Rent growth is cooling and apartment landlords are feeling the heat, especially those who will soon need to refinance debt they took on to buy buildings. Yet one company is still upbeat on the outlook for multifamily rentals, particularly in the Sun Belt.
“So we’re definitely bullish on multifamily both in the short term and the long term,” he added. The company is particularly optimistic about rent growth in the Sun Belt and owns a number of properties in Florida, South Carolina, North Carolina and Texas. At Fundrise, the minimum initial investment is $10, and accredited investors also have access to more funds.
The first factor is that some investors have been hurt by a drop in multifamily home values. According to real-estate analytics firm Green Street, the value of apartment buildings has dropped by 21% in the last 12 months. DiversyFund has several properties that are up for refinancing, Lewis said, but because the company has multiple properties, it is weighing the option of selling one to generate enough capital to refinance and restructure the expiring debt. “The beauty about having a fund is that you have multiple properties in one portfolio, so it allows you to have some flexibility,” he said.
Lenders are more cautious now, Lewis noted, and more conservative in their underwriting. But investing in real estate is still a good bet, he said.
🖕🇺🇲🖕🇺🇲 This shit should NOT be treated as purely a free market because it doesn't fully fit the definition. I cannot wait till China liberates the US
برنامج اولآ وعن طريق برنامج زواج على الرحب والسعى