Thursday, June 24, 2010

Renters Returning in Surprising Numbers as Apartments Stage a Comeback

An article appearing this week in the National Real Estate Investor reports that some 20,000 apartment units were absorbed in the first quarter of 2010, which is the strongest first-quarter showing in the past 10 years.  Read More > > >

Monday, June 21, 2010

Sold! 8 Unit Apartment Investment Property in SE Portland $1.13 million

HFO is pleased to announce the sale of Moreland Terrace in SE Portland.  This property was completely renovated in 2009 with improvements inside and out.  Exterior work ranged from new siding and windows to landscaping, pavement, and roofing. Interior upgrades included new electrical panels, plumbing, tile baths, heaters, cherry cabinets, granite counters, stainless steel appliances, baseboard and water heaters and washer/dryers.  The complex was completely painted inside and out. The sale price was $1.13 million or $141,250 per unit. HFO represented the buyer in this transaction.

Thursday, June 17, 2010

Falling CAP Rates Leads to Increasing Multifamily Acquisitions

The market for acquisitions has been heating up this quarter.  With cap rates declining nationally, the gap between sellers and buyers is narrowing.

Since 2008 it has seemed like only investors who "had" to sell were putting property on the market.  And the widely held belief that values and rents will be increasing two years from now has been keeping owners from listing.

But a shift is suddenly taking place among some long-term holders.  In some cases bidding on high quality apartments has gotten so frenzied that owners are asking.  "Is now really such a bad time to sell?"  Read More > > >

Wednesday, June 16, 2010

Carried Interest Tax Threatens Commercial Real Estate

The tax on carried interest compensation may increase from 15% to 35% under a bill now being considered by Congress. 

Learn more > > >

Bulls Rule at National Multifamily Trends Conference in SF

The recession is apparently over.

For apartment owners and investors nationwide, that good news was delivered last week at the Multifamily Trends Conference, held in conjunction with the Pacific Coast Builders Conference in San Francisco, where an economist/strategist proclaimed: “With three quarters of positive GDP growth, we have turned the corner." Chris Wood reports for Multifamily Executive online.

Monday, June 14, 2010

PSU Center For Real Estate: Portland Apartment Market Stabilizing as Vacancy Rates Fall

In its latest report, the PSU Center for Real Estate reports that the outlook for multifamily appears to be brightening, and rental prices have stabilized. Vacancies are down from first quarter a year ago.

Read More > > >

Thursday, June 3, 2010

Survey Says Consumers Prefer Renting

The National Apartment Association takes the pulse of renters and homeowners and finds low consumer confidence and continued uncertainty in the housing market. Read the full story > > >

Tuesday, June 1, 2010

Positve News in the Latest NMHC Survey of Apartment Market Conditions

The National Multi Housing Council conducts a survey each quarter of multifamily owners to keep its finger on the pulse of national trends.  The organization's latest survey shows a "market tightness index" that is the highest since July of 2006, with other market indices remaining relatively unchanged.   See the latest poll.