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Navigating New Start Cliff
Unveiling the Market's Secrets from Behind the Scenes
Nuvo Capital
August 01, 2024
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“We’re not going to hit zero [new starts], but it will give us a suppressed level that will likely drop our vacancy below long-term average, and that will be seen as an undersupply at that point. It’s a big drop right now, you can describe it as a cliff, but it won’t be as dramatic as some people are portraying it.”
-Travis Deese, Associate Director, Multifamily Research at CBRE
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Question: How do you assess the potential for rent growth in a multifamily market? | Answer: To assess the potential for rent growth in a multifamily market, analyze local economic indicators such as job growth, population trends, and income levels, as these factors drive demand for rental housing. Examine historical rent trends and vacancy rates in the area to identify patterns and the market’s capacity to support higher rents. Additionally, consider upcoming developments, infrastructure projects, and changes in local policies that could influence the desirability and affordability of rental properties in the region. |
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Quiz of The Week
What is a "Balloon Payment" in real estate financing?
a. A payment made with inflated currency
b. A payment made at the end of a mortgage term
c. A payment for a property's air rights
ɯɹǝʇ ǝɓɐɓʇɹoɯ ɐ ɟo puǝ ǝɥʇ ʇɐ ǝpɐɯ ʇuǝɯʎɐd Ɐ ·q
Random Tip of the Week
📝 Maintain Detailed Property Records - Keep thorough records of property maintenance, repairs, and improvements. Detailed documentation enhances property value and assists in due diligence.
Current Rates (Weekly Update)
10-Year Treasury - 4.14% (⬇️.10%)
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1-Month Term SOFR - 5.34% (0%)
About Nuvo Capital Partners
Nuvo Capital Partners is a niche market-focused multifamily investment platform operating throughout the Southeastern United States. As a dedicated sponsor (General Partner), we specialize in institutional quality real estate investments within these regions. Our team comprises industry professionals with 25+ years of combined experience, ensuring expertise and market knowledge. We pride ourselves on offering a transparent investment process, providing our investors with access to high-quality real estate opportunities while upholding integrity throughout.
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