly reviews multifamily metrics indicating the sector’s strong performance. Mortgage Professional America provides data that shows multifamily’s continued rent growth. GlobeSt highlights the Arbor Realty Trust – Chandan Economics report which explains why multifamily cap rates are holding steady. Moody’s Analytics REIS offers key takeaways about the economy in the second quarter, which directly impact commercial real estate. Finally, REBusinessOnline describes ways in which multifamily properties are changing to accommodate coronavirus-related demands and trends.

Video: Small Multifamily Shows Resilience

Arbor Chatter – September 9

“In the approximately three-minute video, Sam Chandan, founder of Chandan Economics and dean of New York University’s SPS Schack Institute of Real Estate, discusses tenant payments and other key metrics of the multifamily asset class.”

Multifamily Rent Growth Sees Second Consecutive Uptick in August

Mortgage Professional America – September 10

“Multifamily rent growth sees second consecutive uptick in August.”

Finance Rates for Small Multifamily Real Estate Find Stability

GlobeSt – September 8

“With COVID-19 causing many young households to reconsider their housing location preferences, the small multifamily subsector may prove more resilient in re-leasing and maintaining stable occupancies over the medium term.”

Q2 2020 Quarterly Economic Briefing – Economic Overview Takeaway

Moody’s Analytics REIS – September 10

“Get the key takeaways on the second quarter Economic Outlook, presented in the Q2 2020 Quarterly Economic Briefing. We provide an overview of the economy, labor markets, and our expectations for the shape of this recovery.”

 

(5) Texas Multifamily Developers, Architects Improvise
https://rebusinessonline.com/texas-multifamily-developers-architects-improvise/

REBusinessOnline – September 10

 “Multifamily developers and architects are tasked with trying to judge the staying power of these changes and to find balances between implementing features that promote safety and wellness without busting their budgets.”

Weekly Roundup Intro: Week of August 31, 2020

This week’s selection of news covers the current economic realities of real estate investments as well as updated research on the fundamentals which continue to support multifamily as a strong asset class. We start off with an Intercontinental Exchange podcast, where I was interviewed on both the short- and long-term impacts of the COVID-19 pandemic on multifamily. In our Chatter blog, Arbor Realty Trust and Chandan Economics articles review the headwinds multifamily faces and the data pointing to cap rate stability. Multifamily Executive provides an assessment of why multifamily “has so far defied gravity,” considering the coronavirus-related job losses. Finally, GlobeSt highlights an Apartment List report, indicating renters are searching locally or in smaller markets outside the 50 largest markets that typically dominate search volume. 

Arbor Realty Trust CEO Ivan Kaufman Builds an Empire from Multifamily Homes (Podcast)

Intercontinental Exchange – August 24

“Ivan Kaufman, Chairman and CEO of Arbor Realty Trust, Inc. (NYSE:ABR), has had a front row seat as technology, combined with economics, urban flight, and commoditization has upended the real estate market.”

Navigating the Headwinds: Multifamily Amid COVID-19

Arbor Chatter – August 31

“While tenant performance measures have taken a marginal hit, they have stabilized and held up better than early predictions had suggested.”

Falling Risk-Free Rates, Rising Risk Premiums Lead to Small Multifamily Cap Rate Stability

Arbor Chatter – September 2

“Falling risk-free interest rates have the effect of reducing cap rates, while increased operational risks have the effect of widening cap rates. When both phenomena happen at the same time, the net result is cap rate stability.”

Byrum: Positive Signs for the Multifamily Sector

Multifamily Executive – September 1

“During the start of the COVID-19 pandemic, apartment residents froze in place, with the nation seeing the highest renewal rates in April.”

Inbound Migration Drops in the Largest Metros

GlobeSt – September 3

“Affordable markets are seeing a boost in rental interest, especially if they are in driving distance of large job centers.”