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Why Build-to-Rent Homes Are CRE’s New Fifth Wheel
And then there were five. The commercial real estate industry is well known for its four core asset classes—multifamily, industrial, office and retail—but there is officially a new player in the game. New construction single-family rental communities, also known as build-to-rent, are quickly becoming a pillar in the industry in response to rising demand and…
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How Real Estate Developers Are Handling Erratic Material Costs
The costs of steel and lumber have thrown real estate developers for more than one loop in the past year. Many hoped the pandemic would suppress construction materials costs. Instead, costs shot up, setting new records along the way—but the price increases have hardly come in a straight line. Prices have soared then plummeted in…
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Lenders Are Giving a Green Light to Sustainable Building
Three letters are promising a sweeping change to the CRE industry: ESG. In the last year, major commercial property stakeholders have announced aggressive environmental, social and governance—known colloquially as ESG—strategies and goals, shining a long overdue spotlight on sustainable development and efficient building operations. Lenders are stepping up, too, with green-focused funding products for development…