Throughout 2018, Rhode Island’s single family home market was characterized by demand outpacing supply. In May 2018, the Rhode Island Association of Realtors reported the state’s median single family home price reached $275,000, a 10% increase over the previous May. And, late 2018 reports showed home values were still rising, particularly on the East Side of Providence. With residents left to explore other housing options – and with a continued statewide focus on economic development and business expansions on the horizon – 2019 looks to be another strong year for multifamily investment real estate in Rhode Island. Read more

Between the launch of the Hartford Line and welcoming new businesses to downtown, 2018 has been a strong year for the Hartford submarket. Appealing to both young professionals and empty nesters who crave walkable communities with easy access to public transit, highways and retail, Hartford has become an increasingly popular area to live, thanks in part to a wide array of cultural amenities and a citywide focus on improved walkability. Read more

Did you know that 22 million people in the U.S. live in manufactured homes? Manufactured housing ranks among the country’s largest sources of unsubsidized affordable housing. Boasting lower costs per unit, less tenant turnover and decreased competition among investors, manufactured housing can offer investors viable investment opportunities. As multifamily investors seek avenues for diversifying their portfolios, manufactured housing (otherwise referred to as trailer parks) is one often overlooked opportunity for achieving this objective. Read more

Connecticut, Massachusetts, New York and Rhode Island are all home to Qualified Opportunity Zones (QOZ) where investors can benefit from tax incentives on qualifying investments. QOZs, which are designated by a state’s governor for a 10-year term and determined based upon low-income census tracts, are often home to land prime for development and existing assets prime for adaptive reuse. Read more