2015 Multifamily TRENDS

7/23/2019 2015 Multifamily TRENDS

1/51

Vrbsbltbm `y4M. Qbscby Nhhrb, II, NGI, OOIN , Ohhk, Nhhrb & Gsshoigtbs

Gssistbm `y4Orgia Mgvblphrt, NGI, _bgl NoMhlgcm, NGI, G``y NoNgstbrs& Nbagl Piojgrm witj Ohhk, Nhhrb & Gsshoigtbs Pbgc Bstgtb

Gpprgisbrs glm Mbglb @ryshl witj Cgttbr & @cun Pbgcthrs

Nuctegnicy ]rblms 0672


2/51

Qjgt Qicc @b Vrbsbltbm8

Egothrs geebotila Pbltgc Jhusila Mbnglm

]rblms il Pblts & Ugogloibs

Pboblt & Vblmila Ohlstruotihl he Gpgrtnblts

Qjgts Gjbgm

Pboblt _gcbs he Gpgrtnblt Ohnpcbxbs


3/51

Bohlhnio Egothrs

Dh`

arhwtj

mrivbs

phpucgtihl

arhwtj

glm,

uctingtbcy,

tjb

mbnglm

ehr

gpgrtnblts.

Qbvb

`bbl

bldhyila

g

pbrihm

bohlhnio

arhwtj,

tjhuaj

g

ahhm

`it

he

ogutihl

is

wgrrgltbmpgrtioucgrcy

rbcgtivb

th

tjb

arhwtj

il

tjb

suppcy

hegpgrtnbltulitschogccy.

Chrbl _ohtt il jis 0672-0675 Chuisiglg Bohlhnio Hutchhk prhdbotbmtjgt @gthl Phuab wicc gmm 9,966 lbw dh`s il 0672 glm gl gmmitihlgc9,166 dh`s il 0675, ehr g thtgc prhdbotihl he 79,566 lbw dh`s hvbr tjb 0-

ybgr pbrihm.

]jb @gthl Phuab Grbg Ojgn`br (@PGO) prhdbotbm tjgt @gthl Phuabwicc gmm 9 666 lbw h`s il 0672 glm gl gmmitihlgc : =66 lbw h`s il


4/51

Bxoitila Bohlhnio Egothrs

@iccihls he $ he ilmustrigc glm ohnnbroigc ohlstruotihl wicc phtbltigccy `bohnpcbtbm hvbr tjb lbxt 2 ybgrs il tjb @gthl Phuab grbg (pcus `iccihlsnhrb il Cgkb Ojgrcbs glm htjbr _hutj Chuisiglg ngrkbts).

]jis is prhmuoila g cgrab lun`br he ohlstruotihl-rbcgtbm (hetblilvhcvila tbnphrgry rbsimblts, ehr wjhn gpgrtnblts grb lbbmbmhrPUs hr nh`icb jhnbs) glm mbsial-rbcgtbm (blailbbrila, bto.) dh`s.

Gmm th tjis tjb sojbmucbm cgtb-0672 ohnpcbtihl he tjb I@N egoicity il tjb

O@M tjgt wicc `rila glhtjbr :66+ wbcc-pgyila dh`s (tjby stgrtbm jirila il067?), glm tjb @gthl Phuab grbg ohucm bxpbriblob strhla bohlhniotinbs.


5/51

Nhrb Bohlhnio Egothrs

Dglugry 0672 dh` ohults (nhst rboblt gvgicg`cb) ehr tjb @gthl Phuab nbtrhgrbg wbrb up 77,566 (?.6%) erhn Dglugry 067=.

Rlbnpchynblt il @gthl Phuab is 5.9% (up erhn 5.6% g ybgr gah), wjicb tjbulbnpchynblt rgtb ehr tjb _tgtb he Chuisiglg is 1.6%.

Hic priobs jgvb pcunnbtbm hvbr tjb pgst ybgr, gs jgvb tjb gsshoigtbm tgxrbvblubs th tjb _tgtb he Chuisiglgglm shnb prhdbots jgvb `bbl mbcgybm

G juab ($7.5 `iccihl) stgtb `umabt mbeioit chhns cgrab, gs tjb cgrabst bnpchybr il

tjb @gthl Phuab grbg is tjb stgtb ahvbrlnblt. _u`stgltigc spblmila (i.b., dh`)outs gt C_R glm il vgrihus stgtb gabloibs grb jiajcy prh`g`cb. ]jis ohucmshetbl lbt dh` arhwtj il tjb grbg.


6/51

Vhpucgtihl ]rblms

Oblsus @urbgu bstingtbs ilmiogtb tjgt tjb phpucgtihl he Bgst @gthlPhuab Vgrisj ilorbgsbm 7.7=% (2,6=9 pbhpcb) erhn 0676 th 067? (nhstrboblt bstingtb gvgicg`cb).

]jb phpucgtihl ilorbgsb ehr B@PV erhn 0666 th 0676 (Oblsus eiaurbs)wgs 01,?79 (5.5%).

]jb Gsoblsihl Vgrisj phpucgtihl ilorbgsbm 2.=% (1,799 pbhpcb) erhn0676 th 067?, wjicb Civilasthl Vgrisj arbw `y =.5% (5,67? pbhpcb).


7/51

Jisthriogc Gpgrtnblt Pbltgc ]rblms

Pbltgcs jgm jisthriogccy ilorbgsbm 7% th ?% gllugccy erhn 7992 th0662

Pbltgcs ilorbgsbm rhuajcy 76% erhn _prila 0662 th _prila 0665,

prbmhnilgltcy gttri`utg`cb th tjb Kgtrilg Beebot

Gvbrgab rblts ehr gcc ulits wbrb ecgt (6% ilorbgsb) il 0676 & 0677

Gvbrgab rblts ehr gcc ulits ilorbgsbm gl gvbrgab he 0.6% il 0670 &

067?


8/51

Gpgrtnblt Pbltgc & Ugogloy ]rblms

Pbltgcs ehr g ngtojbm sgnpcb he 770 chogc ohnpcbxbs ilorbgsbm 0%erhn Egcc 067? th Egcc 067=. ]jb lhrn jgs `bbl 7% th 0% ilorbgsbsgllugccy.

Ugogloibs ehr tjis 770-prhpbrty sgnpcb wbrb rbphrtbm gt 2.2% il Egcc067=, jhcmila stbgmy witj tjb % rbphrtbm il Egcc 067?

]jbsb stgts suaabst tjgt tjb chogc gpgrtnblt ngrkbt is strhla.


9/51

Pbltgc Rlits @uict 0665-067?*

]htgc0665-7?*

Ohlvbltihlgc ?,9=5

Rpsogcb _tumblt 7,07:

Ge ehrmg`cb Jhusila (CIJ]O) 7,10?

]htgc # he Rlits @uict Vhst-Kgtrilg 5,::1

Rlits pbr ybgr :57

* Bxocumbs 067= ulits (th `b misoussbm)


10/51

Rlits Rlmbrwgy/Vcgllbm il 0672-75

Rlmbrwgy Vcgllbm ]htgc

Ohlvbltihlgc 7,026 0,919 =,009

Rpsogcb _tumblt 1:5 55? 7,==9

Ge ehrmg`cb (CIJ]O)Jhusila

706 7:= ?6=

]htgc 0,725 ?,1=5 2,9:0


11/51

Ohnpcbxbs Ohnpcbtbm il 067=

Hlcy 7 ohnpcbx witj 26 ulits wgs ohnpcbtbm il 067=

Agrmbls he @gthl Phuab 26 geehrmg`cb (CIJ]O) ulits hlVcglk Phgm shutj he Jhhpbr Phgm

_ogttbrbm _itb ohnpcbxMbvbchpbr4 Agry Jilthl


12/51

Ohnpcbxbs Ohnpcbtbm il 0672

Rlits jgvb `bbl ohnpcbtbm il nuctipcb ohnpcbxbs il tjb eirst ebwnhltjs he 0672, ilocumila4

==6 hl ]jirm _trbbt

52 upsogcb ulits il tjb O@MOhlvbrsihl he tjb ehrnbr Ogpitgc Hlb heeiob `uicmilaMbvbchpbr4 Mikb Lbcshl


13/51

==6 hl ]jirm _trbbt il tjb O@M


14/51

==6 ]jirm _trbbt il tjb O@M


15/51

==6 ]jirm _trbbt il tjb O@M


16/51

==6 hl ]jirm


17/51


Rlits jgvb `bbl ohnpcbtbm il nuctipcbohnpcbxbs il tjb eirst ebw nhltjs he 0672,ilocumila4

]jb Mistriot

?70 upsogcb ulits gchla Vbrkils Phgm lbgr Vhccgrm

Mbvbchpbr4 Uiltgcg (_tbvb Kbccbr, Mgvim Qhjcstgmtbr)


18/51

]jb Mistriot


19/51

]jb Mistriot


20/51

]jb Mistriot


21/51

]jb Mistriot


22/51

]jb Mistriot


23/51


Rlits jgvb `bbl ohnpcbtbm il nuctipcbohnpcbxbs il tjb eirst ebw nhltjs he 0672,ilocumila4

]jb Bxojglab he @gthl Phuab

?6= upsogcb stumblt ulits gchla @ur`glk gt @bl Jur

Mbvbchpbr4 Egireibcm


24/51

]jb Bxojglab


25/51

]jb Bxojglab


26/51

]jb Bxojglab


27/51

]jb Bxojglab


28/51

]jb Bxojglab


29/51

]jb Bxojglab


30/51

]jb Bxojglab


31/51

]rblms il Lbw @P Ohlstruotihl

Ngly he tjb lbwbr ohnpcbxbs jgvb (hr wicc jgvb) ngil bltrywgy witjiltbrihr ohrrimhrs glm bcbvgthrs

Kitojbls hpbl th civila grbgs (cbss wgstbm spgob)

Bxtblsivb ohnnhl grbg gnblity pgokgabsCgrab Eitlbss ObltbrsCgrab ]blglt Chulabs glm Nbbtila Grbgs

]boj ebgturbsLbst (hr shnbtjila sinicgr)


32/51

Ohlvbltihlgc Ohnpcbx Ohlstruotihl

]jb Hlyx0: upsogcb ulits hl ]jirm _trbbt gt Ohlvbltihl _trbbt (O@M)Mbvbchpbr4 Ohnnbroigc Vrhpbrtibs Mbvbchpnblt Ohrphrgtihl

I@N ]hwbr

:2 upsogcb ulits hl Pivbr Phgm gt Ngil _trbbt (O@M)Mbvbchpbr4 Ohnnbroigc Vrhpbrtibs Mbvbchpnblt Ohrphrgtihl

Ohnnbrob @uicmila

9? upsogcb ulits hl ?rm _trbbt gt Cgurbc (O@M)Mbvbchpbr4 ]D Igrhooi


33/51


Hlb Ngritinb7: upsogcb ulits gt 767 Erglob _trbbt (O@M)Mbvbchpbr4 Mgrryc _nitj

@gyhllb gt _hutjsjhrb

0=6 upsogcb ulits hl _tglehrm Gvblub gorhss erhn C_R CgkbsMbvbchpbr4 Qgnphcm Ohnpglibs

]brrgobs gt Vbrkils Phwb

:: upsogcb ulits il @uicmila B gt Vbrkils PhwbMbvbchpbr4 _tircila Vrhpbrtibs


34/51


_tbrcila Rlivbrsity0?2 upsogcb stumblt-hribltbm ulits hl @ur`glk gt _. VgrkbrMbvbchpbr4 _tbrcila Rlivbrsity Jhusila/Milbrstbil

]jb _tglmgrm

0=1 upsogcb stumblt-hribltbm hl Gcgskg _t gt Qbst OjinbsMbvbchpbr4 Cglmngrk Vrhpbrtibs

]jb Gmmishl

7?9 upsogcb ulits il ]jb Arhvb (`bjilm Ngcc he Chuisiglg)Mbvbchpbr4 Mhngil Ohnpglibs


35/51

_u`ur`gl Ohnpcbx Ohlstruotihl

Gumu`hl Gpgrtnblts7:0 upsogcb ulits hl CG 5= il TgojgryMbvbchpbr4 Jbritgab Ohlstruotihl

Qilmshr Ohurt

706 geehrmg`cb ulits hee CG 1= il _t. Ag`ribcRsila OM@A eulms erhn Vgrisj ehr MbvbchpnbltMbvbchpbr4 I`brviccb Vgrtlbrs


36/51

Ngp he Ohlstruotihl


37/51

Vrhphsbm Ohnpcbxbs

Geehrmg`cb Ohnpcbxbs prhphsbm ehr 0672-75

Oyprbss _prilas Bcmbrcy7== geehrmg`cb ulits gchla Jhhpbr Phgm, bgst he Vcglk PhgmMbvbchpbr - OMI

Liojhcshl Vcgob=6 geehrmg`cb ulits gchla Liojhcshl Mrivb gt Qbst PhhsbvbctMbvbchpbr Oullilajgn/Ojblbvbrt


38/51

Vrhphsbm O@M Ohnpcbxbs

@bgurbagrm Wugrtbrs02 upsogcb ulits hl Lgphcbhl gtGnbriog _t (O@M)Mbvbchpbr4 _tbvb Mupcbojbil

Chets gt 5O7== upsogcb ulits hl 5tj _trbbt (O@M)Mbvbchpbr4 Jbgril

?=0 Cgegybttb75 upsogcb ulits gt ?=0 CgegybttbMbvbchpbr4 Mykb Lbcshl

G thtgc he 017 ulits ulmbrohlstruotihl

+ 7:9 ulits il Vcgllila_tgabs >

]htgc he =56 ulits thphtbltigccy `b `uict mhwlthwl


39/51

Vrhphsbm _tumblt-Hribltbm

Grcilathl ]hwljhnbs719 upsogcb stumblt-hribltbm ulits hl @bl Jur hee @ur`glkMbvbchpbr4 Ogpsthlb

Vgrk 1 Gpgrtnblts

:2 upsogcb stumblt-hribltbm ulits hl Bgst @hym gt Mhmshl PhgmMbvbchpbr4 Vgrk 1 Arhup

Qicmwhhm he @P

06= upsogcb stumblt-hribltbm ulits hl @ur`glk gt @bl JurMbvbchpbr4 Mhvbtgic


40/51

Vrhphsbm Ohnpcbxbs ehr 0675

Vgrk Phwb??= upsogcb ulits il VbrkilsPhwbMbvbchpbr4 Mgvim Gcbxglmbr witjUiltgab Pbgcty

]gpbstry Vgrk hl Dbeebrshl70= upsogcb ulits hl DbeebrshlJwy lbgr @hogab

Mbvbchpbr4 GrcilathlMbvbchpnblt

Ohcunls gt Chla Egrn015 upsogcb ulits hl GltihojPhgm Bxtblsihl hee Gircilb JwyMbvbchpbr4 BNI

Arbbls gt Niccbrviccb?06 upsogcb ulits gchla lhrtjsimb he I-70 wbst he NiccbrviccbMbvbchpbr4 Gcsgtihl


41/51

Vrhphsbm Ohnpcbxbs ehr 0675

Ivy Vgrk Vjgsb II56 upsogcb ulits gchla Dhlbs Orbbk PhgmMbvbchpbr4 ]D Igrhooi

Pivbr Jhusb

00= upsogcb ngrkbt-rgtb ulits hl Liojhcshl gt Ihwg _trbbtMbvbchpbr4 Ngrk @cun`bra


42/51

Vrhphsbm _u`ur`gl Ohnpcbxbs

Civilasthl (Rllgnbm)Gpgrtnblts010 ngrkbt-rgtb ulits gchlaVbtbs Jiajwgy (Mbljgn_prilas)

Mbvbchpbr4 ]bgn Mbvbchpnblt

Vgcns gt Du`gl Cgkbs7:6 ngrkbt-rgtb ulits hl @ummy

Bccis Phgm (Mbljgn _prilas)Mbvbchpbr4 ]hn Mbcgjgyb

Orbbksimb Orhssila75: ngrkbt-rgtb ulits hl QgckbrLhrtj (Qgckbr)Mbvbchpbr4 Mbglb @ryshl

Tgojgry Vgrksimb Vjgsb II=6 upsogcb ulits gchla CG 5=wbst he CG 95= (Tgojgry)Mbvbchpbr4 Ngbstri-Nurrbcc


43/51

Vrhphsbm _u`ur`gl Ohnpcbxbs

Rlivbrsity Ocu` Obltrb756 ngrkbt-rgtb ulits gchla CG?6 lbgr @gyhu Nglojgo (_t.Ag`ribc)Mbvbchpbr4 ]hn Niccbr

Nglojgo Cgkb010 ngrkbt-rgtb ulits hl GircilbJiajwgy (Vrgiribviccb)

Mbvbchpbr4 NoKgy/Lhcglm/Vbbk

_icvbr Hgks0:6 ngrkbt-rgtb ulits hl GircilbJiajwgy (Mupcbssis)Mbvbchpbr4 Ojris Ilargn

_uagr Nicc Vjgsb II:6 ngrkbt-rgtb ulits hee CG Jwy 7(Gmmis)Mbvbchpbr4


44/51

Vcgllbm Ohnpcbxbs


45/51

]rblms il Lbw Lgtihlgc Ohlstruotihl

Nhrb beeioiblt (sngccbr) ulitsBlbray beeioibloyCBBM Obrtieibm witj blbray sgvilas ehr tblglts_hcgr Vhwbr ehr ohnpcbxNhrb bxtblsivb ohnnhl grbg gnblity pgokgabs

_pcgsj VgmsOheebb @grsBcbotriogc jhhkups il Vgrkila Chts ehr guthnh`icbsOhltrhccg`cb ebgturbs (ciajts, tv, bto.) erhn sngrtpjhlbs

Vbt Eriblmcy (Mha) ulitsEirst echhr ulits w/Obrgnio ticb echhrsEblobm @gokygrms


46/51

Ngrkbt _unngry

]jb @gthl Phuab ngrkbt jgs g`shr`bm tjb 5,?66+ gpgrtnblts glm0,666+ ohlmhs ùict silob Kgtrilg jit (il Guaust 0662). Ubry ebw ulitswbrb ohnpcbtbm il 067= (26), ùt g wgvb he ohlstruotihl is ulmbrwgy.0,725+ ulits grb ulmbr ohlstruotihl ehr 0672 glm ?,1=5+ grbgllhulobm/pcgllbm ehr 0675 (tjhuaj shnb wicc phtbltigccy rbngil hl

jhcm hr wicc mib hl tjb vilb).

Ie gcnhst 5,666 ulits grb ùict hvbr g ?-ybgr spgl (067=-75), wb wiccjgvb nhrb tjgl twiob tjb ulits gmmbm th tjb ngrkbt tjgl tjb @P grbg

jgs jisthriogccy `bbl g`cb th g`shr` hvbr suoj g pbrihm. G acut ohucmrbsuct.


47/51

Ngrkbt _unngry

Ohltilubm dh` arhwtj is oritiogc th ohltilub phpucgtihl arhwtj. Ie gcc he tjb dh`sbxpbot mh lht ngtbrigcizb (hr ie dh` outs rbsuctila erhn tjb stgtbs `umabt orisismicutb tjb dh` arhwtj erhn tjb ilmustrigc sbothrs), wb ohucm sbb jiajbr vgogloibsglm/hr chwbr rbltgcs (witj nhrb ohlobssihls).

Mbocilila hic priobs grb g ngdhr wicmogrm il prhdbotila dh` arhwtj chogccy

Pblts jgvb ohltilubm th ilorbgsb glm vgogloy rgtbs grb sticc chw (ourrbltcy2.2%, wjioj is chwbr tjgl jisthriogc lhrns he 5% th 1%).

Pblts ngy ohltilub th risb il 0672, `ut bohlhnio rblts (lbt he ohlobssihls)ngy scimb. I bxpbot vgogloibs th `b nuoj jiajbr lbxt ybgr (glm tjb lbxt), gstjb ilohnila suppcy is argmugccy g`shr`bm.


48/51

Vrhpbrty _gcbs 0672

# he Rlits $/_E $/Rlit

Rlivbrsity Bmab

(526 Q NoKilcby)7=1 $759 $007,6::

MI`brviccb (Gmmis)

(Ojgm & Ojris Mrivbs)=: $?0 $?0,220

Vibm Vipbr

(=2=5 Gcvil Mgrk Gvb)?: $=5 $0?,292

Ohlohrm Ohlmhs

(?6?6 Ohlarbss _t)

2? $?5 $?=,171


49/51

Vrhpbrty _gcbs 067=


Vgcns gt NoOcbccglm

(2552 NoOcbccglm)12 $77 $76,551

Ognbcht

(7000 Din ]gychr)?= $=? $?6,22:

Nhlbt ]hwljhnbs

(76:= Nhlbt Mr)0: $?6 $?6,666

Ohultry Ocu` II

(=5?5 Gcvil Mgrk)?0 $?? $0?,=?:

Vilb Nglhr(15? Nhlbt Mr)

10 $07 $75,551


50/51

Vrhpbrty _gcbs 067=


Nglhr Jhusb

(900: Echrimg @cvm)=6 $09 $00,266

_tgmiuns Bmab

(0:12 Ihwg _t)06 $2: $?5,566

@risth c Vcgob

(2956 _ibabl)?70 $7?5 $700,295

_t. Dbgl

(75==7 Jgrrbccs Ebrry)50= $=9 $25,=76

Ogstcb`rhhk(=9== _. _jbrwhhm)

050 $15 $56,=95


51/51

]jglks th.

Orgia Mgvblphrt, _bgl NoMhlgcm, G``y NoNgstbrs, Nbagl Piojgrm,glm Gcbxis Ngrtil witj Ohhk, Nhhrb & Gsshoigtbs

Mbglb @ryshl & ]y Ahsb witj Cgttbr & @cun Pbgcthrs

Cgurg Qjitb witj Cgttbr & @cun Vrhpbrty Nglgabnblt

]jb C_R Pbgc Bstgtb Pbsbgroj Ilstitutb

2015 Multifamily TRENDS

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Transcript of 2015 Multifamily TRENDS