Apartments / Page 25

On July 9th, an assembly bill (AB-142) allowing statewide rent control and “just cause” eviction policies until 2023, was passed in the Senate Judiciary Committee. Here’s what we know about the bill so far: · Annual rent increases would cap at 7% plus the consumer price index  · Landlords will only be allowed to evict […]

Currently, multifamily real estate in Los Angeles is a safe investment. Back in 2009, it was a different story – $170 million in inventory was traded compared to $900 million in 2007. Many families that had left Central Los Angeles during that time but came back after the Federal Reserve dropped interest rates, this time […]

The apartment market is booming across the United States. From the construction of new developments to the renovation of older buildings in prime locations, the evolution of apartments is rapidly underway. We are in the golden age of adaptive reuse. The increasing effort to re-develop forgotten or neglected areas is transforming neighborhoods where vacancy and […]

Los Angles, also know as the City of Angels, is home to iconic celebrities, perfect wealth, and some of the highest rental rates in the United States. Having the fourth highest share of renters in the country, the Los Angeles Metro Area averages a rental rate of almost 54 percent. That seems high, but in […]

As interest rates begin to normalize, multifamily investors should consider the effect a higher interest rate environment may have on their portfolio. More importantly, investors can take proactive steps to better position themselves for this coming change. The following article highlights the effects on multifamily and how investors can re-structure their investments to withstand the […]

In November 2018, California residents are expected to vote on Proposition 10, a statewide Affordable Housing Act which would repeal the Costa Hawkins Rental Housing Act and give cities the ability to impost rent-control policies. Proponents say Proposition 10 will fix California’s housing crisis but, opponents say it will do the exact opposite. The following […]

A year ago, Connect Media sat down with Matthews Real Estate Investment Services’ David Harrington, to ask him why the Southern California company was hanging its shingle in North Texas. At the time, Harrington, who is Matthews’ executive vice president and national director multifamily, was speaking at the annual Connect Texas Multifamily Conference. Mr. Harrington is […]

Although selling a multifamily building is substantially more complex than other assets, the goal tends to remain the same: maximizing value. While there are several ways to achieve maximum value throughout an asset’s lifetime, minimizing leverage during the sale process will play a considerable role in preventing renegotiation of the sale price. Prior to going […]

With Millennials now making up the more than 60 percent of renters, owners and developers who invest in the right mix of property amenities and upgrades can shorten their sales cycle, optimize their rental revenues and improve operating efficiencies. Read more to see the shift from preceding generations and what must-have preferences millennials are paying […]