Alterra IOS Acquires 3 Industrial Outdoor Storage Sites In Atlanta MSA - https://lnkd.in/g9rvk6Bj Follow #citybizAtlanta - https://lnkd.in/eVpYqRWn Charlie Totten, Alterra Property Group, Mark Gannon #realestate #commercialrealestate #mergersandacquisitions #acquisition #cre #Industrial #industrialoutdoorstorage #IOS #realestatemanagement #realestateinvestment #realestatedevelopment #leasing #development #management #investment
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I've been of the view the "institutional investors are on the sidelines" narrative has been a bit exaggerated -- at least for multifamily and single-family rentals. And today's big news might be more evidence of that: Blackstone is buying Tricon's 38k SFR portfolio for $3.5 billion. Few (if any) deals will match that scale, but it wouldn't surprise me to see moderately increased institutional activity this year in both rental housing asset types. (To be clear: I'm not suggesting anything like 2021-22 volumes.) Many of them have dry powder, aren't quite as hindered by redemptions as headlines suggest, and still buy into the longer-term case for SFR and multifamily... even if the immediate short-term is more challenging. Remember that market direction/momentum is often more important than any current market stats. Investing in 2023 was a challenge as rates climbed and rent growth slowed, creating a lot of uncertainty. And uncertainty is a deal killer. Signs that rates could drop and rent growth/cuts stabilize (depending on sector/location) could give some (again, not all) investors better confidence to make some bets deploying capital. You could expect some further erosion in asset values (particularly in multifamily) but make the case that it'll be moderate enough for the right deals with right hold periods to make sense. Lastly: The crystal ball is fuzzy these days, so take this with a grain of salt, and I welcome opposing viewpoints in the comments. This will be an interesting trend to watch in 2024. #SFR #CRE #multifamily https://lnkd.in/gYAyJamy
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Without a doubt, the most resilient and performing segment- rental housing in the US.
The January announcement that Blackstone has acquired Tricon Residential for $3.5 billion, which was topped with another announcement earlier this month about acquiring AIR communities for $10 billion, created an evident industry buzz. This hasn't only confirmed Blackstone's commitment to the US rental market but underscored the sector's potential as a robust investment avenue. Today, we've seen Blackstone further increase their stake by billions, a strong signal of the multi-family sector's appeal and stability. From Electra Real Estate's perspective, these developments align with our long-held belief in the value and resilience of Single-Family-Rentals and Multifamily investments. Amit Perry our head of Multifamily and Single-Family-Rentals division: "Watching these strategic acquisitions unfold only strengthens our belief in the residential rental market's growth. They affirm our strategy to seize these opportunities, highlighting the market's robustness and resilience. Blackstone's significant investment activities serve as a powerful indicator of the sector's future potential". Amir Yaniv Gil Rushinek Roy Maor Joe Lubeck #realestateinvestment #multifamilysector #strategicgrowth
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Documenting my journey through mobile home park investing. We keep life simple by solving for investor returns of 18%+ IRR and 2x equity multiple minimum in 5 years. Alone I can’t, together We Can! Invest with us 👇🏻
Navigating Mobile Home Park Investments: A Smart Business Move Ready to explore the world of mobile home investments? Here's what you need to know: 🌟Profitable Ventures: Uncover the potential returns in mobile home park investments. 🌟Strategic Acquisitions: Our approach to securing lucrative properties. 🌟Maximizing Returns: Tips for optimizing investment opportunities in the mobile home industry. 🌟Community Development: Building thriving communities while building your portfolio. 🌟Financial Freedom: How mobile home investments can pave the way to financial independence. Get ready to dive into the business side of mobile homes with our team! 🚀💼 #mobilehomeparkinvesting #mobilehomes #mobilehomeinvestor #incomeproperty #incomeproducing #incomeproducingrealestate #investmentproperty
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Celebrating a Decade of SmartCap: 10 Years of Innovation & 15 Years of Excellence in Real Estate! We are thrilled to share a momentous milestone with you all as, SmartCap, our esteemed private equity real estate company, is marking a decade of transformative success! SmartCap focuses on anticipating market trends, strategically acquiring or developing properties that lead the market. Today, as we celebrate our 10-year anniversary, we are also also reflecting on our broader journey of excellence in the commercial real estate sector. It all began with our very first deal on January 1, 2010, a pivotal moment that ignited our passion for reshaping communities, reshaping landscapes, and providing high ROI’s to our investors. For the past decade, SmartCap has been at the forefront of innovation, consistently delivering projects that redefine industry standards and exceed expectations. With over $460 million in total transactions, and nearly $500MM in current assets under management, our track record speaks volumes. Our commitment to excellence is further exemplified by our portfolio's impressive 23% IRR paid to investors, net of fees and expenses over the last decade. At SmartCap, we put investors first by offering industrial-strength values in both office and warehouse investments. We prioritize not just profits, but enduring partnerships built on trust and transparency. As we commemorate this milestone, we extend our deepest gratitude to our investors, partners, and dedicated team members who have been instrumental in our journey. Your trust, support, and shared vision have propelled us forward and enabled us to make a meaningful impact in the world of commercial acquisitions and development. Join us in celebrating 10 years of SmartCap, alongside 15 years of pioneering excellence in the industry. Here's to the achievements of the past and the exciting opportunities that lie ahead! #SmartCap #CommercialDevelopment #IndustrialDevelopment #OfficeInvestments #WarehouseInvestments #10YearAnniversary #15YearsOfExcellence #RealEstate #Innovation #Milestone #BuildingTheFuture
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Yes, like our competitors we are fielding a lot of Recapitalization requests. Many of of our Capital Sources are solely focused on this and pushing Preferred Equity as the solution. However, so are their competitors. A minority of our Sources are also still active in Acquisition Value Add and New Construction. They are enjoying being among an Oligopoly of those "Making Moves" in the Market and winning. These Fund's current strategy is paying off as they have much less competition for the best Value Add and New Construction Deals. These Deals - from HJ anyway - have strong Sponsorships, Metrics, Demographics, Geographies, etc. HJ Places Senior, Mezzanine, Preferred, Participating Preferred, LP, CO-GP and JV Capital. Michael@hj2day.com
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At Riaz Capital, we see opportunity where it counts - amid crises, and in buildings that are diamonds in the rough. Our value-add acquisitions have strong fundamentals, but are either financially distressed or in need of focused upgrades that drive income and investor returns. A $6.5M renovation to 220 Grand Avenue expanded the unit count from 8 to 11, resulting in 33 rentable suites. We spruced up both units and common areas while making aesthetic improvements to the exterior. Additionally, we integrated tech enhancements like smart locks and a virtual doorman. Our transformation of 220 Grand is a prime example of our value-add process in action! Looking forward, our Distressed Value-Add Fund will continue to build on our value-add experience to generate cash flow and returns for our investors. Learn more at the link: https://lnkd.in/gQw_F92v #DistressedValueAddFund #RealEstateInvesting #BayAreaRealEstate #InvestInRealEstate #ValueAddFund
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The company’s US$3.5 billion deal to buy Tricon Residential Inc., a Toronto-based landlord, will plunge the asset manager deeper into a single-family rental industry it helped create more than a decade ago. The transaction signals that the undersupplied housing market remains an attractive target for investors as dealmaking picks up. Tricon, led by former Goldman Sachs Group Inc. banker Gary Berman, also has sought to capitalize on a housing shortage in Canada. The firm has more than 5,000 apartment units at various stages of delivery in Toronto. The company estimates that its Canadian real estate portfolio may bring in $50 million of net operating income in 2028. https://lnkd.in/g-_3DJTZ
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In conjunction with its November 6 #bankruptcy protection filing, WeWork released an initial list of proposed lease rejections representing 69 locations in the U.S. and Canada, including 40 locations in #NewYorkCity. The company plans to rationalize its commercial #realestate footprint by addressing its legacy leases to improve its balance sheet. KBRA Credit Profile (#KCP), a division of KBRA Analytics, identified 12 properties—$1.85 billion by allocated loan amount (ALA)—collateralizing 12 loans in 29 deals with exposure to a proposed lease rejection. KCP subscribers can access that list here. In addition, there are two properties collateralizing two #loans contributed to five commercial real estate collateralized loan obligation (CRE CLO) #securitizations with exposure to a proposed lease rejection. Learn more: https://lnkd.in/gfFhagi5
KCP Special Report: WeWork Bankruptcy – Proposed Lease Rejections
kbra10560.activehosted.com
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New post: H1 2024 SFR Rental Acquisitions Overview Read it here: https://lnkd.in/gnAPecUr In this data-driven analysis, we dive deep into single-family residential rental purchases made during the first half of 2024. Our comprehensive report includes: - A ranking of cities with the most residential rental purchases made, along with ranges of gross yields offered in those cities - Metro-level gross yield heat maps broken down by ZIP code - A breakdown of the differences in purchasing behavior between institutional investors and non-institutional investors
H1 2024 SFR Rental Acquisitions Overview
sfranalytics.substack.com
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Vision 2028: Our Path to $400M AUM Our portfolio holds over 200 multifamily units with $100M under management. By 2028, we aim to expand by adding 400 units and reaching $400M. Here's our plan: Strategy We focus on Connecting Communities by developing affordable, high-quality projects. Tailoring customized solutions for each community, we create long-term value to boost community and investor returns. Market We analyze factors like population growth, supply constraints, and economic diversification. We're bullish on the Greater LA area, especially with the unique outlook to come with the 2028 LA Olympics. Acquisition Our acquisitions team is split into 2 divisions. The on-market team builds relationships with brokers, while the off-market team connects with property owners, targeting assets often overlooked by brokers. Relationships Our strength lies in building and maintaining relationships. By engaging with owners, brokers, and the community, we secure prime deals and ensure our projects align with community needs. Connecting the Verticals Our integrated services and collaborative approach create real estate efficiency. Effective asset and property management, efficient construction practices, and regular financial monitoring ensure smooth operations and robust cash flow.
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