California was one of the first states to impose stay-at-home orders and social distancing rules on construction sites, forcing developers to push back completion dates. San Francisco’s year-to-date deliveries accounted for 0.6 percent of existing stock, less than half of the 1.3 percent national average, according to Yardi Matrix data. Despite that, the metro has delivered 11 properties, totaling roughly 1,550 units.
The firm has broken ground on the first 400 single-family homes at Wildflower Ranch, where it plans to develop a total of 3,300 residences.
Fannie Mae forecasts that GDP will grow by an annualized rate of 27.2 percent in the third quarter, but state and local budgets are a concern.
Dallas-Fort Worth’s average apartment rent regained some lost value in July, but remains $13 lower than pre-pandemic levels, a new report from ApartmentData.com shows.
JLL arranged a seven-year, fixed-rate Freddie Mac loan for the 206-unit Hanover Southampton.
The borough endured in the wake of shelter-in-place measures, with average rents outperforming nationwide trends.
Dylan Simon, Jerrid Anderson and Matt Laird assisted the seller in the disposition of the 216-unit community in Kent, Wash.
A few months into the coronavirus pandemic, some product types have performed better than others. Unlike struggling retail and hospitality assets, multifamily has continued to see healthy rent collection rates across the U.S., including in Houston.