3 Potential Tax Law Changes that Would Affect Investors. 1. Raising capital gains 2. Elimination of substantial reduction of tax-free estate transfer upon death; and 3. Elimination of the 1031 tax deferred exchanges
Meanwhile, apartment owners face their own crises. The mom-and-pop landlords who rent out older and often more affordable small complexes were less likely to receive federal aid in the form of forbearance for federally-backed mortgages. And only about one-third of smaller property owners have federal loans, said Bob Pinnegar, President and CEO of the National Apartment Association.
Calibrate Real Estate is excited to announce a new multifamily opportunity in the Uptown neighborhood of Denver: 1660 Franklin Street. Call 303-358-4250 to gain more information on this property from Kyle Malnati
Denver Commercial Monthly Recap: At the end of last week, the Denver residents fighting to preserve the Carmen Court complex, at 900 E. 1st Ave., agreed to withdraw their application asking the city to designate the structure a landmark.
Denver Commercial Monthly Recap: The CDC’s order notably didn’t include financial help for landlords, forcing many to consider selling their properties as rents go unpaid. This could ultimately cause an even greater loss of affordable housing.
Dr. Seuss said, “don’t cry because it’s over; smile because it happened.” It is with mixed emotions that we announce the departure of the Johnson Piretti Team from Calibrate Real Estate. While we will miss our daily comradery and collaboration, we look forward to the new opportunities that the future presents.
Everyone has been asking us, “how has COVID-19 impacted other apartment operators?” Further, how are the leaders of Denver’s apartment industry navigating this pandemic?
Six years after breaking the $100,000/unit price point, Central Denver apartments averaged over $204,000/unit in 2019. We calculate the average price per unit annually from Central Denver’s transactions between 10-100 units, excluding sales of recently constructed projects.
Central Denver appears to be headed for another record year of apartment sales prices. To many observers it might seem that nearly everything is selling for $200,000+ per door; but are they really?
Denver’s apartment market has been on the rise for nearly a decade. That run has some investors worried that we are now “late in the cycle”, anticipating that an inevitable downturn is on the horizon. However, there are several reasons to believe that the market will continue to push ahead.