MidPen Cuts Ribbon on 62-Unit Oak Gardens Veterans Housing at Menlo Park VA Campus
Why this matters
Commercial real estate continues to digest a multi-year reset in cost of capital. Transaction velocity is below the 2019-2021 trend but improving, cap rates have stabilized across most stabilized property types, and the bid-ask gap has narrowed materially in the past two quarters. Sponsors with permanent capital and operating platforms have an advantage in the current execution environment. The next twelve months will continue to reward underwriting discipline and operational sophistication over balance-sheet aggression.
Editorial analysis · Real Estate Trail Editorial
MidPen Housing and its public and private partners formally opened Oak Gardens on Nov. 13, putting 62 permanent supportive homes for veterans and their families, 55 of them prioritized for people leaving homelessness,…
External link. Real Estate Trail does not republish source content.
More from the wire
Should Portfolio Acquisition Require Action From Dream Industrial REIT (TSX:DIR.UN) Investors?
The Retail Opportunity Hotels Keep Missing
Founders of Basecamp Resorts and Nomada Hotel Group share lessons on building profitable hotel retail programs, from product curation and merchandising to vendor strategy and proprietary branding.
Proposed Costco Would Anchor Sprawling 10-Store Shopping Center on Congested, Wooded Palm Coast Parkway
Downtown Panama City to get new waterfront apartment complex
Camber, RiseBoro Cut the Ribbon Bushwick Affordable
Camber Property Group and RiseBoro Community Partnership cut the ribbon on 1601 Dekalb Ave., which transformed a former parking lot in Brooklyn’s Bushwick neighborhood into a 127-unit, 100%t affordable residential com…