by Karli Schwab | Jan 24, 2024 | Advisor Insights, CRE Trends
In 2023, there were 440,000 new units built in the United States, boosting supply to the highest levels in 36 years. The number of apartments available for rent right now across the nation is at its highest since 1987. Another 671,000 units are planned to be completed...
by Karli Schwab | Dec 21, 2023 | Advisor Insights, News
The U.S. 10 Year Treasury recently dropped below 4.0%, for the first time since July of 2023. The 10 year treasury peaked in late October of 2023 before starting to drop at a rapid pace. Also, last week, the Federal Reserve kept the federal funds rate unchanged at...
by Karli Schwab | Nov 10, 2023 | Advisor Insights, Blog, CRE Trends
Two new laws were passed in July of 2023 regarding mobile home park sales in the state of Washington. 1. Owners of mobile home parks who are interested in selling are now required by law to provide Notice of Opportunity to Compete to all tenants of their mobile home...
by Karli Schwab | Nov 1, 2023 | Advisor Insights, Blog, CRE Trends
The multifamily asset class was considered a strong bet in CRE investment for many years. In the last year, this asset class has found itself in a state of transition, as multifamily lending has become more and more challenging. Several factors including rising...
by Karli Schwab | Oct 26, 2023 | Advisor Insights, Blog
Sale Details: Sale Price: $3,450,000 Size: 22,680 SF Price/SF: $152 Cap Rate: 4.73% Transaction Highlights: 25 unit apartment complex Value add opportunity Strong tenant profile (650+ credit scores and income 3x rent) Located within walking distance to regional...
by Karli Schwab | Oct 19, 2023 | Advisor Insights, Blog
We are seeing properties “For Rent” far more in 2023 compared to recent years. As we look through rent rolls, we are routinely seeing vacancies that equate to 10% or higher. Just this week, a conversation with one of our most trusted clients revealed that he currently...
