The San Diego apartment market continues to be on fire with multiple offers on each appropriately priced multifamily offering. Cap rates below 4% are becoming a reality. Rents are continuing to rise, vacancies are declining, and the number of units available is shrinking. Vacancies are at 2.4%, rent growth is at 12.8% across the board where newer buildings increased in...

You should be able to view the June 11th Santa Monica Rent Control board meeting by clicking the link here. consideration of imposing a $32 ceiling on the 2020 annual general adjustment of 1.4% COVID-19 Eviction Moratorium May 8th the city of Santa Monica extended the emergency eviction moratorium that went into effect on March 14th and goest through June 30th. ...

Here are a collection of links to articles I'm reading now to stay abreast of the fast changing multifamily environment during the COVID Pandemic. MHN Article - Six Feet of Separation: Apartment Communities Prepare for Life After Quarantine "It won’t be business as usual for the foreseeable future. Until there is a vaccine or a treatment, masks and social distancing will...

GlobeSt Article - 24% of Apartment Dwellers Were Not Able to Make Rent in April - get link here "In April, 24% of apartment renters were unable pay rent. According to a report from Apartment List, one in four renters made either a partial rent payment or no rent payment at all. Additionally, the same number of homeowners—one in four—did not...

Globe St. - Is Coronavirus Considered an Act of God? Get link here. "he pandemic may not meet the requirements of force majeure and might not relieve parties from contractual obligations" “The Covid19 situation is an “Act of God,” but not all “Acts of God” excuse a party from its contractual obligations,” Kenneth Fields, a partner at Greenberg Glusker,” "“The threshold question is...

Watched another great, informative and inspiring Walker & Dunlop live webcast yesterday morning, find the video by clicking here. The video featured author Nancy Koehn, link to her book here, Forged In Crisis. She quoted a few leaders in history that thrived and grew throughout and after a crisis, like the Civil War, Great Depression, etc. This plus further insight...

Here's a collection of articles relevant to your multifamily real estate investments. Apartment Owners Association has a collection of forms, petitions, employment, health info, find it here.  CoStar Sate of the Apartment Market, find it here. Multi-Housing News - U.S. Renters May Need $12B in Monthly Support, find it here. renters may need $7-$12B over the next 3-6 months 15-26%...

Latest CoStar Figures Indicate Owners Have Put a Hold on Selling By John Doherty CoStar News March 31, 2020 | 08:55 A.M. As the coronavirus shuts down more of the country, apartment owners are showing they are loath to sell. Multifamily listings are at their lowest level in a decade, according to CoStar data. Only about 17,000 units of rentals hit the selling block in the past...

Vacancies Could Reach Record Levels, Topping a Recent Peak in 2017 State of the Market Video: Coronavirus Will Likely Play Havoc With Apartments Vacancies Could Reach Record Levels, Topping a Recent Peak in 2017 By John DohertyCoStar NewsMarch 25, 2020 | 02:34 P.M. Expect U.S. apartment vacancy rates to hit record highs, CoStar’s experts say. The wave of new properties scheduled to be finished up in...

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