Max Freedman

Asking #rents on 2-bedroom #multifamily units in #Miami-Dade County continued to trend downward from historic highs achieved during 2021-2023, providing relief for renters seeking more affordable rents. The median asking rent on a 2-bedroom multifamily unit decreased to $3,000, down 10.4% from one year ago, based on 16,000 multifamily rental listings on the MIAMI MLS and Rental Beast, a tenant screening and listing platform. Asking rents continue to normalize to more affordable levels after surging in 2021-2022, hitting a peak of $4,000 in May 2022. Asking rents are up 43% from the pre-pandemic level of $2,100 in October 2019. The demand for multifamily housing is strong due to the area's strong #job growth and the #affordability of renting versus owning. In Miami-Dade, Martin County, the median asking rent on a 2-bedroom unit is cheaper than the expected #mortgage payment, insurance, and taxes (PITI) on a condominium unit by $600 and on a single-family home by $2,500. Rent growth will remain modest over the next 3 years with about 25,000 units under construction, according to Cushman & Wakefield. Get more info by scrolling our report below. Miami Association of Realtors MIAMI Commercial BROWARD-MIAMI, a Division of MIAMI REALTORS® JTHS-MIAMI, a Division of MIAMI REALTORS®

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Multifamily real estate's tough times may spell opportunity for bargain buyers! Check out the latest insights on GlobeSt.com. #MultifamilyRealEstate #Opportunity https://lnkd.in/gEkFUpkV

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𝗠𝗮𝗿𝗸𝗲𝘁 𝗨𝗽𝗱𝗮𝘁𝗲: 𝘈𝘳𝘦 𝘞𝘦 𝘪𝘯 𝘢 𝘉𝘶𝘺𝘦𝘳’𝘴 𝘔𝘢𝘳𝘬𝘦𝘵? Austin's real estate market is approaching a more balanced state, providing opportunities for both buyers and sellers. Properly priced homes are still going under contract and see the bulk of buyer activity. 𝗞𝗲𝘆 𝗧𝗶𝗽 𝗳𝗼𝗿 𝗕𝘂𝘆𝗲𝗿𝘀: Submit appropriate offers that reflect the market value. Lowball offers are generally unproductive. Want to learn more about prepping your home for sale or market values? Give us a call! Our team is ready to help. 📱: 512-537-9629 📧: [email protected] 🏡: www.bainresidential.com #RealEstate #AustinRealEstate #MarketUpdate #HomeBuying #HomeSelling #RealEstateTips #BalancedMarket #HouseHunting #PropertyInvesting #RealEstateAdvice #AustinPortfolioRealEstate #BainResidentialGroup

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🚨 New Listing | Store It All | Fort Worth, TX 🚨 💲 $4,320,000 💲 🏦 47,860 SF | 333 Units 🏦 🖥 Offering Website: https://lnkd.in/eXBRWdNU 🖥 🔹 Attractive Price – The $4,320,000 asking price equates to $90.26 psf and an In-Place 6.0% cap rate, both attractive metrics for an established storage investment with operational upside 🔹 Desirable Location - The property benefits from being located near the major intersection of Longhorn Road (9,563 AADT) and Main St (34,252 AADT) in a densely populated suburb of Fort Worth 🔹 Excellent Amenities - Amenities including a sliding gate and keycode access, professionally appointed management office with resident manager’s quarters, numerous video surveillance cameras, concrete drive aisles, and motion-activated lights throughout the property 🔹 Strong Investment Opportunity - The stable in-place revenue along with the financial upside makes Store It All a low-risk investment that still offers the purchaser a value-add opportunity.  🔹 Upside in Management - The financial performance of the Subject Property could be greatly enhanced through a better focus on revenue management as well as reducing operating expenses. 🔹 Strength of Demographics - The 5-mile population is an extremely dense 247,645 individuals which is forecast to continue growing by 8.2% over the next 4 years. #selfstorage #colliers #fortworth

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🔍 Looking for a high-cap rate investment with immediate cash flow growth and long-term stability? 🔍 Rooster Equity Partners is now raising capital for an off-market NNN acquisition in a strategic San Antonio location with exceptional fundamentals. 🏢💼 🔹 Immediate Upside: $24K rental increase at acquisition and 14.7% rental escalation over the first 2 years, bringing this deal to an over 9% cap rate post-rent bump! 🔹 Below-Market Price: Purchasing at $148 PSF, well below comps of $230-$235 PSF. 🔹 Discounted Cap Rate: Acquired at a 125 basis point discount vs. current market rates. 🔹 Minimal Downside Risk: 12+ years remaining on the lease, providing over $4M in rental income with a nationally recognized tenant. First-time investors can get in with just $50K—self-directed IRAs accepted. 📩 Want to see the investor deck? Comment or message me—allocations are limited, and this opportunity is generating a lot of interest! #SanAntonio #CRE #PassiveIncome #NNN #RealEstateInvesting

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5 crucial lessons from a couple revolutionizing real estate: David Garcia Jr. and Alanna D'Antonio Garcia reveal how they balance partnership in business and life. Their insights on role clarity and work-home boundaries are a must-read for entrepreneurial couples. https://lnkd.in/gBtxJPHQ

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The Chapter 11 bankruptcy of Conn’s Inc. could pack a stronger punch for commercial real estate than what initially meets the eye, leaving millions of square feet empty across Texas.The furniture, electronics and appliances retailer headquartered in The Woodlands plans to close all 174 Conn’s HomePlus Stores, as well as about 380 Badcock Home Furniture stores, after filing for bankruptcy in July. The brand also occupies close to 4M SF of industrial space.Including its office, industrial and retail stores, Conn’s has 83 locations in Texas.Conn’s business model relied heavily on people financing merchandise, meaning it suffered more from high interest rates than typical retail stores.Conn’s vacating these spaces won't necessarily lead to “doom and gloom. Texas has enjoyed stronger industrial demand than the rest of the country for several years. The state’s absorption as a percent of inventory through 2022 was 3.5%, compared to 0.1% nationally. This means Conn’s closure could give retail landlords the opportunity to lease to new tenants and raise rents, like Houston landlords saw in the wake of the 99 Cents Only Stores bankruptcy. But Conn’s has a bigger floor plate than most retail users are looking for. It may seem a bit concerning seeing so many of these announcements across the country. But overall, the market fundamentals are strong, especially for all the Texas markets, and all of the Sun Belt. #commercialrealestate #Commercialrealestateadviser #Industrialrealestate

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👀 ICYMI: Check out this insightful article from Real Estate News - a publication continuously providing objective, in-depth coverage of the latest in real estate. Stay tuned for more to come!

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The retail landscape is continuously changing, particularly in 2024, with evolving trends in dining and shopping. https://lnkd.in/d3uDXEjv #CRE #CBCWorldWide #cbcrgv

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Newly Released! Download Newmark’s 2Q24 U.S. Multifamily Capital Markets report: https://nmrk.re/4fAPOsK #Newmark #NewmarkResearch #Multifamily #CRE #CommercialRealEstate #RealEstateInvestment #InvestmentSales #RealEstateTrends

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Unlocking success in multifamily investing with Jacob Garza, Sr., and Arleen Garza (CAM, CAPS) of REEP Equity! 🏡💼 Discover how they're creating value and opportunities that redefine the game. 🚀 #realestateinvesting #realestate #realestateagent #realestateinvestor #realtor #realestatelife #property #investment #realtorlife #luxuryrealestate #investing #home #investmentproperty #realestatebroker #househunting #forsale #realestatetips

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What adds a hint of remarkability to the number is the fact that the percentage hike for purchasing multifamily projects in Houston was larger than both the median price adjustment for the entire state of Texas – a figure which actually dropped – as well as the increase for the whole USA: #multifamily #commercialrealestate #realestate

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