Bendix Anderson

The search for yield is leading investors to smaller properties in smaller markets.

The new federal budget just passed by Congress includes a few changes that will strengthen the LIHTC program.

Cap rates on self-storage transactions averaged 6.3 percent in the fourth quarter of 2017, down from 6.5 percent the year before, according to RCA.

Some of the investors are hoping to raise the rents, but many are satisfied to keep these apartments relatively affordable.

As more multifamily developers experiment with modular construction, its use is increasing.

The REITs have more access to financing than ever before and the percent of rental houses that were occupied in 2017 continued to rise.

“Occupancy is hovering around 95 percent, and that’s a healthy rate, especially with lots of product moving through initial lease-up,” says Greg Willett, chief economist with RealPage Inc.

Rents continue to grow and developers continue to open new properties at many schools, at a fairly consistent rate compared to prior years.