Letter to the Editor of Banker & Tradesman by Jason S. Weissman The communal, personal and economic effect of the coronavirus has infringed every fabric of our daily lives. This unwelcome disruption has generated a panic that we must quickly transcend. Staying healthy is paramount – both physically and mentally. We need to be mindful and act responsibly to […]
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Viewing posts from: Multi-Family
How should I approach value today? Property valuations of non-hospitality related asset classes are down approximately 5% – 10% with many investors requiring a ‘credit’ guarantee on all rents for new acquisitions. We are also starting to see a systemic shift in underwriting, with a drastically more conservative outlook on vacancy, future rent projections, and […]
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Macroeconomic and geopolitical uncertainty has had capital from around the globe flocking to the U.S. Treasury market for decades. Albeit one of the safest investments in the world, yields are at historic all-time lows, making it an arduous task to achieve attractive risk-adjusted yields from fixed income investments. In November, Bill Gross told the Financial Times that […]
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By Catherine Carlock – Real Estate Editor, Boston Business Journal | Jan 31, 2020 An affiliate Boston-based The Davis Cos. has acquired 77-81 Park Drive, a 55-unit apartment complex in Boston’s Fenway neighborhood, for a combined $28.5 million, or $518,000 per unit. The two-building complex includes 23 parking spaces. It’s immediately adjacent to the Back Bay Fens across […]
Read MoreBoston, MA Boston Realty Advisors (BRA) was engaged to market the sale of two multifamily assets situated in the Back Bay and Longwood Medical neighborhoods of the city. The institutional grade investment opportunity contains 109 market rate units throughout two buildings. Located one-mile from one another, 49 Worthington St. and 16 Westland Ave. have been owned and […]
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