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Texas is a nondisclosure state, but brokers, appraisers and researchers still find complete lease comps in one savvy place. Unseasonably warm weather has leasing agents across San Antonio looking ahead toward the busy leasing season during the spring and summer. Strong fundamentals and exciting new developments indicate San Antonio's booming multifamily market won't slow in 2017. San Antonio's Affordability 
San Antonio's multifamily market is one of the most affordable in the nation. The Alamo City took 49th place among the most expensive rental markets in Zumper's National Rental Report. San Antonio's average of $900/month for a one-bedroom is far…
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Houston-Based Peak Real Estate Management Buys Promesa Apartments In West Austin
Promesa apartments in West Austin has a new owner. Houston-based Peak Real Estate Management purchased the 289-unit Class-A community from an undisclosed seller. Promesa was one of the first apartment complexes in Austin to participate in the Austin Energy Green…
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Multifamily Supply To Come Online This Year Expected To Be The Largest In This CycleThe general consensus surrounding this year's multifamily outlook remains consistent — the sector will experience some softening due to the amount of new supply set to deliver this year. Yardi Matrix experts project 320,000 new units coming online in 2017, the most to hit during this cycle. Most of this supply falls within a handful of the sector's largest metros and all of these new apartments are on the high end of the spectrum, Yardi researcher Paul Fiorilla said. |
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9 Ways Big Data Is Revolutionizing Property Management
Property managers may not have to contend with the sheer volume of numbers Big Data conjures up — terabytes upon terabytes of unorganized ones and zeroes. But Big Data's real estate applications present other challenges, and as its name implies,…
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Texas Is Tops When It Comes To Millennial Spending PowerAs Millennials come of age and the spending power of the group increases, how far their dollars will go has become an essential question to continued urban growth. And according to JLL research, Millennial dollars stretch more in Texas cities than other major metros. 
Sarbjit Nahal, head of Thematic Investing at Bank of America Merrill Lynch, told CNBC that by 2025 Millennials will have over $8 trillion worth of annual net income. But the translation to consumer spending will be uneven across the country.…
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The 'Unintended Consequence' Of Dodd-Frank And The Impact Of Trump's Deregulation Plans On CRE LendingPresident Donald Trump has called for a reworking of the 2010 Dodd-Frank Act, which could significantly change the residential mortgage market. But thanks to rapid adaptation in the commercial real estate world, there may be little impact on the capital available for commercial projects. Though there has been some tightening from banks since the financial crisis — which was exacerbated last year as new risk retention rules took effect, requiring lenders to keep more capital on the books — debt, foreign investment and rising interest from institutional investors have kept a flood of funding in the market. |
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