"The Senate, voting unanimously just before midnight Wednesday evening, passed the economic aid package...[A] section of the bill allows a multifamily borrower with a federally backed multifamily mortgage who is experiencing financial hardship due to the COVID-19 emergency...to request a forbearance - a temporary reprieve on payments - for 30 days. Borrowers can also request two 30-day extensions."
Multihousing Pro | September 13, 2018 - "Institutional Property Advisors (IPA), a division of Marcus & Millichap, announces the sale of Monticello Oaks, a three-story, 63-unit apartment complex in Fort Worth, Texas..."
Bisnow Dallas-Ft. Worth Real Estate News | March 21, 2018 | Jeremiah Jensen - "Once DFW’s hidden gem in the multifamily market, Fort Worth is entering a more mature market stage with barriers to entry rising. Soaring development costs and competition ramping up in the market make good deals hard to come by in Fort Worth on both the value-add and the new-build sides. Welcome to the Thunderdome..."
Bisnow National Commercial Real Estate News | December 21, 2017 | Kyle Hagerty - "With the rise of e-commerce, gone are the days of sneaking down the chimney, Dr. Seuss-style. Now ruining Christmas is as easy as picking up a parcel on a porch. Thirty-one percent of Americans have personally experienced package theft, signaling a growing problem in communities already drowning in deliveries." One of the ways apartment owners are combating this increase in package theft is by installing delivery lockers and secure package rooms. Luxer One, the delivery lockers SPI installed on several of our properties, is one of the companies mentioned in this article.
Connect Media | November 29, 2017 | by Colin Cross - "An early supporter of the Fannie Mae Green Rewards program, Hunt Mortgage Group has had a highly successful year in supporting green financing funded through the program...We recently sat down with Michael Becker – Principal at SPI Advisory LLC and a Hunt Mortgage Group client – who recently closed a Fannie Mae green deal to hear why he decided to leverage this unique financing in Connect Media’s latest 3 CRE Q&A."
Dallas Business Journal Commercial Real Estate News | September 26, 2017 | Candace Carlisle - Now that Amazon has announced plans to build a second North American headquarters, Dallas has joined the race to submit a bid to become the new home for the online retailer giant. The proposed development site is in Trinity Groves, a rapidly growing neighborhood in west Dallas. The new Amazon headquarters is "expected to cost up to $5 billion to build to house upwards of 50,000 people". If Amazon were to build in Dallas, it would bring tens of thousands of new jobs and potential apartment seekers to the DFW area.
Bisnow Dallas-Ft. Worth Real Estate News | August 31, 2017 | Jeremiah Jensen - "It has been one week since Hurricane Harvey first hit Texas (and mere days since it left), so it is hard to say with any certainty how the Texas economy will respond over the next six months to a year...whether or not Dallas sees an increase [in multifamily activity] will largely depend on how many people decide to move from Houston."
D Magazine - Commercial Real Estate | February 24, 2017 | by Peggy Daly - An uptick in the North Texas job market has led to a population boom in the DFW area, perhaps surprisingly including in-town multifamily housing developments. This article discusses how the appeal of "walkable, urban environments" and the growing trend of "reverse commuting" has contributed to the increase in popularity for in-town multifamily living.