Forever thought of as the Perfect Mile – and written as such by Neal Bascomb in The Perfect Mile – the four-minute …
Ramifications from our post-COVID world continue to resonate throughout our daily lives with a reach that is both deep and wide. But …
Our first ever research note is from the Real Estate Economics journal Volume 46(4), pp. 745-782. These research notes are designed to be shorter synopses of a scholarly journal highlighting the academic literature and current research study pertaining the real estate field. Today's study looks at depreciation from a different perspective. It makes sense that most of us care deeply about depreciation and the tax-advantages that it gives. And, for most us still, as long as depreciation is generating those advantages, we typically do not try and examine it any further. However, the study's authors (Bokhari & Geltner, 2018) suggest that taking a different perspective would add some great insight into the property's performance, and, subsequently, your management strategy.
You have employed a property management team to manage the daily operations of your new investment - which is a great move. And, of course, as an asset manager you will work closely with them to carry out your business plan. The journey you take with your property manager from acquisition to disposition will be highly-dependent upon your ability to minimize the common threats to effectiveness that often plague apartment investments. And while experience is one of the best teachers to accomplish this, it does not have to be your own experience to learn from in order to navigate this relationship.
There is no doubt the current economic landscape has become increasingly difficult to ascertain. From still rebounding from the effects of a worldwide pandemic, to flushing out historic levels of stimulus, to now seeing an attempt at "rightsizing" with unprecedented interest rate hikes, volatility has become the name of the game with investing in all aspects of the economy. However, few elements get tossed about as does the 10-year Treasury value, though many of us have little idea of the role it plays in the economy and, evenmoreso, of its particular connection with multifamily real estate.
. . . At its most fundamental level, a property's Cap Rate is designed to predict its ability make profits and provide a return on investment. Understanding the factors that influence the Cap Rate's ability to do this is crucial, though . . .
Welcome to the MelCap Blog. Here you will find frequent posts, thoughts, and musings on topics salient to multifamily real estate, the investment domain, community development, and more. The intent of posts here in the entire Mel Cap Research & Education section is to contribute to the overall Meliorem Capital mission of making lives better, and to optimize one’s trajectory – either at home, at work, through investments, or other – using news, research, education, etc. to as another component to do so.
A Denver-based investment firm has expanded its portfolio in Tulsa by purchasing an apartment complex for $12.6 million. Meliorem Capital this month purchased The Averys from SB174, LLC, of Oklahoma City. The 6.79-acre property, built in the 1960s, encompasses Avery Square (72 units) and Avery Park (102) at 3377 E. Skelly Drive and 4111 E. 51st St., respectively. Meliorem Capital also purchased a Tulsa commercial property (Cornerstone Apartments) in late 2021, and it owns multi-family assets in Oklahoma City, as well.