Brentwood, California’s City Council is considering banning self-storage within its city limits. While not all storage facilities are architectural jewels, we’re always surprised how storage projects can become political flashpoints. There is upside for those projects that are approved: political supply constraints severely limit new competition, supporting higher and sometimes very high rents. It's an ironic outcome for the constituents of cities that ban new projects. https://lnkd.in/gFZHY6Zk
Battery Alexander Realty Capital
房地产
Oakland，California 186 位关注者
Equity, construction loans, and bridge loans in middle market commercial real estate
关于我们
For over half a decade, Battery Alexander Realty Capital has invested in and lent on middle-market commercial real estate development and redevelopment throughout the United States. Our programs include: - LP equity for residential, self-storage and industrial projects - Preferred/GP equity for residential, self-storage and industrial projects - Up to 100% loan to cost loans on pre-leased development including retail, industrial, medical, and office projects - High leverage construction and bridge loans for self-storage projects - Bridge loans for residential, retail, industrial, medical, and office projects We invest in and lend on ground-up construction projects, value-add projects, and stabilized projects that require bridge equity or debt. Our team has substantial experience as equity investors, developers, general contractors, and lenders, and we pride ourselves on being responsive, efficient problem-solvers and great partners.
- 网站
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https://www.barealtycapital.com
Battery Alexander Realty Capital的外部链接
- 所属行业
- 房地产
- 规模
- 2-10 人
- 总部
- Oakland，California
- 类型
- 私人持股
- 创立
- 2015
- 领域
- Commercial real estate、Joint venture equity、100% LTC、Pre-leased development、Build-to-suit、NNN Retail、Industrial、Self-Storage、Apartments、GP Investments、NNN Development、Stretch senior lending、Ground-up development、Bridge loans和Creative financing
地点
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主要
获取路线
555 12th St
US，California，Oakland，94607
Battery Alexander Realty Capital员工
动态
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Battery Alexander Realty Capital转发了
CoStar reported last week that banks and other commercial real estate debt holders may start to sell more loans going forward. As a debt buyer, Battery Alexander is keenly following this news, but without strong expectations. Given the substantial challenges in office and some multi-family projects since the end of 2022, many in our business expected note sales to pick up 18 months ago. Actual transaction volume has been remarkably low, and it is unclear what will need to happen to change this dynamic. For any bankers or note sellers, please reach out if you are considering an NPL sale. We invest across the US and target mid-market assets with note purchase prices greater than $4 million. https://lnkd.in/ejvWQXfE
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CoStar reported last week that banks and other commercial real estate debt holders may start to sell more loans going forward. As a debt buyer, Battery Alexander is keenly following this news, but without strong expectations. Given the substantial challenges in office and some multi-family projects since the end of 2022, many in our business expected note sales to pick up 18 months ago. Actual transaction volume has been remarkably low, and it is unclear what will need to happen to change this dynamic. For any bankers or note sellers, please reach out if you are considering an NPL sale. We invest across the US and target mid-market assets with note purchase prices greater than $4 million. https://lnkd.in/ejvWQXfE
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Battery Alexander Realty Capital转发了
Inflation since 2020 has massively impacted commercial real estate development projects. Based on BLS data, steel and power distribution products are each up 70%-80% over the last 4 years. These increases reduce the amount of new housing projects and other desired real estate development. We are always impressed with creative developers and partners who find ways to manage costs while still completing attractive projects that serve tenant demand. https://lnkd.in/gD5SNbEK
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Inflation since 2020 has massively impacted commercial real estate development projects. Based on BLS data, steel and power distribution products are each up 70%-80% over the last 4 years. These increases reduce the amount of new housing projects and other desired real estate development. We are always impressed with creative developers and partners who find ways to manage costs while still completing attractive projects that serve tenant demand. https://lnkd.in/gD5SNbEK
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Interesting self-storage update from Yardi Matrix (May 2024). As most know, the US has added significant self-storage supply in recent years that is putting downward pressure on rental rates. But that’s not the whole story. In our experience, the city-level analysis misses the best investment opportunities for individual developers, investors and lenders. There are often undersupplied trade areas within an oversupplied city, usually due to the difficulty of finding a site or getting approvals. Storage developments in these locations will continue to be great deals regardless of national, regional or citywide averages.?