North Park Ventures

North Park Ventures

房地产

North Park Ventures is a private equity firm specializing in value-added and opportunistic real estate investments.

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North Park Ventures (“NPV”) is a national private equity firm specializing in value-added and opportunistic real estate investments with offices in Chicago, Miami, New York City, and Minneapolis. Committed to achieving superior risk-adjusted returns, NPV targets middle-market opportunities in submarkets that display sustainable demand drivers, supply constraints, and natural barriers to entry. Our firm's investment principles are centered around untrended positive leverage, variable sensitivity, efficient capital structures, and consistent and timely distributions to our investors. As a vertically integrated real estate investment firm with property management, construction, leasing, and asset management in-house, NPV is able to streamline operations, reduce costs, and ensure the highest level of efficiency. By managing every aspect of our properties, we can optimize performance and create added value for our investors. Our vertically integrated model provides us with greater control over property performance and allows us to respond quickly to changing market conditions. This agility is crucial for adapting to evolving industry trends and ensuring the long-term success of our investments. Founded in 2017, NPV has acquired and developed over 45 assets, with $400MM of assets currently under management and over $500MM of development projects in the design or construction phase.

网站
https://www.northparkventures.com
所属行业
房地产
规模
11-50 人
总部
Chicago
类型
私人持股
创立
2017

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  • 查看North Park Ventures的公司主页，图片
    North Park Ventures

    1,749 位关注者

    We're very excited to announce the successful closing of a document storage warehouse facility located in Salt Lake City, UT earlier this week. The property is tenanted by Access Information?Management, the largest privately-held records and information management provider, and comprises nearly 70,000 SF with 20' clear heights, conveniently positioned less than eight miles from the Salt Lake City International Airport (SLC). This acquisition comes as another great addition to our industrial portfolio, as the Salt Lake City market has exemplified robust supply and demand fundamentals, making this investment poised for a strong risk-adjusted profile. If you are interested in learning more about our recent acquisition or investing in future acquisitions, please reach out!

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  • 查看North Park Ventures的公司主页，图片
    North Park Ventures

    1,749 位关注者

    We have multiple multifamily rehab and development projects in our pipeline that will be delivered in 2025 and 2026, right in time for a projected supply-demand imbalance due to the current environment. If you're interested in learning more, please reach out!

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    Jay Parsons Jay Parsons是领英影响力人物

    Rental Housing Economist (Apartments, SFR), Speaker and Author

    Here's yet another sign that apartment supply will plunge in the second half of 2025 and into 2026: Multifamily permits continue to drop off, and in January 2024 hit the lowest levels since the COVID lockdown era. And there's little reason to expect that storyline to change any time soon. Permits had been somewhat stickily elevated through 2023, even if well below 2021-22 peaks. We heard many developers pushed forward on pulling permits for various reasons, primarily on projects that had been rapidly advancing to that stage prior to hitting the wall of rising rates, falling lease-up rents and diminishing capital interest in ground-up development. Some developers were pushing to be "shovel ready" once capital returned. But that permitting pipeline is drying up. Total multifamily permits nationally fell below 34,000 units in January for the first time since April 2020 -- which, of course, was during the height of COVID lockdowns, partially closed municipal offices and heightened uncertainty. Starts also dropped off 40% in 2023 (compared to 2022), and developer surveys and declining permit volumes suggest even fewer starts in 2024. Some starts will continue (the pipeline isn't totally dry), with many of those having some type of affordable housing or attainable housing component -- where financing can still be available (though, of course, often quite complicated). When will permits and starts take off again? Probably no time soon. Think about what it would take. A material rise in permits and starts would first require rebounding apartment fundamentals -- especially for lease-ups to stabilize and rents to start climbing again. Given peak supply hitting this year and early 2025, that probably won't happen until mid-2025 at the very earliest... likely later. Additionally, construction lenders will need to see some eased regulatory pressure, and equity investors will want to see some decline in rates plus see market dynamics shift back where there's better yield on ground-up development than on chasing recent lease-ups. All that will take quite some time. Bottom line: This is all more evidence apartment supply will drop substantially in the second half of 2025, into 2026 and likely into 2027. And that should give confidence to operators and lenders banking on a market rebound over that time period. #multifamily #housing #apartments

    • multifamily permits

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