Partner Valuation Advisors

In light of recent economic uncertainties, investors are understandably concerned about what this holds for the future of the multifamily rental markets. One of Partner Valuation Advisors' Managing Directors, Scott Belsky, sheds some light on multifamily market trends with the following insights: • Affordability challenges for single-family homeownership are still creating strong demand for rentals • Undersupply in new apartments in 2026 – 2027 should pose an upside for rental growth  • Overall, the market is absorbing units well outside of a few select markets • These few markets have a tremendous amount of oversupply which is likely to take 2 to 3 years to stabilize with increased occupancy and eventually tapering off concessions • Generally, the large markets in the Northeast and Midwest are two of the strongest areas in the US from an occupancy perspective • Most investors feel we are “off of the bottom” in terms of the market • When purchasing with a reasonable cost basis, investors are still buying with negative leverage when there is a path towards stabilizing at neutral or positive leverage over 12 – 18 months In summary, the multifamily rental market is positioned for continued strength and potential growth, driven by both demand-side and supply-side factors. While there are still headwinds, investors are cautiously optimistic and positioning themselves for longer-term gains in a tightening rental market. #Multifamily #RealEstateInvestment #RentalHousingTrends

As investors and developers seek the next big opportunity in senior housing, the Active Adult subsector continues to gain momentum. In a recent Seniors Housing Business article, Brian L. Chandler, Senior Managing Director at Partner Valuation Advisors, shared insights on this growing trend. “It’s still in its infancy right now,” Brian noted, “but it’s starting to pick up from what we’re seeing.” From pickleball courts and bistros to group travel programs, communities are prioritizing lifestyle-driven amenities that appeal to a younger senior demographic. https://lnkd.in/gi52XQ6c   #SeniorHousing #ActiveAdultLiving #CREInsights

With appraisals, as with many things, the devil’s in the details. Partner’s Erica Butler, MAI sponsored the North Carolina Appraisal Institute’s Valuation Law Symposium in Charlotte, NC last week to discuss the finer legal and theoretical points of valuation. “These classes challenged us to consider concepts we deal with on a daily basis in completely different ways,” commented Butler, who serves as Vice President of the North Carolina Chapter of the Appraisal Institute. Congratulations on a successful symposium and demonstration of commitment to excellence in the practice of appraisal!

The hospitality sector is regaining momentum with increased transaction activity, refinancing, and investor interest. While challenges like rising expenses and economic uncertainty persist, innovative strategies and strong demand in key segments—such as extended-stay, boutique, and luxury hotels—continue to drive optimism. In this GlobeSt.com article, McKenna Luke, MAI, Managing Director at Partner, breaks down the headwinds and tailwinds shaping hospitality performance and where investors should focus their attention. If you’re looking to capitalize on opportunities in the hospitality market, this is a must-read! https://lnkd.in/g6E9hrDQ

Uncertainty in the capital markets continues to shape commercial real estate strategies, but opportunities remain for those who can navigate the shifting landscape. Elevated interest rates, macroeconomic unpredictability, and the approaching wave of loan maturities are driving critical decisions for lenders and investors alike. In this GlobeSt.com article, Joe Derhake, PE, CEO of Partner Engineering & Science, Inc., and Eric Enloe, MAI, CRE, FRICS, Senior Managing Director of Partner Valuation Advisors, analyze key property trends for 2025 and beyond, breaking down the risks and opportunities in today’s market. Read their insights on how to position yourself for success in a year of market recalibration. https://lnkd.in/dTipRmDV

The California Lodging Investment Conference & [CLIC] Connect Podcast is coming to Long Beach, CA this Wednesday and Thursday and we’re excited to join the conversation on trends shaping the California hotel market. Our team—McKenna Luke, MAI, Arcie Propster, Jenny Redlin, and Fiona Henry—will be attending, ready to connect and discuss key industry insights. McKenna Luke will also be speaking on the panel, "Curating the Guest Experience," exploring how hotels can elevate their offerings in today’s market. If you’re attending, be sure to reach out—we’d love to connect! #CLIC25 #Hospitality

We’re excited to attend National Investment Center for Seniors Housing & Care (NIC)'s Spring 2025 conference in San Diego, where industry leaders will explore the evolving intersection of senior housing and healthcare. This event is a key opportunity to discuss capital deployment, operational strategies, and emerging trends shaping senior living and long-term care.   Partner will be represented at the event by Brian L. Chandler MAI, CRE, FRICS, Andrea Roberts, MAI, Bradley Grossa, Allison Stavinoha, MAI, and Karlie Guta — reach out if you’d like to connect! We'll see you there.

The MBA CREF 2025 conference last week provided key insights into the shifting dynamics of the commercial real estate finance market. Our Senior Managing Director, Eric Enloe, MAI, CRE, FRICS, shared critical takeaways on where the market is headed and what borrowers and lenders can expect in the coming months. Here are some key observations: • The market needs stability in the 10-year Treasury – Volatility in the rate is keeping borrowers from moving forward with refinancing, with many hoping for better conditions in the future. Many anticipate that the 10-year Treasury will remain between 4.50%-5.00% in 2025, making hopes of a dip into the sub 4.00% territory unlikely. If a dip does happen, borrowers should be ready to jump – the market will see a surge like when the 10-year treasury went to 3.64% in September 2024. • Effects of the new administration – There is some uncertainty over how tariffs, immigration policy, and other administration moves may affect the CRE market.  • Capital is available across all debt sources – Unlike in previous years, lenders are ready to fund deals, but borrowers need to take action. CMBS and bridge lenders are especially active, and banks have significantly more appetite than in 2024. • Will loan extensions continue in 2025? – Some lenders are drawing the line on further loan extensions, which could force deals to happen, while others believe potential deregulation in Washington could allow banks more latitude to continue extending.  • With the market uncertainty, many lenders are bracing for a slow start to the year with anticipation that transactions will pick up in the back half. What are your thoughts on the market outlook? Let’s discuss! #MBACREF25

Investors and operators in the seniors housing sector are seeing growing optimism as occupancy rates improve and liquidity increases. In this GlobeSt.com article, Brian L. Chandler, MAI, CRE, FRICS breaks down key takeaways from the 2025 ASHA Conference, including market trends, M&A activity, and investment outlooks for the year ahead. Read more about what’s driving confidence in this sector: https://lnkd.in/gMqGXg8X

We are excited to join the nearly 2,000 commercial/multifamily professionals at Mortgage Bankers Association's CREF25 next week in San Diego for some insightful conversations and unmatched networking opportunities. Don't hesitate to reach out to any one of the Partner Valuation Advisors team planning to attend: Brandon Nunnink Eric Enloe, MAI, CRE, FRICS Brian L. Chandler, @Joe Miller, @Ryan McDonald, Scott Belsky Jeff Colton, MAI. #MBACREF25 #CRE #finance Secure your spot today: https://hubs.la/Q035kZ4Q0