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Electra Transcendent will target newly built homes, vacant at acquisition with builder guarantees, in the $175,000 to $300,000 price range.
Planet Fitness has also emerged as a strong mall and shopping center anchor tenant.
The sweet spot occurs when 75% or more of a market's peak-to-trough decline has occurred.
Class A office availability will rise to the 15 to 20% range in top markets.
Rent growth was most robust in higher-priced rentals, but homes in the lower tier lagged.
In the more popular asset types where demand exceeded supply, institutions and investment managers bought lower-valued properties.
Different workers have different needs as they return to the office.
Data from First Street reveals large increases in rates may be necessary in some risk-prone areas.
Higher liquidity, tighter credit spreads drove closings.
These cities have benefited from the population boom, have room to expand, and have the job growth rates necessary to justify multiple BTR projects.