Monday, June 25, 2012

Multifamily Sales Up 31 Percent, CAP Rates Near Complete Recovery from Financial Crisis

Real Capital Analytics reports that Garden style apartments totaled $7.1 billion in sales for the first quarter of 2012, driving most of the volume, while high-rises totaled $4.8 billion.  Portfolio deals involved 52 transactions of 185 properties for $2.6 billion of the total volume.  Read the Full Story.

Meanwhile, Dallas-based Axiometrics reports that effective rents increased 0.89 percent from February to March, the highest growth rate since the firm began its monthly surveys in April 2008.  National occupancy also increased for the second consecutive month from 93.61 percent in February to 93.94 percent in March -- the largest month-tomonth gain in occupancy since August 2010.

Wednesday, June 20, 2012

MSNBC: Oregon Has Nation's 2nd Fastest Growing Economy

Oregon’s GDP growth between 2010 and 2011 was nearly three times that of the U.S. economy. The state’s durable goods manufacturing industry was the second-fastest growing sector in the nation in 2011 at a rate of 3.94 percent, almost 20 percent of Oregon’s economic growth. Only North Dakota and its oil boom caused Oregon to rank second.  Click here to read more.

Tuesday, June 19, 2012

New Energy Trust of Oregon Cash Incentive Ratesheet

The Energy Trust of Oregon has new cash incentives available for qualifying energy-efficiency upgrades and retrofits to Oregon rental properties or condominium buildings with five or more units.  Oregon properties served by PGE, Pacific Power, NW Natural or Cascade Natural can qualify.  Download the latest information and detailed incentive rate sheet by clicking here.

Monday, June 18, 2012

Portland Multifamily Revenue Grows 13.2% Past 2 Years

MPF Research Portland was #8 in the country for multifamily revenue growth over the past two years.


Portland saw 13.2% revenue growth over the past two years, the nation's 8th best.

Kiplinger: Portland's Surprising Job Growth

Kiplinger Magazine lists Portland as one of 8 U.S. cities with surprising job growth. Cites tech and sportswear manufacturing. Read more.

Friday, June 15, 2012

A Million Renters Added in 2011, Harvard Reports

In its report released yesterday, the Joint Center for Housing Studies at Harvard University reports that 2011 had the largest increase in renter households since the early 1980's.

Read the Multifamily Executive article here.

Download the full report here.


Thursday, June 14, 2012

Are your residents fleeing to buy homes?

Are renters really leaving apartments for homes in droves? Recent "mythbusters" say it's pent-up demand that's allowing some folks to buy homes now that the market seems to be stabilizing, but the small pool of qualified homebuyers and slow return of the job market will keep apartments full.  And those leaving will be steadily replaced by college students and grads and others ready to leave the nest.  Read more.

Monday, June 11, 2012

Who Says We're Slackers? Oregon GDP Growth Nation's 2nd Best

Oregon GDP Grew by 4.7% last year, the second best in the U.S. Only North Dakota - which is experiencing an oil boom. Oregon's GDP growth is the result of technology manufacturing.  Read More.

Thursday, June 7, 2012

Multifamily Property For Sale - 151 Units in Grants Pass!

The Riverwood apartments were designed and built by Rick Ruggerio whose apartment products are recognized as among Oregon' s best. Riverwood encompasses three different phases; 120 units built in 1991/1992, 30 townhomes built in 1992 which have been platted for condomiums and one 2,400 square foot single family home.

Riverwood is well designed with a total of 18 buildings on 8.81 acres. Mature landscaping and open green spaces create a relaxed and quiet environment.

Click here to read more about this property and download the proforma at the HFO Investment Real Estate Multifamily Property website.

Tuesday, June 5, 2012

PSU Experts: Demographics Favor Apts, Housing Crisis Nearly Over

Apartment Investment Trend Portland Oregon
At last week's PSU Center for Real Estate annual conference - Mary Ludgin, Ph.D. made a presentation on the changing demographic landscape.  In this fascinating presentation, there are many items of interest to apartment owners, including these two points:
  • The demographic landscape highly favors apartments...and student housing.
  • Although it's not over yet, we are close to the bottom of the housing crisis.
Download the slides of the full presentation here.