Several months ago, our vacancy rate had bumped up a bit due to our big expansion and all the rehab work underway, but it was still only 4.7%.

A surge of just over 7,300 of units broke ground within the past 4-5 months.Based on those 62 properties underway, we believe approximately 6,000 units will be delivered for occupancy in 2023 with between 8,000 and 9,000 units delivered in 2024.For context, our data indicates 2,241 units in 21 properties were delivered for occupancy in the market in 2022 with 2,016 units in 11 properties delivered in 2021.The last two years reflected dramatically higher unit deliveries than any year on record.

As the rules stand, it’s between them and the IRS, unless they voluntarily disclose like Caliber.Big projects announced in area opportunity zones include Caliber's redevelopment project in downtown Mesa, a soccer stadium near Tempe, workforce housing and an expensive apartment high-rise in downtown Phoenix, a hotel in Avondale and rental homes in Tempe and Glendale.Other projects underway that could tap the tax break include the massive Southbridge II project in Scottsdale, a Nike shoe factory in Goodyear and an Amazon delivery station in Goodyear.Here is a rundown of some known projects, by city.Nike is opening a manufacturing plant near Van Buren Street and Yuma Road in Goodyear.

I am an active multifamily investor/developer with two development projects under way.

There's nearly $1 billion in commercial development underway downtown Sarasota (mostly luxury condos/apartments).

We have 3 more projects currently underway and/or looking for funding partners.  

Hello BP Community,   I am underway in my real estate journey.

First, congrats on getting the second project underway!

I have two of these underway right now...As others have stated, the regulatory space on any of these can be complicated and you should seek professional guidance before selling.

Refi was underway with the appraisal 1 week later.