Positive Occupancy Trends

Unveiling the Market's Secrets from Behind the Scenes

Author

Nuvo Capital
May 09, 2024

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“April’s positive occupancy increase highlights strengthening apartment demand is carrying forward from the highest-ever first quarter tally – which saw more than 100,000 units absorbed on net.”

-Carl Whitaker, Senior Director of Research and Analysis at RealPage

Recent Multifamily Sales (Click to view details)

Recent Multifamily Loans (Click to view details)

Question: 

When setting rental rates for multifamily properties, how do you conduct market analyses, consider property amenities, and adjust pricing strategies to optimize both occupancy rates and rental income?

Answer: 

Setting rental rates for multifamily properties involves a strategic approach that considers market dynamics and property features. Conduct thorough market analyses to understand local rental trends, demand, and competitor pricing. Evaluate the amenities and unique features of the property to determine its competitive advantage. Adjust pricing strategies based on seasonal demand, market fluctuations, and property improvements. Regularly review and update rental rates to align with market conditions while optimizing both occupancy rates and rental income for the property.

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Can 'Family' and 'Office' Truly Be Separate? w/ Dennis Jaffe

In this episode of "Keeping it in the Family Office Podcast," we're joined by Dr. Dennis Jaffe, a seasoned expert in family enterprise consulting with over 40 years of experience. Dr. Jaffe is a Senior Research Fellow at Banyan Global Family Business Advisors and has extensively contributed to understanding how family dynamics interact with business operations.

Quiz of The Week

What is the purpose of a "Rent Roll" in commercial real estate?

a. A document outlining property taxes

b. A list of property management contacts

c. A summary of tenant leases and rental income

ǝɯoɔuᴉ ʅɐʇuǝɹ puɐ sǝsɐǝʅ ʇuɐuǝʇ ɟo ʎɹɐɯɯns Ɐ ·ɔ

Random Tip of the Week

🗓️Implement Maintenance Schedules - Develop and adhere to a regular maintenance schedule for your properties. Addressing maintenance needs promptly not only keeps your properties in good condition but also minimizes potential tenant complaints and vacancies. A well-maintained property enhances tenant satisfaction and supports long-term value appreciation.

Current Rates (Weekly Update)

10-Year Treasury - 4.45% (⬇️.23%)

Fed Funds Rate - 5.33% (0%)

1-Month Term SOFR - 5.32% (⬆️.01%)

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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