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🔋 Voltpost EV Charging for Apartments
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📈 Data Point
$425 Million CRE CLO Issuance Signals Multifamily Lending Confidence
Dwight Mortgage Trust has issued its first commercial real estate collateralized loan obligation (CRE CLO) totaling $425 million. The offering is backed by 25 multifamily loans across 13 states, mostly for new construction or lease-up properties. This shows investor demand for multifamily debt remains strong, even amid tighter credit markets.
🧭 Market Watch
Naples, FL
Excelsa Properties has acquired Meadow Brook Preserve, a 216-unit multifamily property in Naples, Florida, for an undisclosed amount. The firm plans to invest $7 million in improvements. This move points to continued growth and value-add opportunities in Southwest Florida’s rental market.
🧾 Rule of the Day
Breakeven Occupancy
Breakeven Occupancy is the occupancy rate a property must maintain to cover all operating expenses and debt service. It helps investors understand how vulnerable a property is to vacancy.
Formula: (Operating Expenses + Debt Service) ÷ Gross Potential Income
If a property has $600,000 in total costs and $800,000 in potential income, the breakeven occupancy is 75%. Below that, the property loses money.
🌱 Green Build
Voltpost EV Charging for Apartments
Voltpost is making it easier to add EV charging to multifamily buildings by retrofitting existing lampposts into Level 2 chargers. The solution is designed to avoid major infrastructure costs, making it accessible for older properties and dense urban communities. Know more.
🏘 Deal Radar
Clintonville, WI Built in 1982 and renovated in 2022, this property consists of 24 units. This is a low-traffic street in a residential area. | Pittston, PA This 6-bed 6-bath property is a fixer upper located in the heart of Pittston, PA. It is close to shops, dining, and major routes. | Bronx, NY This is a five-story mixed-use building located in the East Tremont neighborhood. It includes 47 residential units and two ground floor retail units. |
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