All Blogs
CMBS Distress on the Horizon
Distress on the horizon as CMBS delinquencies are predicted by many to reach all-time highs. In 2012, the delinquency rate was 10.32%, and during the pandemic, it nearly matched that. Mr. Chopp warns that we may exceed …
Oversupply in Salt Lake City? It’s coming…
I work with owners of ‘mid-tier’ apartment properties: roughly 20 – 60 unit assets. When I tell owners about all of the units coming online in Salt Lake City, they all say the same thing, “…
Good….Not Great
Good? Yes. Great? Not like before here in the Beehive State. Some bright spots to be sure but things are changing. And now, more than ever, it is critical (essential!) to be informed. I encourage everyone to read everything they can get their hands on …
Dr. Linneman’s CRE Quarterly Review and Prognostications
It’s the quarterly Walker Webcast with Dr. Peter Linneman of the Wharton School. Never dull, always informative and totally entertaining, Dr. Linneman addresses rate hikes, cap rates, office-to-multi conversions, …
Property Management Mistakes
I provide consulting and specialized asset management services to property owners along the Wasatch Front in Utah (Salt Lake City and beyond) where there are literally tens of thousands of apartments …
Growth in SLC at All Time High
Jacksonville. Tampa. Salt Lake City. Phoenix. Per RealPage, multifamily inventory growth in these four markets is at all time highs. In the past year (June 2022 – June 2023), Salt Lake City has added 5,300 units to its multifamily housing stock …
Rents Peaking
I think we’re at the top. The article from Bisnow states that while multifamily rents have slipped some since record highs in late summer 2022, the median asking rent nationally remains above $2,000. Per the article, median asking rents show $2,029 …
Headed To The Beehive
Utah is blowing up. It’s been blowing up for several years now. Multifamily vacancy, for now, is less than 5.00%. Our unemployment rate is near 3.00%. The state’s economy is expanding exponentially. And people are moving here in droves …
Securing Residents
The attached article speaks to the importance of on-site management/resident interactions. It stresses the importance of personal interactions with residents and not emailing or texting. This may sound particularly challenging to …