Posted tagged ‘Rentership Society’

The New Renters

November 4, 2011

CNBC recently reported that millions of Americans who lost their homes in foreclosure are driving demand in the rental market.  So much so that Oliver Chang, Morgan Stanley’s head of U.S. housing strategy and research believes it is time for institutions such as hedge funds and private equity to enter the Single Family Rental market.  Please click on the image or link to view!

If the name Oliver Chang sounds familiar, it’s probably because you remember this post from a couple of weeks ago.  The team at MACK has been working very closely with Oliver on this very issue…how can big institutional money sources enter in to the Single Family Rental market?  It’s Olvier’s contention that the only way for institutions to make a successful entry into the market is for them to partner with operators such as MACK.  We, of course, agree!

From Dream to Disrepair to Dream again.

October 31, 2011

It’s here! CNN Money visited MACK early this month and the feature piece can be seen by clicking on the logo.  CNN’s piece centers on the amazing life cycle of a foreclosure. The property starts off being the culmination of the American for a family, unfortunate events happen in their lives, the home goes into disrepair, and significantly impacts other owners in the neighborhood and the community. A company like MACK then takes over the property, brings it back up to new construction standards, fills it with our A quality tenants, and again the home becomes the culmination of a dream as opposed to an eyesore. Enjoy and please feel free to share!

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More Homes Become Rentals, Census Says

October 24, 2011
Daily Real Estate News | Tuesday, May 31, 2011

House for RentNearly 35 percent of occupied homes were rented in 2010, which is an increase of 33.8 percent from 2000, according to a USA Today analysis of U.S. Census data of more than 500 midsize and large cities.

Since the peak of the housing market in 2006, the number of renter households has grown — on average, by 692,000 a year — while the number of owner households is shrinking–on average, by 201,000 a year, according to the Census data.

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Rental Market Emerges as Housing’s Bright Spot

October 24, 2011
Daily Real Estate News | Tuesday, October 18, 2011

“With rental demand rising and apartment economics improving, the multifamily sector is a positive signal for the U.S. housing industry,” writes Frank Nothaft, Freddie Mac’s Chief Economist, in the October 2011 U.S. Economic and Housing Market Outlook.

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Investors See Bigger Profits From Rising Rents

October 24, 2011
Daily Real Estate News | Friday, October 21, 2011

Rental demand and prices continue to soar, and investors are cashing in. Rents are rising at a 5.17 percent annual rate — up from last year’s 4.72 percent rate. If rents continue to grow at their current pace, they won’t be too far behind the record-high reached in 2000 of 6.18 percent, according to Axiometrics Inc.

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MACK connects with “A Rentership Society” author at Morgan Stanley Research

October 13, 2011

The real estate team at Morgan Stanley Research recently released a report entitled ‘A Rentership Society’ where they present the fundamental trends driving the strong demand for multifamily and single-family rental housing throughout the country.  Oliver Chang heads up this research group at Morgan Stanley, so the redevelopment and rental professionals at Mack Companies talked with Chang to share their experiences of providing successful single-family rentals over the past 14 years.  View the entire article here:  MACK connects with ‘A Rentership Society’ author at Morgan Stanley Research