Morgan Properties’ Post

Distress is a term often used by folks who are looking for a deal. In many cases, it usually identifies a winner and a loser. Westmount Square Capital we pride ourselves on being creative, dynamic, but most importantly collaborative. Our exacting approach is certainly with the intention to win for our investors, but it is also cooperative in nature as to avoid inertia and limit emotion with other parties. When we find multifamily distress, we approach it as a partnership. As an investor, we work with the incumbent owner/lead sponsor to find a swift resolution that achieves our minimum return thresholds while trying to salvage the interests of the deal's stakeholders.    This is the approach we used for our latest distressed acquisition in Jacksonville, FL (two properties/185 units). We really enjoyed structuring this one and our playbook is set for similar opportunities. We want to thank our partners at Miramar Capital Advisors for their collaboration on this transaction.   If you are a sponsor, LP, or participant with a financial interest, exposed to Central/Northern Florida, you are likely facing structural headwinds: interest rate volatility, ballooning insurance costs, staffing shortages, capital structure drag, or operational tribulation...#distress. We can work with you and we would love to share our story - reach out if you care to discuss. #multifamily #valueadd #jacksonville #florida #multifamilyinvesting #floridarealestate https://lnkd.in/giWqCbQj

🏢 Breneman Capital's Strategic Moves in Chicago's Real Estate Market 🌆 We're excited to share two significant transactions as 2023 draws to a close, totaling over $21.5 million. These deals focus our portfolio in one of Chicago's most desirable areas. 1️⃣ Our acquisition of the 47-unit Ashland Place at 33 S. Ashland Ave. in the West Loop for $17.95 million is a testament to our commitment to high-value areas in Chicago. This modern property, built in 2018, fits perfectly with our strategic goals. 2️⃣ Following this, we successfully sold an eight-unit building at 3332 W. Palmer St. in Palmer Square. Acquired in 2019, we've enhanced its value through dedicated management and improvements. These moves reflect our approach to investing in resilient areas with strong market demand, like Chicago's West Loop. We're proud to contribute to the city's dynamic real estate landscape and look forward to more opportunities in the future. https://lnkd.in/d5cfk2hj #BrenemanCapital #RealEstateInvestment #ChicagoRealEstate #StrategicGrowth #WestLoopChicago

While we’ve done dozens of development deals in the past few years, we’re excited to announce our first property purchase since February 2020: the impending acquisition of a 300-unit garden-style multifamily property in suburban Dallas.     In today’s Bisnow article, Origin Co-CEO David Scherer discusses the impact of recent high-profile transactions by investment giants like KKR and Blackstone. With stabilized interest rates and strong fundamentals, multifamily demand is set to outpace supply. Read the article here: https://bit.ly/3XIGcFY #realestate #multifamilyinvestments #markettrends 

Blackstone’s $10B Multifamily Buy: A Strong Message to the Market As I shared during a recent panel at the Appraisal Institute - Metro NJ Chapter Conference in Princeton NJ, I emphasized the significance of Blackstone’s monumental $10 billion acquisition of AIR Communities. This strategic move by the institution sends a powerful message to the market, reflecting a shift in investor sentiment and providing valuable insights for industry stakeholders. Especially noteworthy is the fact that private capital typically moves much quicker than institutions. Thus, the institutions’ decisive action at this juncture indicates even greater confidence in the market. When institutions are making moves, it signals that this is indeed the time to take action. Despite recent challenges, including projections of temporary lower occupancy due to anticipated supply through 2025, the multifamily sector remains resilient. With single-family homes becoming increasingly expensive for home ownership, the demand for rental apartments is expected to rise, further bolstering the appeal of multifamily investments. This trend was further underscored by Blackstone’s recent acquisition of Tricon Residential , a single-family home operator, for $3.5 billion. Blackstone’s 10B acquisition underscores the value proposition of multifamily properties at this juncture. It signals confidence in the market and asset class and highlights opportunities for investors to capitalize on potential upside. As we navigate through evolving market conditions, staying attuned to transformative developments such as this is crucial for making informed investment decisions. #RealEstate #Multifamily #Apartments #Investment #MarketInsights #PropertyInvestment #Advice #newjersey Appraisal Institute Connor Montferrat Matthew Englehardt The Eider Group at Marcus & Millichap

📢 Real Estate Insights: Now is a Prime Time to Buy Apartments! 🏢 Key Takeaways from Hamilton Point Investments: Strategic Acquisitions: In May and June, Hamilton Point Investments (HPI) bought four new properties in Houston for $195 million, totaling 1,174 units. Cost Efficiency: These assets were secured at $166,100 per unit, significantly lower than the $210,000 per unit cost from two years ago. Market Timing: HPI's co-founder Matt Sharp highlights that current prices offer the best buying opportunities since 2010-2011 due to an overbuilt market. Investment Strategy: Focus on nearly brand-new properties directly from developers, purchasing below development cost. Fundraising Success: Continuous interest in apartment investments with strong demand from their investor base, driven by the potential for rent inflation and cash flow stability. Technology Integration: While embracing technology, HPI values human interaction, especially in maintenance, and avoids over-reliance on pricing software to maintain tenant affordability and relationships. 👉 According to Matt Sharp, this favorable buying window is expected to last through the end of the year, making it an excellent time to invest in multifamily properties. Stay tuned for more real estate insights! #Colliers #Pittsburgh #MoreIn24 #ThriveIn25 #ClosersCoffee #ColliersCapitalMarkets https://lnkd.in/e7um6mbe

Blackstone's largest multifamily deal, valued at $10 billion, is the acquisition of Apartment Income REIT (AIR Communities). This signals Blackstone's return to investing in multifamily properties after a pause due to higher interest rates. The acquisition, at $39.12 per share, showcases Blackstone's confidence in stable rates and commitment to quality assets. With 76 properties and over 27,000 units, primarily in coastal markets, the deal strengthens Blackstone's presence in the multifamily sector amid market uncertainties. #Blackstone #MultifamilyDeal #RealEstateInvesting #PropertyAcquisition #InvestmentStrategy #CoastalMarkets

Back to basics...rent growth and stabilized occupancy drove investors to 10 markets last year. Reach out for a breakdown of each. Chicago Title NCS Seattle #cre #commercialrealestate #realestateinvesting #realestate #apartments #multifamily #multifamilyinvesting

Liya Mo, Vice President of Acquisitions and Originations, and Edward Platts, Analyst, attended Bisnow's Southeast Single-Family Rental, Build-to-Rent, and Master Planned Communities event in Orlando, FL on October 26th, 2023. Liya Mo was a speaker at the event and shared her current views on land acquisition, new market expansion, and tailoring the design of Lafayette’s Build for Rent (BFR) communities to residents' evolving needs. Below are some of the key highlights: 🏡 Strategic Shift in our Acquisition Strategy: Lafayette has adjusted its acquisition strategy from buying finished homes to buying land to align with market conditions which have changed a lot since Lafayette started investing in BFR communities in 2019: cap rates on finished homes went from 6% in 2019 to 4% in 2022 and are now back up closer to 6%. This has pushed Lafayette to stay nimble and spend more time on land deals in 2023 for which 7% cap rates are achievable. 🏡 New Market Underwriting: When considering expanding to a new market, Lafayette places more emphasis on understanding the multifamily supply and demand dynamics of that market. Beyond traditional underwriting metrics such as income, population, and crime rates, Lafayette recognizes the potential multifamily oversupply in over a dozen markets, thus taking a holistic approach to ensure strategic market entry. 🏡 Adapting Community Design: Thanks to our direct feedback loop and constant collaboration with Brandywine Homes USA, Lafayette's property management affiliate, we continuously adapt the specs and design of our communities to evolving tenant needs. Notable enhancements in our BFR communities include backyard fences (catering to more than 50% of tenants who have pets!), lawn maintenance services, smart home packages, and washers/dryers. #sfr #btr #singlefamily #buildforrent #realestate #residentialrealestate🏡📈

👀 INDUSTRY TAKE 👀 The recent acquisition of Ballard's Koi Apartments by a joint venture of Timberlane Partners and STARS REI highlights the challenges and opportunities in today's real estate market. With the purchase price significantly below replacement cost and prevailing high interest rates making traditional financing costly, the deal stands out as a strategic move. #GoodWork The joint venture's recent acquisition of Wilcox Apartments further underscores their ability to identify undervalued opportunities and navigate market complexities. With a bullish outlook rooted in expectations of a sharp recovery over the next few years, like them, 1892 Capital Partners stands poised to support investors in realizing their goals amidst market uncertainties. In this ever-emerging credit market, our team emerges as a valuable resource. As a direct hard money lender, we provide financing solutions for opportunistic acquisitions where other lenders may not. https://lnkd.in/gYjHm5uC

Huge news in our CRE space, specifically the multi-family sector…a BIG TIME doubling down BY Blackstone… Excerpts from this The Wall Street Journal —- ‘It reflects the firm’s bullishness on rental housing and its belief that commercial real estate overall is bottoming and the time is ripe to step up investments…. “We can see the pillars of a real-estate recovery coming into place,” Blackstone President Jonathan Gray said on an earnings call earlier this year. “We are, of course, not waiting for the all-clear sign and believe the best investments are made during times of uncertainty...” …The commercial real-estate market has been suffering its worst downturn since the 2008-09 financial crisis. Higher interest rates have hurt values of most property types… “If I’m a seller, I’m holding out hopes that the Fed does as it’s signaling,” said Jim Costello, chief economist of MSCI Real Assets. “If I’m a buyer, I will underwrite every worst case before I jump in.” “The public market has probably overshot,” Pawlowski said (John Pawlowski, an analyst at real estate analytics firm Green Street)… “It’s gotten too negative.” Blackstone considers multifamily, and rental housing in general, one of the best commercial property segments to invest in. —- I sure hope John Pawlowski is correct in his prognostication! There will always be opportunities for the vigilant…🇺🇸 🔮 NC-CCIM The CCIM Institute Charlotte Region Commercial Board of REALTORS® REALTORS® Commercial Alliance of Southeastern North Carolina (RCASENC) #commercialrealestate #multifamily #housing #interestrates Federal Reserve Board #endurancerealestate https://lnkd.in/ePz8gyAu