In this episode, David Bodamer shares insights from the WMRE’s 2022 report on the investment and development climate for single-family rentals. He dives into what the current markets are like, what’s driven the creation and success of the market and what the survey results say about the outlook for the next 12 months.
David discusses:
A brief history of the rise of SFRs as an institutional real estate investment subsector
The current state SFRs and how demand for by investors to own homes for rent properties affects the single-family housing market more broadly
How rising construction costs are factoring into build-to-rent projects
How some sentiments have shifted between the current survey and past results
After a record breaking fourth quarter in 2021, the momentum continued into the first quarter of 2022 with a 45 percent year-over-year increase in U.S. commercial real estate investment volume. What has influenced these numbers and what does the rest of the year look like?
In this episode, David Bodamer is joined by Darin Mellott, Senior Director of Capital Markets Research at CBRE, in sharing key highlights from recent market activity, touching on different types of buyers, comparing the end of 2021 to the beginning of 2022, and discussing future outlook. They also talk about interest rates, the impact of the value of the dollar on cross-border flow and other takeaways from the first quarter numbers.
Darin discusses:
The impact of increased interest rates on buyers and sellers
How the pandemic has influenced investment decisions
Activity levels among different kinds of buyers
What markets and property types were the most active
Darin Mellott is a Senior Director of Capital Markets Research at CBRE. In this capacity, Darin leads a global team of Capital Markets Research Analysts and works with other members of senior leadership to provide analysis and develop “house views” on global markets and economic conditions, with a focus on their impact on real estate.
Beyond this, Darin leads and contributes to research and strategy efforts across the globe on behalf of clients, and has authored numerous white papers for the firm. He also represents CBRE with the media and at public forums on a frequent basis. Prior to his current role, Darin was CBRE’s Director of Research for the Americas.
In this episode, David Bodamer is joined by Eric Birnbaum, founder and CEO of Dreamscape Companies, a real estate investment firm specializing in acquiring and repositioning multifamily and hospitality properties.
Eric shares his experience launching and building a new company during the pandemic, what kinds of deals they have pursued during the past two years and its plans for 2021. the firm.
Eric discusses:
Why Dreamscape focuses on multifamily and hospitality properties and why it prefers opportunistic/value-add plays in gateway markets
How launching a firm just prior to the onset of the pandemic affected its rollout
How he has built and maintained relationships with limited partners over the years to provide a consistent source of capital
What Dreamscape’s approach to debt is in terms of levering deals and increasing returns
What the firm’s long-term investment strategy is for the properties it repositions
It’s been almost one year since NREI announced a full rebrand to WMRE, a change that represented the status of the company within the WealthManagement.com portfolio.
In this episode, David Bodamer discusses the brand change from NREI to WMRE, revealing why they chose to rebrand and how it’s changed how they cover the commercial real estate industry. David shares how they managed the curveballs 2021 threw at them while undergoing changes themselves, and shares some insight about what’s to come in 2022.
David discusses:
The reasoning behind the rebrand from NREI to WMRE
