Multifamily development is the ground-up construction of apartment buildings, from small five-to-twenty-unit projects to large institutional complexes.
Log in to followMy first rental, a small duplex, has tenants moving in at the start of next month. I spent four months learning screening and lease language and I thought that would be the whole…
I've run framing and concrete crews on apartment jobs for years, so schedule and hard costs I'm comfortable with. What I don't understand is the money side. I can tell you what a…
I've been building a list of small sites, 8 to 20 units, and I've got one under a feasibility period now. Before I go further I want to check that I understand the shape of this.…
I'm looking at a 180 unit garden style deal, roughly 42 million total cost, 68 percent LTC construction debt, 24 month build plus 12 to stabilize. Trended rents are the whole ball…
Site is entitled for 62 units, seller has held it three years and is done. They want it listed and they want a broker who understands development, which I am learning to be rather…
Low price point markets are what I know, and the thing I can't settle is whether ground-up multifamily makes any sense out here or whether the fixed costs just eat you. The case a…
This is a loss with no closing statement, which is maybe why nobody writes it up. Early last year I had a small ground-up under contract. 9 units, 3 stories, wood frame, in an inn…
I'm on my third value-add project and every developer I talk to came out of one of two places. Either they built things for a living and moved up into owning them, or they came fr…