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Top Multifamily Development Trends to Prepare for in 2024
Multifamily housing development has an unclear future as an asset class, with strong fundamentals complicated by a turbulent economic outlook. Market fundamentals have remained strong over the last year, stabilized by strong demand and healthy occupancies. However, the asset class may be in decline by the end of 2023 due to dislocated capital markets, supply
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Commercial Real Estate Due Diligence Checklist (Template and Tips)
Optimize your CRE projects with our due diligence checklist.
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NOI Meaning in Real Estate: Unpacking Net Operating Income
Financial metrics are vital for your development team to track, helping you demonstrate a project is financially viable and will deliver high returns. From the Internal Rate of Returns (IRR), cap rates, and Return on Investment (ROI), your team is likely to use key data metrics to show a project’s profitability to potential investors. Net
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Dodging Pitfalls: How to Secure Your Next Real Estate Development Deal
Market uncertainty and obstacles in the development process posed by COVID-19 have made securing a real estate development deal more challenging than ever. From high inflation and unstable cap rates to unpredictable costs in the construction process, many factors can derail an important deal. Successful real estate developers need to be able to dodge pitfalls
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Mastering the ABCs of Student Housing Development
In recent years student housing development has become an increasingly popular sector of the industry. Developers and investors see a reliable, growing market in the form of undergraduate or graduate college or university students looking to live in residential properties located on or near campus that cater to their unique needs. These projects tend to
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Navigating Real Estate Development Loans: A Comprehensive Guide
Real estate development loans are a type of financing for developers who want to purchase raw land and carry out development on it. The loan is considered a short-term acquisition loan since the funds are being dispersed to prepare the grounds for further construction or sale. You would use a land development loan primarily to
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The Developer’s Guide to Lien Waivers. Everything You Need to Know
Lien waivers, or the formal, legal document exchanged between a contractor, subcontractor, material supplier, or other parties to the construction project regarding payment, are necessary to mitigate risk in the development process. By issuing a lien waiver, you ensure all parties involved in the construction process have been paid and waive or release their right
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Greening Your CRE Development: Sustainable Materials and Practices
Sustainable real estate development projects, or buildings designed, constructed, and managed with minimal environmental impact, are an increasingly desirable asset class as climate-change-related disasters continue to shape communities. Green buildings have numerous benefits, saving your team money, improving efficiency, lowering carbon emissions, and creating safe and healthy places for people to live and work. In
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Legal Hurdles in Real Estate: Navigating Zoning and Building Codes
How to prevent legal hurdles from derailing your project timelines and budgets.