Multi-Family market set for a record breaking year
According to Freddie Mac, the Multi-Family industry may have a record-setting origination year. As reported in the Multi-Housing news publication, the Freddie Mac Multi-Family Mid-Year Outlook says that between $385 billion and $410 billion could occur by the end of the year. We are incredibly excited about such news from Freddie Mac for us and our investor partners, who benefit from Multi-Family growth by being part of the CalTier Fund. As you can see from the table below, almost all unit sizes are seeing a rise in rent growth. The investor activity comes as demand for multi-family housing ...
Property update: Apartment acquisition at Brigham Young University
The project is expected to generate an annualized return of roughly 15.1%, net IRR, by CalTier Fund I LP partners. Disclaimer: The realized return on an individual project may vary significantly from your portfolio-level return as a CalTier investor. The CalTier Fund investment in the 194-unit, 1,156-bed student housing complex at Brigham Young University officially closed in late March 2021. The property was sourced off-market through a proprietary relationship with the owner. This property, located adjacent to the 36,000+ student campus, provides students with great amenities and a positive living environment. With extensive renovations, CalTier's partners will raise rents to ...