RentReports

79.4 Percent of Apartment Households Paid Rent as of October 6

The National Multifamily Housing Council (NMHC) Rent Payment Tracker found 79.4 percent of apartment households made a full or partial rent payment by October 6 in its national survey of 11.4 million units. This is unchanged from the share who paid rent through October 6, 2019 and compares to 76.4 …

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MultifamilyRent

Greenwood Village Has the Largest Apartments in Denver Metro

After months spent cooped up in our homes because of the pandemic, it’s safe to say the size of our apartment matters. And, oftentimes, it’s not just about the number of bedrooms an apartment has, but how many square feet of space it offers. A new study from RENTCafé ranks …

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BrokerageMultifamilyRent

17-Unit Apartment Community Sells in Congress Park

Lord Stanley Apartments, a 17-unit apartment community in Denver’s Congress Park neighborhood, has sold for $3,141,000. Boomer Beatty and Peter Standley, vice president investments in Marcus & Millichap’s Denver office, had the exclusive listing to market the property on behalf of the seller, a private investor. Beatty and Standley also …

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Affordable HousingDevelopmentRent

Colorado Provides Property Owners with $23M in Emergency Rental Assistance

Up to $19.65 million in federal CARES Act funding for emergency rental assistance is now available to property owners on behalf of their tenants through the Colorado Department of Local Affairs (DOLA) Division of Housing (DOH). In addition, the division awarded $3.27 million through the Colorado State Housing Board (SHB) for affordable housing …

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MultifamilyRentReports

July Apartment Market Shows Continued Impact of COVID-19 Outbreak

Apartment market conditions weakened in the National Multifamily Housing Council’s Quarterly Survey of Apartment Market Conditions for July 2020, as the industry continues to cope with the ongoing COVID-19 pandemic. The Market Tightness, Sales Volume and Equity Financing indexes all came in well below the breakeven level. However, in a positive …

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MultifamilyRentReports

80% of Apartment Households Paid Rent in May

Despite the staggeringly high unemployment rates across the country, the National Multifamily Housing Council (NMHC)’s Rent Payment Tracker found 80.2 percent of apartment households made a full or partial rent payment by May 6 in its survey of 11.4 million units. This is a 1.5-percentage point decrease in the share …

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OfficeRentReports

Denver Office Availability to Increase in 2020

By the end of March, the rapidly evolving COVID-19 pandemic had slowed or halted nearly all Denver businesses. Several sectors with a notable corporate presence in Denver, including retail, transportation, and leisure, have suffered significantly to date.  As the forecast of a recession in the U.S. appears increasingly likely, Denver’s market dynamics have the …

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MultifamilyRentReports

Multifamily Remains Strong Investment

A Marcus & Millichap special report suggests that multifamily remains a solid commercial real estate investment through periods of uncertainty. The $2.2 trillion stimulus bill has provided a safety net for the short term while the population works together to slow the spread. While multifamily owners are concerned with the financial impact that will …

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Contributed ArticleRentRetail

Rent Relief for Retail Tenants During COVID-19: A Checklist for Landlords

By Ashley Wingfield, shareholder, and Blake Hansen, associate at Brownstein Hyatt Farber Schreck, Denver As the coronavirus (COVID-19) pandemic unfolds, retail locations globally are facing closures, business slowdowns and economic uncertainty. Accordingly, retail tenants and landlords are having difficult conversations regarding the possibility of rent relief. When approaching these discussions, landlords should keep …

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RentReports

Denver Rents Decelerate in March, First Time Since 2016

According to Yardi Matrix, under normal circumstances, interest for apartments is high during March, with rental prices expected to increase. This is the first time since 2016 that we see a deceleration from February to March, as the national average rent in March went up by 2.9 percent Y-o-Y, a …

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