http://www.rejournals.com/2010/08/01/multi-family-market-remains-top-performer-in-midwest/

Ed Padilla didn’t hesitate to say the strongest commercial market today continues to be multifamily!

Read more here:

http://multifamilyexecutive.com/land-acquisition/a-dirty-shame.aspx?rssLink=A+Dirty+Shame

Read more here:

http://nreionline.com/news/apartments_stage_comeback_0623/

According to the latest survey of 169 markets across the U.S. by researcher Reis, the national apartment vacancy rate peaked at a record 8% in the fourth quarter of 2009 and remained unchanged in the first quarter of 2010. Asking rents increased by a scant 0.1% in the first quarter, but that was the first gain since the third quarter of 2008.

The New York research firm reported that the sector’s asking and effective rents both rose in the first quarter after dropping in the six preceding quarters, while its national vacancy rate held flat at 8% after increasing in the previous eight quarters.

Also, 20,424 multifamily units were absorbed in the first quarter, up 31% from the preceding quarter, and compares to a dismal full-year 2009 when the negative absorption, or the number of units that were made available exceeded new leasing activity by 6,296 units.

Read more here: http://www.loopnet.com/xnet/mainsite/news/news.aspx?DocID=13896&sourcecode=1lntd009

http://nreionline.com/property/multifamily/real_estate_better_times_ahead/index.html

Although they talked about the problems around the country with the apartment markets they also talk about the future upside:

“Demographic trends are favorable for the apartment market over the next decade and beyond. In fact, the percentage of U.S. households that rent has increased to one-third of all households, as the homeownership rate continues to drop from its peak of 69% in 2004.”

Speaking for Iowa and the Midwest in general we don’t see the major ups/downs in the real estate markets of the east and west coasts. We have seen a pull back in CAP rates and financing which in turns puts down pressure on values but experienced investors are finding great deals during these times!

2010 has started as a very busy year and we have placed a number of multi-family properties under contract with a number of new listings coming soon!

If you have any comments or ideas please post below.

The link to the article is here: http://multifamilyexecutive.com/multifamily-trends/five-multifamily-stories-to-watch-in-2010.aspx

Property Values continue to drop and financing is at best tough but there are some amazing deals out there compared to a short 12-24 months ago.

Construction starts continue to remain low which could signal a unit shortage in the future.

Bottom Line is the bottom is near and these prices and bargains won’t be around forever!

Any questions or comments please let us know.

FOR IMMEDIATE RELEASE

SAN FRANCISCO, CA — The Real Estate Guys^(TM) radio show announced that renowned real estate experts Ken McElroy and Wayne Palmer will present their views on current opportunities arising from the real estate crisis during The Real Estate Guys 8^th Annual Investor Summit.  The unique event kicks off in New Orleans on April 9^th and continues for seven days during a cruise of the Western Caribbean.

“The real estate market is in a shambles right now,” notes radio show host and summit emcee Robert Helms.  “Recovery isn’t going to happen until buyers return to the market in large numbers.  But most potential buyers are either scared or unqualified under today’s stricter lending guidelines.”

Helms says investors have a major role to play in recovery.  “Banks don’t want to be landlords,” he notes.  He contends that investors are the ideal candidates to step in and buy excess properties.  This helps stem the flood of inventory being dumped on the market, stabilizes prices, and provides a much needed pool of landlords and private capital to manage and improve vacant and dilapidated properties.

Show co-host Russell Gray, adds, “The market needs more investors right now. When the number of owner occupants goes down, it’s obvious we need more landlords. Otherwise, the properties languish with the banks and continue to drag on the economy.”

The two men founded the Investor Summit eight years ago at the beginning of the real estate boom.

“Filling up the ship back then was easy,” states Helms.  “Everyone wanted to be a real estate investor.”  But since the bust, he says many people have fled real estate as an investment vehicle – never to return.

“It’s sad,” says Gray.  “Ironically, now is arguably the best time to be a buyer.  Interest rates are low, prices are reasonable compared to rents, and there’s a big selection; plus there’s not much competition because so many people have left the business.”

For this year’s Summit,The Real Estate Guys have recruited McElroy and Palmer – two of the most respected names in mainstream real estate investing.  Both men are long term industry veterans with proven track records. Each has gained substantial notoriety through their roles as advisors to investor and author of record setting best seller Rich Dad Poor Dad, Robert Kiyosaki.

“We are thrilled to have such experienced and successful investors as our keynote speakers,” says Helms.  “Both of these guys have been through tough markets before.  They know tough times often present the best opportunities.”  Palmer will be teaching many his strategies in workshops at the Summit.

Mr. McElroy began as a residential property manager and today is a principal with MC Companies in Scottsdale, Arizona.  The firm syndicates, builds and manages income properties in three states. They are actively acquiring additional units during the downturn.

“Last year was our best year ever,” according to McElroy, “and 2010 is looking even better.  This is the one of the best markets I’ve ever seen for acquiring income properties.”

Mr. Palmer is a principal of National Note of Utah and began his real estate career in 1976. He has extensive experience in sales, development and is widely regarded as one of the brightest minds in creative real estate financing.

“They say necessity is the mother of invention,” comments Palmer. “Back in the early 80′s when interest rates were sky high, you had to be creative or you didn’t survive. Even though today’s rates are low, financing is still hard to get – so creativity has once again become a necessity.”

Also joining the Summit faculty is attorney Garrett Sutton, who specializes in asset protection and syndication strategies for real estate investors. He is a best selling author in his own right and along with McElroy and Palmer is a “Rich Dad Advisor” to Robert Kiyosaki. All three are contributing authors to one of Kiyosaki’s latest releases, The REAL Book of Real Estate.

“In spite of the current short term uncertainty, most people expect real estate to be worth more in 20 years,” observes Gray. “The big question is when, where and how to take advantage. That’s where experience is invaluable.  These guys have that experience.”

“People are scared right now and rightfully so,” says Helms. “The job market still stinks. The deficits are huge. There are foreclosures and bank failures in record numbers. However, history tells us that huge fortunes are made coming out of every recession – sometimes from blind luck, but more often because of education, knowledge, sound strategy and bold action. For the national economy to get healthy, each individual family needs to prosper and regain confidence. We think the Summit is a great forum for individual investors to learn and share ideas to advance that process.”

AboutThe Real Estate Guys Radio Show:

The Real Estate Guys has been broadcasting continuously on conventional radio in the San Francisco Bay Area since 1998.  Today, the show is also heard all over the world as one of the most downloaded real estate talk show on iTunes. For more information, visit www.realestateguysradio.com.

Contact:

Matthew Pearce, Executive Producer
The Real Estate Guys Radio Show
1-888-489-7723
info@realestateguysradio.com
http://www.realestateguysradio.com

I’m over-simplifying but if there’s no investors to buy the loans, banks will be less likely to make the loans, as investors come back to buying mortgages, banks will make more loans and more property sales will take place! CMBS is good for the future of commercial real estate!

Read the full article here: Investors Showing an Appetite for Bonds Backed Even by the Weakest Real Estate Sector and No Government Support

If you have any comments or question please let us know.

http://MulitiFamilyAssociates.com

With Minneapolis Mayor R.T. Ryback and city council members on hand, Village Green Cos. CEO and chairman Jonathan Holtzman joined other members of a development team to break ground late last month on Mill District City Apartments, a 175-unit, mixed-use, market-rate rental community targeted for completion and lease up in early 2011. The $33 million dollar project will follow the National Association of Home Builders (NAHB) National Green Building Standard, will feature a 3,500 square foot specialty market anchoring ground-floor retail , and is within walking distance of downtown cultural amenities.

Read the complete article here:

http://multifamilyexecutive.com/development/multifamily-developers-resume-construction.aspx

Click here to download the latest flyer and package information.

Contact us for more information or to setup a showing