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Weekly Wrap-Up CRE Newsletter #10
Please enjoy Prosperity CRE’s weekly newsletter designed to keep you informed and engaged with timely commercial real estate issues and data, and other points of interest.
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Multifamily Construction Hits Highest Level Since 1974
Multifamily Construction Hits Highest Level Since 1974. Developers started construction on 734,000 apartment units last month, a level not seen since the last full month of Richard Nixon's presidency in July 1974. https://pcre.xyz/ein
The Fed Will Eventually Taper. What Happens to Cap Rates?
There are a number of ways to unpack cap rates, what drives them, and how investors should set expectations around them. The simplest and most pervasive approach is
one where investors look at expectations on trends for the 10yr US Treasury, add the current spread to cap rates to that future expectation, and assume that cap rates move up in tandem. This approach never works as there has never been a one-to-one correlation between cap rates and interest rates. https://pcre.xyz/d9a
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A New Year, a New Outlook for the Economy
In this CoStar video, their Chief US Economist, Christine Cooper, discusses data showing increased wages and hiring are beginning to offset fading fiscal stimulus, and support consumer spending.https://pcre.xyz/8hj
Pandemic Rent Growth Highlights Migration Patterns
Apartment rent growth shows where people are migrating during the pandemic. Sacramento and Inland Empire rents are up over 20% from 3/20 to 12/21, while rents have dropped in San Francisco and San Jose. https://pcre.xyz/55z
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Complimentary EBook on Real Estate Investing
If you’d like to learn more about our approach to real estate investing to generate ongoing cash flow and build long-term wealth, you can receive a complimentary copy of our research-based real estate investment book, Investing for Cash Flow and Long Term Wealth by CLICKING HERE.
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We are under contract on our next office deal!Our next value-add office deal is under contract and we'll be starting due diligence within the next few days. If you haven't signed up to our portal to receive first access yet, why not? This next opportunity will be a 506b so we can't say much here, all you need to do is log in on our investor portal. We'll have a quick chat and you'll be among the first to see this exciting deal. Signup here: Invest.ProsperityCRE.com/signup
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Free Due Diligence Manual
This is our 31-page no-fluff working manual with legal, financial and physical nuggets of truth so you invest as smart capital does. Get your free copy by CLICKING HERE
(no email required)
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The 10X for Gen XYZ podcast - Premiering January 2022!!We're excited to announce the premiere of our lifestyle podcast, 10X for Gen XYZ!. Join Zach Winner and Mark Adair-Rios every week, as we learn how others had the grit, determination, and conviction to 10X, take massive action in their lives, and as we explore ways that can help you 10X your life. Stay tuned for updates in this weekly newsletter or on
properitycre.com the premiere on your favorite podcast listening platform.
We are looking for guests on 10X for Gen XYZ!
We are looking for people who either made a shift in their lives
that resulted in improving their wealth, health, fitness, happiness, etc., as well as interviewing people who are helping others achieve personal growth in some aspect of their lives. If this is you, reply to this email and we'll reach out to get started.
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