Unveiling the Unlikely Buyer
UNVEILING THE UNLIKELY BUYER At MMG, we don’t just navigate the real estate market; we redefine it. Our recent success story is a testament to our ability to not only meet but surpass the expectations of our sellers, showcasing our unique knack for uncovering hidden opportunities and orchestrating connections between unlikely players in the market. […]
Swift Success in a Reverse 1031 Exchange
In the fast-paced world of real estate transactions, MMG showcased their expertise by orchestrating a remarkable deal for a client engaged in a Reverse 1031. The challenge? Closing the Class A down leg within a stringent four-month timeframe. Here’s how MMG’s strategic approach delivered results that exceeded expectations. SWIFT SUCCESS IN A REVERSE 1031 EXCHANGE […]
Team Member Spotlight – Alex Thompson
With a passion for building lasting client relationships, Alex Thompson is an integral member of our team. Discover his approach to staying motivated, the client-centric focus that drives him, and why he believes MMG stands out from the crowd.
The Rising Appeal of Small & Midsize Texas Markets
In a notable shift for 2024 within Texas, a healthy proportion of small and mid-sized Texas apartment markets are poised to surpass the major Texas markets that have historically led the state in rent growth.
Advisory vs Transactional
ADVISORY VS TRANSACTIONAL OUR CAREFULLY CRAFTED CLIENT-CENTRIC APPROACH ADVISORY VS TRANSACTIONAL OUR CAREFULLY CRAFTED CLIENT-CENTRIC APPROACH THE SITUATION For the most part, everything looked good on paper. The potential buyer was not only well-qualified, but had come to the table with reasonably good terms. It should also be noted that the prospective buyer had just […]
Exchange & Elevate
EXCHANGE & ELEVATE REDEPLOYMENT OF EQUITY FOR GREATER RETURNS Our client owned a 136-unit, 1970’s apartment community in Louisville, KY for 15 years. It was operating well, but not producing an optimal return. For over two decades, the client’s overall goal with building their portfolio was to grow their cash flow and build a diverse […]
Operational Challenges vs Future Possibility
There was an incredible, multifamily townhome community located in St. Louis, Missouri that at the time, was the newest vintage asset in the sub market with strong attributes and a highly viable location. We’re talking phenomenal looking, and wildly attractive with maintenance-free exteriors and if that wasn’t enough, the property also comped out exceedingly well. However, […]
Why Hire an Advisor?
WHY HIRE AN ADVISOR? Let’s talk about the value of representation THE SITUATION There was a reasonably well-informed, seemingly business-savvy seller who wanted to unload a piece of multi family real estate. MMG Real Estate Advisors encouraged said seller to have a valuation completed on the property, which would at minimum serve to provide a […]
National 2024 Forecast
National 2024 Market Forecast MARKET SNAPSHOT AVERAGE RENT $1,648 4Q 2023 $1,686 4Q 2024 2024 RENT CHANGE 2.3% OCCUPANCY RATE 94% 4Q 2023 93.8% 4Q 2024 4Q 2024 OCCUPANCY CHANGE -20 BASIS POINTS KEY TAKEAWAYS The Midwest demonstrated remarkable resilience in apartment fundamentals through 2023, driven by its affordability, steady population growth, and a more […]
Austin 2024 Forecast
Austin 2024 Market Forecast MARKET SNAPSHOT AVERAGE RENT $1,560 4Q 2023 $1,570 4Q 2024 2024 RENT CHANGE 0.6% OCCUPANCY RATE 91.4% 4Q 2023 91.0% 4Q 2024 2024 OCCUPANCY CHANGE -40 POINTS EMPLOYMENT* 1.32M 2023 1.34M 2024 UNEMPLOYMENT RATE** 3.5% 2023 3.5% 2024 * Please note that these employment figures have been adjusted for seasonal variations and are […]
Chicago 2024 Forecast
Chicago 2024 Market Forecast MARKET SNAPSHOT AVERAGE RENT $1,685 4Q 2023 $1,751 4Q 2024 2024 RENT CHANGE 3.9% OCCUPANCY RATE 95.1% 4Q 2023 94.9% 4Q 2024 2024 OCCUPANCY CHANGE -20 POINTS EMPLOYMENT* 4.77M 2023 4.79M 2024 UNEMPLOYMENT RATE** 4.2% 2023 4.5% 2024 * Please note that these employment figures have been adjusted for seasonal variations and are based […]
St. Louis 2024 Forecast
St. Louis 2024 Market Forecast MARKET SNAPSHOT AVERAGE RENT $1,170 4Q 2023 $1,222 4Q 2024 2024 RENT CHANGE 4.4% OCCUPANCY RATE 91.1% 4Q 2023 90.8% 4Q 2024 2024 OCCUPANCY CHANGE -30 POINTS EMPLOYMENT* 1.43M 2023 1.44M 2024 UNEMPLOYMENT RATE** 3.1% 2023 4.5% 2024 * Please note that these employment figures have been adjusted for seasonal […]
2024 Multifamily Market Pulse
The MMG Research Team is pleased to announce the availability of our 2024 Multifamily Pulse Survey. Developed to provide valuable insights on how industry peers are navigating the dynamic business environment, this survey covers a wide range of topics including expectations for capital markets and operating conditions in the upcoming year, as well as acquisition strategies for 2024.
Market Outlook for 2024: A Year of Opportunities
To evaluate the regions where inflation accelerated most rapidly, we analyzed the latest Consumer Price Index for All Urban Consumers (CPI-U) from the Bureau of Labor Statistics, comparing the percent change from Jul 2022 to July 2023, across 23 major metropolitan areas.
Houston 4Q23
An interactive look into the Multifamily Construction Pipeline in Q3 for Indianapolis, IN
Indianapolis 4Q23
An interactive look into the Multifamily Construction Pipeline in Q3 for Indianapolis, IN
Team Member Spotlight – BJ Connolly
Hannah Troyer is not only a wizard with words, but also a luminous light in the lives of others. With unparalleled passion for her craft, Hannah is dedicated to curating custom content that’s clear, concise, and engaging.
An integral part of the team of marketing masterminds at MMG, Hannah’s positive contribution to the collective success of the firm as a whole certainly doesn’t go unnoticed. Congratulations, Hannah, and thank you for the cornucopia of ideas you contribute!
Billings Q3 2023
Read the MMG Research departments in-depth analysis and insights into the Little Rock Multifamily Market for Q2 2023.
Boston Q3 2023
Boston 3Q23Multifamily Market Report $2,939 average rent 95.6% average occupancy rate $1.8B ytd sales volume 3.2% YoY rent change -0.9 POINTS yoy occupancy change 46 ytd individual transactions Supply & Demand 3Q23 1,325 Units QUARTERLY DEMANDYTD: 2,966 2,263 Units QUARTERLY COMPLETIONSYTD: 5,096 Annual Demand vs Completions 2018 10,075 7,649 2019 7,427 6,132 2020 2,498 9,400 […]
Charleston Q3 2023
Charleston 2Q23Multifamily Market Report $1,779 average rent 94.0% average occupancy rate $254.25M ytd sales volume 3.6% YoY rent change -1.2 POINTS yoy occupancy change 8 YTD individual transactions Supply & Demand 3Q23 1,021 Units QUARTERLY DEMANDYTD: 1,491 818 Units QUARTERLY COMPLETIONSYTD: 1,974 Annual Demand vs Completions 2018 3,487 3,840 2019 2,205 2,369 2020 3,479 3,727 […]
Charlotte Q3 2023
Charlotte 2Q23 Multifamily Market Report $1,602 average rent 93.7% average occupancy rate $905.5M ytd sales volume -1.3% YoY rent change -1.2 POINTS yoy occupancy change 19 YTD individual transactions Supply & Demand 3Q23 3,429 Units QUARTERLY DEMAND YTD: 8,380 3,956 Units QUARTERLY COMPLETIONS YTD: 10,285 Annual Demand vs Completions 2018 7,951 8,005 2019 8,551 8,200 […]
Cincinnati Q3 2023
Cincinnati 3Q23Multifamily Market Report $1,364 average rent 95.5% average occupancy rate $188.7M ytd sales volume 4.5% YoY rent change -1.4 POINT yoy occupancy change 11 YTD individual transactions Supply & Demand 3Q23 275 Units QUARTERLY DEMANDYTD: 1,046 832 Units QUARTERLY COMPLETIONSYTD: 2,344 Annual Demand vs Completions 2018 3,089 1,651 2019 2,587 1,015 2020 1,733 2,231 […]
Denver Q3 2023
Denver 3Q23Multifamily Market Report $1,924 average rent 94.2% average occupancy rate $1.58B ytd sales volume 0.7% YoY rent change -1.0 POINT yoy occupancy change 56 YTD individual transactions Supply & Demand 3Q23 3,164 Units QUARTERLY DEMANDYTD: 6,886 2,889 Units QUARTERLY COMPLETIONSYTD: 7,828 Annual Demand vs Completions 2018 11,596 10,772 2019 8,524 8,716 2020 7,529 7,875 […]
Kansas City Q3 2023
Kansas City 3Q23Multifamily Market Report $1,302 average rent 94.9% average occupancy rate $386.7M ytd sales volume 3.3% YoY rent change 4,744 UNITS DELIVERING OVER THE NEXT 4Q 18 YTD individual transactions Supply & Demand 3Q23 899 Units QUARTERLY DEMANDYTD: 2,467 917 Units QUARTERLY COMPLETIONSYTD: 3,556 Annual Demand vs Completions 2018 3,136 3,455 2019 3,644 2,343 […]
Las Vegas Q3 2023
Las Vegas 3Q23Multifamily Market Report $1,462 average rent 92.8% average occupancy rate $383.7M ytd sales volume -4.3% YoY rent change -1.6 POINTS yoy occupancy change 6 YTD individual transactions Supply & Demand 3Q23 334 Units QUARTERLY DEMANDYTD: 676 1,382 Units QUARTERLY COMPLETIONSYTD: 2,960 Annual Demand vs Completions 2018 4,251 3,360 2019 2,446 2,665 2020 5,196 […]