With one of the most undersupplied markets at only 2.4 square feet of self-storage space per person at the moment, Aurora, Illinois, is set to benefit from very generous self-storage developments
Author Archives: Randolph Taylor
These are the average of the top competitive rates from the eXp Commercial’s National Capital Markets Partner CommLoan from a database of 700+ commercial lenders as of 5/16/23. Actual rates are dependent on property and sponsor and are provided for comparison purposes only
Debt yield hasn’t traditionally been a primary commercial real estate loan underwriting metric, but more lenders are incorporating it into their criteria. In the current real estate market, measuring debt yield ratios provides lenders with a stable assessment regardless of unusual or changing conditions.
Challenges facing the commercial real estate market brought on by tightening lending policies among many small and regional banks, which have been a key source of commercial loans. Still, due to continuing U.S. job gains, net absorption has been mostly positive nationwide, Yun said, with the apartment, industrial and retail sectors helping to keep the industry relatively stable.
Commercial mortgage rates constantly change, and updating live rates is often tricky. Several factors determine commercial real estate loan rates, but the most important factors are supply and demand.
These are the average available rates from eXp Commercial’s Capital Partner CommLoan database of 700+ commercial lenders as of 4/10/2023 and are provided for comparison purposes only. Actual rates are dependent on property and sponsor.
When tax season approaches, don’t forget to look for money-save tax deductions for landlords.
It’s important to note that increasing the value of your property takes time and effort, and it’s advisable to consult with a real estate professional to determine the best strategy for your specific property and market conditions.
Commercial real estate can be a complex and highly competitive market, and finding the right representation is essential for a successful transaction.
eXp Commercial offers a unique combination of technology, support, and collaboration, making it a better choice for commercial real estate agents who want to take their careers to the next level.
Improvements in NOI will improve your returns as well as your property value. To follow are a few ways you can lower your operating costs if you own a Multifamily Property.
There are a number of reasons to still consider selling your commercial real estate despite high interest rates.
These are the average available rates from eXp Commercial’s Capital Partner CommLoan database of 700+ commercial lenders as of 3/27/2023 and are provided for comparison purposes only. Actual rates are dependent on property and sponsor.
Join us at the Commercial Deal Makers Forum, a Mainstreet Signature event presented to you by Mainstreet’s Commercial Alliance. You will enjoy an interactive and informative round table event where many relevant commercial topics will be discussed by industry experts.
A high income is an increasingly weak opponent for the supply strain and sapped spending power plaguing the U.S. housing market. According to the Wall Street Journal, the number of households renting while making $150,000 or more per year has skyrocketed in recent years.
Rent growth is back in positive territory after five straight months of declines.
Not at eXp Realty / eXp Commercial! Now even a better Value Proposition to join the fastest growing International Real Estate Brokerage Firm. Happy to chat if you want to make a change: Randolph Taylor 630.474.6441 [email protected]
Hunker down and play defense, or try to play offense and look for opportunity. That means understanding what your strategy is and what’s your competition.Those who can control their expenses will survive through a recession. And not only will they survive, they will come out stronger and essentially your field of competitors will shrink in a recession
eXp World Holdings Reports Q4 and Full-Year 2022 Results. 2022 Revenue of $4.6 Billion, up 22% Year Over Year. Moving forward, eXp’s profitable North American Realty segment will enable us to continue investing in the eXp platform to accelerate agent success and drive long-term, profitable growth.
Applegrad pays $31M for Schaumburg apartments Seller paid $47M for a 396-unit property in 2014. Sam “Simcha” Applegrad picked up an apartment complex in the northwest Chicago suburbs for $31 million, adding to the streak of multifamily trades in the area as deal volume for other commercial real estate assets dives while rising interest rates wedge pricing gaps between buyers and sellers.
Rising interest rates and the proliferation of build-to-rent contributed to a decrease in the average size of U.S. apartment units in 2022 as developers chased yield after two years of pandemic-driven upticks.
A growing number of large brokerage firms have implemented cost-cutting measures following a steep decline in transactions and capital market activity in the latter half of 2022.
It’s been reported that people are being priced out of homeownership, forced to settle for another lease, but that’s not the case across the board.
Ballooning costs in the for-sale housing market have served as an adrenaline shot for apartment demand, driving valuations up. However, ablation pummels the construction industry, and the development pipeline still can’t keep up.
Multifamily assets appeal to some investors due to their liquidity — or how fast the property can be sold at market value. Additionally, multifamily properties provide a consistent income stream through tenant rent payments, and the property can often increase in value over time.
Our current challenges in the industry are short-term. The fact remains that housing is significantly undersupplied at a macro level,
The multifamily property industry has shown this resilience through five recessions in the last forty years while also surviving a global pandemic that crippled many other sectors. What strategies are owners and operators in the multifamily industry employing today to maintain their profit margins in the face of volatile economic times?
One of the biggest suburban apartment landlords in the U.S. and one of the most active dealmakers in the Chicago area spent nearly $23 million to acquire a vintage Naperville asset
Whether there is a recession in commercial real estate — or whether one is coming for the U.S. economy — depends on where you’re standing.
Nationwide multifamily rents in January rose from the prior month for the first time since August 2022, growing by 0.4% nationally, new data shows.
The Apartment.com report forecasts 2023 will see the highest new supply totals since the 1980s as underway projects catch up to market conditions. However, the majority of these will be luxury units. This fact, combined with higher interest rates pricing, would-be buyers out of homeownership, and an eventual tapering off of new construction starts, means that demand for many renters is not going away.
Finance is a hot topic industry-wide, and while much of the concern concerns volatile economic factors, it’s more so the lack of clarity surrounding them. Everyone has different opinions regarding what might or might not happen, but it’s essential to look at the macro picture to find a solution.
DMG Capital, the multifamily investment affiliate of Chicago-based Daniel Management Group (DMG), completed the acquisition of Alice Mae Court, a multifamily townhome portfolio in Orland Park, Illinois, for $5.36 million.
On the heels of buying a large Romeoville apartment complex, an Oak Brook-based multifamily developer has bought another similar property in another nearby suburb. JVM Realty bought the 149-unit Courthouse Square apartment complex at 250 South Naperville Road in Wheaton for an undisclosed amount
There have been many challenges during the past three years, but depending on who’s asked, each hindrance can differ—as can each solution. Several overarching issues facing the rental housing industry are well-documented, such as staffing shortages, interest rate increases, and inflation.
The Naperville City Council last week passed an ordinance that would create a program that could coax developers into incorporating affordable units in residential developments
Tenancy in common (TIC) is a real estate transaction in which there is more than one owner of a specific property.
>As rising interest rates and economic volatility have stifled buying power for investors over the last six months, commercial real estate sellers often have found themselves somewhat of a standoff with potential purchasers.
Diversifying your investments is always a good idea. And in an economic moment like the present, it’s a borderline necessity when the market looks to be approaching a volatile period.
Finding your next multifamily investment can be challenging, especially in today’s market environment. Cap rates are at record lows, and interest rates are rising
Owner financing for commercial properties gives buyers and sellers more control over the transaction and enormous profits by cutting out the traditional commercial lender as a middleman.
Real estate investors commonly use IRS Code Section 103 to exchange properties, thus transferring and deferring tax payments. Pending changes to the IRS tax code could impede attempts to defer capital gains taxes through Section 103.
Sophisticated commercial real estate investors always have an exit strategy to help maximize profits by selling when the time is right. There are three main exit strategies to consider when selling commercial real estate:
Commercial real estate is the US’s third most valuable asset class, right behind stocks and bonds. With an estimated market value of about $17 trillion, it’s understandable why many investors are adding commercial real estate to their investment portfolios. Let’s take a quick look at commercial real estate basics, including commercial real estate types and asset classes, and the best
Investing in commercial real estate property can be a rewarding and enjoyable experience when you are adequately prepared. Before you get involved with purchasing any property, you need to figure out how you will pay for your investment.
When evaluating investment opportunities, it is important to understand the difference between commercial and residential real estate. They are both vastly different beasts with their own unique sets of pros and cons.
Selling commercial real estate has always been a complex process due to the multiple steps in the sales process and the uniqueness of each transaction. Despite new transaction trends which have accelerated post-pandemic, the fundamentals of selling commercial real estate remain the same.
Advanced investors know that to really unlock the power of depreciation, you have to use cost segregation. Effective, expert cost segregation can help you enhance and increase the amount of depreciation you can claim — sometimes multiplying it by up to a factor of 10x in a single year.
You have a great piece of commercial real estate that you’re looking to sell, but you need to know how to find the right buyer. There are many ways to find a commercial real estate buyer.
If you’re considering adding commercial real estate to your investment portfolio, look no further – this is the article for you.