InterFace Panel: Affordable Housing Deal Flow Gains Momentum as Brokers Turn Bullish
ATLANTA — For much of the past two years, affordable housing transactions in the Southeast moved at a measured pace, slowed by severe cost burdens on both renters and prospective buyers and widening supply deficits. But inside this year’s InterFace Affordable Housing Southeast show, a networking and information conference held at The Westin Buckhead Atlanta on May 12, the tone has shifted. Phones are ringing again, deals are re-entering the pipeline and investors are showing a renewed willingness to chase affordable housing opportunities across the region. Editor’s note: InterFace Conference Group, a division of France Media Inc., produces networking and educational conferences for commercial real estate executives. To sign up for email announcements about specific events, visit www.interfaceconferencegroup.com/subscribe. Rachel Chapman, national account executive of Stewart Title Guaranty Co., moderated the discussion, entitled “Brokers, Buyers and Capital.” The investment sales panel notably reverted to a subject and question that’s shaping much of today’s affordable housing market: with elevated borrowing costs and general economic uncertainty, why is transaction activity accelerating? Necessitating that question for developers and brokers are the thorns still present in the industry, such as the lengthy process of securing and pricing loans, interest rate volatility and capital markets shifts. Even with these headwinds,…
ATLANTA — For much of the past two years, affordable housing transactions in the Southeast moved at a measured pace, slowed by severe cost burdens on both renters and prospective buyers and widening supply deficits. But inside this year’s InterFace Affordable Housing Southeast show, a networking and information conference held at The Westin Buckhead Atlanta on May 12, the tone has shifted. Phones are ringing again, deals are re-entering the pipeline and investors are showing a renewed willingness to chase affordable housing opportunities across the region. Editor’s note: InterFace Conference Group, a division of France Media Inc., produces networking and educational conferences for commercial real estate executives. To sign up for email announcements about specific events, visit www.interfaceconferencegroup.com/subscribe. Rachel Chapman, national account executive of Stewart Title Guaranty Co., moderated the discussion, entitled “Brokers, Buyers and Capital.” The investment sales panel notably reverted to a subject and question that’s shaping much of today’s affordable housing market: with elevated borrowing costs and general economic uncertainty, why is transaction activity accelerating? Necessitating that question for developers and brokers are the thorns still present in the industry, such as the lengthy process of securing and pricing loans, interest rate volatility and capital markets shifts. Even with these headwinds,…
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