Excelsa

Oversupply in the multi-family sector is expected to ease starting 2025. Data from CoStar reflects a drastic decrease in new inventory deliveries after record-high deliveries in the last couple of years, particularly as developers have pulled back primarily due to rising costs of debt and construction. Deliveries are expected to cut in half next year, reaching levels not seen since 2016. Moreover, this soft supply is expected to continue through 2027 allowing multi-family fundamentals to improve during this period. This shift in the supply of multi-family units points to a more favorable market environment for investors, where the focus is redirected from concerns about oversupply to identifying opportunities for operational improvements and long-term growth. #Multifamily #RealEstateTrends #SupplyAndDemand #RealEstateInvesting #RealEstate #MultiFamilyInvesting #InvestmentStrategy

Although high construction loan rates have slowed new multi-family projects and increased concessions in oversupplied markets, David Fletcher, Managing Director and Head of Acquisitions at Excelsa Properties, expects the market to stabilize with reduced concessions and stronger pricing strategies as developers become more rational. Dive deeper into the latest trends in multi-family real estate with the full Multi-Housing News article on the following link: https://lnkd.in/eGRX5GKR #MultifamilyRealEstate #RealEstateInvestment #PrivateEquity #Residential #MultifamilyInvesting

Despite recent challenges faced by the real estate industry after rising interest rates, the outlook is starting to shift due to anticipated cuts by the Federal Reserve. In light of the recent significant interest-rate cut of 0.5%, the first of its kind in four years, optimistic opportunities lie ahead, especially for the multifamily sector, as lower borrowing costs make financing more attractive. David Fletcher, Managing Director and Head of Acquisitions at Excelsa Properties, explains how older multifamily assets, in particular, are presenting compelling value as market conditions evolve. Learn more about the impact of interest rates on multifamily real estate from his recent interview with Multi-Housing News: https://lnkd.in/ez8USGbJ #RealEstate #MultifamilyInvesting #RealEstateTrends #InvestmentStrategy

Our recent acquisition of The Drake at St Pete in St. Petersburg, Florida, reflects our strategic focus on US multifamily, capitalizing on the unique and untapped potential we've identified in Florida. Learn more about our most recent acquisition on Multifamily Dive here: https://lnkd.in/eaGzDyq5 #realestate #privateequity #multifamily #residential #multifamilyinvesting

🏢ACQUIRED! We are excited to announce the acquisition of The Drake at St Pete, a 477-unit multifamily property in St. Petersburg, Florida. The deal was jointly acquired by Excelsa US Real Estate II, LP and an Excelsa co-investment vehicle. The Drake at St Pete is a garden-style multifamily property boasting 477 units spread among 36 residential buildings and a clubhouse/leasing center. The property also includes impressive facilities such as a 24-hour fully-equipped fitness center, three resort-style pools, two dog parks, and a picnic area. The property is located in the booming Tampa-St. Petersburg-Clearwater MSA, hosting six Fortune 500 firms, including two headquarters, and over $5 billion worth of transformative urban developments. It is also home to healthcare facilities, entertainment sites, and reputable educational institutions, making The Drake at St Pete an exceptionally well-connected property. “From the start, the combination of compelling pricing, a very attractive location, and zero directly competing properties excited us about The Drake at St Pete. Ultimately, after proving out the profitable value-add proposition, we closed the deal with conservative debt financing, which provides accretive leverage,” said David Fletcher, managing director at Excelsa Properties. Read more about the acquisition on Yield PRO media here: https://lnkd.in/ehGT_bS6 #realestate #privateequity #multifamily #residential #multifamilyinvesting

🏢ACQUIRED! We are excited to announce the acquisition of Pear Ridge, a 168-unit multifamily property in Dallas, Texas. The deal was jointly acquired by Excelsa US Real Estate II, LP and an Excelsa co-investment vehicle. Spread across 5.67 acres of land, Pear Ridge’s garden-style apartment layout and extensive amenity package are especially attractive to residents, evidenced by occupancy rates highest among comparable properties. Pear Ridge’s prime location offers its high-income tenants unique connectivity to major transportation routes, notable employment centers, and a wide selection of entertainment sites. “Pear Ridge is ideally located in the Dallas-Fort Worth (DFW) metropolitan area.” said David Fletcher, managing director at Excelsa Properties. “The area enjoys very high job growth and solid employment which support occupancy, rent growth and asset valuations. Pear Ridge will benefit as the Dallas economy grows.” Read more about the acquisition on Yield PRO media here: https://lnkd.in/eyQgB5f4 #realestate #privateequity #multifamily #residential #multifamilyinvesting

Eid Adha Mubarak ✨ ✨  عيد أضحى مبارك

We are excited to announce our partnership with Vennre, a UK-based platform that offers institutional-grade investment opportunities in private markets. We appreciate the professionalism of the Vennre team, and look forward to combining our real estate investing experience with their innovative platform to enhance investors' access to alternative #investments. #RealEstate #Multifamily #PrivateEquity

Eid Mubarak!✨ !عيد مبارك

🌙 Wishing everyone a blessed and peaceful month. Ramadan Kareem! ✨