Multi-family rentals have increased by 2% annually in the previous three decades. During the following ten years, they had a 3% growth. Their growth rate grew by 12% in the last year, six times more than the 30-year average. Given these figures, multi-family occupancy should be declining; yet, last month had the highest occupancy in multi-family history, with 97.3% of all units filled. We are now seeing the highest rent growth and occupancy rates in history.
If you don’t already know who Neal is, he is the Founder of Grocapitus, a multifamily firm with over $400MM of assets under management. He is also an excellent analyzer of economic data, and the suggestions they make about which investments are most viable. In this...
Neal Bawa is a technologist who is universally known in real estate circles as the Mad Scientist of Multifamily. Besides being one of the most in-demand speakers in commercial real estate, Neal is a data guru, a process freak, and an outsourcing expert. Neal treats...
Cap rates on most real estate asset classes have dropped 40% over the past five years. This has made cash flow very hard to achieve. Ground-up construction, on the other hand, has much higher cap rates. The key is mitigating risk by being in the right markets with the...
