How Will Tampa’s Multifamily Market Compare to Other Growth Markets Post-COVID-19?

It may be premature for multifamily investors to come off the sidelines and back into the acquisition fray. Still, the outlines of the post-pandemic landscape are growing clearer, and the hour draws near when owners and buyers must consider the buy/sell/hold mathematics of the future. Tampa presents a model for the unique economic factors likely to influence the nationwide multifamily sector. The initial phase of the post-pandemic analysis is likely to focus on the anticipated performance of …

Three Months of Forbearance? Better Think Twice

By Chad Thomas Hagwood, Hunt Real Estate Capital Thanks to the Federal Housing Finance Agency (FHFA), forbearance is now one of the biggest buzzwords in multifamily finance. When the FHFA announced at the end of March that Fannie Mae and Freddie Mac would offer mortgage forbearance to multifamily properties facing hardship as a result of COVID-19, many multifamily owners adopted a wait-and-see attitude. That was the right decision. As April went on, the NMHC Rent Payment Tracker steadily …

Commercial Rent Collection Holds Steady from April to May, Industrial Leads Pack, Says Nareit

WASHINGTON, D.C. — A survey of U.S. REITs representing six different asset classes found that across the board, rent collection rates for the months of April and May displayed minimal variance. Washington, D.C.-based Nareit, which provides research and data for these institutional firms, conducted the survey. The survey highlighted rent collection data for 43 REITs in the industrial, multifamily, office, healthcare and retail sectors, with separate data for two sub-categories of retail. …

Focus on Phoenix: Multifamily Sector Shows Promise Despite Turbulence

Just over a decade ago, a booming Phoenix market experienced a confluence of trends — rampant overbuilding, followed by a national economic crisis that meant a spike in unemployment and a near halt in population growth. One of the biggest commercial real estate downturns in the region’s history soon followed. Ten years later, however, the picture was quite different. Prior to the COVID-19 outbreak, Phoenix multifamily metrics were solid through the first quarter of 2020 and supported by …

COVID-19 Changes How Office Owners Approach Music Licensing

By Jeffrey A. Tinker, partner, Bell Nunnally LLP Amenities often play an outsized role in influencing companies’ decision on where to lease office space. In the not-so-distant past before COVID-19 came along, open, spacious common areas were the most desirable. The music played in those common areas could not only increase customer satisfaction, but also accentuate a building’s vibe and environment. [caption id="attachment_263166" align="alignright" width="100"] Jeffrey Tinker, Bell …

NAIOP Sentiment Index Drops Below 50 for the First Time Since Its Inception

The NAIOP CRE Sentiment Index — based on a survey of commercial real estate developers, owners, investors and service providers — has come in at 45 for the month of March, dropping from 57 in September 2019 to a number below 50 for the first time since its inception in 2016. The NAIOP Sentiment Survey is conducted semi-annually, in March and September. The survey is sent to roughly 10,500 NAIOP members in the U.S. who are developers, building owners, building managers, brokers, analysts, …

Outlook is Bright for Student Housing in Post-COVID-19 World, Says Developer

The student housing industry has been uniquely affected by the coronavirus (COVID-19) pandemic. The niche asset class has been proclaimed "recession-proof" since its inception, and COVID-19 has been the ultimate test. One after another, universities across the country shut down, transitioned to online classes and sent their students home. What we have found during this time is that college students do not go home just because class is cancelled. Across the nation, students are still living …

Retail Reboot Webinar: Wave of Second-Generation Restaurant Space to Hit Atlanta Market

As many as 150,000 to 200,000 restaurants nationwide may never fully reopen again after the COVID-19 pandemic subsides, according to estimates from the National Restaurant Association. This represents 15 to 20 percent of all U.S. restaurants. Though the metro Atlanta area’s restaurants have been allowed to reopen their dining rooms for a full two weeks following Georgia Gov. Brian Kemp’s directives in late April, early indications are that a large swath of operators are choosing to keep …

Innovative, Tech-Savvy Retailers Better Equipped to Survive, says Texas Panel

Brick-and-mortar retailers in Texas that have found creative ways to develop new income streams and to leverage technology to directly engage their customer bases have proven most resilient in battling the financial headwinds the sector faces as a result of the COVID-19 outbreak. A panel of retail real estate professionals in Dallas and Austin spoke to this trend and others during the Texas Retail Reboot webinar, which was held on Thursday, May 7. Shopping Center Business and Texas Real …

LightBox Survey: Longevity of Pandemic, Unemployment Are Top Concerns for CRE Professionals

It’s not the outright fear or negativity surrounding the COVID-19 outbreak that most concerns those in the commercial real estate (CRE) industry. Rather, it’s the uncertainty. That’s according to a market confidence survey polling those in the broker, appraisal, lending, investing and environmental consulting/engineering sectors on how they have been impacted by COVID-19 and the resulting recession. LightBox, a real estate technology firm, conducted the poll from mid-April through the …

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