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RACE TO SPEND

RACE TO SPEND
It seems everyone wants to deploy their capital into the best-quality multifamily assets in the Southeast in the shortest time. (The sprinting spirit is alive thanks to the Olympics.) The winners get to lock in good returns generated by strong fundamentals.
 
RACE TO SPEND
Capital Advisors VP Philip Rachels tells us that multifamily deals in the Southeast are being driven by lenders expecting key metrics to be sound throughout the region at least over the next 24 months. "Sales velocity is strong and investors are buying the cash flow delivered by the very aggressive financing that's available," Philip says. "We believe that these types of transactions will be imminently financeable over the next two to three years."
 
Reznick (MultiFam) MCHAR
Catalyst Student Apartments
Charlotte-based Capital Advisors is certainly in the race. Philip recently put together $17.6M in construction financing for the Catalyst Student Apartments, a 402-bed student housing property in Tallahassee. (Hope that budget includes an in-house pizza oven.) For some years now, he says, there have been very few construction starts, and landlords have been able to increase occupancy and bump up rents across the board in most Southeastern markets.
 
Office Moving 2012 MCHAR
Related Topics: Capital Advisors
WASHINGTON DC 06.15.2017

MID-ATLANTIC HEALTHCARE REAL ESTATE FORUM

Development, Leasing, Design and the Impact of Regulatory Reform

Paula Crowley
Anchor Health Properties
Gill Wylie
Johns Hopkins Medical Management Corporation
Charles Weinstein
​Children's National Medical Center