There are a handful of markets—New York City, San Francisco, Los Angeles and Chicago—where multifamily cap rates have inched higher. These are some of the same markets where developers have built the most new apartment units in recent years. Housing advocates have also pressed lawmakers to pass new rent control laws in New York City, California and Chicago, worrying some investors.
REITs are taking advantage of a healthy rise in stock prices this year to issue new stock. According to a second quarter report from consulting firm PwC, REIT capital raising surged 86 percent in the first half of 2019 to $44.4 billion. Second quarter alone generated 54 equity offerings—the largest quarterly total since the third quarter of 2017.
The Wall Street Journal asks whether energy-producing buildings can work in the South. Foreign demand for American homes declined 36 percent between April 2018 and March 2019, according to Forbes. These are among today's must reads from around the commercial real estate industry.
