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

Ivan Kaufman’s Real Estate Blog

Weekly Roundup Intro: Week of June 15, 2020

This week’s look at multifamily news points to promising investment opportunities with the reopening of businesses amidst signs of economic recovery. Arbor’s curated update provides insights about specific metros showing resilience, and the reasons behind their anticipated strength. First, Realtor.com explains how tech hubs are leading cities in recovery from COVID-19 losses. Next, RealPage takes you to five locations which look solid for real estate investments. All of them were best kept secrets coming into 2020. An Arbor Chatter blog infographic showcases Phoenix, where the apartment sector had the highest rent growth in the nation. Multifamily Executive reviews steps multifamily owners and operators are taking as states phase in re-openings. Finally, NREI explores the benefits for businesses starting new multifamily developments in today’s economic environment.

Tech Hubs May Have the Edge in the Housing Recovery

Realtor.com – June 18

“The overall recovery index is showing greatest recovery in Denver, Boston, Seattle, San Francisco and San Diego, all five being established tech hubs with strong job markets pre-COVID.”

Better-Than-Expected Local Apartment Market Performers

RealPage – June 15

“Here are five markets where results continue to look relatively solid, or at least are better than many would have anticipated in the event of a big-time national disruption.”

Phoenix Multifamily Market Snapshot — Q1 2020

Arbor Chatter – June 16

“The average asking rent in Phoenix increased 6.9% during the 12 months ending in March 2020, according to Moody’s Analytics REIS, and has risen every quarter since third-quarter 2010.”

Multifamily Owners and Operators Navigate the Reopening of States

Multifamily Executive – June 12

“As states begin reopening in phases after stay-at-home orders blanketed the nation due to the COVID-19 pandemic, apartment owners and operators are heeding guidance, prioritizing communication, and making decisions based on the market.”

When Will Building New Units Make Sense Again? Apartment Developers Remain Uncertain

NREI – June 18

“Some lucky multifamily developers will start work on new apartment projects at the perfect time, as the U.S. begins to recover from the economic crisis caused by the COVID pandemic.”

Weekly Roundup Intro: Week of June 8, 2020

The multifamily market continues to show positive signs for investment opportunities with this week’s highlights of industry news and information. The Mortgage Bank Association reviews the U.S. Census Bureau’s Rental Housing Finance Survey, which confirms the strength of the small multifamily market. The Urban Land Institute reports on the growing role of families in rental housing. Arbor’s Chatter blog focuses on Phoenix, an area expected to offer long-term multifamily investment potential despite the COVID-19 disruptions. Finally, the National Association of Home Builders provides data pointing to the expansion in multifamily and single-family rentals in lower density regions.

HUD/Census: Nearly Half of Rental Units Are in Small Multifamily Properties

MBA – June 5

“For these small rental properties, nearly 73 percent (14.1 million) are owned by individual investors and more than one-third (7.9 million) have a mortgage or similar debt.”

Family Renter Housing: A Response to the Changing Growth Dynamics of the Next Decade

Urban Land Institute – June 4

“Although the number of families living in the United States remained relatively constant during the past decade, this demographic is poised to experience significant growth in the 2020s and beyond as more and more millennials have children.”

Market Spotlight: Phoenix Multifamily on Solid Ground
Arbor Chatter – June 9

“The market had the highest rent growth in the nation, along with an active development pipeline and high investment activity.”

Multifamily Construction Gaining Market Share in Low Density Markets

NAHB – June 5

“Over the past year, apartment construction growth in less dense markets has outpaced expansion in larger metropolitan areas, leading to changes in apartment construction market share.”

Midwest Region Still Seeing Rent Growth in May

RealPage – June 8

“This reading was boosted by performances in Cincinnati, which posted growth of 2.8%, and Indianapolis and St. Louis, which saw increases close to 2%.”

Weekly Roundup Intro: Week of June 1, 2020

This week our review of industry news looks at the multifamily market including leasing, financing and construction. In an episode on “The Urban Lab” podcast, I had the opportunity to share thoughts with economist Sam Chandan on the outlook for multifamily. Next, RealPage analyzes the uptick in May lease signings. In the third article, Multi-Housing News assesses the results of a J Turner Research rent collection survey, which points to positive results for June payments. Arbor’s Chatter blog covers an IMN webinar on how the coronavirus is affecting financing in the build-to-rent space. Finally, NREI reports on construction of affordable housing, as developers and investors move forward, while navigating the challenges the virus presents. 

Podcast: The Strength of Multifamily Despite COVID-19

Arbor Chatter – June 1

“Arbor Realty Trust Chairman and CEO Ivan Kaufman shares his multifamily insights, as the featured speaker on The Urban Lab. The podcast is hosted by Sam Chandan, the Silverstein chair at NYU’s Schack Institute of Real Estate.”

 Apartment New Lease Signings Surge in Late May

RealPage – June 4

“In the last seven days of May alone, lease signings came in 19.4% higher than the same time period last year. That followed an increase of 7.4% in the prior week.”

Rent Collection Survey Predicts Increase in June Payments

Multi-Housing News – June 4

“A new national survey of multifamily residents predicts rent collection of 84.3 percent by June 10, up about 5 percent from the same time in May.”

What COVID-19 Means for Build-to-Rent Financing

Arbor Chatter – June 4

“The COVID-19 crisis will increase build-to-rent opportunities.”

Affordable Housing Developers Remain Eager to Build New Projects

NREI – June 4

“Affordable housing projects continued to move forward in many areas in spite of the COVID-19 pandemic, although some obstacles have emerged.”