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Multifamily In The News – April 2013

by Kieran Donohue (Director, Communications and Education)

Moderate income apartments remain a good investment.

Here is the latest in economic and multifamily trends: Multifamily Continues Strong Performance A recent survey from PricewaterhouseCoopers highlights strong performance in the  commercial multifamily sector and a positive outlook for 2013. The survey reinforces that core and strong secondary multifamily markets with proven job growth and reasonable pricing are still the best place to [...]

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How Echo Boomers Will Drive Multifamily’s Next Decade

by Kieran Donohue (Director, Communications and Education)

US Birth Rates

Multifamily apartment growth is driven by demographic trends.  The Echo Boomers are the second largest generation in US history and in the prime renting age. Yet, in a recent Harvard study, Echo Boomers (also known as Generation Y or the Millennials) are not renting as much as forecasted. Why? I came across three different articles [...]

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New Acquisition Announcement – Heritage Hill Apartments

by Kieran Donohue (Director, Communications and Education)

Heritage Hill Apartments

Richmond, VA – April 1, 2013 – 37th Parallel Properties (“37th Parallel”), a total return focused commercial multifamily real estate investment firm, announced today it has closed on Heritage Hill Apartments, a multifamily property located in Louisville, KY. Heritage Hill Apartments, located at 201 Heritage Hill Way, Louisville, KY is a 163-unit apartment complex made [...]

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Is Inflation Devouring Your Portfolio?

Real returns, adjusted for inflation.

Every year, inflation eats away at your portfolio. Inflation is averaging 2.5% a year for the past decade and a half. Your portfolio must have grown almost 30% in the same time period – just to keep it’s true value. With the S&P 500 still trading at the same levels as 13 years ago, many [...]

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Finding the Perfect Apartment Project

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In recent weeks, we have walked through the ideal criteria for a multifamily market, as well as the attributes of the most desirable submarkets. But even after you have narrowed your search to the most ideal location, you need to understand the different types of apartment projects you could invest in. Not all apartment investments [...]

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How Neighborhoods Impact a Multifamily Investment

Submarkets impact your multifamily investment

In our last article, we reviewed the 4 crucial features of a stable multifamily market. But even when you have found a market with strong employment and population growth, you need to dig deeper and ensure you are investing in the right location. Every market has several submarkets, or neighborhoods. And while these neighborhoods might all [...]

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Hunters Point Apartments Refinance Update

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Richmond, VA — March 8, 2013 — 37th Parallel Properties (“37th Parallel”), a total return focused commercial multifamily real estate investment firm, announced today it has closed on a new $3.7 million Fannie Mae Loan to refinance Hunters Point Apartments, a multifamily property located in College Station, TX. 37th Parallel Properties acquired the property via [...]

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5 Features of Every Great Multifamily Market

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The Market Always Wins. Always. You can invest in a great looking property run by an excellent management team, but if that asset is in a bad market, you will at best tread water. More often than not, you will lose money. While the multifamily sector is enjoying broad success across multiple markets, investors will [...]

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6 Encouraging Signs From the Housing Market

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Recently released economic data indicates the U.S. housing market is recovering, but still has a way to go to reach pre-recession levels. Single family housing starts rose 24% in January. While this is encouraging news, the total number of new housing starts in 2012 represents the fourth lowest total in the last 50 years, indicating [...]

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