Category: Real Estate

While capital likes multifamily and industrial, most CRE sectors, even retail, have a positive story.

Hilary Provinse, executive vice president and head of mortgage banking for Berkadia, expects the apartment sector to continue to attract debt and equity in 2020. But multifamily won’t be alone.

“The other asset classes aren’t that far behind,” Provinse says. “We still have unbelievably favorable low interest rates, which won’t be changing in the near term, and equity capital is remaining plentiful. I think that bodes really well for market activity next year.”
Supply and demand, as illustrated by the need for affordable housing, play a considerable role in multifamily’s strength. “People aren’t buying homes, and people will continue to rent,” says Gerard Sansosti, executive managing director and debt and loan sales platform leader for HFF. “I think they’re going to continue to lend on multifamily.” Besides multifamily, capital providers will also look to industrial in the year ahead. “People can’t get enough of industrial,” Sansosti says. View entire article in Globest.com.

Capital Market Loans or what is also known as commercial mortgage backed securities or CMBS loans have continued to be a major source of real estate capital for commercial real estate investors. CMBS loans tend to target properties that are slightly below the size and quality of most insurance company lenders, pension funds or agency apartment lenders.

If you would like to find out more about commercial real estate financing contact us at Liberty to discuss your next project.

As the the retail apocalypse ravages the US, more than 9,100 stores are expected to close in 2019. And malls across the country are dying as department stores like Macy’s and Sears, once important anchors for mall foot traffic, are closing down for good.

A report from Credit Suisse in 2017 showed that between 20% to 25% of malls are expected to close by 2022.

“The department store industry has suffered in recent decades,” said retail historian Vicki Howard, who authored the book “From Main Street to Mall: The Rise and Fall of the American Department Store” and is a lecturer at the University of Essex. “And their path is closely connected to that of the shopping mall.”

As department stores like Sears and JCPenney shutter, they leave holes in traditional malls, which can sometimes lead to the shuttering of the entire complex. Since 2010, malls have either adapted or succumbed to the retail apocalypse.

Read the entire story here in Bisnow.com

While malls are the most visible properties that are being repurposed other property types such as downtown office buildings and older warehouse buildings have been redesigned for multifamily housing. To discuss financing options for a project and would like more information check out our overview of mortgage financing here or contact us to discuss a project with the form on this page.

Not so long ago, net lease investors saw trouble in the drugstore market. Many feared e-commerce providers would gut Walgreens and other well-known brands like they did other brick-and-mortar retailers. And Walgreens’ 2017 acquisition of around 2,000 Rite Aid stores raised the possibility that these outlets would compete with one another and face closure. A failed merger between Rite Aid and Albertsons also increased uncertainty, and transaction volume in the sector fell about 40% over the first three quarters of 2018, according to Wilmette, Illinois-based The Boulder Group. But net lease drugstore buyers are back, and looking for deals. “A lot of those fears were overblown to some extent,” Boulder Group President Randy Blankstein said. Amazon’s $753M purchase of online pharmacy PillPack last year, while not a failure, did not exactly revolutionize the industry, he pointed out. “Customers’ ingrained habits of going to their familiar neighborhood pharmacy has largely won out.”

Read more at: https://www.bisnow.com/chicago/news/retail/clarity-brings-net-lease-buyers-back-to-the-drug-store-market-after-tumultuous-2018-101653?utm_source=CopyShare&utm_medium=Browser

To find out more about commercial real estate financing and how we can assist you find more information here

Takeaways from the National Apartment Association’s Latest Income and Expenses Data for Apartment Buildings

The National Apartment Association’s Income & Expenses Report for 2019 reveals rising NOIs, as well as rising apartment operating expenses.

The National Apartment Association (NAA) just released its Income & Expenses Report for 2019. Here are the key findings from NAA’s research, which was based on financial statements for the year 2018.

• Net operating income (NOI) at the surveyed communities increased by 5.1 percent.
• Total revenue went up by 6.8 percent during the year, with the largest increase in revenue coming from higher parking fees. Both revenue lost to “bad debt” and revenue lost to vacancy declined this year.
• The average turnover rate for apartments rose to 51 percent from 48 percent in 2017. The increase came after two years of declines in apartment turnover rates.

Read entire article here in National Real Estate Investor and to find out more about financing your apartment property contact Liberty by calling us directly or using the contact form on the right.

Making money in real estate isn’t for everyone. It takes grit, time, and most importantly, cash.

According to Brent Sutherland, a certified financial planner, real-estate investing is a decidedly “non-traditional” method for building wealth, but a powerful one nonetheless, he wrote in an article published on CoachCarson.com.

When he was 35, Sutherland bought his first single-family home to rent out for income. Now, less than five years later, he owns eight additional properties, plus part of a commercial real-estate project that involves four apartments, a garage, and 10 mobile homes.

After becoming a real-estate investor himself, Sutherland left traditional financial advising to coach clients on his own. The reason why, he says, is that the way advisers are paid, trained, and regulated generally inhibits them from recommending a non-licensed product like physical real estate to clients. To read entire article go to Business Insider

If you have invest in real estate learn more about financing your commercial property here or contact Liberty in the form to the right.

To further job creation in Rogers County, electric utility Public Service Company of Oklahoma plugged into some generosity on Thursday.

PSO announced that it was transferring 2,000 acres of its land at the Inola River-Rail site to the City of Tulsa-Rogers County Port Authority for economic development. At a meeting of the Port Authority earlier in the day, board members voted to move forward with the deal…

The deal encompasses about 1,960 acres at the Inola site, a portion of which is adjacent to the McClellan-Kerr Arkansas River Navigation System, which is 445 miles long and runs from the Tulsa Port of Catoosa to the Mississippi River. An additional 200 acres retained by PSO may be made available to the Port Authority for future purchase.

Read entire article here in Tulsa World.

To discuss a real estate financing project contact Liberty here.