Industry Influencers In Multifamily Real Estate: February 2020

February 6, 2020

Industry Influencers In Multifamily Real Estate: February 2020

February 6, 2020

It’s only February, but the multifamily experts at Berkadia are hard at work to drive relevant conversation about the state of the industry. Most recently, our 2020 Powerhouse Poll has garnered national attention from our peers, thanks to the insights provided by our top investment and mortgage professionals.

Powerhouse Poll Surveys Multifamily Experts on Opportunity Zones and New Technology

Metros in California, Texas, New York, Florida, and Illinois represent 1/3 of all Opportunity Zone tracts nationwide.

Each year Berkadia leverages the combined expertise and experience of its advisors and mortgage bankers to provide insights on the biggest trends impacting the multifamily industry. Drawing knowledge from 150 experts across 60 markets, the 2020 Powerhouse Poll has already drawn significant interest from our peers in the industry.

RE Journals recently quoted Berkadia Executive Vice President and Head of Production Ernie Katai while covering the 2020 Powerhouse Poll results:

“Opportunity zones were investors’ major focus early last year, but more recently, these tax benefit programs have led investors to deeper conversations around the affordable housing crisis,” said Katai. “This year, with potential changes at both local and national levels, we will see investors dive deeper and seek out affordable housing projects in order to help underserved communities across the country.” likewise quoted the 2020 Powerhouse Poll results, focusing on our advisors’ predictions about new technology impacting the industry. According to Ernie Katai, the latest tools available to the industry would help to greatly improve the efficiency of every step of multifamily transactions.

“Technological developments implemented in commercial real estate have made processing transactions much quicker and afforded investors the data to make well-informed decisions,” said Katai. “With the inherent complexity of commercial real estate transactions — from having dozens of stakeholders, to layers of financing, regulatory concerns and complicated valuation methods — we’re eager to see how technology and data-use across the industry continues to evolve to navigate these intricacies.”

Connect Atlanta Q&A with Mark Boyce Covers SE Multifamily Markets

Experts predict Southeast metros like Charlotte to be among the top growth markets for the multifamily industry in the near future.

Chatting recently with Connect Atlanta, Managing Director Mark Boyce outlined the major trends that investors should be watching in the Southeast United States.

“We’re still seeing new capital flood the Southeast multifamily markets. Job growth continues to climb, and net migration to the Southeast continues to outpace the rest of the country,” said Boyce.

“Year-over-year, we’ve seen 50 basis points to 100 basis points in cap rate compression throughout the Carolinas. A lot of this compression is the result of rent growth and renter demand, which remains very strong and still has a significant runway, especially for Class B and C assets.”