Chris Groves’ Post

Equity Residential buys ~$1B apartment portfolio from Blackstone. The 11 properties with > 3,500 units are in: -Atlanta -Dallas -Denver All three markets have great demand drivers for #multifamily. Based on Radix data, Atlanta and Dallas have lagged Denver (and most other markets) in the recovery this year, but future supply totals should help the markets regain balance next year and beyond. If you don't have WSJ access, here are a couple of other links: Reuters: https://lnkd.in/giKYudNg Blackstone: https://lnkd.in/gAKZyc9Z WSJ: https://lnkd.in/gbNN5nNB

Equity Residential just committed $1 billion to purchase apartments in Atlanta, Dallas, and Denver! This deal is the largest public REIT acquisition since 2017 and goes to show that the institutional investors are back in the multifamily market. There have been a lot of recent stories like this in the apartment investing world lately. The general sentiment is that after sitting out the last 18-24 months, large investors are seeing great investment opportunities in the multifamily sector. A lot of potential home buyers have been priced out of the ownership market, leaving renting as their only option. While high interest rates are not ideal for apartment investors, they do keep the renter pool large. I'll be interested to see how things play out in the coming months. My prediction: More institutions jump back into the market. #apartmentinvesting #multifamilyinvesting #realestateinvesting

We're seeing an intriguing trend in the multifamily real estate sector: the convergence of cap rates across preferred, primary, secondary, and tertiary markets. Traditionally, primary markets like NYC and LA had lower cap rates due to their stability, while secondary and tertiary markets like Austin and Nashville offered higher returns but greater risk. However, increased investor demand, economic growth, and pandemic-driven migration have compressed cap rates in secondary and tertiary markets. This shift broadens investment opportunities but also increases competition. Investors must now strategically analyze these markets to maximize returns and mitigate risks. The MSJ Multifamily Group of Marcus & Millichap #MultifamilyRealEstate #CapRates #RealEstateInvestment #PrimaryMarkets #SecondaryMarkets #TertiaryMarkets #RealEstateTrends #InvestmentStrategy #MarketAnalysis #EconomicGrowth #PropertyInvestment #RealEstateOpportunities #COVID19Impact #InvestorDemand #YieldCompression #RealEstateMarket #PropertyManagement #InvestmentOpportunities #UrbanDevelopment #MarketDiversification #RealEstateGrowth #MultifamilyRealEstate #CapRates #TreasuryYields #InvestmentStrategy #RealEstateTrends #MarketAnalysis #PropertyValues #RealEstateInvestment #YieldSpread #EconomicTrends #InvestmentOpportunities #RealEstateFinance #MarketDynamics #InvestorSuccess #GrowthOpportunities

“Equity Residential Buys Apartment Portfolio for Nearly $1 Billion - Purchase of apartments is the largest by a public REIT in seven years” Equity Residential has agreed to purchase 11 apartment complexes from Blackstone for $964 million. The portfolio includes over 3,500 Atlanta, Denver, and Dallas/Fort Worth units. This is the largest U.S. multifamily purchase by a public REIT in seven years. See The Wall Street Journal article posted in the comments below 👇. 1) Seller's Perspective (Blackstone): - Selling to return cash to investors. - Remains bullish on rental housing, having recently acquired Apartment Income REIT for $10 billion. - Blackstone sees the sale as beneficial, highlighting a strong demand for quality assets. - Perhaps Blackstone is raising cash to meet investor redemption requests. 2) Buyer's Perspective (Equity Residential): - Aligns with the strategy to expand in growth markets. - Attractive pricing compared to replacement costs. 💡Are you currently purchasing multifamily properties? Share your thoughts in the comments below 👇! Please like 👍, comment below 👇, or share 👉. Click the 🔔 in my profile to get notified of my posts. And follow me for more content like this. #home #multifamily #homerental #buildtorent

Exploring the Differences Between Class A, Class B, and Class C Multifamily Apartment Complexes: A Comprehensive Guide for Real Estate Investors Note: I will explore syndications for multi-family real estate in another blog post. Investing in multifamily apartment complexes can be a lucrative venture for real estate investors. #Amenities #BestRealEstateBlogs #BestRealEstateSocialNetwork #Buildingrealestatebusiness #BuildingRelationshipsintheRealEstateIndustry #EducationalResources #Educationalresourcesforrealestate #investmentopportunities #InvestmentProperty #realestateagentnetworkingevents

With Austin leading the pack as the #1 real estate market for pent-up demand in 2024, it's clear why NOW is the time to invest. Dive into our latest market insight to discover why Austin's economic resilience, moderate price appreciation, and job growth dynamics make it an unparalleled opportunity to buy: https://lnkd.in/gy6JEAyi Don't miss out on seizing the boundless potential of Austin's thriving real estate landscape—reach out to us today to unlock exclusive insights! - #RealEstate #Austin #TopMarket #PentUpDemand

Exploring the Differences Between Class A, Class B, and Class C Multifamily Apartment Complexes: A Comprehensive Guide for Real Estate Investors Note: I will explore syndications for multi-family real estate in another blog post. Investing in multifamily apartment complexes can be a lucrative venture for real estate investors. #Amenities #BestRealEstateBlogs #BestRealEstateSocialNetwork #Buildingrealestatebusiness #BuildingRelationshipsintheRealEstateIndustry #EducationalResources #Educationalresourcesforrealestate #investmentopportunities #InvestmentProperty #realestateagentnetworkingevents

SALE Learn More: https://lnkd.in/eYpaCMin IMAGE: Mark Parrell, Alec Brackenridge, Stephen A. Schwarzman & Asim Hamid DATE: 08/07/2024 ADDRESS: Multifamily Portfolio MARKET: Atlanta, Denver & Dallas-Fort Worth ASSET TYPE: Multifamily BUYER: Mark Parrell & Alexander Brackenridge - Equity Residential SELLER: Stephen A. Schwarzman & Asim Hamid - Blackstone SALE PRICE: $964,000,000 UNITS: 3,572 ~ PPU: $269,877 NOTE: Equity Residential is buying 11 apartment properties from Blackstone for $964 million, adding 3,572 units in Atlanta, Denver, and Dallas-Fort Worth to its portfolio. The deal, expected to close in Q3 2024, aligns with Equity’s strategy to expand in growth markets and allows Blackstone to return cash to investors. #Texas #RealEstate #TradedTexas #Atlanta #Denver #Dallas #FortWorth #Multifamily #StephenASchwarzman #AsimHamid #Blackstone #MarkParrell #AlexanderBrackenridge #EquityResidential

Deal Alert! We're hosting a webinar on Thursday, 8/22, at 4 p.m. Eastern to discuss Trion Properties, Inc.'s latest investment opportunity, Fieldstone Glen Apartments, in Jonesboro, GA. The link to register is below in the comments. This is a 216-unit, 2003 vintage institutional-quality asset. We're acquiring the asset at $157k/unit, and inferior comparable properties have recently traded for over $200k/door. We're buying it north of a 6% cap rate and will have 117 basis points of positive leverage on day one. The greater Atlanta market has had operational challenges, but this asset is performing well with 95% occupancy and very little delinquency. The current economic landscape has created a window of opportunity to acquire multifamily properties at significantly discounted prices. Fieldstone Glen offers an opportunity to invest in a high quality well-performing asset and capitalize on the market dislocation. This offering is available to accredited investors. #multifamily #realestate #passiveincome #realestateinvesting #realestateinvestments.

Commercial investing offers passive investors an enticing opportunity to diversify their portfolios, generate steady income, and potentially achieve long-term capital appreciation. Whether through multifamily properties, retail spaces, or syndicated deals, there are various avenues for investors to explore within the commercial real estate market. By striking the right balance between active and passive strategies, investors can build a robust and resilient investment portfolio that stands the test of time. #REI #AffordableHousing #multifamily