New 2023 Washington State Mobile Home Park Laws
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...
The State of Multifamily Lending
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...
Deconstructing The Puzzle: Falling Recession Fears Renew Prospects of A Soft Landing
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Case Study: How an owner carry contract benefitted both parties
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...
How Rising Vacancy Rates are Affecting Rental Rates
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...
SVN Single-Family Report
Reach out to an SVN Cornerstone Advisor today to learn more about how we can help you navigate the current CRE environment.
Key Takeaways
SVN | Cornerstone Commercial provides comprehensive commercial real estate insights through market reports, blog content, and strategic resources that help clients make informed decisions. Our research team tracks macroeconomic factors, valuation trends, occupancy data, and rental rates that drive CRE performance across all property types.