Just Closed! 152 Units in Irving, TX

We are proud to announce the closing of Pioneer Crossing Apartments, a 152 unit B Class property in Irving, TX for $4,450,000! MBP Capital, Inc. served as the buyer’s broker to assist in closing this value-add deal with huge upside. This deal was a 1031 exchange  financed with a 63% LTC loan provided by Wells Fargo.  The property will be upgraded with new interior cabinets and flooring and all deferred maintenance on the interior and exterior will be cured.

To learn more about MBP Capital, Inc and how we serve multifamily investors, please visit our website at www.mbpcapital.com. If you are yet to be a client of ours but would like to be, please click here for further details.

Just Closed! 74 Units in Hurst, TX

We are proud to announce the closing of Cavender Manor Apartments, a 74 unit C Class – REO property in Hurst, TX for $1,400,000!  MBP Capital, Inc. served as the buyer’s broker to assist in closing this value-add deal with huge upside. This deal was financed with an 65% LTC loan provided by a local lender.  Upon stabilization, the cap rate will be 11%+ with a $400,000+ increase in sweat equity.

To learn more about MBP Capital, Inc and how we serve multifamily investors, please visit our website at www.mbpcapital.com.  If you are yet to be a client of ours but would like to be, please click here for further details.

The Coming Rental Housing Wave

The multifamily market continues to benefit from changing demographics and consumer attitudes towards renting.  As the housing market continues to falter more people are resorting to rental housing versus buying a home.  Through the 12 months ending mid-2011, the Census Bureau reported a net increase of 1.4 million households that moved into rental housing.  This represents a 4% increase in the number of tenant households in the past year.

Full Story:  http://bit.ly/t9R703

JUST CLOSED! 105 Units in Denver, CO

Monaco Square Apartments & Townhomes

We are proud to announce the closing of Monaco Square Apartments, a 105 unit C+ class property in Denver, CO for $6,000,000! MBP Capital, Inc. served as the buyer’s broker to assist in closing this value-add deal with huge upside.

To learn more about MBP Capital, Inc and how we serve multifamily investors, please visit our website at www.mbpcapital.com. If you are already a client, please remember to check our fully vetted DFW and Denver inventory. If you are yet to be a client of ours but would like to be, please click here for further details.

Increase in Commerce, Population Heats Up Texas Real Estate Market

There is no denying the latest census information that revealed an overwhelming large amount of population growth and job creation throughout the great state of Texas during the last five years. As other real estate markets were tanking, Texas’ was growing and will continue to grow and drive demand in the decades to come. Here are just a few of the factual highlights you’ll find in the new Texaplex video located at:   Texas RE Investment Video

•Nearly half of all new jobs, since 2009, we’re created in Texas.

•The annual economic output of Texas exceeds 1 trillion dollars, and that number is climbing.

•If the entire 7 billion population of the world moved to Texas, there would be more than 1100 sq feet for every man, woman, and child on the planet. That’s 4.5% more space than what New York City dwellers are already used to.

•In the 2010 census, Texas had over 25 million residents. But by 2030, Texas will grow to 40 million residents. That’s like unloading four jumbo jets every day—for the next 19 years, and no one has a return flight. That’s good news for us Realtors who will find these new residents a place to live!

A special thanks to David Winans of Better Homes and Gardens for sharing this video with us!

Despite Poor Job Market, Apartment Demand Continues to Rise

Vacancy rates are dropping all over the country.  Even in tight markets like Minneapolis and Portland vacancy rates are all under 4%.  This is somewhat strange as job creation is typically the driver of apartment demand.  In this case the low vacancy rates are a result of the lack of supply of apartment units.

As development funding was difficult to come across for the past few years we have seen the amount of new projects drop off greatly.  Along with the lack of supply, plummeting home values have left some potential buyers wary of buying.  The depleted housing market has also led to many people losing their homes to foreclosure and re-entering the renting market.

Full Story:  http://bit.ly/pLH23G

Check Out MBP Capital’s New Listing!

Candlelight Apartments is a 128 unit, two-story community. Tenants benefit from amenities which include both in-unit washer and dryer hook-ups and an on-site community clothes care facility, a pool, an on-site management and maintenance staff, central HVAC, and more! In addition, approximately 70% of the units have been upgraded and the property was repainted in 2003. The tenants pay for electricity through individually metered accounts while the property pays for the water and gas usage, although they are billing back for water.

Property Site:

http://bit.ly/r4U5fi

Loopnet Listing:

http://bit.ly/nQXcDo

Contact Ryan Heddleston if you have any interest.

Ryan@mbpcapital.com

Cell:  (214) 766-4126