The U.S. multifamily sector is beginning to stabilize as vacancy rate expansion and negative absorption ease—trends that are expected to continue in 2023, while Charlotte sees positive net absorption and a high completions-to-inventory ratio according to CBRE’s latest research.  Thirty-five of ...

Tagged with: Multifamily housing

Despite a disruptive pandemic, investor demand for multifamily real estate was strong in 2020, according to a newly released Yardi® Matrix Bulletin.  Around 252,000 apartment units were absorbed last year. That’s about 1.7% of total market stock and down 12% from ...

Tagged with: Multifamily housing

Elevation Real Estate Group, a Charlotte-based real estate company, in partnership with Great Lakes Capital, recently completed the purchase of 18.6 acres of land at the southeast corner of Charlotte Highway (Highway 21) and East Waterlynn Road in Mooresville, North Carolina. The ...

Tagged with: Multifamily housing

  Some facets of multifamily leasing stabilized in September while others reflected continued impact from the COVID-19 pandemic, according to the latest report from Proptech firm MRI Software (“MRI”).  Notable metrics include a new peak in concession volume, a rebound ...

Tagged with: Multifamily housing

The national COVID-19 Resident Sentiment Report released today by Grace Hill reveals that many more renters are unsure about their ability to pay May rent as the economic impact of COVID-19 is fully felt. But, property management has the ability ...

Tagged with: Multifamily housing

  After posting significant gains in 2018, the U.S. multifamily market is expected to show continued strength this year, amid swelling demand among younger adults for rental units and investor optimism in this market sector, according to BBG, a leading ...

Tagged with: Multifamily housing

Multifamily owners and managers who expect a high rate of return and an increase in the value of their assets are achieving their financial goals by upgrading the functionality and overall aesthetic appeal of common areas, unit renovations and amenity ...

Tagged with: Multifamily housing

Despite finishing flat, the U.S. multifamily sector enjoyed a solid year in 2018. The $1,419 average national rent in December, unchanged from the previous month, capped a year in which rents grew by 3.2%, according to a survey of 127 markets by Yardi® ...

Tagged with: Multifamily housing

Holliday Fenoglio Fowler, L.P. (HFF) has announced that it has arranged joint venture equity and construction financing for the development of Montage, a six-story, 302-unit, luxury multi-housing development in Uptown Charlotte. HFF worked on behalf of the developer, Proffitt Dixon ...

Tagged with: Multifamily housing

Property developers are a competitive bunch, and none more so than those currently participating in the multifamily market in Charlotte. So when Lou Davis, director of Cortland Partners, was speaking on a recent Bisnow panel about multifamily in the area, ...

Tagged with: Multifamily housing