Portland OR Q1 Apartment Building Investments Now Posted.
Here are some interesting transaction statistics for 1st Quarter apartment building investment transactions:
- Average price per unit was up 11% from Q1 2011
- 6.86% was the average cap rate, vs. 7.07% in 2011
- 77% of properties sold had between 5-50 units
Click on the image to see the list of Q1 apartment building investment sales in Portland:
For more on PDX apartment building investment see City Rents Rise As Buyers Wait Out Housing Bust from Joseph Bernard Investment Real Estate.
Why now is the right time for CRE and Apartment Building Investment. Video via Tom Barrack at Colony Capital
Filed under: Apartment Building Investment Cycle, Commercial Real Estate, Multifamily Investments, The Economy and Current Affairs
Tom is one of my mentors and I follow what he’s doing closely to learn from a pro in apartment building investing. Here’s a video 3fer with Tom on why now is the time, if you have any contrarian testosterone as he puts it (in other words you are a true value investor). See also my notes below with the exec sum in bold.
1st Video:
Tom Barrack on CNBC last week
Stock markets rise and fall, but investors with a long-term view will make money, real estate investor Tom Barrack of Colony Capital is a “slow money guy”. Barrack has $27 billion invested in real estate and $45 billion in assets around the world.
Overall in the US
Where I think we are is actually a great Read more
Apartment Building Investment In Seattle, here’s the good news- video
Filed under: Apartment Building Investment Cycle, Multifamily Design & Development, Multifamily Investments
Seattle Apartment Building Investment update video Translation: We would never overbuild or get started too late in the apartment building investment cycle 
Is the Dallas/Fort Worth Apartment Building Investment Cycle Peaking or just taking a breather?
Filed under: Apartment Building Investment Cycle, Multifamily Investments
In their RECON report The Real Estate Center @ Texas A&M quotes The Dallas Morning News on apartment building investment in the DFW market:
“Apartment leasing in Dallas-Fort Worth dipped for the first time in over two years.
Net leases fell by 270 during first quarter 2012, with most of the declines occurring in the northern suburbs.
Greg Willett of apartment analyst MPF Research believes the slight dip is nothing to worry about.
“I don’t think one quarter of slight resident loss should be viewed as a big deal, especially when demand in first quarter usually is pretty mild anyway,” he said. “The job numbers still look good, and a comeback for the for-sale housing sector actually could drive them higher.”
The North Texas area has added about Read more
Where is Your Multifamily Market In The Cycle? Nice interactive map. Via @UrbanLandInst
Filed under: Multifamily Investments, The Economy and Current Affairs
Is Apartment Building Investment in the up cycle in your market? Job growth is the most important leading indicator of the market cycle. Check out the cool interactive map through Q4 2011 from The Atlantic here: MetroMonitor Economic Performance Maps
Multifamily is best Commercial RE sector but…. Video from Starpoint CEO Paul Daneshrad
Filed under: Commercial Real Estate, Multifamily Investments
Where is your apartment market in the cycle? Latest Multifamily Market Cycle Charts now posted via Glenn Mueller, PhD.
See the details and charts for the other CRE sectors here:
Renters’ Cash Payment Options Expand. Good for multifamily
There are a number of new cash payment options for tenants at places like 7-11 and Walmart. See the MFE Mag article here
Amazon is building a 3M square-foot campus of office towers in Seattle
Filed under: Commercial Real Estate, Multifamily Investments, The Economy and Current Affairs
More jobs = more renters, good for multifamily. See the piece here: Amazon is building a 3m campus of towers
Economists Prove Einstein’s Theory About Repeating Behavior And Expecting Different Results.
Mainstream economic theory (MsET) has two fundamental tenets that most thoughtful people (even economists) realize are wrong and yet economic decisions and importantly even Fed policy is still based on this flawed model. We know what Einstein said this defines and it’s true.
Problem #1 is the Efficient Market Theory (EMT) or Theory of Rational Expectations says that economic information is widely distributed and that we as individuals and collectively as a market of decision makers and consumers consistently make our choices based on what will give us the most benefit. This has been scientifically proven to be not the case way more often than we like to think. For more on this see “Predictably Irrational” by Dan Ariely and “Thinking, Fast and Slow” by Kahneman in the ‘On Our eReaders Now’ box in the far right column of this page.
The second problem is that MsET is built on the idea that the economy tends to be stable and that dislocations are temporary and tend to correct themselves back to stability somewhat like a train running down the tracks that gets thrown off from time to time. History teaches us that is not the case either. Most often we are moving away from or back towards stability and occasionally pass through stability but typically overshoot. It doesn’t take much imagination to see how these two errors cause problems for economists (and us) and leads to a dismal reputation for them.
I’ve been reading a lot on economics lately searching for a new improved model and have just found a number of articles that tackle those issues. They are lengthy but well worth the reads. The first two were posted by John Mauldin in his ‘Outside The Box’ (OTB) series where others write about and discuss their sometimes opposing views from John’s. Mauldin will begin each piece with an intro about the author and where he might differ from that point of view. His guests are typically people who deal at the highest levels and their insights are Read more
Connect with us!
