Apartment retention rates are up, but rent growth is down. Operators are seeing increased short-term rentals on renewals due to COVID-19, but new leases are not achieving rent growth due to lower pricing on longer-term commitments. Metros that..
Below is CBRE’s assessment of the impacts on the CRE industry as a direct result of COVID-19 in a thorough research piece released on March 27, 2020.
The prediction is that the negative effects will peak at the end of Q2 and we will see a ~7%..
One way to reduce upfront costs during diligence is to determine whether a preferred equity provider can re-use existing third-party reports. Every provider will have specific guidelines that apply on a case-by-case basis, but sponsors may want..
Construction-related issues begin to take hold as COVID-19 tears through the nation. Construction delays from the stay at home orders (affecting permits) and global supply-chain constraints led to the lowest 1Q20 deliveries in nearly a decade in..
The multifamily industry has seen some minor effects of the COVID-19 pandemic, but the performance was better than expected after rent collections. Class C properties will be hit the hardest, as well as those markets that are travel and..