As the Founder and Principal of Ward & Company Real Estate, a real estate acquisitions company and Intuitive Management Partners, a Multifamily advisory firm, Whitney leads and defines company growth initiatives and expansion opportunities. Whitney’s role includes overseeing acquisitions & service contracts, capital markets, brokerage engagements and collaborating with strategic business partners for growth.
Fully three-quarters of multifamily developers are experiencing construction delays, according to a new survey by the National Multifamily Housing Council, which collected 76 responses from leading U.S. multifamily specialists from Feb. 10 to March 5. Among that 75%, a bit more than three-quarters (77%) reported delays in permitting due to the coronavirus, down from 90% in a previous NMHC survey on the same subject from Oct. 6 to Oct. 27 but comparable to surveys early in the pandemic
Renter demand for apartments remained strong nationally in 2020, the pandemic notwithstanding, Yardi Matrix reported. Around 252,000 apartment units were absorbed last year, about 1.7% of total market stock and down 12% year-over-year from 2019
After a stretch at Summit Properties in the ‘90s, Terry spent a decade with Trammell Crow Residential Services, where he served as President. He started Riverstone Residential Group in 2006 and ran the company as President and CEO until merging with Greystar in 2014. After two years running U.S. real estate operations and client services for Greystar, Terry brought his 30 years of multifamily experience to SightPlan.
As previously reported, the House and Senate have been working to craft COVID-19 relief legislation, based on the President’s “American Rescue Plan,” to be passed via the budget reconciliation process. Late last week, the House passed its version of the package. And after the Senate parliamentarian determined which provisions are eligible for inclusion within the strict Senate reconciliation rules, Senate Democrats are working to reach consensus on a package that can clear the chamber by an expected party-line vote
Experienced entrepreneur and CEO with a demonstrated history of working in the property management industry and local and state government. Strong business development professional skilled in the rental housing industry, legislative affairs, legal compliance and review, and residential property management. John is serving a third term in the NC House of Representatives. In his spare time he likes to fish, camp and travel with his family.
Via realpage.com – Rent change in Salt Lake City has nearly recovered to its pre-pandemic rate. In the year-ending January, Salt Lake City rents climbed 3%, the market’s strongest showing since the 3.5% growth from March 2020. Salt Lake City held out longer than most markets in the early months of the COVID-19 pandemic downturn, not showing a reaction in pricing until April…
Austin Walker joined Arbor’s New York City office in November 2015. In his current capacity as an Originator, Austin focuses on nationwide Fannie Mae, Freddie Mac, FHA, SFR Portfolios, CMBS, Bridge, Mezzanine and Preferred Equity transactions. Before joining Arbor, Austin worked at Wells Fargo as a Financial Advisor of private clients. Prior to that, he served as a Manager of Strategic Partnerships at Merisel, Inc. and a Business and Marketing Analyst at LGD Communications. Austin graduated from Johns Hopkins University of Maryland with a Bachelor of Arts in Political Science.
Growth states are calculated by the net gain of one-way U-Haul trucks entering a state versus leaving that state in a calendar year. Migration trends data is compiled from more than 2 million one-way U-Haul truck customer transactions that occur annually. Tennessee’s influx of do-it-yourself movers during a turbulent year marked by the coronavirus pandemic means that a state other than Florida and Texas tops the growth rankings for the first time since 2015, when North Carolina led the way
Via multifamilyinsiders.com – Multifamily remains one of the most appealing asset classes. Deals located in core-markets or strong growth secondary locations can expect interest rates in the low 300s over LIBOR range. Total coupons are hovering at all-time lows with leverage pushing into the 75%-80% of cost range…