Southeast Feature Archive Archives - REBusinessOnline

MBA: Commercial, Multifamily Borrowing Increased 52 Percent in First-Quarter 2026

John Nelson — Tue, 12 May 2026 11:45:00 +0000

WASHINGTON, D.C. — Commercial and multifamily mortgage loan originations were 52 percent higher in the first quarter of 2026 compared to first-quarter 2025, according to the Mortgage Bankers Association’s (MBA) Quarterly Survey of Commercial/Multifamily Mortgage Bankers Originations. First-quarter production falls in line with the organization’s 2026 forecast made in February that commercial and multifamily loan originations this year would increase by 27 percent compared to 2025. Among capital sources, the dollar volume of loans originated for investor-driven lenders increased by 133 percent year-over-year in the first quarter. There was also an 80 percent increase in loans for depositories (i.e. banks and credit unions); a 38 percent increase in government-sponsored enterprises (i.e. Fannie Mae and Freddie Mac); and a 9 percent increase in life company loans. There was also a14 percent decline in commercial mortgage-backed securities (CMBS) loans compared to a year ago. “The most notable increase was the 80 percent rise in depository lending, driven in part by the large volume of bank-held loans maturing this year and the need to refinance those positions,” says Reggie Booker, MBA’s associate vice president of commercial research. “The slowdown [from fourth-quarter 2025] is consistent with typical first-quarter seasonality and does not detract from…

The post MBA: Commercial, Multifamily Borrowing Increased 52 Percent in First-Quarter 2026 appeared first on REBusinessOnline.

Next Generation of Office Space Is Designed to Perform

John Nelson — Thu, 23 Apr 2026 11:57:00 +0000

Walk through almost any office today and you will likely see a familiar scene: employees sitting at their desks wearing headphones, speaking into laptops and participating in video calls. Some are presenting to colleagues working remotely. Others are joining quick internal check-ins or connecting with clients across the country. Individually, these conversations are part of the normal rhythm of modern work. Together, they can create a surprising amount of background noise. This reality is one of the biggest forces reshaping office design. For years, workplace design emphasized openness. Walls came down, benching systems replaced private offices and large collaboration areas were introduced to encourage interaction. But as hybrid work has become the norm, organizations are recognizing that offices must support a wider range of activities than they once did. Employees still come to the office to collaborate and connect. At the same time, many arrive with schedules filled with focused individual work and virtual meetings that require quiet and concentration. As a result, workplace design is evolving. Instead of choosing between open offices and private offices, organizations are focusing on balance, creating workplaces that support focus, collaboration and connection within the same space. Privacy returning to offices One of the…

The post Next Generation of Office Space Is Designed to Perform appeared first on REBusinessOnline.

CoStar: U.S. Retail Construction Activity Remains Stymied Through the First Quarter

John Nelson — Thu, 09 Apr 2026 12:00:45 +0000

ARLINGTON, VA. — U.S. retail construction activity totaled 64.2 million square feet in the first quarter, down from 70 million square feet in first-quarter 2025 and well below the 10-year average (+90 million square feet), according to research from CoStar Group. Brandon Svec, national director of retail analytics at CoStar Group, points to multiple governors for new retail construction, including the popularity of e-commerce, competition from other property types and the previous cycles of broad-based expansion in the retail industry. Additionally, he says elevated costs for land, construction materials, labor and debt have made it difficult for retail developers to justify new construction. “The pullback in construction reflects a development environment that remains difficult to pencil in most markets,” says Svec. “Even in markets with strong population growth and leasing demand, achieving returns that justify ground-up construction has become increasingly challenging.” Data from the Arlington-based commercial real estate information and analytics firm shows that the nation’s retail development pipeline is sinking to levels not seen since the previous two cyclical lows: the early stages of the COVID-19 recovery and coming out of the Great Financial Crisis in 2011. Among markets tracked by CoStar, three Texas markets are leading the way…

The post CoStar: U.S. Retail Construction Activity Remains Stymied Through the First Quarter appeared first on REBusinessOnline.

Why Bankruptcy Is Still Catching Lenders Off Guard

John Nelson — Tue, 03 Mar 2026 12:24:00 +0000

The commercial real estate industry has spent the past two years bracing for the next wave of loan losses as elevated interest rates collided with loan maturities. Instead of a wave of payoffs, many loans are still working through extensions and modifications while asset values are being deliberated. Lenders know how to model foreclosure risk. Bankruptcy risk? That’s where the real losses hide. A Class A asset with Class C governance is a Class C risk. Foreclosure risk can be modeled. Expected losses predicted. Timelines are known by state. Recovery assumptions can be debated. Cash flows stress tested and ultimately approved by a committee. Even when outcomes are unpleasant, they are at least visible, quantifiable and expected. Bankruptcy is different — and far more dangerous for lenders. The gap between foreclosure and bankruptcy is where some of the largest loan losses are being created, and painful lessons learned. Counterintuitively, bankruptcy risk runs higher in non-judicial states like Georgia, where 60-day foreclosures create incentive for borrowers to file. In longer-timeline states like New York, foreclosures can stretch 18 months, giving borrowers the luxury of time. Those foreclosure timelines are generally well known and accepted by both sides, which makes outcomes predictable.…

The post Why Bankruptcy Is Still Catching Lenders Off Guard appeared first on REBusinessOnline.

Federal Courts Diverge on Takings Clause Protections

John Nelson — Thu, 26 Feb 2026 12:49:00 +0000

By Angela Adolph, Esq. of Kean Miller LLP Recent federal court decisions reveal diverging interpretations of how a landmark Supreme Court ruling on the Fifth Amendment’s takings clause affects state administration of unclaimed property. Taken together, the cases expose state governments to uncertainty and litigation risk over the constitutional limits of their authority. Property, Post-Tyler The current ambiguity reflects increased national scrutiny of state powers in the wake of the U.S. Supreme Court’s pivotal 2023 decision in Tyler vs. Hennepin County, Minnesota. In that case, the county had seized a residential condominium and sold it for $40,000 to satisfy $15,000 in unpaid property taxes. The former owner sought the $25,000 in residual sale proceeds. The Supreme Court found that a taxpayer’s compensable interest in property applies to both the property and equity in the form of excess proceeds generated from a forfeiture sale of that asset. The decision clarified that economic value is property subject to the takings clause, which prohibits taking private property for public use without just compensation. In Tyler, the Supreme Court emphasized that the takings clause protects more than physical possession; it also protects a citizen’s economic value in property. A state cannot deprive a citizen…

The post Federal Courts Diverge on Takings Clause Protections appeared first on REBusinessOnline.

InterFace: Multifamily Finance Pros Explain Where Capital Providers Are Placing Their Bets in 2026

John Nelson — Thu, 08 Jan 2026 13:00:00 +0000

ATLANTA — Multifamily borrowers have a plethora of financing options at their beck and call, both from traditional debt sources and alternative platforms. With the competition among capital sources on the rise, sponsors are in an advantageous position. “More lenders are chasing multifamily since they’ve taken three commercial real estate food groups off the table — office, retail and hospitality,” explains Shawn Townsend, president and chief investment officer at Ease Capital. However, financing challenges remain. “But by and large the cost of debt capital has not gone down,” Townsend adds. Editor’s note: InterFace Conference Group, a division of France Media Inc., produces networking and educational conferences for commercial real estate executives. To sign up for email announcements about specific events, visit www.interfaceconferencegroup.com/subscribe. Townsend’s comments came during the capital markets panel at InterFace Multifamily Southeast, a two-day event held Dec. 1-2 at the Intercontinental Buckhead hotel in Atlanta. InterFace Conference Group and sister publications Multifamily & Affordable Housing Business and Southeast Real Estate Business hosted the networking and information conference. Stephen Farnsworth, senior managing director of real estate finance at Walker & Dunlop, moderated the session, which featured five lenders and financial intermediaries. Farnsworth opened by touching on the ebbs and…

The post InterFace: Multifamily Finance Pros Explain Where Capital Providers Are Placing Their Bets in 2026 appeared first on REBusinessOnline.

InterFace Panel: Tariffs Are a ‘Hot Potato’ When it Comes to Construction Costs

Kristin Harlow — Tue, 23 Dec 2025 13:35:00 +0000

ATLANTA — In today’s multifamily development world, architects, designers and general contractors do everything in their power to avoid the one thing they dread most — going back to a developer mid-project to ask for more money. These “uncomfortable moments,” as Lori Ann Dinkins, president and CEO of Mood Interior Design, called them, happen more often these days thanks to rising costs, tariffs and collaboration snafus. Dinkins led a panel of architects, interior designers and general contractors through a bevy of topics — good, bad and ugly — that define the current state of building and designing apartments at InterFace Conference Group’s Multifamily Southeast event. The event took place over the course of two days at the InterContinental Buckhead in Atlanta. Editor’s note: InterFace Conference Group, a division of France Media Inc., produces networking and educational conferences for commercial real estate executives. To sign up for email announcements about specific events, visit www.interfaceconferencegroup.com/subscribe. Residents and developers alike are taking a more practical, less playful approach when it comes to stylizing apartments. Gone are the days of “those huge show-stopper, Instagram-moment amenity spaces,” said Ian Hunter, regional director at Atlanta-based Dwell Design Studio. “They’re out. And they’re out for a couple of reasons. Not…

The post InterFace Panel: Tariffs Are a ‘Hot Potato’ When it Comes to Construction Costs appeared first on REBusinessOnline.

BLS: U.S. Economy Adds 64,000 Jobs in November but Loses 105,000 in October

John Nelson — Tue, 16 Dec 2025 12:24:00 +0000

WASHINGTON, D.C. — The U.S. economy has added 64,000 non-farm payroll jobs in November and lost 105,000 jobs in October, according to the U.S. Bureau of Labor Statistics (BLS). The BLS included the October figures into the November report due to complications with the federal government shutdown, which lasted for 44 days in October and early November. The bureau, which also delayed the release of the consumer price index and producer price index in October, plans to release the December jobs report on Jan. 9, 2026. The November figure was higher than the 45,000 estimate from Dow Jones economists, according to CNBC. The news outlet also reported that the economists didn’t make an official estimate for the October report but were largely anticipating a drop in employment. In addition to the delayed report, the BLS also revised downward the employment figures for August, from a loss of 4,000 jobs to -26,000, and September, from 119,000 jobs to 108,000. The U.S. unemployment rate also ticked up 20 basis points from September to 4.6 percent in November, its highest level since September 2021. Federal government employment continued to decrease in November with a loss of 6,000 jobs. This follows a decline of…

The post BLS: U.S. Economy Adds 64,000 Jobs in November but Loses 105,000 in October appeared first on REBusinessOnline.

InterFace Panel: Multifamily Operators Are Charting a Path from Oversupply to Opportunity in 2026

Abby Cox — Tue, 09 Dec 2025 13:00:00 +0000

ATLANTA — The multifamily market in the Southeast still prevails as one of the nation’s most dynamic real estate ventures, but one aspect in particular is casting a dark shadow — the cultivation of oversupply in the region. When the demand for housing during and after the COVID pandemic increased, developers energetically responded with an aggressive building boom. However, when new supply began to outpace demand, vacancy crept up and concern for the market became more prominent. “We put shovels in the ground and started developing — and now we’re paying for that sin,” said Greg Mark, executive managing director at Cushman & Wakefield. “Across the board, we’re just not seeing the same kind of returns.” Mark’s comments came at the operations panel during the 2025 InterFace Multifamily Southeast conference, which was held at the InterContinental Buckhead in Atlanta. Co-hosted by France Media’s InterFace Conference Group and Multifamily & Affordable Housing Business magazine, the two-day event attracted a little more than 300 attendees. Ed Wolff, CEO of Dallas-based Aerwave, moderated the panel. Editor’s note: InterFace Conference Group, a division of France Media Inc., produces networking and educational conferences for commercial real estate executives. To sign up for email announcements about specific events, visit www.interfaceconferencegroup.com/subscribe. Karen Key, Southeast…

The post InterFace Panel: Multifamily Operators Are Charting a Path from Oversupply to Opportunity in 2026 appeared first on REBusinessOnline.

Multifamily Sellers Continue to Hold Out for Peak Pricing, Says InterFace Panel

John Nelson — Fri, 05 Dec 2025 12:45:00 +0000

ATLANTA — For many multifamily professionals, 2025 is a year to forget. Paul Berry, president and chief operating officer of Mesa Capital Partners, said that U.S. multifamily investment sales are on track to close out the year at $125 billion, which represents a 25 percent decline from an average pre-COVID year and a little more than a third of 2021’s total (a torrid $354 billion). Andrew Zelman, senior vice president of Southeast investments at Boston-based GID Multifamily, said that owners are doing “everything they can to hold out for a profit.” Editor’s note: InterFace Conference Group, a division of France Media Inc., produces networking and educational conferences for commercial real estate executives. To sign up for email announcements about specific events, visit www.interfaceconferencegroup.com/subscribe. “As simplistic as this is, sellers will avoid transacting at less than peak values at any cost,” said Zelman, who added that owners are essentially kicking the can down the road by recapitalizing their assets or stopping and starting the marketing process if their pricing expectations aren’t being met. Zelman’s comments came during the opening panel on Tuesday, Dec. 2, at the 2025 InterFace Multifamily Southeast conference, which was held at the InterContinental Buckhead in Atlanta. Co-hosted…

The post Multifamily Sellers Continue to Hold Out for Peak Pricing, Says InterFace Panel appeared first on REBusinessOnline.

Forecast Survey: What’s Your Take on Commercial Real Estate in 2026?

John Nelson — Mon, 24 Nov 2025 12:55:00 +0000

The editors of REBusinessOnline.com are conducting a brief online survey to gauge market conditions in 2026, and we welcome your participation. The survey should only take a few minutes to complete. Questions range from property sectors that you are most bullish on heading into 2026 to trends in deal volume to your outlook for interest rates. The results of our 15th annual survey will be compiled and published in the January issues of our regional magazines. Conducting these surveys is part of our mission at France Media to provide readers with indispensable information, and we couldn’t do it without your help. To participate in our broker/agent survey, click here. To participate in our developer/owner/manager survey, click here. To participate in our lender/financial intermediary survey, click here. (Note: Please remember to click on “done” to properly submit the survey.)

The post Forecast Survey: What’s Your Take on Commercial Real Estate in 2026? appeared first on REBusinessOnline.

Annual RevPAR for U.S. Hotel Sector Declines for First Time Since 2020, Says CoStar and Tourism Economics

John Nelson — Thu, 13 Nov 2025 13:06:44 +0000

ARLINGTON, VA. — Revenue per available room (RevPAR) was revised downward in the final performance projections for the U.S. hospitality sector in 2025, according to the latest forecast from CoStar Group and Tourism Economics, an Oxford Economics company. RevPAR is projected to finish the year at a decline of 0.4 percent (or negative 40 basis points) compared to a year ago. This would result in the first total-year decline since 2020 and only the second since 2009, both of which were years with major macroeconomic disruptions with the COVID-19 pandemic and Great Financial Crisis, respectively. CoStar and Tourism Economics also lowered occupancy projections to end the year at 62.3 percent, a decline from 63.1 percent at year-end 2024, while average daily rate (ADR) was held steady at +0.8 percent for the year. For 2026, occupancy is projected to decline by another 30 basis points, while ADR and RevPAR are projected to trend positive by 90 and 50 basis points, respectively (see chart). “We expect little change in the macroeconomic environment as unemployment and prices continue to rise,” says Amanda Hite, president of STR, a hospitality research firm owned by CoStar. “As a result, our hotel performance outlook for the remainder of…

The post Annual RevPAR for U.S. Hotel Sector Declines for First Time Since 2020, Says CoStar and Tourism Economics appeared first on REBusinessOnline.

Quick-Service Restaurants Are Powering the Rise of the 15-Minute City

John Nelson — Tue, 11 Nov 2025 12:38:18 +0000

By Casey Smallwood of SRS Real Estate Partners The quick-service restaurant (QSR) industry is reshaping retail real estate by capitalizing on the “15-minute city” trend — a movement where people can access essentials within a short walk, bike ride or delivery window from home. This shift, fueled by evolving consumer behavior, urban densification and the rise of digital ordering, is pushing QSRs to prioritize hyper-local presence over traditional highway or regional ‘hubs. The result is a transformation in both real estate development and the metrics that define success in the foodservice sector. Embedding into daily life Hyper-localization is about placing restaurants within the flow of everyday life — close to where people live, work and socialize. Rather than clustering around big-box retail or commuter corridors, many brands now target neighborhood locations near apartment clusters, schools and small mixed-use developments. 7 Brew Coffee, a drive-thru-only brand, exemplifies this model. Its small footprint and fast service make it ideal for small lots and secondary intersection spots once overlooked by national tenants. These locations are now thriving due to residential growth and proximity to commuter paths. With minimal barriers to entry and an emphasis on quick-service, 7 Brew is establishing a strong local…

The post Quick-Service Restaurants Are Powering the Rise of the 15-Minute City appeared first on REBusinessOnline.

Delaware Statutory Trusts Unleash the Potential for Section 1031 Exchanges

John Nelson — Thu, 23 Oct 2025 12:00:00 +0000

By Louis Rogers of Capital Square Navigating the complex tax rules of a Section 1031 exchange can be a complicated experience. For many, investing in a Delaware Statutory Trust, or DST replacement property, simplifies and streamlines the process so that more investors can enjoy the benefits of Section 1031. Introduction to Section 1031 Exchanges Section 1031 of the Internal Revenue Code, commonly referred to as a “tax-deferred exchange,” provides for the complete deferral of federal and state taxes on the sale of investment real estate. The seller must reinvest the net sale proceeds into a qualifying replacement property, which can be any type of real property. The gain that would have been recognized in a taxable sale is deferred until the replacement property is sold in a taxable transaction. Section 1031 has been in the tax code since 1921. Historically, most exchangers have acquired a “whole” property, meaning they acquired an entire replacement property. However, starting in 2002, many exchangers have acquired a fractionalized interest in their replacement property, first using the Tenant in Common (TIC) structure and, more recently, the DST structure. Instead of acquiring a whole property, they acquire a fractionalized interest or a percentage of a replacement…

The post Delaware Statutory Trusts Unleash the Potential for Section 1031 Exchanges appeared first on REBusinessOnline.

North Carolina Allows Look-Back Property Tax Exemption for Religious Uses

John Nelson — Tue, 07 Oct 2025 11:50:00 +0000

By Gib Laite, Esq. of Williams Mullen North Carolina has little sympathy for taxpayers that miss filing deadlines, but a new law eases the potential repercussions for property owners otherwise qualifying for religion-based tax exemptions. Under the new measure, taxpayers can apply for the religious exemption from property taxes going back five years from the law’s adoption date earlier this year. It will be interesting to see whether the General Assembly extends a similar grace period to other exemptions over time. Regardless, the new measure provides welcome relief to a segment of taxpayers and offers a possible model for lawmakers to adjust the regulation of other exemptions down the road, if they choose to do so. And for all taxpayers, the recent change provides a good opportunity to review how North Carolina grants and regulates property tax exemptions. Machinery of Taxation As a rule, North Carolina subjects all real and personal property to property tax unless the General Assembly or the state constitution exempts the property, or it falls into a special class of exempted property. Most exemptions are set out in the Machinery Act, a framework of tax rules within the North Carolina General Statutes. The Machinery Act allows…

The post North Carolina Allows Look-Back Property Tax Exemption for Religious Uses appeared first on REBusinessOnline.

InterFace Panel: Seniors Housing Developers Can Cut Costs by Eliminating ‘Wasted Space’

Kristin Harlow — Thu, 11 Sep 2025 12:30:00 +0000

ATLANTA — In today’s high-cost environment where obtaining development financing remains tricky, seniors housing builders are focused on cutting expenses — whether it be shrinking spaces or eliminating underutilized amenities altogether. That was the major takeaway from the development panel at the 12th annual InterFace Seniors Housing Southeast conference, which took place at the InterContinental Hotel in Atlanta on Wednesday, Aug. 27. The panel, which was titled “When Will Development Rebound? Outlook & Strategies for 2026,” included Richard Ackerman, managing partner of Big Rock Partners; Joe Jasmon, CEO of American Healthcare Management Group; Tod Petty, chief investment officer of Mainstay Senior Living; Leland Rice, president of QSL Management; Bear Mahon, president and CEO of Oaks Senior Living; and Alan Moise, chief investment officer of Thrive Senior Living. Editor’s note: InterFace Conference Group, a division of France Media Inc., produces networking and educational conferences for commercial real estate executives. To sign up for email announcements about specific events, visit www.interfaceconferencegroup.com/subscribe. Moise, the panel’s moderator, kicked off the discussion by asking participants for their definition of “rebound.” For Rice, the answer was a return to a mature market with stabilized assets selling at full price. “For a long time, we had seen…

The post InterFace Panel: Seniors Housing Developers Can Cut Costs by Eliminating ‘Wasted Space’ appeared first on REBusinessOnline.

InterFace Panelists Expect Imminent Spike in Demand for Seniors Housing

John Nelson — Tue, 02 Sep 2025 11:53:21 +0000

ATLANTA — The seniors housing sector stands at a “curious” crossroads in terms of the current real estate cycle, according to Chris Guay, CEO of Vitality Living. The Brentwood, Tenn.-based company is a seniors housing owner-operator with communities located across the Southeast and Texas. Guay asserts that on one hand, seniors housing owners and operators are still healing from the supply-and-demand shocks stemming from the COVID-19 pandemic. On the other, the sector is standing on the precipice of the prophesied “silver tsunami,” a phenomenon wherein the baby boomer generation is aging into needing senior living care. Editor’s note: InterFace Conference Group, a division of France Media Inc., produces networking and educational conferences for commercial real estate executives. To sign up for email announcements about specific events, visit www.interfaceconferencegroup.com/subscribe. The oldest baby boomers are now turning 80, and Guay says that even if developers met the output of the highest point of the previous cycle annually, it still wouldn’t be enough to satisfy the wave of demand coming. “The silver tsunami is actually here,” says Guay. “Right now is probably the most interesting time in the industry that I can remember.” Guay’s comments came during the “power panel” at InterFace Seniors…

The post InterFace Panelists Expect Imminent Spike in Demand for Seniors Housing appeared first on REBusinessOnline.

Borrowers Win When Their Banks Partner With C-PACE Lenders

John Nelson — Tue, 22 Jul 2025 11:35:00 +0000

Interview by John Nelson Commercial Property Assessed Clean Energy (C-PACE) financing is a lending option that is gaining traction in the commercial real estate lending world. This type of financing is beneficial for owners who are looking to finance their new construction or redevelopments with long-term debt. Rafi Golberstein, founder and CEO of PACE Loan Group (PLG), a C-PACE lender with offices in New York City, San Diego, Chicago and Minneapolis, says that what many borrowers are now finding out is how adaptable this loan structure is, especially when paired with traditional bank financing. “C-PACE as a product type is not just living and breathing — it’s expanding,” says Golberstein. Originated in Berkeley, Calif., in 2008, C-PACE financing is now available in 40 states and Washington, D.C. It serves as an alternative funding source for commercial projects that qualify on the basis that they will result in reduced energy and water usage and greater building efficiency. C-PACE is not a federal program as it is overseen at the state or local level, with some states allowing local governments to administer the program. “States are making their legislation more broad, which allows us to get more projects done and larger checks…

The post Borrowers Win When Their Banks Partner With C-PACE Lenders appeared first on REBusinessOnline.

Why Fannie Mae, Freddie Mac Believe the Wind Is at Their Back

John Nelson — Tue, 15 Jul 2025 11:45:00 +0000

Fannie Mae and Freddie Mac are adopting a more pro-business approach when it comes to closing multifamily loans in 2025 than in recent years, when sources say they were more selective. The two government-sponsored enterprises (GSEs) combined to produce 33 percent more multifamily loans in first-quarter 2025 compared with first-quarter 2024. “There is definitely a ‘volume on’ mindset at both shops,” says Landon Litty, director of agency sales at BWE. “This is a real positive for borrowers.” For Fannie Mae, the volume of multifamily loans totaled $11.8 billion in the first quarter of 2025, compared with $10.1 billion in the first quarter of 2024. Meanwhile, Freddie Mac produced approximately $15 billion in multifamily loans in the first quarter, financing around 144,000 rental units, well above the approximately $10 billion produced in first-quarter 2024. “The first quarter of 2025 has been dynamic, with real-time adjustments to meet market needs while maintaining a focus on soundness,” says a spokesperson at Freddie Mac Multifamily. Other sources attest that the GSEs are focusing on their sponsors more so than in previous years. T.J. Edwards, chief production officer for the multifamily finance division at Walker & Dunlop, says the agencies are proactively vetting first-time borrowers…

The post Why Fannie Mae, Freddie Mac Believe the Wind Is at Their Back appeared first on REBusinessOnline.

Lenders Are Back in Action for Multifamily Development Deals, Says InterFace Panel

John Nelson — Tue, 01 Jul 2025 12:00:00 +0000

CHARLOTTE, N.C. — In its first-quarter report, property management research firm RealPage stated that the “supply wave for multifamily was cresting” as the U.S. apartment sector set a record in terms of units absorbed (138,302), outpacing deliveries (116,092). A year prior, RealPage reported that deliveries (135,652) outstripped absorption (103,826) in first-quarter 2024. Will Block, partner and co-founder of Olympus Development Co., said that the flip in the U.S. apartment market’s supply-demand dynamic the past 12 months has made all the difference in terms of lenders’ perception. Editor’s note: InterFace Conference Group, a division of France Media Inc., produces networking and educational conferences for commercial real estate executives. To sign up for email announcements about specific events, visit www.interfaceconferencegroup.com/subscribe. “It couldn’t be more different what it looked like a year ago trying to capitalize deals in tertiary markets,” said Block. “Last year we would call 50 lenders with the hope of one to get to do it at terms that we didn’t like with ridiculous deposit requirements. I probably get four or five cold calls a week from bankers now.” Block’s comments came during the development panel at InterFace Carolinas Multifamily, an annual networking and information conference held on May 21…

The post Lenders Are Back in Action for Multifamily Development Deals, Says InterFace Panel appeared first on REBusinessOnline.