It’s another Tuesday after a holiday (they all lined up quite nicely this year so far) and we’re back at it for another week. While our leadership team and most of our onsite teams were working yesterday (no rest for the weary), we offered the day off to anyone who wanted to take it. On ..read more

I hope your week is off to a good start and happy Wednesday. Yes, it’s Wednesday, not Tuesday. Just keeping it interesting over here. I usually write my CEO blog on Monday to send out on Tuesday but unfortunately it wasn’t meant to be this week. I struggled with a migraine all day on Monday and just couldn’t see straight enough to get much writing done! Much better today, thankfully, and geared up for a busy week ahead. I’ve been thinking a lot recently about the importance of mental health when it comes to being successful in life. Whenever we ..read more

Hello and happy Tuesday! Despite the current events happening in the world, our focus remains on multifamily housing within the USA. This week, we can expect Core PPI, Core CPI, and Consumer Sentiment reports, which will keep us on our toes. In case you missed it, last week, the 10-year treasury hit another all-time high within the last 15 years. Ironically, that same level was an all-time low in 1998. Although I believe we haven’t seen the worst yet, it’s important to remember that when others are fearful, we should consider being “greedy”. Due to low demand for bonds compared ..read more

Hope you had a great weekend and welcome back to a new week! Last week I was up in Atlanta to review our Avenue33 and City Park deals. We walked units, discussed interior finishes, renovation progress, resident challenges, and the ever important maintenance to-do list. A critical success factor in any business is being able to prioritize a list that is much longer than you have time in the day. Being able to regularly review that priority list and make thoughtful decisions is something we focus on each day. I try to teach my team to write everything down (because ..read more

Welcome to another week and the beginning of the fourth quarter. It’s amazing how quickly we’ve gotten through 2023 so far. For those of us keeping an eye on the Fed, we’re pleased to hear there may be one more interest rate increase this year, with expectations of flat to lower rates in the future. This is good news for those who are concerned about valuations, as prices for debt-related assets have been declining. Real estate, as a safe but leveraged asset class, has been particularly affected by this trend. By and large, retail investors are still very scared. Institutional ..read more

Happy Tuesday and welcome back! I hope you had a great weekend. I’ve got a lot of economic/industry data to share but am going to defer that until next week. Today I wanted to share something that I think is relevant to today’s economic situation… I know many of you are invested in multiple deals across multiple sponsors and I’m sure you’ve heard, to one degree or another, how the current economic environment has affected various deals in our industry. Despite our best efforts, we have not been immune to the current challenges facing multifamily. As I’ve mentioned many times ..read more

I trust your week is off to a good start. The family and I returned from our Canada trip last Wednesday and it’s good to be home. They all got a nice vacation and I got a change of scenery while I was working. Sometimes a change of scenery can help clear the brain. I was initially worried about being productive but with three screens and a makeshift office setup, it worked out great. It was nice to have a couple weeks of that crisp fall air but I’m happy to be back in Florida. Last week I promised to ..read more

Welcome back! Hope you had a great Labor Day weekend! Feels like Monday, right? Short weeks like this are always interesting – trying to cram 5 days into 4. Last week we dodged Idalia on its way up the west coast of Florida as it strengthened into a strong Cat 3 hurricane. None of our ..read more

Welcome back to another week! I was doing some anecdotal research over the weekend and was surprised to see the continued strong pricing in the single-family market. It’s certainly moderated a little but nowhere near falling off a cliff. As many have noted – most folks are kind of “stuck” in their homes because they ..read more

Happy Tuesday! Mid August is here and with it is a massive heat wave. I couldn’t believe the other day when I looked at my weather app and it was 105 in Dallas! That’s crazy. My theory is that global warming is a Northerner conspiracy since everyone is moving to the Sun Belt and this will convince us all to move back. Jokes aside, my family and I are headed to Northern Ontario (Canada) in a few weeks to get a little respite from the heat. I’ll be packing two monitors and setting up my remote office at the in-laws ..read more