The multifamily housing sector has experienced a significant transformation over the years, driven by changing demographic trends and lifestyle preferences. As more individuals and families choose to reside in apartment complexes and condominiums, developers and property managers have recognized the importance of providing amenities that cater to the diverse lifestyle needs of residents. This article explores the rising significance of amenities ...
If this is your first foray into investing, or if you're considering diversifying your commercial real estate (CRE) portfolio, there are plenty of reasons to consider multifamily real estate. While other forms of CRE may see varying demand in the evolving post-COVID environment, multifamily real estate has a major advantage. No matter where people choose to work, or if they work remotely or in an office, they need a place to live. The rising inte ...
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After two-quarters of extraordinary growth, the Phoenix multifamily market has started to cool down. Vacancies were up significantly this quarter, and average asking rates showed their first decline in nearly a decade. Additionally, sales a ...
During the past two years, prices for single-family homes rose at record-breaking rates, forcing many first-time buyers to postpone their plans and continue to rent. In addition, demand for affordable multi-family housing increased as more Generation Z renters (age 18 to 23) left their family homes for apartments. Thi ...
Purchasing a rental property with existing tenants sounds like a no-brainer: After all, the issue of locating tenants in the first place is solved, right? Maybe, but there's more to it than that. You must understand what you're getting into before diving headfirst into a tenant-occupied rental property purchase, especially if you're new to