By Sarah Borchersen-Keto
[APRIL 24, 2014] Starwood Capital Group Chairman and CEO Barry Sternlicht is expressing confidence that the single-family rental housing sector has the potential to become a major REIT asset class, but he acknowledges that investors remain skeptical.
via Sternlicht Sees Strong Potential in Single-Family Housing Business | REIT.com.
Have you been searching for an alternative to the ups and (mostly) downs of the stock market? Are you interested in the growing trend of using retirement funds to invest in real estate, tax liens, precious metals or other alternatives, but feel intimidated by self-directed IRAs?
National Education Specialist John Bowens from Equity Trust Company will provide an easy-to-understand overview of self-directed IRAs, which will include:
• How to tap into IRA and 401(k) funds to make more deals than you thought possible
• How investing with self-directed IRAs equals tax-free or tax-deferred profits
• How to possibly qualify for large tax deductions
If you’ve been thinking about taking control of your retirement savings, now’s the time to start!
via Beginners Guide to Self-Directed IRAs.
For many adults who are nearing their 60’s (and even some adults much younger than that), one of their biggest financial concerns is being able to save enough for retirement. The average American who reaches age 65 can expect to live for about another 20 years, so if that individual plans to stop working once they retire, they will need to have accumulated a significant nest egg to cover their ongoing living expenses. Many adults find that they haven’t save enough.
So what happens if you find yourself in this position? What do you do if you believe that you’ve saved too little for your retirement?
Click below to read Quest IRA’s response:
via Worried about too Less Savings Retirement? | Quest IRA, Inc..
[CNBC, 04/02/2014] a lot of folks thought that the housing recovery would weaken rental demand and in fact, that sentiment hit the apartment reits pretty hard last year. investors were concerned about overbuilding. fast forward to the first quarter of this year. rental demand is still very strong. vacancies down 20 basis points to just 4% according to reit. rents continue to grow up over 3% from a year ago. they would be higher but landlords say that weak income growth is holding them in check. so with all that, it seems that investors have come back to apartment reits this quarter with a vengeance. the sector returned 12.75% in q-1 making it the top yielding of all commercial reit sectors.
via Apartment REITs returned to 12.75% in Q1.
By Michael Stoler, Commercial Observer
(MARCH 28, 2014) The residential rental asset class is one of the most sought-after investments by purchasers of commercial real estate. Investors from around the world, including private equity funds, real estate investment trusts and established long-time owners of real estate, all want to own this asset class, especially if the property is located in New York City.
The purchasers and the owners of this property class have been fortunate that the majority of commercial and savings banks, as well as Fannie Mae, Freddie Mac and Wall Street firms providing CMBS financing, are all very interested in financing rental apartments.
via Multifamily Lenders Scramble For Business | Commercial Observer.
By Jessica Flur, Senior Editor
MULTI-HOUSING NEWS ONLINE
Washington, D.C.—Recently Senate Banking Committee Chairman Tim Johnson (D) and Ranking Member Mike Crapo (R) drafted the Federal Housing Administration Solvency Act of 2013. If passed, this bill would have a direct impact on Fannie Mae and Freddie Mac and calls for the creation of a new enterprise called the Federal Mortgage Insurance Corporation (FMIC).
MHN talks to Willy Walker, CEO of Walker & Dunlop, about this new proposed legislation and how the bill could affect multifamily if it passes.
via How Proposed Johnson/Crapo Legislation Could Affect Multifamily | Multi-Housing News Online.
NATIONAL REAL ESTATE INVESTOR
(MARCH 22, 2014) Excerpt
When we think of LEED, we typically think in terms of class-A office buildings in the CBDs of our nation’s top-tier cities, such as New York, Los Angeles or Chicago. But what about the vast stock of existing buildings outside of that profile? What are the sustainability options for class-B assets in the outskirts of St. Louis, or an existing multifamily property in Oklahoma City? Where do they fit within the relatively narrow spectrum of potential LEED ratings and programs?
The fact is that LEED certification fails to address our nation’s huge inventory of multifamily buildings. Neither does it allow for many assets that are not class-A or better.
In fact, our research shows that, of the total commercial real estate stock in the United States—roughly 84 billion sq. ft., according to CoStar, not counting specialty, sports and entertainment facilities—LEED certification addresses only 3 percent of the inventory. That essentially excludes something on the order of 81 billion sq. ft. nationwide and renders the program of no relevance to the vast majority of industry practitioners. LEED was and remains groundbreaking. But its scope is narrow and the math is inescapable.
via The New Age of Green: No Building Left Behind | Property Management content from National Real Estate Investor.
By Summer Gell, Partner Engineering and Science Inc.
(MARCH 21, 2014) Multifamily housing investors’ options for financing sources have been shifting lately, and Fannie Mae’s recent major revisions to the Multifamily Selling and Servicing Guide–which went into effect in February 2014–are adding another layer of complexity to the multifamily lending landscape.
Fannie Mae’s Guide revisions included underwriting standard changes in addition to significant changes to the third-party engineering due diligence required for multifamily mortgage loans, more specifically the policies for Physical Needs Assessments (PNA, also called a Property Condition Assessment by other lenders) and Seismic Risk Assessments (SRA) for properties in high risk seismic areas.
via Charting a Course Through a New Multifamily Lending Landscape | Multi-Housing News Online.
By Dees Stribling, Contributing Editor
Existing home sales dropped by 0.4 percent month-over-month in February, according to the National Association of Realtors on Thursday, to an annualized rate of 4.6 million units, compared with 4.62 million in January. The February 2014 rate is also 7.1 percent lower than the same month last year. In fact, it was the lowest monthly rate since July 2012.
via Economy Watch: Home Sales Edge Down in February | Multi-Housing News Online.