RHJ Investor

RHJ Investor is the department of Rental Housing Journal that speaks specifically to the interests and needs of real estate investors and apartment owners. Whether you're part or a REIT (real estate investment trust) , independently own large apartment communities, are a small landlord with 1 or 2 rental homes or choose to fix and flip, RHJ Investor is a great source for information. This site features how-tos and best practices for buying and selling property, real estate taxes, choosing property management and maintenance vendors, 1031 excahnges & TICs, apartment financing, budgeting and much more.

RHJInvestor.com is sponsored by National REIA

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Wed
19
Sep
The Editors's picture

Security Properties Buys Spokane Affordable Housing Complex

Security Properties Buys Spokane Affordable Housing Complex

Security Properties and Pacific Life, in partnership with Hearthstone Housing Foundation, have purchased  Deer Run at Northpointe, a 222-unit affordable housing community in Spokane, Washington, according to a release.

"Deer Run at Northpointe is a high-quality asset located in a vibrant and rapidly growing submarket," Jeff Garrison, a Director at Security Properties, said in the release. "This is a unique opportunity to preserve quality affordable housing in a market where demand for this product type far outweighs available supply."

This marks the second joint-venture affordable housing acquisition by Security Properties and Pacific Life.

Deer Run at Northpointe is a 222-unit garden-style community constructed in two phases. Deer Run North, delivered in 2003, consists of 114 residential units located in eight three-story buildings. Deer Run West, completed in 2005, consists of 108 residential units in five three-story buildings.

Fri
03
Aug
John Triplett's picture

NAA Study: Barriers To Affordable Apartment Housing In Many Cities

NAA Study: Barriers To Affordable Apartment Housing In Many Cities

Barriers to affordable apartment housing  mean developers cannot get new units off the ground in many cities according to a new National Apartment Association study.

By John R. Triplett

Rental Housing Journal

The challenges developers face in trying to build affordable housing apartments is the focus of the study by the National Apartment Association (NAA), using four key cities as pilot projects.

While developers know the roadblocks they hit in trying to build affordable apartment housing, local city planning officials and city government officials are also aware of the problem, said Paula Munger, Director of Industry Research and Analysis for the NAA, in an interview.

The pilot cities study came from research showing a need for 4.6 million new apartments by 2030.

Tue
17
Jul
The Editors's picture

Multifamily Market Finishes First Half Of The Year With A Bang

Multifamily Market Finishes First Half Of The Year With A Bang

The multifamily market had a healthy first half of the year, setting an all-time high, and easing fears that new apartments coming on line would slow growth, according to new report.

Average rents rose $12 in June to an all-time high of $1,405, according to a survey of 127 markets by Yardi® Matrix.

 “The healthy showing might put to rest fears that rent deceleration from the peak 2015/2016 years will turn into a flattening or negative growth,” the report says, which is “a good sign that demand generally is holding up and that robust supply growth is not an impediment to rent growth in most markets.”

Mon
25
Jun
The Editors's picture

Portland Multifamily View At Midyear 2018 And Outlook

Portland multifamily

Here is a look the Portland multifamily activity half way through 2018 and the forecast going forward.

By Greg Frick

HFO Investment Real Estate

We anticipate a lack of on-market product even though significant capital remains available for investment.

With rent growth slowing, potential changes to landlord-tenant laws at the city and state level, and recent federal tax changes—many owners are taking a wait-and-see attitude.
 

Permits and housing not meeting demand

Permits have risen steadily from a low of 1,007 units permitted in 2009 to 10,319 in 2017. Despite this, experts say housing has not accelerated enough to meet anticipated demand.

Tue
22
May
John Triplett's picture

7 Drivers Affecting Multifamily Growth Going Forward

7 Drivers Affecting Multifamily Growth Going Forward

The drivers affecting multifamily growth in the next two to five years involve several issues that were discussed by leading experts from Yardi Matrix in a recent webinar.

The Yardi Matrix 2018 U.S. Multi-Family Market Update was presented by  Jack Kern, Director of Research and Jeff Adler, Vice-President of Yardi Matrix, who discussed what they see upcoming in the multifamily market in the next few years.

“The apartment markets are not in bad shape but localized. If you are an asset manager, what is your key issue going to be? Adler said. Some of his key takeways about multifamily growth from the webinar which can be downloaded here.

Tue
22
May
The Editors's picture

Seattle Investment Company Buys Phoenix Apartments For $59 Million

phoenix apartments purchased by Seattle company

A Seattle investment company has purchased a 254-unit Phoenix apartment community on the light rail line along Central Avenue for $59 million, according to a release.

Security Properties and funds managed by Oaktree Capital Management, L.P. purchased Pavilions on Central, to bring the company’s holdings to nine assets totaling over 3,700 units in the Phoenix marketplace.

 "Pavilions on Central was appealing to us because of the combination of the rare townhome-style product type and the location on a light rail.  As Midtown continues to develop, these long-term competitive advantages should create value for our investors," Davis Vaughn, Senior Director at Security Properties, said in the release.

Fri
11
May
The Editors's picture

San Valencia Creates Apartment Paradise Out Of Former Agricultural Land

San Valencia Creates Apartment Paradise Out Of Former Agricultural Land

 A literal oasis is rising out of the Southeast Valley as San Valencia opens to its first residents, welcoming them to high-end apartment living in Chandler, Arizona., one of the fastest-growing communities in the U.S, according to a release.

Located at 1450 E. Germann Road, San Valencia was previously agricultural land and sits right down the road from the Chandler Municipal Airport, just south of the Loop 202 Santan Freeway.

The community offers residents all the luxuries of five-star living: spacious one-, two- and three-bedroom floor plans with chef's kitchens, expansive living areas and bedrooms with walk-in closets, all within an impeccably landscaped and amenity-rich area.

Mon
02
Apr
The Editors's picture

Real Estate Syndication Investing – 10 Things To Know

Real Estate Syndication Investing – 10 Things To Know

If you are thinking of investing in a real estate syndication, especially for multifamily investing, here are 10 things to know from Kim Lisa Taylor, Esq., founding attorney of Syndication Attorneys, PLLC.

By Kim Lisa Taylor, Esq.

If you have a self-directed IRA or substantial investment funds, you no doubt have considered investing in real estate, especially multifamily.

However, you may lack the funds to invest on your own or the desire to deal with the hassles of property management. A viable option for you may be to invest in a real estate “syndication” (i.e., a group real estate investment, also known as a Private Placement Offering) as a passive investor. 

Tue
27
Feb
The Editors's picture

How To Build Wealth Through Apartment Investing

How To Build Wealth Through Apartment Investing

How to build wealth through apartment investing is the subject of this blog by veteran real estate investor and syndicator Vinney Chopra. He takes a look at apartment investing and the steps it provides to building wealth.

By Vinney Chopra

Apartment investing is an excellent way to build wealth because of the strong cash flow that is provided by owning multiple apartment rental units.

This type of investing builds wealth much faster than owning a single-family home because you have multiple tenants paying each month and a greater cash flow to use to grow your business.

And that is the key. How to grow your apartment investing business so that you build real wealth into your life.

I learned early in my investing career when my wife and I bought our first apartment building about 30 years ago and kept on purchasing lots of them over the years.

Tue
06
Feb
The Editors's picture

Company Buys Two Multifamily Properties In Salt Lake City

Kennedy Wilson  buys two multifamily properties  for $93 million in Salt Lake City as the city emerges as a compelling market for real estate investment

Kennedy Wilson has purchased two wholly owned multifamily properties off market in Salt Lake City, Utah for $93 million, according to a release.

"With its dynamic economic climate, well-run state government and highly educated workforce, Salt Lake City consistently emerges as a compelling market for real estate investment,"  Shem Streeter, Managing Director at Kennedy Wilson (KW), said in the release.

 

Creekview Apartments in Midvale, Utah (Photo: Business Wire)

 "We continue to see strong interest from millennials and many other groups of renters in easily accessible suburban locations based on relative affordability and proximity to both high paying employers and outdoor recreation," he said.

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