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🌡️ Rising Climate Risks in Real Estate
📈 Data Point
$548.5M Refinance for Multifamily Portfolio
Barings has issued a $548.5 million loan to refinance a national multifamily portfolio developed by Thompson Thrift. This large-scale financing deal reflects continued lender confidence in stabilized multifamily assets with long-term growth potential.
🧭 Market Watch
Greenwich, CT Moves Toward More Multifamily Options
Greenwich Planning and Zoning has approved the redevelopment of a former nursing home into a multifamily housing site. This shift highlights how suburban cities are adjusting zoning to meet demand for diverse housing types.
🧾 Rule of the Day
Cap Rate (Capitalization Rate)
Cap rate is a key metric in multifamily real estate used to estimate the return on an investment property. It’s calculated by dividing the property’s net operating income (NOI) by its purchase price or current market value. A higher cap rate usually signals a higher return but may also involve more risk. Investors use it to compare different properties and markets.
🌱 Green Build
Rising Climate Risks in Real Estate
Climate change is reshaping real estate decisions, with more frequent and intense weather events like heat waves, heavy rainfall, droughts, hurricanes, and wildfires. These shifts affect property values, insurance costs, and investor confidence. Real estate owners now face direct financial impacts and operational challenges. Areas like Tampa are already seeing migration trends driven by climate-related risks. Know more.
🏘 Deal Radar
Kalispell, MT This is a brand new construction of 24 units, with a combination of 2 bed 2 bath and 1 bed 1 bath units. It is located near Glacier High School, and pickleball and basketball courts. | Los Angeles, CA Built in 1959, this property is located in Echo park in LA. This is a two-storey, 20-unit property, along with 20 on-site parking places, metered gas and electric, and an on-site laundry room. | Sioux Falls, SD This property consists of two buildings and 48 units, and is located in a desirable Northeast Sioux Falls suburb. It includes a mix of 1,2, and 3-bedroom units. |
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