The Commercial Real Estate Blog-O-Sphere News #12 – Apartment Short Sales?
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apartment short sales?
Greetings from the dead Christmas tree capital of the world!
Rob Powell: Commercial Real Estate Investor and Coach
If you read my last blog….you may be bummed of all the talk of a coming depression. In all honesty, it got me thinking off all the opportunity that is coming. Not just in Commercial Real Estate but also in other investment vehicles.Oh….and by the way….what the heck is a ponzi scheme?
An interesting quote regarding Apartment Investments from Ed NowKedi (Cushman and Wakefield) from his article, “Short Sales are Coming”
Numerous factors are exerting pressure on the real estate sector at both the individual asset and portfolio levels. One thing is for sure; as the economy softens, vacancies increase, rents fall and access to capital remains frozen, defaults will increase.
My question to Ed is…if people are losing their homes….and now they are not going into apartments….where are they going? One would think with the people losing their homes…they have to go somewhere….how can it be that apartments are not seeing an increase in occupancy? Mobile home parks maybe? or maybe homeless shelters? I can definetly see a decrease in occupancy in high end apartments (A class). But one would think B and C class would be hitting their stride…no?
More Commercial Real Estate News from the Blog-O-Sphere:
| Housing blues hit Shady Canyon – Lansner on Real Estate … – What does this mean for OC real estate? Well, it means prices across the board are coming way down. Bogey Says: December 29th, 2008 at 8:32 am. LEE, EXACTLY! It’s mind-boggling that some people still don’t ‘get it’ …
Real Estate Blog – What’s a Ponzi Scheme? (And Who Is This Ponzi … – Pappas Realty Co. Office Phone: (330) 762-0535 x 16. Email Me. Commercial Investment Real Estate, Ohio, Summit County, Cuyahoga County, Apartments For Sale, Multi-Family, Retail … Real Estate Blog – Broomfield RE Trends: Large Apartment Investing – Investing in Real Estate 5 – Large (5+ unit) Apartment Building This blog will discuss a type of real estate investment, large apartment buildings, in the Broomfield area in Denver. What this investment is: Still targeting tenants for … The (Big) Round-Up: Monday | The New York Observer – With so much federal money up for grabs, major players in the commercial real estate industry are putting together a compelling case for why they deserve some cash of their own. [NY Times]. A young couple ditches the suburbs for an … Plans by banks to tighten lending even further seen as new blow to … – Several banks have either suspended or stopped loans to construction and real estate companies. ‘Clearly there is a sector bias against real estate, construction and the hospitality sector in our lending operations as these sectors are … |
Until next time…..rob
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3 Comments
December 30th, 2008 at 10:18 pm
Rob,
I totally agree that it seems counter intuitive to think that vacancy would be going up during this time. I’m sure it is dependent on the local market.
In Seattle, we are expecting to see vacancy levels rise a little bit in the high-rent close-to-downtown neighborhoods.
The Marcus & Millichap demographics team talked about things like tenants moving in together (Taking on roommates) and moving back with Mom & Dad as possible reasons that the tenant base would not be expanding during this period.
Emily
January 11th, 2009 at 10:38 pm
Actually, the rental industry should see a boom….
http://www.homerevaluation.com
July 7th, 2009 at 3:40 pm
Nice!