Welcome to Our Newsletter
In order to keep our family, friends, and investors updated with what we’re currently working on and what our future plans are, we will be sending out a short newsletter every month. This newsletter will contain highlights of our most recent accomplishments and activities, a short article on a topic you may find interesting, and an update on where we stand with certain projects. We hope you find these newsletters helpful.
November in Review
While the month of November only recently ended, we accomplished a lot during that quick holiday month. We issued letters of intent for two complexes in San Antonio, one with 90 units and another in the central part of the city with 100 units. We underwrote a number of properties in Austin, San Antonio, New Braunfels, Corpus Christi, Beaumont, and McAllen. Underwriting properties takes up about 80 percent of our work, and out of those properties we underwrite, we write a letter of intent for one out of about every 100.
We also tour about half of the properties we underwrite. In November, we toured a 140-unit complex in northern San Antonio and two complexes in the southern part of the city, one with 380 units and one with 250 units.
Perhaps the biggest accomplishment from November, though, was the launch of our new commercial real estate brokerage. Accelerated Commercial Real Estate allows us to more easily buy and sell multifamily properties and expand our business. You can find out more about it at www.acceleratedcre.com.
Anticipating the Demand for Rental Units in a Post-Pandemic World
While the COVID-19 pandemic is far from over, potential vaccine announcements do make it seem like we are close to combating the virus. Experts have already started looking at what our economy will look like post-pandemic. The coronavirus has affected almost every industry, and commercial real estate was no exception. Activities that were once done in person are now done virtually, and many of the conferences and gatherings we look forward to every year have been canceled.
Fortunately, experts do anticipate that the demand for rental units will be fairly high once the pandemic comes to an end. However, they also anticipate that there will be significant changes to the process of renting and what properties are going to be in demand. These changes come from the three ways the pandemic has changed housing and work:
So what potential changes are likely to occur in the post-pandemic rental market? Based off the impact of these three factors, it’s likely that those who are going to continue to work from home will need housing with a space to work. If they share their home, they may be looking for units with an extra bedroom that could be used as a private office space. It can be harder to find these larger spaces in city centers. Another factor here is that a large number of people have been financially impacted by the pandemic. They may no longer have the finances to live downtown. This may result in a large shift to suburban areas.
Finally, in many areas, the construction of new apartment units has consistently fallen behind the demand for such units. This is still true today, which could result in a housing shortage. This does limit the risks to downtown complexes, somewhat, due to the fact that renters may simply not be able to find a unit that meets all of their needs.
In order to keep our family, friends, and investors updated with what we’re currently working on and what our future plans are, we will be sending out a short newsletter every month. This newsletter will contain highlights of our most recent accomplishments and activities, a short article on a topic you may find interesting, and an update on where we stand with certain projects. We hope you find these newsletters helpful.
November in Review
While the month of November only recently ended, we accomplished a lot during that quick holiday month. We issued letters of intent for two complexes in San Antonio, one with 90 units and another in the central part of the city with 100 units. We underwrote a number of properties in Austin, San Antonio, New Braunfels, Corpus Christi, Beaumont, and McAllen. Underwriting properties takes up about 80 percent of our work, and out of those properties we underwrite, we write a letter of intent for one out of about every 100.
We also tour about half of the properties we underwrite. In November, we toured a 140-unit complex in northern San Antonio and two complexes in the southern part of the city, one with 380 units and one with 250 units.
Perhaps the biggest accomplishment from November, though, was the launch of our new commercial real estate brokerage. Accelerated Commercial Real Estate allows us to more easily buy and sell multifamily properties and expand our business. You can find out more about it at www.acceleratedcre.com.
Anticipating the Demand for Rental Units in a Post-Pandemic World
While the COVID-19 pandemic is far from over, potential vaccine announcements do make it seem like we are close to combating the virus. Experts have already started looking at what our economy will look like post-pandemic. The coronavirus has affected almost every industry, and commercial real estate was no exception. Activities that were once done in person are now done virtually, and many of the conferences and gatherings we look forward to every year have been canceled.
Fortunately, experts do anticipate that the demand for rental units will be fairly high once the pandemic comes to an end. However, they also anticipate that there will be significant changes to the process of renting and what properties are going to be in demand. These changes come from the three ways the pandemic has changed housing and work:
- More people may ask or look for positions that allow them to work from home, shifting the demand for housing near downtown or business centers.
- More people looking for more space, leading to a higher demand for single-family homes and less demand for small apartments.
- A shift in what a person needs from their home due to working from home.
So what potential changes are likely to occur in the post-pandemic rental market? Based off the impact of these three factors, it’s likely that those who are going to continue to work from home will need housing with a space to work. If they share their home, they may be looking for units with an extra bedroom that could be used as a private office space. It can be harder to find these larger spaces in city centers. Another factor here is that a large number of people have been financially impacted by the pandemic. They may no longer have the finances to live downtown. This may result in a large shift to suburban areas.
Finally, in many areas, the construction of new apartment units has consistently fallen behind the demand for such units. This is still true today, which could result in a housing shortage. This does limit the risks to downtown complexes, somewhat, due to the fact that renters may simply not be able to find a unit that meets all of their needs.