Multifamily real estate had a great year
2018 marked a banner year for multifamily real estate. It was actually the best year of the century. The rental market had folks spending more than ever. Freddie and Fannie also made out with commercial and multifamily loans at an all-time high and delinquencies remaining at all time lows.
If you build it, they will come…
Over 267,900 units were completed last year.
Let’s see what 2019 has in store.
A new senior living brand
The Miami-based firm, Lloyd Jones is launching “Aviva 55,” a senior living brand.
“In general, what we feel is that technology is going to rapidly allow people to age in place and not have to end up going to an assisted living, which as we know is getting more and more medically acute,” said CEO Chris Finaly.
The company is not aiming for high-end development, but rather cost-effective living.
- Clutter, a self-storage startup is reported to be raising between $200m-$250m in a round led by SoftBank. Clutter makes storing your stuff easy by offering pickup and dropoff services.
- Real estate investor Gelt is moving into the self-storage space amidst economic uncertainty. The company plans to grow a portfolio to 1 million square feet in the next 12-36 months.
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