The National Multi Housing Council’s Apartment Conditions average has not been above the 50/50 better/worse level since Q2 2015, coming in at 45 in the latest report. The only index component to Continue reading The NMHC Apartment Conditions Average Remains Below 50 For Q3 2017
The 10 year apartment investment loan rate we track eased 5 basis points (bp) this week to come in at 4.53%. Both it and the benchmark 10yr Treasury (T10) had been Continue reading Apartment Loan Rate Easing
Developer Bob Hall got his start buying an old building in a deteriorating downtown to house his import business. He didn’t know about due diligence, deferred maintenance or building codes and after having to refinance then sell his house to fund the required repairs swore he’d never buy another building… until he looked at his tax return. He was making more money renting out the extra space than the import business was pulling in… and he was hooked.
It Is All About the Dogs for apartment building investment according to industry insiders speaking at a recent Bisnow conference: Woodbranch Management President Philip Schneidau says Market Square’s dog run was the best thing about the project. (The second-best part is the building’s liquor license. “What happens is you get home from work, walk your dog, grab a bottle of wine and meet your neighbors,” Schneidau said. “It’s a great life. That’s the magic.”)
Here’s my Exec sum of their salient points:
- Households with at least one pet jumped 35% during last decade to 74.1 million
- Dogs are the favorite pet, with 43.3 million
- Dog ownership surging among singles and renters.
The Competitive Situation:
- Being pet-friendly has shifted from competitive advantage to