The third quarter wrapped up at the end of September, and the reports for multifamily investments have been released and are once again, very promising. Multifamily set a new quarterly absorption record of 251,500 units and overall vacancy rate fell by 1.2 percentage points quarter-over-quarter. The recession resistant success of multifamily has not gone unnoticed, as more and more investors look to invest in such a strong industry. Quarterly acquisition reached $242B, an increase from last quarter with certain markets receiving more attention than others.
Here are the 10 Metros Leading Multifamily Investments Year-to-Date:
10. Austin, TX
Investment Values: $5.16B
Percent of Total US Investments: 2.9%
Year-Over-Year Change: 145.7%
9. Washington, D.C.
Investment Values: $5.52B
Percent of Total US Investments: 3.1%
Year-Over-Year Change: 55.9%
8. Denver, CO
Investment Values: $5.67B
Percent of Total US Investments: 3.2%
Year-Over-Year Change: 99.9%
7.Miami/SO. FL, FL
Investment Values: $6.29B
Percent of Total US Investments: 3.5%
Year-Over-Year Change: 223.8%
6. Houston, TX
Investment Values: $7.83B
Percent of Total US Investments: 4.1%
Year-Over-Year Change: 223.8%
5. New York Metro, NY
Investment Values: $9.70B
Percent of Total US Investments: 5.4%
Year-Over-Year Change: 53.6%
4. Los Angeles/SoCal, CA
Investment Values: $10.08B
Percent of Total US Investments: 5.6%
Year-Over-Year Change: 108.2%
3. Phoenix, AZ
Investment Values: $10.27B
Percent of Total US Investments: 5.8%
Year-Over-Year Change: 224.1%
2. Atlanta, GA
Investment Values: $10.84B
Percent of Total US Investments: 6.1%
Year-Over-Year Change: 170.6%
1.Dallas/Ft. Worth, TX
Investment Values: $15.99B
Percent of Total US Investments: 9.0%
Year-Over-Year Change: 136.2%
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About the Author
Ellie is the founder of Blue Lake Capital, a commercial real estate investment firm specialized in multifamily investing throughout the United States. At Blue Lake Capital, Ellie partners with both institutional and individual investors to grow their wealth by achieving double-digit returns by investing alongside her in exclusive multifamily deals they usually don't have access to.
A defining factor of Blue Lake Capital’s strategy is founded in utilizing machine learning/artificial intelligence throughout the course of all acquisitions and asset management. This advanced technology enables the company to produce accurate and data-driven forecasting for all assets on a market, property, and even tenant basis. In doing so, Blue Lake is able to lead commercial investments with the full capabilities of today’s technology.
Ellie is the host of REady2Scale , a podcast that highlights honest, insightful, and thought-provoking discussions on the multiple approaches for successful real estate investing.
She started her career as a commercial real estate lawyer, leading real estate transactions for one of Israel’s leading development companies. Later, as a property manager for Israel’s largest energy company, she oversaw properties worth over $100MM. Additionally, Ellie is an experienced entrepreneur who helped build and scale companies by improving their business operations.
Ellie holds a Masters in Law from Bar-Ilan University in Israel and an MBA from MIT Sloan School of Management.
You can read more about Blue Lake Capital and Ellie Perlman at www.bluelake-capital.com.