The Colorado Springs apartment market is making a strong comeback, as shown by recent sales and new construction starts. Major investors from out of the area have recently purchased large multifamily properties in Colorado Springs. In October, Sequoia Property Partners of New York closed on the South Circle Arms, a 112-unit apartment complex built in [...]
Browsing Posts tagged multifamily properties
In response to an inquiry regarding the prospects of these two markets, I put together the following short clip. In it I pulled data from the Bureau of Labor Statistics as well as subscription services comparing DFW and Las Vegas for job growth over the past decade, and projections of population growth through 2015.
According to a recent report in the Wall Street Journal, multifamily housing starts will increase significantly in 2010. Green Street Advisors, a real estate research firm, says that REITs (real estate investment trusts) plan to put almost $1 billion into new apartment construction this year, a whopping 10 fold increase over the $100 million invested [...]
A year ago, many were predicting that 2009 would be the year when there would be a large rush of apartments coming to market at killer prices. Since that failed to materialize, the question remains: Why? After all, the financial news was pretty bleak. Banks were closing at a rate of more than two per [...]
