Happy Monday, Everyone. Each week we bring you the best of what we’re reading in industry news & market trend commentary, as well as selected material from the EquityMultiple Team.
Hospitality And Multifamily Are Merging
GlobeSt.– The two asset classes are merging to offer high-end living experiences. To continue to appeal to millennial tenants, owners are incorporating more amenities and services into traditional multifamily properties to drive occupancy and rent growth. Some of the hospitality services span from partnering with third-party vendors, re-inventing onsite amenities, and hosting events and activities. This emerging trend is helping multifamily operators achieve lower turnover, and higher occupancy rates and asking rents than traditional apartments.
How To Make Money In Real Estate
Crains– Even in the highly competitive New York market, real estate investors can still find opportunities for yield. This article highlights the benefits of investing in Opportunity Zones, looking at the long term growth potential of qualifying census tracts and the potential of mixed-income housing to generate attractive post-tax returns.
Opportunity Zones Are Big Business For Lawyers
TheRealDeal–“Pop up” working groups of tax, real estate, and private fund lawyers are on the rise in an effort to answer Opportunity Zone questions from developers and investors. Lawyers are reporting increased interest in Opportunity Zones since the second round of regulations were released in mid April. The updated set of rules has investors and developers finally ready to deploy capital into Qualified Opportunity Zones.