MHN’s February 2021 Must-Reads
Catch up on our most important stories, interviews and analyses for last month.
As we neared the one-year mark of the coronavirus outbreak, it was important to look back on 2020 to examine the sectors that were heavily impacted and understand what’s ahead for the residential real estate market. We reviewed the top 10 markets for transaction activity in 2020, what the last quarter of 2020 tells us about the multifamily market and the new realities for senior housing. As for predictions, we were focused on what to expect from self storage in 2021 and the Midwest markets with increased demand due to the pandemic.
February 2021 marked the closing of an array of investment vehicles, including Waterton’s $1.5 billion Waterton Residential Property Venture XIV; EJF Capital’s $280 million first Opportunity Zone investment fund; and JBG Smith’s $114.5 million affordable housing fund.
At the 2021 NAHB International Builders’ Show, industry leaders talked about, among other topics, why affordable housing is becoming more popular. And at the annual Mortgage Bankers Association CREF21, experts focused on the relative optimism among multifamily finance, investment and servicing professionals, and what’s changing in the market, overall.
Although we know that construction activity has been impacted by the pandemic, development activity picked up in February, with Shopoff Realty Investments planning to kick off its $90 million luxury condo project in Newport Beach, Calif., RXR Realty topping out One Clinton Park in New Rochelle, N.Y., and MIT opening two newly constructed on-campus communities in Cambridge, Mass.
Here are MHN’s must-reads for last month:
