Is Gen Y your target demographic for Multifamily? Here’s why

Gen Y—those between the ages of 16 to 33—represents about 25 percent of the population in the country and is now larger than the baby boomer generation, which is shrinking

The Gen Y group keeps getting larger for a number of reasons, including the fact that immigrants to the United States typically come as young adults—and rent. This group is expected to continue to expand over the next 15 years.

Through 2017, she adds, there are going to be more than 4.3 million people turning 22 each year (though analysts used to use 18 as the age people left home, young people have delayed forming new households). This number is expected to remain above 4 million until 2025. And, of course, fewer people looking to purchase a home also bodes well for the multi-housing industry.

Gen Y in line for multifamily

See the whole article at: Gen Y for Multifamily on MHN Online

Find the freight trains in your life and get on them instead of in front of them.- Barry Sternlicht Video via @Michael_MBA

Great advice from Barry Sternlicht plus much, much more on real estate, investment, capital, leadership, opportunity, Europe, China while speaking at the Schack real estate conference. He is one very smart guy while being personable and humble, a  rare but valuable combination. Reminds me a bit of my virtual mentor Tom Barrack, and not just because of the haircut! Barry even mentions wanting to learn how to surf, something Tom could definitely help with.

Here’s the link to the video: Barry Sternlicht at Schack RE Conference For more great video from the conference Continue reading Find the freight trains in your life and get on them instead of in front of them.- Barry Sternlicht Video via @Michael_MBA

Multifamily rental construction definitely the brightest sector in housing market.

See the Housing Wire piece here:

DC Multifamily sales surge to $4.7B in 2011, up 1.1B from 2010.

By Daniel J. Sernovitz Staff Reporter – Washington Business Journal

I believe this quote from the article reflects an important trend in multifamily, indeed all residential development, re-development and infill: “People are paying a premium to be within a one-block radius of a Metro station, and properties within walking distance of Metro stations continue to be a strong lure for investors,”…

One thing the article doesn’t cover is where prices are vis-a-vis replacement cost… makes me wonder where they are in their apartment market cycle-

See the whole article here: DC Multifamily Sales Surge in 2011

Fannie, Freddie expected to remain dominant Multifamily lenders over next 2-5 years. Video

… and other apartment market predictions for 2012 from industry leaders. See video here: Fannie, Freddie to remain dominant Multifamily lenders next 2-5 years

Renters want to be green, Multifamily developers respond.

Composting food waste is an eco-conscious activity typically associated with single-family home neighborhoods rather than apartment complexes. But composting will be easy for residents of the green-centric apartment complex being built in Minneapolis, which will open later this year.See more at http://bit.ly/wJjcGI