Apartment Investing

Second-Half Surge? There’s Still Room for More Cap Rate Compression

By Jerry Ascierto, Multifamily Executive. Foreign capital, healthy risk premium continue to drive prices up and cap rates down. But for how much longer? Though transaction velocity is slowing, the second-half of the year may see something of a rally in volume—pushing capitalization rates down further. While cap rates hit another low in April—with mid- […]

By July 13, 2016 Read More →

JPMorgan Chase buys Aurora property for ‘operations site’

by Jill Jamieson-Nichols, Colorado Real Estate Journal. JPMorgan Chase has acquired 100 acres of land in Aurora for an “operations site” scheduled to be up and running in two to three years. According to public records, the company paid $11.76 million, or $2.70 per square foot, for the land in the Aurora Crossroads Regional Activity […]

By July 9, 2016 Read More →

Glendale apartment complex sells for $17.1 million

Molly Armbrister, Reporter, Denver Business Journal. Peregrine Place, a 65-unit apartment complex in Glendale, has sold to a local company for $17.1 million. The complex was built last year and was purchased by Mountain Capital Group from its developer. Mountain Capital Group last month sold a 10-unit Capitol Hill apartment complex for a record-per unit price of […]

By June 8, 2016 Read More →
Record apartment rents: Catalyst to buy?

Record apartment rents: Catalyst to buy?

The overall average monthly apartment rent in the Denver area in the first quarter crossed $1,200 for the first time. The median monthly rent for all units also hit a record in the first quarter, according to the Denver Metro Area Apartment Vacancy and Rent Survey released on Tuesday. The average rent in the Denver […]

The Rising Tide of Millennials and What It Might Mean for CRE

The Rising Tide of Millennials and What It Might Mean for CRE

By Dees Stribling, Contributing Editor. If you define “Millennials” as Americans currently between 18 and 35–those born between 1981 and 1997–then this is the year that the number of Millennials will exceed the number of Baby Boomers, which for this purpose are people born between 1946 and 1964. Those definitions and that calculation was done […]

By February 15, 2015 Read More →

Apartment Market

Denver’s apartment rent growth continues to slow

The brakes are being put on Denver’s apartment rent growth as new apartments come on line. According to California property management software company Yardi Matrix, Denver’s year-over-year rent growth fell to 2 percent on a year-over-year basis in September, below the national average of 4.7 percent and well below the double-digit increases experienced in past […]

By October 5, 2016 Read More →

Millennials will be renting for a lot longer

John W. Schoen, CNBC Real Estate. Rampell: Millennials aren’t buying homes, good for them  Tuesday, 23 Aug 2016 | 4:47 PM ET | 02:24. The U.S. housing market continues to move ahead, but a generation of homebuyers is being left behind. That’s the conclusion of an analysis of homeownership by John Burns, a real estate consultant and […]

By September 25, 2016 Read More →

Denver enjoys a new normal for absorption

Colorado Real Estate Journal. As construction continues for new apartments in Denver, apartment investors and developers continue to analyze apartment absorption. Many participants in the industry think there is a new normal and that averages for yearly absorption we have seen in the past are no longer applicable. As multifamily brokers, this is a topic […]

By August 24, 2016 Read More →

2 Denver apartment complexes sell for $144 million

Molly Armbrister, Reporter, Denver Business Journal. Two Denver apartment complexes, including one completed just last year across the street from Coors Field, have sold for a combined $144 million. Both complexes were developed by Alliance Residential, a Phoenix-based real estate company, and purchased by Simpson Housing, a local firm that last year sold a 1,206-unit apartment complex […]

By July 13, 2016 Read More →

What do millennials desire above all else — and how does Denver rate?

Caitlin Hendee, Digital Producer / Social Engagement Manager, Denver Business Journal. What do millennials desire above all else? A thriving job market, even more so than affordable rent and home prices. And Denver, which in recent years has experienced a fast-growing economy, ranks No. 8 as a “perfect city” for that and other qualities millennials crave. That’s […]

By June 10, 2016 Read More →