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A Contrarian View on Multifamily Distress
3 min read

A Contrarian View on Multifamily Distress

I get a ton of online CRE newsletters, deal summaries, rent/sale reports, finance/lender updates, and general news of the day information. And for those who know me, my background is in distressed, REO, …

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A smiling woman using a laptop in a room filled with moving boxes next to a sold sign
3 min read

Concessions Are Back

A recent press from Zillow showed that Salt Lake City (50.9%) is among a group of cities where concessions are being offered at more than 50% of the multifamily properties in the market. Of all of the rental listings on Zillow, 33.2% of properties are offering …

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Food, Energy, Housing: Challenges
3 min read

Food, Energy, Housing: Challenges

From the Joint Center for Housing Studies at Harvard University comes a troubling report describing the demands low-income people (annual household income less than $25,000) face in paying for food, energy and housing …

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Senior couple moving into a new home and holding cardboard boxes
3 min read

Planning To Move?

A comprehensive survey of 30,000 renters (‘comprehensive’ seems to understate the magnitude of the survey), 48% of respondents said they were planning to move in the next six months. This is a marked increase from 40% – 43% in the two preceding years …

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Financial analyst presenting market growth data to maximize real estate investment returns
3 min read

More Bang for Your Buck

The multifamily transactional marketplace is coming back to life as a result of positive things beginning to happen. Sellers are realizing it’s not 2022 anymore and their properties won’t sell at a sub-3% cap rate. Pricing is coming down. While interest …

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Sad woman thinking about money and minimal rent growth concerns
3 min read

Minimal Rent Growth in 2024

Yardi reports that since 2022, multifamily rent growth and occupancy in the United States have declined on something of a steady basis. There’s a link to the Yardi study in the article. But one needs to strongly consider that rent growth from 2021 – 2022 was in the …

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Financial advisor listening to a client discuss loan extend and pretend strategies
3 min read

Extend and Pretend

If you’re on this web site, chances are you know what ‘extend and pretend’ means. I’m not sure when the phrase was derived but when I was in REO in the 90s, working for a failing savings and loan, it was a common expression. It’s shorthand for the ‘forgiveness’ a lender …

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Crowd of people walking through a vibrant outdoor entertainment district at dusk
3 min read

Entertainment District

For those with any interest in Salt Lake City, take a moment and review the attached ‘report card’ from Building Salt Lake as it evaluates the proposed redevelopment by Smith Entertainment Group (SEG) in creating an ‘entertainment district’ in downtown…

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