This week’s multifamily roundup provides insights on single-family rent growth, CRE collateralized loan obligations (CLOs) and senior housing needs. First, CoreLogic notes that single-family rents have been climbing steadily since 2010, achieving 3% year-over-year growth in April. Next, Freddie Mac discusses the need for energy and water upgrades at older multifamily properties and how green financing programs can help owners and managers make these improvements. Arbor’s Chatter blog reports on the growth and maturation of the CRE CLO market as more investors and issuers enter the space. Then, RealPage reports that rent premiums for living in downtown areas vary widely by city, spotlighting metros with the priciest urban cores. Finally, NREI argues that as the need for affordable middle-income seniors housing grows, the industry will need to innovate in how it can offer more affordable housing options to the age group, such as using public-private partnerships.
Single-Family Rent Growth Picks Up a Bit
CoreLogic – June 18
“Single-family rents climbed steadily starting in 2010, and annual rent increases have stabilized, fluctuating between 2.9% and 3.2% for the past 12 months.”
Investing in Greener Multifamily Housing
Freddie Mac – June 17
“The buildings most in need of water and energy upgrades aren’t luxury, newly-built high rises. They’re the 30-year-old garden apartments in communities large and small. They dot the country and provide good homes to working people.”
CRE CLOs Grow in Popularity Among Investors and Issuers
Arbor Chatter – June 18
“CRE Collateralized Loan Obligations (CLOs) have emerged as a sophisticated and reliable financing tool post-crisis.”
Urban Core Apartments Command Rent Premium
RealPage – June 17
“Though it has been widely understood that urban living is pricier than suburban living, the premium that downtown living commands ranges widely.”
Who Will Meet the Seniors Housing Needs of Middle-Income Boomers?
NREI – June 17
“Solutions that cater to boomers’ lifestyles need to look different than today’s seniors housing. Not only will boomers reject many of the features of today’s seniors housing, they also can’t afford them.”