John Phoenix’s Post

Equity Residential Expands Sun Belt Portfolio with $1 Billion Acquisition from Blackstone Equity Residential has taken a significant step forward in its Sun Belt expansion strategy, agreeing to purchase an 11-property apartment portfolio from Blackstone for nearly $1 billion. This acquisition, which includes 3,572 units across Atlanta, Dallas, and Denver, reflects Equity’s confidence in the long-term growth potential of these rapidly developing markets. Although current rent levels in these regions are weak, Equity’s leadership sees this as a strategic investment with a promising outlook for rental rate recovery by 2027. As the commercial real estate market shows signs of stabilization, this deal underscores the growing institutional demand for high-quality assets in the Sun Belt. Read full article here: https://lnkd.in/gTwsSnVa How do you see the future of multifamily investments in the Sun Belt evolving over the next few years? #costar #sunbelt #equity #blackstone

Stunning architecture, quality and economies of scale.

New Gray Capital Deal Alert! This is the type of deal we’ve spent the last 18-months searching for. Great basis, solid returns, and a business plan that sits right in our wheelhouse. What’s more to love about the soon the be rebranded “River Club” apartments? Off-market, 30% discount from the peak (6.4% cap rate on t12, $101k/unit), 16.8% net LP IRR over 5 year hold, 8.2% average cash on cash, and a killer location surrounded by thousands of jobs. There’s also almost no new supply in this market (Evansville, IN) while job, population, and income growth necessitate nearly 3,000 new units by 2027! Simple partnership structure (8% pref 70/30 split) and well below market fees (our attorneys suggested we add additional fees to make the offering “market” and I said “no, our focus and source of returns on this deal is going to be ongoing performance and on the back end” Maybe that’s because the GP will be investing at least $2M into the deal (well in excess of fees). #alignment Sign up for our portal for access to our deal room where you’ll find the full investment deck and other DD materials. This is the deal you’ve been on the sidelines waiting for. https://lnkd.in/gX2nJ3Zj Accredited investors only. #midwest #multifamily #syndication #investing #indiana

Last week at the Marcus & Millichap/IPA Texas conference in Dallas, I had the privilege of hosting a distinguished panel featuring leading multifamily owner-developers, including Josh Kahn, Michael Lynd, Jr., and Blake Taylor. These industry leaders have executed a robust acquisition pace in 2023, defying the market uncertainty that has kept many investors on the sideline. Their strategies were project-specific, but the common denominators include measurable price adjustments already occurring in the market, unique situational distress, attractive price points relative to replacement cost, and a long-term outlook on #multifamily being a favored asset class.   Another positive factor for the multifamily market is the significant drop in construction starts in 2023 and the anticipation of a similar trend in 2024, which boosts rent growth projections for 2025 and beyond. 

Unlock an incredible investment opportunity! We’re finalizing a deal on Edge Apartments, a Class B property in San Antonio, TX, and want you to be part of it. Join our webinar on July 25th at 6:00 PM CST to learn more about this promising multifamily real estate investment. Register now: https://lnkd.in/gEWdJv-X #ShawnRicehouse #multifamilyinvesting #realestateinvesting #financialfreedom #cashflow #apartmentinvesting

Syndicating these multifamily apartment complexes is how a lot of these deals are done. There’s a lot of nuances to structuring a syndication with the general partners and limited partners. If you want to learn more come to one of my bootcamps. Go to https://hubs.la/Q02swvBR0

This is a solid investment opportunity based on today's market conditions: • Sale Not Subject to TOPA – Delivered Vacant • Newly Constructed Multifamily Property • 2 Blocks from Retail Amenities Along H Street NE & Starburst Intersection • Low-Vacancy Apartment Submarket – 15% Declining from 6.82% to 5.81% Over the Past 12 Months • Surrounded by Nearby Development

Thinking about investing in the multifamily market in 2024? The Gray Capital team discusses the serious opportunities for apartment investors on the latest episode of the Gray Report: https://hubs.li/Q02dRc9Y0

Eric Brody shares invaluable insights on the challenges facing troubled multifamily projects, navigating lender-initiated standoffs, and the complexities of recapitalizing deals. Read more in Multi-Housing News February issue. https://lnkd.in/gd5x6kfv #realestate #realestatefinance #structuredfinance #cre

Brokers and owners - we are actively buying multifamily assets in NC, SC, and VA. $5-20mm built after 1980 with a 1.5+ weighted average bedroom count within commuting distance of a 100k+ population center. We need clear line of sight to exit >25% above our all-in cost basis after renovations and re-stabilization at a 5.75-7.50% exit cap. If you bring us that, we’ll buy it. Our contract-to-close rate is 100% across 12/12 deals since our first acquisition in 2017. #realestate #investing #multifamily #privateequity