Coldwell Banker Premier Realty

Investor 2.0

Another Phase in An Evolving Market
Posted by John McClelland on March 24, 2016 in  Capitalization Rates  Investors  Las Vegas Real Estate Investment  Mom and Pop Investors  REIT
The Las Vegas area experienced a wave of investor activity in the 2010 - 2014 years, normalizing greatly in 2015 as traditional buyers grew in share of overall sales. At the peak of investor activity, nearly half of all single family closings within the multiple listing service utilized cash. Currently, 23.5% of single family sales closed with cash, many of these investors. So while investor activity has clearly dwindled from just three years ago, there remains a lingering interest in single family homes as an inve... read more
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Investor Activity

A declining but still large component
Posted by John McClelland on March 25, 2014 in  investors  REIT  single family
Investors played the largest role ever in the Southern Nevada housing market.  In the spring of 2013, cash sales were over fifty-percent of single family transactions.  Presumably, a majority of these cash sales were made by investors. Private investors, many of whom fall into the “mom & pop” category of investors, have always been a significant component of our market.  Recently, institutional investors, often from the private equity world, have taken a large position in the Las Veg... read more
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REIT M & A

Some recent activity
Posted by John McClelland on October 24, 2013 in  Cole  Colonial  MAA  REIT
Some analysts have noted weak M & A activity in REITs throughout the past year. One common reason is the lack of willing sellers. Pretty natural result in this interest rate environment. Scott Craig expands on some of these reasons here: http://www.reit.com/Videos/Analyst-says-REIT-MA-Activity-Lags-Due-to-Lack-of-Sellers.aspx Recently Cole Real Estate and American Realty Capital Partners merged. Housewire has the details: http://www.housingwire.com/articles/27597-cole-real-estate-to-merge-into-american-real... read more
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Notes on SFR REITs

Posted by John McClelland on October 06, 2013 in  REIT  single family
Just finished reading a transcript of a Silver Bay discussion at the JPM Securities Financial Services and Real Estate Conference. Here is one interesting quote    "But again, the institutional ownership that you read about in the papers is still very small, perhaps a 100,000, maybe 150,000 homes have been purchased over the past three, four years, and that's just tiny in comparison to the overall markets. So, we see a great deal of growth opportunity and consolidation going forward."    Th... read more
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Las Vegas Residential Investment

REIT, Private Equity and Small Investors
Posted by John McClelland on July 08, 2013 in  Capitalization Rates  distressed housing  Investment Real Estate  Las Vegas  REIT  Single Family Rental
We are now in the third quarter and therefore within a reporting cycle that summarizes recent trends. One such report is our Las Vegas Residential Investor IQ report, for the summer season, which examines the single family rental market. This report features: Vacancy and time on market trends Rental rates Capitalization rates Factors that influence investments such as lender owned inventory, default activity, age of inventory and seasonal patterns. Real estate investment terms and concep... read more
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