MHN’s November 2020 Must-Reads

3 min read

Catch up on our most important stories, interviews and analyses for last month.

This November started off with two significant question marks, one regarding the Presidential Election’s results and the other concerning partial and full rent payments. With that in mind, we sat down with industry experts to discuss how the next administration is likely to tackle residential issues, while also looking at what Joe Biden’s victory could mean for Fannie Mae and Freddie Mac. Additionally, as the year comes to an end and the eviction moratorium is set to expire, industry groups are hoping that potential relief funding could be attached to a spending bill needed to avoid a government shutdown.

Meanwhile, as the U.S. continued to have high number of confirmed coronavirus cases and as the job market still feels the effects of the ensuing economic volatility, it came as a relief that more than 80 percent of U.S. rental households have made rent payments as of Nov. 6, according to National Multifamily Housing Council data. That’s a 1.1 percent increase compared to the similar period of last year, as well as a 1 percent increase from the same period of last month.

More than half a year into the pandemic, data shows a major movement out of densely populated coastal cities, according to an OPTECH Virtual Conference presentation. NMHC’s 2020 conference also focused on IT challenges for the multifamily industry.

As noted in a Newmark research report, multifamily investment sales volume has seen the strongest sequential gain since 2011. And November was full of big-dollar investment deals and strategies, including Investcorp’s disposition of eight multifamily properties in four states for more than $900 million, Starwood Capital Group’s expansion of its affordable housing platform with the acquisition of more than 4,500 units for almost $645 million, as well as CRG’s $1 billion development strategy.

Here are MHN’s must-reads for last month:

Top 40 Multifamily Property Owners of 2020

The 2020 CPE-MHN Top Owners ranking utilized self-reported data for all firms.

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Urban Cores to Survive, Says Bibby at CPE-MHN Summit

NMHC’s president was honored during the event for his long service to the industry.

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MHN Announces 2020 Excellence Award Winners

The 14th edition of the awards program honors the industry’s outstanding deals, projects and professionals.

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Moe Vela Tackles Multifamily Challenges at CPE-MHN Summit

The CEO of The Vela Group delved into stimulus policies, affordable housing and cultural customization in his opening keynote address.

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Multifamily Refinancing’s Top Trends and Strategies

Owners have a higher bar to meet, but multifamily properties are still attractive candidates for refinancing. Here’s what lenders want to see.

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Top 5 Markets for Transaction Activity

The five metros on this list accounted for more than 25 percent of the nation’s sales volume over the first three quarters.

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Senior Housing Investor Survey Shows Guarded Optimism

Most industry insiders expect that occupancy will increase over the next 12 months, according to a new report by CBRE.

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Living and Breathing Mortgages: MBA’s Robert Broeksmit

How his 30 years in the mortgage sector led to an opportunity to head a top industry trade group.

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