Wilson (Willie) Alers
@W1lsonAlersCRE broker, consultant & investor focused on debt capital markets & inv. sales. Acq /refi debt & selling dev. sites. SoFL multifamily/condo “expert”
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📢 The Florida Housing Finance Corporation has updated its guidance on the Multifamily Middle Market Certification, a key part of the Live Local Act—a legislative initiative designed to boost affordable housing across Florida. 🏢 The Live Local Act offers a 75% ad valorem tax…
Good news for renters, and something to keep in mind for prospective Class C multi family investors.
*UPDATED AGAIN and STILL TRUE* When you build a lot of apartments, market-rate rents fall even in the most affordable (Class C) apartments. Across the U.S., 29 MSAs saw Class C rents fell >3.5%. In 26 of those, new apartment supply exceeds the U.S. average. Coincidence? Nope.
Is it just me or is anyone else bothered that people use the term “humbled” when they mean “honored” or “touched” or “appreciative”? Saying “I am humbled to be named Top XYZ of the year” doesn’t make sense to me. This week I was humbled when I found out I lost out on an…
I know #retwit will be inundated by the Fed news but I think there is more to celebrate/recognize than just the 50 bps. See below. TLDR - only 1 dissenter on the 50 bp cut (for 25 bp), 200 bp future cuts expected between now thru 2026... good luck to all out there!
SUMMARY OF FED DECISION (9/18/24): 1. Fed cuts interest rates by 50 bps for first time since 2020 2. Fed sees 2 more 25 basis point rate cuts in 2024 3. One Fed governor dissented for the first time since 2005 in favor of a 25 bps rate cut 4. Fed gained "greater confidence"…
GAME DAY @theirishcane @Cane_Fan @W1lsonAlers @realDonaldTrump @KamalaHarris @Cobratate @RealCandaceO @benshapiro @JohnHRuiz @ClubLifeWallet @Abella_Danger @dbhesq @LeBatardShow @DanielCane1970 @JDKCanes @CanesFootball
Yo
Ayyyyyyy
.
Someone asked about my work-life balance recently. Truth is, work is always on in the background, 24/7. Last week our family flew out to California to see family and friends in the Bay Area, and then we spent a few days in San Diego. It was our first “vacation” in a long time.…
Republicans: we will cut taxes! Democrats: where will the money come from? Democrats: $25k for first time home buyers! Republicans: where will the money come from? Repeat Weeeeeee
Same!
ATTENTION ANYONE WHO I HAVE NOT RESPONDED BACK TO IN THE PAST: It was not intentional and all you have to do is give me a poke. I’ve never in my life intentionally ghosted anyone I have been in active dialogue with.
For those developing in wood frame markets (or whose clients do) - is this actually showing up in hard cost budgets already? @dasmiamiCRE @OmarMora1es @LiferRealestate
BREAKING: Lumber prices have declined to their lowest level since the 2020 pandemic, down 80% in 2 years. Lumber is a leading indicator for the US housing market, global economic conditions, and inflation. The rapid drop in lumber prices suggests that the US residential…
Back on the market! Call or DM me!
JUST LISTED FOR SALE | Naranja Multi-Family Development Opportunity Contact @w1lsonalers for more info about the property or head to the link in bio. #ForSale #DevelopmentOpportunity #Developers #DWNTWNRealtyAdvisors #MarketLeaders #CommercialRealEstate #SouthFloridaCRE #Miami
A lot of people celebrating the US Treasury yields coming down as it should help CRE transactions. However, I have not seen a good explanation. Is it simply more demand for US treasuries pushing the coupon down? If so, who is buying that is making the massive impact?
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RetailRE
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East 13 Official
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South Florida Industrial Advisors
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Jimmy Dugan
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