Central | 2020 | Proyecto #perspectiva #vista #arquitectura #diseño #oficinas #hotel #multifamiliar #aleros #office #design #view #architecture #multihousing #glass #metal #lasmercedes #avila #caracas #venezuela #arquitecto #enriquefeldman

🚨 AvalonBay Communities and Equity Residential Announce $69B Merger of Equals 🚨 Huge news shaking up the multihousing sector today as $AVB AvalonBay Communities and $EQR Equity Residential have officially announced a definitive agreement to combine in an all-stock merger of equals. 📊 The Combined Powerhouse by the Numbers * $52 Billion pro forma equity market capitalization * $69 Billion total enterprise value * 180,000 rental apartments across premier U.S. metro markets * $4.4 Billion currently under construction (approx. 10,800 apartments) * $175 Million in gross synergies ($125 million net after real estate tax reassessments) * 51.2% / 48.8% ownership split, with AVB shareholders receiving 2.793 shares of EQR stock per AVB share 🎯 Key Strategic Takeaways * The new entity aims to leverage combined investments in AI, automation, and centralized services to drive margin expansion and enhance the resident experience. * Expanding regional density further unlocks hyper-local, neighborhood-based operations, reducing the cost-to-serve while increasing Net Operating Income (NOI). * Boasting dual A3/A- credit ratings, the combined company secures a formidable cost-of-capital advantage and a combined $2 billion in annual cash flow for self-funded growth. * With a massive $4.2 billion development rights pipeline, the entity is positioned to be a leading creator of new market-rate and affordable housing supply. * Exceptional scale allows for highly disciplined, data-driven capital allocation across development, acquisitions, and strategic investments to capture the highest risk-adjusted returns. 💰 Dividend & Investor Impact * The combined company expects to deliver an initial annualized dividend of $2.81 per share. * This initial dividend is equivalent to EQR’s existing dividend per share, representing a yield increase over AvalonBay’s current payout level. * Both REITs intend to maintain their regular, independent quarterly dividend payments through the completion of the transaction. 👥 Leadership & Governance * Benjamin Schall (President & CEO of AvalonBay) will serve as President, CEO, and Trustee of the combined company. * Steve Sterrett (current Lead Independent Trustee of Equity Residential and former long-time CFO of Simon Property Group) will serve as Chairman of the Board. * Mark J. Parrell (CEO of Equity Residential) will retire at transaction close after an incredible 27-year legacy with EQR. * The Board of Trustees will initially consist of an even split—7 existing trustees from EQR and 7 existing directors from AVB. * The entity will maintain a meaningful presence in both Arlington, VA and Chicago, IL, operating under a entirely new name to be announced at closing (expected H2 2026). investors.avalonbay.com/news…

I had an insightful meeting with the Arizona Multihousing Association. We discussed how we can work together to expand rental options in #AZ06, welcome new members into our community, and ensure those seeking new rental properties have access to quality housing.

2025 European Key Markets: #Housing Stock Institutional rental stock forms just 3% of housing in the largest investment markets. #Europe’s largest multihousing investment markets collectively hold ~235.5 million #dwellings in 2025, of which only a small share, around 3%, is institutionally owned rental stock. 16 largest European multihousing investment markets by transactional volume (2021–25): AT, BE, CZ, DK, FI, FR, DE, IE, IT, NL, NO, PL, ES, SE, CH, UK

This was the plan. Gavin Newsom was giddy. He said he would CUT redtape to construction, but only for megabuilders building WEF approved multihousing. (No in so many words, but this is the net effect)

Except we don't live on a tiny little island. How many people have had a ceiling leak because the neighbor upstairs didn't turn their tub off. How many have lost heat because the boiler powering the building went down in the middle of the night, how many people complain about their neighbor smoking weed that permeates through the shared bathroom vent stack, how many people complain about domestic issues next door, how many people put "no permissions to enter" and have to take time off work because they have a stupid light bulb out. How many of you have had your car broken into or packages stolen because someone broke into the building, how many of you are tired of your old carpet but you aren't getting new carpet unless you move.... Ya I'll take my own house over a small apartment any day. Fuck your multihousing

bullshit! I do multihousing pest management and rich white folks are the worst just fucking disgusting!🤮

Before he throws his hat in let's discuss the recent deregulation of the building codes, environmental impact studies regulations he has lessened. IMO, it's for the Alta Dena/Eaton fire areas to build multihousing, higher density in these areas. They won't be affordable housing.

Multihousing tax is based on how many houses a person or business owns, if its a business it should be no more than 20 landed residental or 4 apartments. If its a person it should be no more than 2.

MC Rocked Around the Clock for a Cause! Our amazing MC employees stepped up big time for the Rock Around the Clock Fundraising Challenge, which is in support of the Arizona Multihousing Charitable Foundation (AMCF)!

Q1 2025 US Multihousing Transaction Recap ($25M ) Through Q1 2025, there has been $22.304 Billion in multihousing sales activity ($25M ) across the US.   Breaking it down*: - Total volume: $22,304 Billion (up 55% YOY compared to Q1 ‘24) - Total # of properties: 387 - Total # of units: 97,866 - Avg. Transaction: $57.63 Million - Avg. Price Per Unit: $249,459 - Avg. Cap Rate: 5.40% Interesting Q1 ‘25 stats: - Garden product sales represented 51% of volume while mid/high-rise product represented 49% - The top 10 MSAs represented 50% of the transaction volume - Cross-Border capital only represented 3.9% of the transaction volume - Institutions notched 27.1% of the transaction volume. - Private Capital came in at 59% of transaction volume - REITs represent 6.2% of transaction volume #multihousing #CRE #capitalmarkets #retwit

From my friend ChatGPT In commercial real estate brokerage, especially in a high-performance niche like multihousing investment sales, deep work refers to focused, uninterrupted efforts on cognitively demanding tasks that drive long-term value. These are activities that compound over time, improve your expertise, and are hard to replicate or outsource. Here’s what qualifies as deep work in CRE brokerage: ⸻ 1. Strategic Prospecting and Client Research •Building and refining highly targeted prospect lists based on ownership data, portfolio activity, capital market trends, etc. •Researching each owner’s strategy, recent deals, and capital structure to tailor outreach. •Mapping capital relationships—knowing who buys what, with whom, and where they want to grow. ⸻ 2. Custom Valuation and Underwriting •Creating institutional-grade BOVs and OM-grade valuation models. •Running detailed scenario analysis, exit strategies, and cap stack structuring. •Identifying overlooked value-add or development opportunities through data synthesis. ⸻ 3. Deal Strategy and Positioning •Designing the go-to-market strategy: timing, pricing, story, and buyer targeting. •Anticipating and mitigating deal risks before launch. •Crafting bespoke pitch decks for off-market or institutional buyers. ⸻ 4. Negotiation Preparation •Prepping for LOI and PSA rounds with deep understanding of leverage points. •Studying buyer’s track records, capital structures, and approval processes. •Modeling deal terms impacts (pricing vs. terms tradeoffs) and having quantified counters ready. ⸻ 5. Relationship Building That Moves the Needle •Hosting 1-on-1 strategy calls with key owners, operators, or capital sources. •Delivering unsolicited, highly tailored insights (e.g., “here’s how your portfolio could refi or reposition”). •Developing content or thought leadership that positions you as a trusted advisor. ⸻ 6. Market Intelligence Development •Analyzing submarket fundamentals, rent trends, supply pipelines, absorption, and capital inflows. •Creating quarterly reports or private memos that institutional clients find valuable. •Forecasting asset repricing and matching capital to opportunities. ⸻ Not Deep Work: •Email triage •Generic BOVs with recycled comps •CRM updates •Surface-level property research •Mass-blasted marketing emails ⸻ If you block off 2–3 hours a day for just this type of work—no phone, no Slack, no meetings—you’ll start building market share, mindshare, and margin. Let me know if you’d like a sample weekly structure prioritizing deep work for a top-producing CRE broker.

The Top 25 Developers during 2024 accounted for 23% of total apartment starts... According to the National Multifamily Housing Council, the Top 25 Developers of multihousing were responsible for putting shovels in the ground for 23% of the total apartment starts across the United States (355,000 units) during 2024. Once again, Greystar is on top with 8,247 starts (10% of the top 25 developer starts)! Here are the Top 10 Developers of multihousing and the number of starts: 1. Greystar - 8,247 2. Dominium - 5,763 3. Wood Partners - 5,480 4. Hillpointe - 4,720 5. D.R. Horton - 4,590 6. Mill Creek Residential Trust LLC - 4,312 7. The Garrett Companies - 4,161 8. Alliance Residential Company - 3,839 9. Continental Properties - 3,517 10. Northwood Ravin - 3,468 #cre #capitalmarkets #retwit

There are 23 Million apartments in the United States. The top 50 owners represent 11% of the ownership... According to the National Multifamily Housing Council, the Top 50 Owners of multihousing real estate own 2.5 Million apartment units, roughly 11% of the total stock across the United States. The top 10 own approximately 881,300 units (4% of stock). Here are the Top 10 multihousing owners and the number of units owned: 1. Greystar - 122,545 2. MAA - 102,348 3. Morgan Properties - 96,727 4. Nuveen, a TIAA company - 86,586 5. Equity Residential - 84,249 6. AvalonBay Communities - 84,058 7. Related Companies - 83,839 8. Monarch Investment and Management Group - 75,871 9. Cortland- 73,479 10. Edward Rose & Sons - 71,591 #cre #capitalmarkets #retwit The full 2025 rankings in comments

Worked in multihousing property mgmt in Raleigh for 10 yrs, until mid '22. We were bought out by investment firm in SOCAL in late '18 or '19 (I will confirm exact dates) under shell LLC (of course). Late '21, mgmt co bought by Asset Living (Dallas). There's SO much more to this. O.M.G. I lost my job Aug '22 bc I asked questions. I was the one person left on my team who truly gave a F about my residents, so I was no longer an asset but a threat.

56 meetings on my calendar over 3 days at NMHC in Vegas this week! Look forward to seeing everyone with planned meetings and hope to bump into many other friends in the multihousing industry! I’m hosting a happy hour on Monday from 5-6p EST at the Aria for the social media crew. If you’re around, DM me your email and cell to join the list. I’ll be walking around with my new wireless mic and video cam… don’t be video shy if I ask you for a quick interview 😉 for an NMHC recap later this week! Let’s go! @ApartmentWire #cre #capitalmarkets #nmhc #retwit

2024 Year-End US Multihousing Transaction Recap During 2024, there was $142,507 Billion in total multihousing sales activity across the United States. Breaking it down*: - Total volume: $142,506 Billion (up 20% YOY) - Total Individual Property Volume: $107,520 Billion (up 10% YOY) - Total Portfolio Volume: $34,987 Billion (up 64% YOY) - Total # of properties: 5,918 - Total # of units: 674,611 - Avg. Price Per Unit: $209,809 - Avg. Cap Rate: 5.6% Interesting YTD ‘24 stats: - Increasing transaction size to $25 , there was $110,704 Billion in total volume sold ($81.1B individual trades, $29.6B portfolio trades) - Garden product sales represented 56% of volume while mid/high-rise product represented 44% of total trades - The top 10 MSAs represented roughly 48% of transaction volume - Cross-Border capital only represented 5.2% of the transaction volume - Institutions came in at 30.2% of the transaction volume. - Private Capital came in at 58.3% of transaction volume - REITs represent 3.8% of transaction volume Top 10 Metros (Billions): - NYC - $9,625 - LA - $9,557 - Dallas - $8,470 - DC - $7,203 - SF - $6,864 - Miami - $6,336 - Atlanta - $5,417 - Denver - $5,127 - Boston - $4,701 - Seattle - $4,272 Top 10 Buyers (Billions): - Blackstone - $11,298 - KKR - $3,914 - Brookfield - $3,590 - FPA Multifamily - $1,929 - Welltower - $1,626 - Equity Residential – $1,612 - Fairfield Residential - $1,363 - Scion Group - $1,209 - Greystar - $1,086 - Standard Communities - $1,084 Top 10 Sellers (Billions): - AIR - $10,000 - BREIT - $4,003 - Quarterra - $3,295 - Greystar - $3,085 - Inland Group - $1,953 - Blackstone - $1,635 - Starwood Capital - $1,611 - JP Morgan - $1,542 - Harbor Group - $1,182 - Harrison Street - $1,176 Largest Portfolios: - Blackstone/AIR - $10 Billion - KKR/Quarterra - $2.1 Billion - Brookfield/Starwood - $1.55 Billion - Standard Communities/Various Sellers - $1.0 Billion #multihousing #CRE #capitalmarkets #retwit

You can't measure what you don't track 101 days ago I committed to doing 2 things for 100 days straight: - Workout for 30 minutes every day - Attend 300 valuable meetings (50% in person) I completed the workout goal. I worked out for 3,445 minutes over 100 days. I averaged ~34.5 minutes per day and worked out for a total of approx. 2.4 days! I fell short of my meeting goal. I completed 231 meetings of which 155 in-person. I'd rather fall short of setting 300 meetings than 100 meetings. Just saying... What I learned:  - I was inconsistent with working out prior to this challenge. It's now a habit. I even hired a personal trainer to take it to the next level. I feel better than I ever have before - In-person meetings are always better. Relationships are actually built. Video calls suck  - A lot of people consume content and never "like" or engage, but are observing and assessing... if I had a dollar for every time someone asked, "what meeting number am I?" or "Did you workout today?"   Massive goals lead to massive action. I won't be as routinely public about these during 2025, but priority goals outlined below: - complete $1 Billion in transactions ($400M signed up to launch in Q1) - Continue the workout trend of 30 minutes per day - Attend 1,000 valuable meetings (250 per quarter, 70% in-person) - Interview 24 investors and developers on my podcast... first one of the year dropping next week! - Focus more on video content... as of yesterday, my office essentially looks like a production studio! - Create an exclusive recurring monthly multihousing newsletter. I won't be posting these broadly on LinkedIn. I will be laser-focused on a targeted audience to create massive value. More to follow... Random other things: - I was invited to speak at two prestigious university graduate real estate programs during Q1 '25 (more to follow!) - I posted every day on LinkedIn during 2024. I had 2.7 Million impressions and reached 440K members. Based on momentum, I'll double that during 2025. Staying top of mind is critical in my business - In the past 100 days, I traveled 14,114 miles to the following places for conferences and client meetings - Atlanta, Chicago, Dallas 2X, Houston, NYC 5X, TN - I already have 17 trips booked during the first half of 2025 for client meetings, conferences or skiing! I turn 40 in 264 days. I feel like I'm just starting my career. I have never been more pumped for the future and to create massive value for our clients, my team, my family and myself! 2025 will be the best year yet... Happy New Year! #cre #capitalmarkets #100DaySprint2024

Hoa in a multi housing unit is far different than single family homes. Multihousing unit it is for cost of repair of structures sometimes to police parking or dogs. Single family hoa is purely cookie cutter bs. Dumbass rules for cookie cutter houses

I am committed to fighting for an economy where businesses and individuals can thrive — that’s why I’ve earned the endorsements of key business organizations across Arizona ⬇️ 🔸Arizona Multihousing Association 🔸Arizona Chamber of Commerce and Industry 🔸Americans for Prosperity 🔸National Federation of Independent Business 🔸U.S. Chamber of Commerce With their support, we’re striving to support small businesses across #AZ06, cut red tape and lower regulations. Don’t forget to VOTE on or before November 5th. 🇺🇸