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California  + Finance  | 
Dealmaking activity abounded at the NMHC Annual Meeting in Orlando

Trepp Reports Tepid Multifamily Issuance, Transaction Volume

Early Bird Alert: Connect Apartments is planned for September 28th in Los Angeles. Here’s where to get more information and register.

The U.S. multifamily market experienced tepid issuance and transaction volume in 2017 year-to-date, as peak levels of new supply slated for this year continue to be a concern. According to the latest research from Trepp, the markets with the highest number of units in the pipeline include top-tier and major markets, such as Los Angeles, New York, Dallas, Houston, Atlanta, Washington D.C., Seattle, Denver and Austin.

Developers are expected to bring 371,000 new units to market in 2017, a 30-year high, notes Marcus & Millichap. Despite new supply, experts believe occupancy levels will be able to keep pace and remain at healthy levels.

Still, cap rates are trending lower and that’s dampened deal volume, which indicates rising prices and investor uncertainty.

Private-label issuance for multifamily CMBS loans in Q2 2017 came in at $888.4 million, compared to $500.9 million for the first quarter. The issuance level for the first half of 2017 is still down 42.5%, compared to the first half of 2016.

For comments, questions or concerns, please contact Dennis Kaiser

Connect

Inside The Story

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About Dennis Kaiser

Dennis Kaiser is Vice President of Public Relations and Communications for Connect Creative. Dennis is a communications leader with more than 40 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect Creative’s agency client services and is involved in a range of initiatives ranging from public relations and content strategy, communications and message development, copywriting, media relations, social media and content marketing services. Prior to joining Connect Media in 2015, his most recent corporate communications roles involved leading a regional public relations effort across Southern California for CBRE, playing a key marketing role on JLL’s national retail team, and directing the global public relations effort at ValleyCrest (BrightView), the nation’s largest commercial landscape services company. He has worked on marketing communications assignments for such CRE companies as Blackstone/Equity Office, Carlyle, Caruso, Disney Resorts, GE Capital, Irvine Company, Hines, Howard Hughes Corp., Jeffries, Lennar, MGM, Marcus & Millichap, Prologis, Raleigh Studios, Simon, Starwood, Trammell Crow Company, Transamerica, UBS and Wynn Resorts. Dennis has also worked on communications and launch strategies for a number of consumer electronic, media and tech brands including SlingMedia, Channel Master, Deluxe Media Entertainment, BeIn Sports, EchoStar and Sprint. Dennis’s agency background included firms such as Off Madison Ave., Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, Boy Scouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and the Thunderbirds Charities.

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