• Get the Cycle Right

    Humans (and, for that matter, computers programmed by humans) are horrible at predicting the future. When it comes to underwriting and valuing commercial real estate, we tend to overestimate upturns (expansion cycles) and, while we are in them, overestimate downturns (contraction cycles). How can we better underwrite apartment buildings over hold periods? When human intervention

    Read more »
  • Built to Last

    As we enter into 2019, we do so with much uncertainty in a variety of markets – to name a few: political, economic, social, and capital. In the Seattle region, despite national or global headwinds / concerns, we’ve benefited from a near-endless stream of “good news” for almost the entire decade. The Great Recession is

    Read more »
  • Five Themes for 2019

    It’s December and time to take stock of 2018 – another year that came and went in a flash. This past year was notably one of highs and lows, and in the apartment market, as of late, we are not used to hearing of lows. Seattle was named the nation’s fastest growing tech hub, yet,

    Read more »
  • 3 Important Headlines

    There is simply so, so much noise in any given marketplace – especially those involving financial markets. Given the quantum of information available for consumption, we’ve trained ourselves to skim headlines, and from there glean conclusions – often to our detriment (or at least to the detriment of an objectively, predictably accurate conclusion). For example,

    Read more »
  • PRESS RELEASE: John Winthrop Apartments in Seattle’s First Hill Neighborhood Sells for $18.2 Million

    October 30, 2018, Seattle, WA – Dylan Simon and Jerrid Anderson of Colliers International’s Seattle Multifamily Team closed the sale of The John Winthrop Apartments in Seattle’s First Hill neighborhood on Monday, October 29, 2018. The sales price of the apartment building was $18,220,000, equating to $230,633 per unit and approximately $425 per net rentable square

    Read more »
  • New Ballgame

    We all generally read the same headlines – “The Market is Booming” and “Rents Are Skyrocketing” – almost immediately followed by, “The Sky is Falling” and “Rents are Plummeting”. In a truly rational world, little of what journalists (most of whom are inexperienced in any aspect of investing and/or economic analysis) write would matter. Yet,

    Read more »
  • Micro Myths…Busted

    Several years ago, Seattle gained fame as the “Micro Apartment” capital of the nation. However, once a fast-acting City Council plugged what was considered a loophole in the building code, most all the buzz faded. All the while, a market of micro-apartment units continued to perform—err, outperform—amidst a sea of market-rate apartment units, the darling

    Read more »
  • Where Apartment Rents Remain Hot!

    Whether rental rates are shooting through the roof or dropping like a lead balloon, journalists are busy in the news room churning out sensationalized headlines. And in the ever-watched Seattle apartment market, no audience is more poised to stand at the ready for sensationalism: “Seattle rents continue to skyrocket!” “Apartment rental rates fall for the

    Read more »

Back to Top