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Increasing Rental Costs Means Bigger Profits for Buyers
Since the housing bubble burst, there have been some pretty significant changes in the home financing landscape. In today’s market, according to Marcus and Millichap Babb Group representatives, there are more renters than ever. Homeownership is down 63.5 percent, which is the lowest reading since 1967. Renting has skyrocketed; rental households have increased annually since […]
Increase Your Net Operating Income in 7 Easy Steps
When you’re looking for a way to increase net operating income (NOI) on your investment properties, there are several ways to go about it. According to representatives from the Marcus and Millichap Babb Group, the first step is buying right. Choosing properties in great locations is key, as you can update properties pretty easily. But […]
Is the 2016 Apartment Rental Market a Repeat of 2006?
Many buyers and sellers are wondering if 2016 going to be a repeat of the apartment rental market nightmare of 2006, but let’s take a closer look. In 2006, the market was simply a mess. Bank lenders were offering loans to people who never should have passed their credit checks, and what’s worse is that […]
Recent Closings
Tampa Bay MSA Five-Property Portfolio [br] Royal Portfolio [br] Pine Harbour Apartments — Part of LSR Florida Portfolio [br] Bay Point Villas
Featured Listings
Griffin Park Apartments [br] The Palms at Magnolia [br] Shoreview at Baldwin Park [br] Fox Hollow Apartments
Don’t Miss Out on These Local Hot Spots!
Tampa Bay is the host for a multitude of year-round events. They vary from professional and amateur sports to world-class concerts, shows, dance performances, theater productions and festivals. The city showcases the very best in arts and culture, live entertainment, holidays with parades and fireworks, fantastic music, delicious food of all types, film, fashion and […]
Eat, Play, Live: Two Mixed-Use Living Spaces Bring New Life to City Centers
Living in the Tampa Bay area hasn’t always been easy, but that’s changing now that developers have focused their efforts on a live-work-play combination for the Tampa Bay area with an “if you build it, they will come” attitude. Two projects in particular will bring folks into downtown. These new projects — ONE St. Petersburg and […]
Buying, Selling or Refinancing? Make Sense of the Market
If you’re thinking about buying a multifamily property — or already own one and don’t know whether to sell or refinance — now is the time to act. Between 2008 and 2010, a significant number of 10-year loans were originated. Those loans are now coming due, putting pressure on investors to make decisions in a complex market. […]
Live-Work-Play Space Drives Downtown Tampa’s Rental Market
Source: Heron Publishing Whether they’re millennials or retirees, renters are increasingly attracted to the work-live-play environment in downtown Tampa. The city’s many amenities and mixed-use spaces have driven the downtown rental market, creating attractive opportunities for multifamily investments. “People want walkable amenities,” says Michael Regan, first vice president investments and senior director of the firm’s National […]
What Does the Future of Self Storage Hold?
The Inside Self-Storage (ISS) World Expo in Las Vegas this year was a hit. The best and brightest in the self-storage industry were there, exchanging ideas and reflecting on the market. Michael Mele, senior vice president investments, was in attendance. He came back to share his thoughts on the conference — as well as on the […]