Apartments have been the darling of the real estate industry for almost a decade. Even this deep into a long, bullish run, investment dollars are still available to be placed into the sector. However, the tide has shifted, making it harder for less-savvy investors and developers to keep up their streak of profitability, or even to remain in the game. Those left—undoubtedly, those more seasoned—are dealing with the challenges of the day, including land sourcing, rising construction costs, and less aggressive financing from construction lenders.
Read more...Costs, Regs Challenge Profitability in Years Ahead | Multifamily Executive Magazine | Capital Markets, Finance, Construction Finance, Debt and Equity, Financing, value-add, Dodd–Frank
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