News You Can Use

The Times They Are A Changin’

Silicon Valley and Peninsula multifamily properties have been some of the nation’s most popular property types for years, and demand across Class A, B and C communities is still very strong – as has been rent growth and value appreciation. Add in a low-interest-rate environment and we are seeing cap rates at sub-4 percent, even …

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Opinion: Rent Control Fallout

TheRegistrySF.com By Michael Shields San Jose’s apartment building owners are smart and hardworking, but few are wealthy. They are simply people who have saved enough money to buy an investment property they hope will generate income and appreciate, as any investment might. Most take pride in their buildings and want to offer clean and well …

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Updated Rent Control Decreases Cash Flow

By Lisa Brown – GlobeSt.com SAN JOSE—An updated rent control ordinance reduces annual increases to 5%, eliminates the catch-up rent exception and debt pass-through, and places greater restrictions on passing through capital improvement costs, as discussed in this EXCLUSIVE. The adoption of San Jose’s new rent control ordinance is, of course, having an impact on …

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The Reality of Rent Control in San Jose

In markets that struggle with a high cost of living, rent control is promoted as an almost providential gift — financial relief provided by municipalities, for its citizens. Unfortunately, there are long-term realities of rent control that most multifamily owners and investors (not to mention economists) warn are not worth their long-term consequences. With the …

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Silicon Valley Multifamily Group Facilitates the Sale of a 20 Unit Apartment Complex in Santa Clara

Silicon Valley Multifamily Group (SVMG) announced today that it has facilitated the sale of the Evergreen Apartments, a 20-unit, two-story apartment complex in Santa Clara. The property sold for $6M, or $300,000 per door, and a 4.0% cap rate on current income. An investment client of SVMG, The Powaii Family Partnership, sought assistance in their …

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