Texas Real Estate Boom

Unveiling the Market's Secrets from Behind the Scenes

October 10, 2024

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“With a combination of favorable economic conditions, consistent population influx, and a business-friendly environment that continues to attract investment and innovation, Texas’ major cities are poised to continue dominating the real estate landscape, with Houston leading the way.”

-Emilia Man, Senior Marketing Analyst at Yardi

Recent Multifamily Sales (Click to view details)

Recent Multifamily Loans (Click to view details)

Question:

How do you estimate the operating expenses for a multifamily property?

Answer:

Estimating operating expenses for a multifamily property involves reviewing historical expenses, including property taxes, insurance, utilities, maintenance, and property management fees. Analyzing similar properties in the area helps benchmark expenses and anticipate potential cost variations. Additionally, factoring in future maintenance and capital expenditures based on the property's age and condition ensures a comprehensive estimate of ongoing operating costs.

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Payton Mayes | The Hurdles For Apartment Builders

Rental housing economist Jay Parsons shares on the roller-coaster path multifamily supply, covers recent headlines on apartments and single-family rentals, and offers up rental housing trivia and Q&A. He's joined later by Payton Mayes, CEO at apartment developer JPI, to dive into the headwinds facing developers today, how JPI is working around those headwinds, and what policymakers can do to boost housing supply.

Quiz of The Week

What does "REIT" stand for in the context of real estate?

a. Real Estate Investment Transaction

b. Residential Equity Investment Trust

c. Real Estate Investment Trust

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Random Tip of the Week

📈 Monitor Competitive Market Rent- Conduct comparative market analysis regularly to adjust rent prices competitively, attract quality tenants, and maximize rental income potential.

Current Rates (Weekly Update)

10-Year Treasury - 4.01% (⬆️.23%)

Fed Funds Rate - 4.83% (0%)

1-Month Term SOFR - 4.82% (⬇️.02%)

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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