This spring, NREI conducted its first research survey measuring industry pros’ sentiments on the sector. What we found is that conditions are healthy and there is sentiment for continued improvement. But it’s also difficult to form a cohesive outlook for the sector at large. There are variances by region, asset type and asset quality. On balance, the picture remains rosy, but there are more concerns at the margins than on other property types for which we’ve conducted research this year.
Westfield’s new spinoff raises $2.9 billion through bond sales in Europe, reports Bloomberg. American Apparel’s board of directors, investor Standard General and ousted founder Dov Charney finally agree on a deal, according to The New York Times. PetSmart shareholders want to sell the company through a leveraged buyout before it incurs too much damage. These are today’s must reads for the commercial real estate industry.
Government-backed mortgage bonds are about to experience the biggest rally in four years, according to Bloomberg. Properties in bankrupt Detroit are attracting interest from national and international investors, reports TheStreet.com. The Port Authority of New York and New Jersey approves a deal to finance 3 World Trade Center with more than $150 million in insurance proceeds. These are among today’s must reads for the commercial real estate industry.
NREI's 2014 Multifamily Housing Survey gathered feedback on the outlook for the industry from 944 respondents, including real estate investors, developers, brokers, managers and other real estate professionals. Here, we offer a selection of responses in answer to this question: What are some of the biggest changes you’re seeing with managing apartment properties?
In addition to discussing the outlook for the U.S. multifamily sector in terms of property fundamentals and investment sales, NREI’s 2014 Multifamily Housing Survey also delved into the identities of the most admired companies in the space.
NREI’s 2014 Multifamily Housing Survey not only looked into the outlook for the U.S. multifamily sector in terms of property fundamentals and investment sales, but also delved into the identities of 10 of the admired companies and 10 influential executives in the space.
Fortunately for the retail real estate industry, any impact on CMBS loans would be minimal, as there are only 17 properties in the U.S. where the Family Dollar stores account for more than 3 percent of the loan balance.