Sweetwater Capital is pleased to offer a unique investment opportunity with the acquisition of Cumberland Park Duplexes, a 20-unit property with adjacent .91 acre of raw land nestled in the heart of Raeford, NC. Untitled Document
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Effectively managing market volatility requires the proactive deployment of financial strategies Market volatility necessitates proactive financial strategies. Apartment operators can address rising expenses in various ways. The multifamily industry experienced record annual growth in revenue, expenses, and net operating income last year, driven by the highest inflation rate in a generation. This underscores the vulnerability…
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Understanding Assumable Loans An assumable loan allows a new property buyer to inherit the seller’s loan. Essentially, when a commercial property is sold, the buyer can step into the seller’s shoes and take over the existing loan. However, it’s crucial to understand that not all loans are assumable, and many come with specific conditions for…
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In today’s economic climate, navigating the commercial real estate market might seem like sailing through rough seas. With increasing borrowing costs, sluggish rent growth, and persistent inflation, many investors feel lost amidst the turbulent market waves. But even in such challenging conditions, the proper guidance can help an investor chart a successful course. Enter Sweetwater…
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As the housing market faces a scarcity of available homes, and rental prices soar, both potential homebuyers and renters are finding it increasingly challenging to secure suitable housing. In response, home builders and investors have introduced the concept of “build-to-rent” (BTR) communities, also known as single-family rentals. According to U.S. News, the BTR sector is…
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What Are Fannie Mae Multifamily Loans? Fannie Mae Multifamily has served as a dependable funding source for multifamily property investors for over thirty years. Leveraging Fannie Mae’s Delegated Underwriting and Servicing (DUS) model offers a streamlined avenue to secure financing for property acquisitions. The organization presents a range of options for apartment and multifamily financing,…
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Increasing Insurance Costs Could Lead to Apartment Sales and Threaten New Construction Apartment owners have faced significant cost increases over the past year, including property taxes, utility, and labor costs, and increased insurance costs. These costs could make owning an apartment unsustainable, as some owners may be forced to sell their properties. Insurance price hikes…
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A look at YTD rent growth and its implications for apartment demand Annual rent changes are a lagging indicator of current market conditions, but year-to-date (YTD) rent growth is better at understanding what’s happening at a year’s midway point. As of June 2023, YTD rents have grown 1.9% across the country, indicating strong demand. The…
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FOMC Meeting Between March of 2022 and May of 2023, the Federal Reserve has raised the Federal Funds rates ten times – taking it from effectively zero to 5.00% to 5.25%. Historically this has been one of the Federal Reserve’s fastest tightening sequences. The June 14th FOMC meeting marked the first time in more than…
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CONTACT: Rob Ferguson Vice President of Sales Rob@sweetwatercap.us (919) 730-4348
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Consider These Points Before Investing in Multifamily Real Estate Multifamily homes are a great way to get into investment properties. As with any kind of investment, you must consider the potential benefits and risks that come with the asset type. 5 Benefits of multifamily investment properties When it comes to investing in real estate, multifamily…
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When Developers Stop Developers are visionaries; whose sole focus is transforming fields and rundown buildings into stunning, magnificent structures. They visualize alluring apartment communities, sleek skyscrapers, retail center villages that cater to the many, state-of-the-art storage facilities, and luxurious hotels. Across all commercial asset types, developers are looking to be the creator of the next…
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Raleigh leaps into top 5 in Milken’s 2023 best performing cities rankings Raleigh is back in the top 5 on an elite list of cities for economic development. But it’s not alone among North Carolina cities in the top 10. The City of Oaks is number three on this year’s Milken Institute’s Best-Performing Cities rankings,…
FOR SALE: Cumberland Park TownhomesRead MoreEffectively managing market volatility requires the proactive deployment of financial strategiesRead MoreUnderstanding Assumable LoansRead MoreSecuring Assets and Enhancing Investments in Commercial Real Estate: A Strategic GuideRead More“Build-to-rent” (BTR) communities experiencing a significant surgeRead MoreFannie Mae Commercial Loans For Multifamily PropertiesRead MoreIncreasing Insurance Costs Could Lead to Apartment Sales and…
The 5 Essentials of a Successful Apartment Acquisition 1. Do Your Homework You can’t do too much due diligence when evaluating a community before acquiring it. As the buyer, you need to know a property is poised to deliver the returns it and its investors seek. Or, if the community isn’t in shape to deliver…
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An apartment owner contacted the Sweetwater Property Management (SWPM) team about one of his apartment communities. The owner has a long-standing relationship with Sweetwater in North Carolina, but the property in question was in Denver, CO. THE PROPERTY The 402-unit property was purchased in 2015 for approximately $117K per door. The property was a…
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LAND FOR SALE: 72+ acres in Burlington, NC INVESTMENT SUMMARY • Six separately deeded parcels totaling 72.48 acres. • Visibility with frontage on I-40/85 makes this an excellent development opportunity. After re-zoning, the site is open to an abundance of possibilities such as multifamily, hotel, retail, and mixed-use development. Annual Average Daily Traffic along Highway…
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Despite a lackluster investing year in 2022, almost $10 billion in new Qualified Opportunity Zone investments were made last year. This raised the total of new investments since the program began in 2017 to over $100 billion. High-net-worth investors are clearly aware of the extraordinary benefits of the existing federal OZ incentive, namely, the opportunity…
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Client Spotlight: Mortgage Brokerage Since 2011, we have closed 12 loans totaling $302MM for one of our biggest clients. We are working on two more loans for this client, totaling an additional $83MM. Once these loans close, our client’s total volume with us will be $385MM. This kind of relationship would not have developed if…
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We’re honored to be recognized by CoStarUS as a CoStar Power Broker Top Firm winner for 2022! CoStar analyzed and measured our firm’s transactions for 2022 against all active brokerages in our market to identify Sweetwater Capital as a CoStar Power Broker Firm Sales winner! And a big congratulations to one of our brokers, Windy…
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Fayetteville, NC Multifamily Market Report 2022 Recap National interest in the Fayetteville, NC, market is on the rise as the strength of the Sun Belt continues to draw investors into the region. The increase in activity resulted in a record $621M in multifamily sales volume in 2022 – a 17% increase over 2021. Capitalization rates…
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Azalea Gardens Apartments consists of 11 buildings and 90 units, built in 1970, and currently at 100% occupancy. There are 40 1-bedroom units, and 50 2-bedroom units with an average of 822 SF. The community features a sizeable pool and lounge area, small playground, laundry facilities and on-site maintenance and property management. Azalea Gardens is…
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FOR SALE: Park West Apartments Park West Apartments consists of 13 buildings and 104 units, built in 1987, and currently at 98% occupancy. There are 16 one-bedroom units, and 88 two-bedroom units with an average of 894 SF. The community features a sizeable pool and lounge area, playground, laundry facilities and on-site maintenance and property…
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With a recession looming, commercial real estate investors are scrambling to decide where to invest. As a sector with a strong track record even during tough economic times, self-storage might be worth considering. MJ Partners Real Estate Services notes that the self-storage industry looks to have a healthy growth trajectory thanks to factors such as…
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Crown Apartments consists of 3 well-maintained buildings and 60 turn-key units. There are 24 one-bedroom units, and 36 two-bedroom units with an average of 943 SF. The community features a sizeable pool and lounge area, abundant yard space and on-site maintenance and property management. Crown Apartments are located just off Western Boulevard where residents are…
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Despite the forecasted recession, most seemed cautiously optimistic, and projections were far from dire. Our own observations of the multifamily market align with this perspective. There is still capital looking to invest in commercial real estate, and multifamily remains a front-running investment choice. The increased cost of ownership for single-family homes, coupled with a nationwide…
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A new year and shifting markets – how will investors and property owners fair in 2023? Let’s take a look. Let’s start by agreeing that no one has a crystal ball that will tell them exactly what will happen in 2023. That said, we can make a few educated guesses based on historical trends and…
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For the Sweetwater Investment Sales Team, it was a banner year with just over $183M in volume. In total, the team facilitated trading 1,442 doors with an average price of $127K per door. The investment sales team has been growing since its start in 2020 – and 2022 was our best year yet! Sales were…
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With the stores decorated for Christmas and shoppers rushing to get last-minute stocking stuffers, it is time to take a moment and reflect on the year that was. 2022 saw the end of a pandemic and the start of a war – England said goodbye to their queen, and NASA returned to the moon. It…
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THE PROPERTY A stabilized value add opportunity, the Waters Edge Town Apartments is a 30-unit townhome-style complex in Fayetteville, NC. The 2.84-acre four-building community was built in 1985 and is comprised of all two-bedroom units. Sitting along the Cliffdale Corridor, the property is conveniently located minutes from Fort Bragg, the Skibo Road economic corridor, and…
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FOR SALE New ownership will acquire a well-maintained property that offers immediate organic rent growth. This investment would benefit from an interior value-add program, providing the ability to increase rental income and attract additional residents. Property website: churchstreetnc.net Click here for all listings
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PORTFOLIO – 3 PROPERTIES Jacksonville, NC – 254 units PROPERTY WEBSITE LAND – 8 ACRES 2228 Applebury Lane Fayetteville, NC PROPERTY FLYER GREEN VALLEY Fayetteville, NC 45 units PROPERTY WEBSITE HAYMOUNT COURT Fayetteville, NC 32 units PROPERTY WEBSITE LANDMARK APARTMENTS Fayetteville, NC – 128 units $14,150,000 LAKESHORE GRANDE APARTMENTS Fayetteville, NC – 60…
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The State of the Multifamily Market and a Look Ahead to 2023 The Macro Environment As 2021 drew to a close, concerns about rising inflation and an overpriced housing market began working their way into conversations. The Federal Reserve and many industry experts assured anyone who would listen that inflation was transient – a…
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Open email online FEATURED LISTINGS WESTBROOK PORTFOLIO Multifamily 2 properties, 77 units Fayetteville, NC CLICK HERE CHURCH STREET APARTMENTS Multifamily 64 units Hope Mills, NC CLICK HERE Click here for all properties RECENT TRANSACTIONS SOLD! Regency Luxury Apartments $27,200,000 Units: 186 Year Built: 1996 Fayetteville, NC LOAN CLOSING! Seller & Buyer Finance Representation Waters…
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Inflation & Commercial Real Estate Unless you have been doing a digital detox, you have been inundated with news about inflation’s impact on mortgage rates and the financial markets. To control inflation, the Federal Reserve has raised the Federal Funds Rate four times this year and is poised to increase it another 50-75 basis…
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THE PROPERTY Kirkwood Place is a modern mixed-use property consisting of upscale apartments and Class A commercial space. Completed in 2017, the property provides residents with a sophisticated experience and a generous selection of amenities, including a lounge, coffee bar, and 24-hour fitness center. A short eight-minute drive from Downtown Greensboro, Kirkwood Place is located…
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Federal Reserve Keeps Pushing Up Rates! On September 21st, the Federal Reserve (Fed) raised the Federal Funds Rate by 75 basis points. The fifth increase for the year pushed the target rate from 2.25% to 3.00% – the highest rate since February 2008. The hike follows the release of August’s inflation numbers – at…
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Open the September newsletter online by clicking here. FOR SALE CHURCH STREET GREEN VALLEY MANOR Hope Mills, NC / 64 Units / website Fayetteville, NC / 45 Units / website AZALEA GARDENS TREETOP Jacksonville, NC / 90 Units / website Fayetteville, NC / 146 Units / website For more information on any of these…
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THE PROPERTY The Keystone Apartments are a 202-unit garden-style multifamily complex in Fayetteville, NC. Built in 1974, the property comprises 24 buildings on a secluded 19-acre lot conveniently located adjacent to the Skibo Road Corridor. Less than 6 miles from Fort Bragg, an Amazon fulfillment center, and the Cape Fear Valley Hospital, the property…
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THE PROPERTY The Bull Run Apartments are a 13-unit garden-style complex in Fayetteville, NC. The 2.79-acre four-building community was built in two phases, with the first two buildings completed in 1978 and the last two in 1989. Nestled in a quiet residential neighborhood, the property is nine miles from Fort Bragg and minutes from…
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THE PROPERTY Wyndfall Apartments are a 56-unit garden-style complex in Hope Mills, NC. The 5.15-acre seven-building community was completed in 1998 and is nestled in a quiet residential neighborhood. The property offers all 2-bedroom units, each with approximately 1,280 square feet of living space. Located within the Fayetteville MSA, Wyndfall Apartments are 15 miles…
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