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Interesting experiment: A major lender (Benefit Street Partners) is foreclosing on a suburban Dallas apartment property and will sell it. The twist? Instead of hiring a broker, BSP is marketing the asset over social media. Predictions on how this plays out?

Good chart from Business Insider highlighting how important the Baby Boomer crowd has become to the rental housing business. Not so much a shift in preference, but a big jump in the 65+ population as Boomers age up = larger number of older renters.

New York City has a major housing supply shortage. But that doesn't mean it's automatically profitable to own apartments there.

Kudos to this Boston news outlet for connecting the dots.

Sheesh. Also-- Good job by reporter in noting Romero's rationale ("it won't lower home prices") has been disproven by academic research.

I don't know how anyone could make a case for buying or lending on New York City rent stabilized apartments. Why place an investment with upside potentially capped below inflation + essentially bottomless downside? Resulting impact will be continued erosion of the housing

Did an episode on the challenges for multifamily and SFR groups (of all sizes) are having on raising capital. Alicia Miller (head of US capital markets at Black Salmon) made a good point about one challenge being LPs waiting out deals that may never materialize.

I missed this yesterday, but EQR announced it acquired 2,064 units in suburban Atlanta, average age of 16 years, at a going in cap rate in high 4s. Market realities of today: Sun Belt suburban is hot, and REITs have low cost of capital to compete.

Interesting (but not surprising) to see the markets adding most corporate HQs correlate with markets seeing most in migration.