Year-end Review and Outlook Apartment supply jumped to a 36-year high in 2023, with 439,000 units completed. Most of these projects started several years ago when interest rates were near zero and occupancy and rent growth were close to all time highs. Builders and owners have to contend with a very different operating climate today. High supply means renters suddenly have far more options than they’ve had in recent years, putting downward pressure on rent growth. Notably, though, rent growth levels are no longer rapidly decelerating. Year-over-year rent growth peaked at 15.7% in March 2022 ..read more

December Multifamily Market Update Nationally, for the first time in 20 months, the pace of year-over-year rent change did not further decelerate between October and November. Rents did still fall by 0.52% month-over-month in November 2023, but that’s slightly less than the 0.57% decrease from November 2022. Consequently, the closely watched year-over-year rent change metric inched up from 0.08% to 0.16%. It’s still slow, probably not a major inflection point. Yet, for apartment owners and operators, it’s positive that rent change didn’t further decelerate. The overarching pattern per ..read more

Affordable Housing: A Catalyst for Community Revitalization Amidst the pressing challenges faced by communities across the United States, the dire need for affordable housing stands out as an urgent and pivotal issue. According to the National Low Income Housing Coalition, there is a shortage of 7 million affordable and available rental homes for extremely low-income households. This shortage can snowball into much larger, negative consequences, including homelessness, overcrowding, and substandard housing. Affordable housing multifamily complexes can help to address this shortage and re ..read more

Lone Star Living: Navigating Texas' Housing Shortage, Capital Markets, and Rising Interest Rates Welcome to “Lone Star Living: Navigating Texas’ Housing Shortage, Capital Markets, and Rising Interest Rates.” In this comprehensive blog, we will explore the ongoing challenges posed by the housing shortage in Texas, delve into the latest economic developments, and examine the impact of rising interest rates on home sales and investing in multifamily properties. As the Director of Capital Markets at MarketSpace Capital, I am delighted to provide you with in-depth information and valuable insigh ..read more

MarketSpace Capital Celebrates Sohail Hassan's 40 under 40 Achievement Houston, TX – MarketSpace Capital is thrilled to announce that our Managing Partner, Sohail Hassan, has been honored with the prestigious Houston Business Journal’s 40 under 40 award for the class of 2023. This remarkable achievement not only recognizes Sohail’s outstanding contributions to the private equity real estate development industry but also celebrates his influential role as the President of the South Asian Chamber of Commerce (SACC). The 40 under 40 award distinguishes young professionals who exemplify remark ..read more

The EB-5 Investment Timeline and Redeployment: A MarketSpace Capital Perspective In this blog post, we at MarketSpace Capital will guide you through the EB-5 investment timeline and redeployment process.    The EB-5 Investment Timeline The EB-5 visa is a significant investment visa that allows you to invest a minimum of $800,000 into the U.S. economy, resulting in job creation and economic growth while securing a Green Card for your entire family. However, the timeline for this process can be quite lengthy, typically ranging from five to seven years. This timeline includes obtaini ..read more

The EB-5 Reform and Integrity Act of 2022 The EB-5 Reform and Integrity Act of 2022 has been warmly welcomed by those looking to immigrate to the United States. This Act introduces modifications that favor applicants for EB-5 green cards. Here are some of the key changes brought about by the Act to the EB-5 program.   Enhanced Stability for EB-5 Visas The Act extends the authorization of EB-5 regional centers until 2027, replacing the previous annual reauthorization requirement. This five-year extension brings much-needed stability to the EB-5 program. The Act also ensures that applica ..read more

Identifying Suitable Enterprises for EB-5 Investments The EB-5 program stipulates that investments must be directed towards new commercial enterprises, which are business entities established after November 29, 1990, with the intention of conducting lawful commercial activities. A wide range of businesses from diverse industries can qualify, such as real estate development, hotel operations, assisted living facilities, manufacturing, research and development, retail, and services.   However, for a business to be a viable candidate for the EB-5 program, it needs to have the capacity to ..read more

Investing in Commercial Real Estate via the EB-5 Program: An Introduction The EB-5 visa program is a unique pathway that allows foreign investors to gain permanent residency in the United States. This program, established by the U.S. Congress in 1990, is designed to stimulate the U.S. economy through job creation and capital investment by foreign investors. In this blog post, we will delve into the details of investing in commercial real estate through the EB-5 program.   Understanding the EB-5 Program The EB-5 program requires an investor to make a substantial capital investment in a ..read more

MSC WEBINAR SERIES About Us MarketSpace Capital, LLC is a Houston, Texas-based private equity real estate development firm focused on ground up developments and value-add investments throughout the United States. Contact Us 281.766.9784 info@marketspace.capital Linkedin Facebook Twitter Youtube Find Us Headquarters 9100 Southwest Freeway, Suite 201 Houston, Texas 77074 © 2021 MarketSpace Capital. All Rights Reserved. BUILT BY CMKT The post 2020 Recap & 2021 Multifamily Trends appeared first on MarketSpace Capital ..read more