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š $309M Southeast Apartment Deal Highlights Regional Momentum
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š Data Point
$309M Southeast Apartment Deal Highlights Regional Momentum
Slate Asset Management has agreed to acquire a $309 million multifamily portfolio spread across the Southeastern U.S. The deal covers more than 1,500 units and signals investor confidence in high-growth Sun Belt markets. According to Green Street, the assets are primarily in secondary metros with strong rent growth, stable employment, and favorable migration trends. Read more.
š§ Market Watch
Warren, MI Adds 394 Units with Warren Manor Expansion
Warren Manor Apartments in Warren, Michigan, is undergoing a major redevelopment that will add 394 new units to the site. The city is attracting new development due to its access to Detroit, affordable land, and rising demand for workforce housing. The project will blend newly constructed buildings with renovated units, aiming to meet regional demand for quality rentals.
š§¾ Rule of the Day
Reversion Value
Reversion Value refers to the estimated resale value of a property at the end of the investment holding period. It plays a key role in discounted cash flow analysis and overall return calculations.
Formula: Reversion Value = Net Operating Income (NOI) at Exit Ć· Exit Cap Rate
Investors use this to estimate future gains and evaluate whether the projected sale aligns with their return expectations.
š± Green Build
CEQA Reforms Pave the Way for Urban Infill Development
Californiaās overhaul of the California Environmental Quality Act (CEQA) is removing red tape for infill multifamily projects in cities. By reducing the review burden for projects near transit, the changes are expected to speed up housing approvals, cut costs, and support climate-resilient urban growth. This move is being closely watched by investors and developers seeking faster timelines and sustainable returns. Know more.
š Deal Radar
Leander, TX Built in 2020, this 259-unit is located in one of the fastest growing cities of Texas. It is also located close to CapMetroās Red Line for easy access to dining and entertainment options. | Akron, OH This 60-unit multifamily property is located around two miles from the University of Akron and Downtown. It offers a mix of studios, 1,2,3, and 4-bedroom units. | New Britain, CT This property consists of nine units spread across two buildings and three stories. Built in 1900, all nine units are 3-bedroom and 1-bath units with a large living room. |
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