Brook Farm Group

Where are #multifamily investors looking to place capital? Not surprisingly, the focus is on markets with strong population growth and business expansion, according to this GlobeSt.com story. Based on a recent report from Arbor Realty Trust and Chandan Economics, Nashville, Phoenix and Austin topped the national list due to high rankings in affordability and population growth, among other factors. Some affordable Midwest markets, such as Indianapolis and Columbus, also performed well, but many large metros ranked lower. Other markets on the highest-performing list were Jacksonville, Dallas, Raleigh, Kansas City and San Antonio. https://lnkd.in/g4B2Su85 #multifamily #MultifamilyInvestors #apartments #topmarkets

Another strong sign for the #Atlanta employment sector and #multifamily demand in the overall market, as AIG announces plans to consolidate two offices and add 600 new jobs at a new 180,000-SF innovation hub in Brookhaven. The global #insurance firm will be tripling its employee count in the market. According to this Yahoo Finance news release, AIG will be hiring local talent for roles in underwriting, claims, operations, data engineering and AI. https://lnkd.in/ga5_rVYh

Rental absorption rates edging up in the third quarter, showing the continued resilience of the #multifamily sector, according to a recent report from Apartments.com, part of the CoStar Group. The 176,000 units absorbed nationally represented the smallest supply-demand gap in three years. With a more balanced market, the vacancy rate fell 10 basis points to 7.8%, the first quarterly drop in vacancy since the end of 2021. Check out the report for details on #rent growth and how luxury rentals are faring. #multifamily #ApartmentRentals #MultifamilyInvestment https://lnkd.in/g4jfVJ3d

Where are the hottest #rental markets? A few might surprise you! According to this RENTCafé report in Multi-Housing News, several Southeast growth markets made the list, but the Chicago suburban market ranked first, followed by Miami-Dade and Milwaukee. In compiling this list of the top 20 most competitive rental markets, RentCafe analyzed more than 100 cities across the U.S., looking vacancy, lease renewals and other factors. While about one-third of those markets showed softening conditions since last year, #multifamily demand is still robust overall. #Miami #ApartmentRentals #multifamily #MultifamilyGrowth #ChicagoApartments #SoutheastGrowth https://lnkd.in/g6DDTsVV

An analysis of the #multifamily construction sector shows mixed results on key issues impacting the level of supply coming to the market. A recent report from the National Multifamily Housing Council (NMHC) noted fewer project delays, with only 52% of the companies surveyed reporting construction delays. According to this GlobeSt.com story, that percentage is well below the 81% reported in March. However, there are fewer projects in the pipeline, with U.S. Census Bureau data showing 37% fewer starts between 2Q 2023 and 2Q 2024. #multifamilydevelopment #apartmentsupply #multifamilyinvestment https://lnkd.in/gbF67U6r

Patterson Real Estate Advisory Group is thrilled to announce its involvement in successfully sourcing the construction financing for Rail Gauge Partners and Brook Farm Group's The Sinclair at Palm Pointe- a 265-unit, Class A infill multifamily development in Fort Myers, FL. Patterson arranged preferred equity financing and a senior loan participation led by Trustmark Bank with First Horizon Bank. “We appreciate all of our partners’ hard work and determination in getting this across the finish line." Said Will Killgore Rail Gauge Partner/Founder. "Palm Pointe will be a fantastic project in an infill location.” Press Release: https://lnkd.in/ec5tHnrH Costar Article: https://lnkd.in/eXExeN8v Use the below link to view Patterson Real Estate Advisory Group's current assignments: https://lnkd.in/e3uyQRkn #commercialrealestate #cre #multifamily #realestatedevelopment #multifamilyinvesting #multifamilyrealestate

Construction has begun at The Sinclair at Palm Pointe, a community that will offer 265 apartment units. https://hubs.ly/Q02LHrD60 Sign up for a free BLDUP account: https://hubs.ly/Q02LHpz70 Brook Farm Group, Rail Gauge Partners, Brooks and Freund LLC, Gary B. Coursey & Associates, Architects

What are the top amenities for renters? According to a recent Zillow review of nearly 5.6 million searches, off-street parking and in-unit laundry are the most in-demand features. But, don't count out the pet-centric or remote work features just yet. Turfed pet areas, co-working spaces, and community happy hours are also top of mind for renters. The parking and laundry amenities contributed to nearly twice as many saves and shares per day, according to this MFE Magazine story. Listings mentioning off-street parking received 85% more saves and 103% more shares daily, with in-unit laundry receiving 78% more saves and 92% more shares. While a great amenities package with a pool, fitness center and clubhouse is still a big draw, renters are also focusing on these practical amenities that positively impact their daily routine. #multifamilydevelopment #multifamilyliving #apartments #multifamilyinvestment #amenities https://lnkd.in/gG2uFmYF

Can we expect more #multifamily transactions now that interest rates have dropped 50 basis points? The Federal Reserve Board's decision to cut interest rates this week opens a unique window of opportunity for the next 50 days, according to recent comments from Marcus & Millichap. National Director of Research John T Chang tells GlobeSt.com the cap rate and interest rate environment will align well for investors during this initial time. #multifamilyinvesting #interestrates #multifamilydevelopment #financialmarkets https://lnkd.in/gzk8MEcD

Members of Brook Farm Group attended the topping out party hosted by Fortune-Johnson LLC at The Sinclair at Callaway Farm in Covington, GA. It was a great event - amazing to see the number of people working on this exciting project!