The multifamily acquisition market is splitting into two distinct channels with very different economics, according to one acquisitions executive who has closed over $300 million in transactions. While institutional capital typically targets properties marketed publicly through major brokerages, a growing group of operators is finding better pricing and deal structures by negotiating directly with owners ...
From 2010 to 2023, property values in Arizona and much of the U.S. rose steadily, creating a hidden safety net for both lenders and borrowers. Geoff Ball, a hard money lender with two decades of experience in Arizona, says that era allowed questionable lending and borrowing decisions to go largely unpunished. Now, as price growth ...
Institutional investors entering secondary markets often overlook how neighborhood opposition and complex entitlements can derail otherwise viable projects, according to a Kansas City developer who advises fund managers. When institutional investors move into secondary markets, they typically bring strategies honed in significant cities, detailed market analysis, and the belief that their resources can overcome local ...
Florida’s real estate development faces a growing risk that is receiving little public attention: the long-term availability of potable water. Bill Eshenbaugh, founder of Eshenbaugh Land Company, warns that water constraints could soon outweigh regulatory and financial challenges as the state’s population and industry expand. “The biggest risk probably is where we get the availability ...
Florida’s shortage of available land in key development corridors is not primarily due to limited geography or environmental regulation, according to Bill Eshenbaugh, founder of Eshenbaugh Land Company. Instead, he points to the decision-making of multigenerational landowners, who keep productive land off the market even as prices soften and development demand slows. “Landowners today are ...
In Tampa Bay, institutional investors are not holding back capital in hopes of lower prices or improved sentiment. Instead, the extended timeline from land purchase to certificate of occupancy is making it almost impossible to underwrite new projects with confidence, according to Bill Eshenbaugh, founder of Eshenbaugh Land Company. Delays in permitting, regulatory changes, and ...
Industry veteran Sergio Grado, who has worked across Houston, Dallas, Austin, and San Antonio for over two decades, says Texas’s major real estate markets now face distinct challenges that generic investment strategies cannot address. Grado, a second-generation builder with experience in construction, business development, and distribution throughout Texas, observes that the differences among Houston, Dallas, ...
The home equity line of credit (HELOC), once a standard financial tool for American homeowners, is now nearly unavailable from mainstream lenders. Geoff Ball, President of HD Lending, LLC, describes HELOCs as “one of the hardest loans to get in the industry,” pointing to a dramatic shift in the lending landscape. Ball, a hard-money lender ...
The Phoenix metropolitan area has rapidly evolved from a relatively quiet city in the 1990s into one of the nation’s most active construction markets. Jim Roland, Senior Vice President of Arizona Operations at Alcorn Construction, has worked in the region for nearly three decades and has seen firsthand how Phoenix has attracted national and international ...
Restored bonus depreciation provisions in 2025 are creating tax advantages for short-term rental (STR) investors that long-term residential landlords cannot access, according to Lucas Piper, owner of Five Star Vacation Home Rentals in Austin. Piper argues that these tax benefits are the strongest reason to prioritize STR investments over traditional rental strategies in the coming ...
The new construction market in South Florida has split into sharply distinct segments, with pricing strategies diverging to the point that communities across the street are operating in entirely different markets. According to Raymond Fernandez, a relocation specialist at eXp Realty who focuses on new construction in Palm Beach County, builders’ approaches and incentives have ...
Major real estate owners entering New York City’s property tax system often encounter a dysfunctional appeals process that does not meet the standards of a global financial center. Instead of rigorous valuation reviews and structured appeals, owners face an understaffed, expedited, and unpredictable process. When institutional investors acquire commercial property in New York City, they ...
Over the past two years, venture capital investors have favored startups with AI in their pitch decks, often driving company valuations up by 20%. This enthusiasm is now shaping commercial real estate decisions in ways that concern Mandi Wedin, Founder and CEO of Feroce Real Estate Advisors. Wedin, who advises institutional investors and operators on ...
As Austin’s short-term rental (STR) market expands to roughly 13,000 active listings, one property manager is outperforming competitors by turning away most opportunities and focusing on quality over quantity. Austin’s STR inventory has nearly tripled since 2017, growing from around 4,500 to 13,000 properties. Lucas Piper, owner and founder of Five Star Vacation Home Rentals, ...
Swimming pools have shifted from a minor home upgrade to a central factor that divides suburban housing markets, according to a veteran broker who says the pandemic caused one of the most significant changes in residential real estate valuation in recent memory. Matt Mobley, broker and owner of Hancock Realty Group in Clermont, Florida, says ...
