Juniper Capital recently attended an NAIOP breakfast, which was titled “Urban Apartments: Not Just a Residential Play.” This informative meeting is a prime example of Juniper’s community outreach, gathering and sharing invaluable information for solid real estate investing in the Pacific Northwest. A multi-family investment sales representative from Colliers International moderated the program’s lively discussion, which included panelists from Mack Urban, Red Propeller and Eagle Rock Ventures.
Most of Seattle’s continuing population growth is happening in urban apartments. Last year, almost 7,500 apartment units were built, the most since 1991. Most of this construction occurred in urban centers or neighborhoods. In addition 40,000 apartments are already planned to be built.
Panel topics included pairing neighborhoods and job growth, renter transportation, ground-floor retail, and “What are renters looking for?” Promoting these selling points often requires an emphasis on branding and marketing buildings.
As Seattle grows, we are starting to rethink housing. The NAIOP breakfast panel provided knowledgeable and useful insight into the current value of multi-family residences, as well as the prospects of both residential and commercial properties.
This 2014 Seattle Multi-family Urban Market Study (PDF) was distributed to all attendees, both public and members. Learn “what every apartment investor needs to know about Seattle’s urban neighborhood development,” and contact Juniper Capital for the most competitive loans you will find from a private money lender in Seattle. We also fund real estate investments in Portland, Boise, and throughout the Northwest.
Special thanks to the NAIOP of WA, the Washington state chapter of the Commercial Real Estate Development Association, and Ed Scherer, for his summary of the NAIOP breakfast.
Contact Juniper Capital to learn more about loans for commercial real estate in Seattle and the greater Pacific Northwest.