GRANITE PEAK NEWS

Granite Peak Equity Closes Purchase of 72-Unit Apartment Complex in Sioux City, Iowa
Downtown Sioux Falls, South Dakota Sioux City, Iowa, August 16, 2021 /Newswire/ — Granite Peak Equity has purchased Hons Apartments, a mid-rise Class A apartment complex built originally built as a warehouse in 1906 (...
Multifamily Demand Soars in Second Quarter
The multifamily market experienced considerable strength in the second quarter, with anticipation of continued demand in the third quarter, according to CBRE Research’s latest U.S. Multifamily Figures report. The ...
Record Rent Growth, Occupancy Entice $53B In Multifamily Investments
The multifamily market is flying as high as it ever has, which means that bushels of investors are betting it won’t come down for a long time. Effective asking rents in the U.S. jumped 2.2% from June to July, which...
Montana Boomtown Jumps to No. 1 on WSJ/Realtor.com Housing Market Index
Billings, Mont., is the new No. 1 on The Wall Street Journal/Realtor.com Emerging Housing Markets Index, boosted by its affordability and appeal to remote workers. The index reflects how the housing boom has ignited ...
Multifamily Rent Growth Soars to ‘Unprecedented’ Highs, up 6.3% YOY in June
The national average multifamily rent rose by $23 in June, up to $1,482—shattering growth records for Yardi Matrix’s Multifamily National Report. Year-over-year rent growth also rose to the highest level in the history ...
How Apartments Have Prevailed During the Pandemic
Earlier this year, a leading equity crowdfunding site conducted what’s believed to be the largest-ever survey of individual real estate investors in order to gauge their appetite for investing in a pandemic. Despite the ...
Apartment Rents Balloon, Especially In Small And Midsized Markets
One of the legacies of the receding coronavirus pandemic looks to be a nationwide spike in apartment rents. In June, asking rents were up 2%, according to RealPage data, with average monthly rent reaching $1,513. That is...
Multifamily Industry Sees Surge of Liquidity
Lenders say they are seeing no shortage of debt capital available to finance multifamily properties today, which should continue through the remainder of 2021. James Flynn, CEO of Lument, says it’s difficult to find any ...
Multifamily Asset Prices Now Growing Faster Than Industrial
Multifamily real estate has seemingly regained its luster as an investment as concerns about the coronavirus pandemic’s effect on demographic changes wane. Apartment buildings rose in price by 1.2% from April to ...
Inflation Could Be Real Estate Owners’ Friend
As inflation hits the U.S. economy at a faster rate than in decades, there might be an upside for commercial real estate, or at least for investors already holding real property. Higher input prices for construction ...