A Staggering $377M Industrial Deal

In partnership with

Raise capital faster with Agora

In just two quarters, Helu Capital increased their equity raised by 300% with Agora. They effectively marketed new investment opportunities, organized leads efficiently, and provided investors with seamless, customized online subscriptions. They also reduced subscription time by 50% while enhancing investor relations.

With Agora they were able to streamline their operations and achieve operational efficiency allowing them to focus on what matters most - growth.

Discover real growth with Agora.

New here? Join the newsletter (it's free).

More Young Adults Now Live with their Parents link

• In 2022, 17% of 25 to 35-year-olds lived with their parents, more than double the 7% in 1970. The housing affordability crisis is the primary driver behind this trend.

• Less than 20% of young adults currently living at home can afford local rent prices. This indicates a growing necessity, rather than a choice, for staying at home.

• The trend of young adults "staying in the nest" reflects the most significant shift since 1940, highlighting long-term economic challenges in the housing market.

Big Metro Multifamily Investors Most Optimistic About Cap Rates link

• Investors in large metro areas are increasingly optimistic about cap rates, with expectations of stability or slight increases in the near future. This outlook is driven by solid demand and limited new supply.

• Key markets like New York, Los Angeles, and Miami are seeing strong investor interest, fueled by consistent rental growth and relatively low vacancy rates. These conditions contribute to the belief that cap rates will remain favorable.

• Economic resilience in major cities is contributing to positive investor sentiment. However, concerns about potential interest rate hikes still loom, which could impact future cap rate trends.

A Staggering $377M Industrial Deal….by KKR link

• KKR has acquired a portfolio of industrial properties totaling 3.1 million square feet across six states, further solidifying its presence in the U.S. industrial sector. The acquisition reflects the ongoing strong demand for logistics and e-commerce infrastructure.

• The portfolio includes properties in key logistics markets such as Dallas, Houston, and Atlanta, cities known for robust industrial growth and strategic importance for supply chain operations.

• This acquisition is part of KKR's broader strategy to invest in high-quality industrial assets, driven by long-term growth trends in e-commerce and last-mile delivery needs. The firm now holds over 45 million square feet of industrial real estate in the U.S.

Lower Commission Rates Damage Profitability for Brokerages link

• Falling commission rates are squeezing profit margins for real estate brokerages, forcing some to downsize or close offices. This trend is particularly evident in highly competitive markets where discount brokers are gaining ground.

• Traditional brokerages are struggling to justify higher commissions as technology-driven platforms offer lower-cost alternatives. The shift toward online and tech-savvy services is accelerating, pressuring brokerages to adapt or face declining revenues.

• Companies are increasingly cutting costs by reducing staff, streamlining operations, or renegotiating deals with agents. These moves aim to preserve profitability in an environment where consumers are less willing to pay traditional commission rates.

Median Home Price in Silicon Valley Hits $2M link

• The median home price in Silicon Valley has reached $2 million, underscoring the region's intense housing demand and limited supply. This marks a significant threshold, reflecting the ongoing affordability crisis.

• Rising interest rates have not dampened demand, particularly among tech workers and affluent buyers. This suggests the area's economy continues to attract high-income residents despite higher mortgage costs.

• The price surge is leading to greater socio-economic disparities, with many middle-class families being priced out. Nearby cities like San Jose and Santa Clara are also seeing price increases, though not as steep as Silicon Valley.

EliseAI Achieves Unicorn Status With $75M Series D Round link 

• EliseAI's valuation has surpassed $1 billion, officially making it a unicorn, with Sapphire Ventures leading its $75 million Series D funding round.

• The company's platform automates operations across millions of rental units and is now expanding into the healthcare sector, with significant partnerships and accelerated growth, including a 2.5x increase in annual recurring revenue.

• EliseAI is now active in 1 out of every 12 multifamily units in the U.S. and partners with nearly 75% of the top 50 multifamily owners, highlighting its broad impact on the housing sector.

Fannie Mae economists expectations for 2024 home sales

This Suburb Is the Nation’s Hottest Housing Zip Code Based on Demand

Southeast Region’s Apartment Supply Numbers

This Market is seeing more people ‘unretiring’ due to living costs

Amenities Every Rich Buyer Moving to Texas is Looking for.

List of Proptech Startups That Just Got Funded

Mapped: Violent Crime Rates by U.S. State

This New Jersey home comes with a farm, but it’s the best kind of farm.

(Anyone said, Llamas?!)

Link to the listing

That's all folks. Let me know what you think of the email. Quite a lot went into it. If these emails aren't for you anymore, you can unsubscribe here.

Cheers,

Vidit

Linkedin | Instagram

P.S - Read past newsletters here