Multifamily

With apartment demand rising, a vacancy rate near or below 4% and regional unemployment at its lowest level since late 1990s, many investors are investing in fully renovated core assets in core markets.

The massive development occurring in the South Loop and West Loop has not dampened demand for River North units.

But it's very difficult to get conventional financing to acquire and improve multifamily properties in need of significant rehab.

According to a recent renter survey, residents give Los Angeles a C+ for renter satisfaction, with a D for commute time and affordability.

The Consent Decree, which is subject to the review and approval of the court, requires the appointment of a federal monitor and requires the city, to provide $1.2 billion of additional capital funding to NYCHA over the next five years, and $200 million every year thereafter until the problems are fixed.

Renovate America, which funds energy efficient renovations for single-family homes, has funded more than $3 billion worth of projects.

The investment firm is shifting its strategy to focus on large apartment complexes upwards of 200 units.

The 362 apartments on Staten Island will remain affordable for 40 years.