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Wrapping up summer with UES sponsoring the RISE Rooftop Crawl

RISE ROOFTOP CRAWL

What is it?!

Kansas City’s fifth annual rooftop crawl is an exciting and exclusive night to explore private rooftops all with unique eccentric themed parties benefitting nonprofit Big Brothers Big Sisters. 

When is it?! Aug 24, 6:00 pm

Come to the Crossroads to celebrate an evening full of networking, food, drinks, live entertainment and interactive experiences all with a rooftop view. The fun night ends with a spectacular block party on Walnut Street in front of the BBBS building.
This years theme is All Around the World!

Find out more information on how to join UES and get involved at www.bbbsrise.org 

Need any help with Commercial Real Estate transactions of any kind? UES is fully equipped to handle any of your needs.

Want to be kept informed of exciting events like this and other industry related events? Sign up for our newsletter to stay in the know!

Wrapping up summer with UES sponsoring the RISE Rooftop Crawl

/
RISE ROOFTOP CRAWL What is it?! Kansas City's fifth annual…

UES to sponsor CREW KC's 16th Annual Golf Classic!

/
Join us at CREW Kansas City's 16th Annual Golf Classic for an…

UES Investing in the Next Generation

/
UES employees were excited to sponsor a local event that raises…

Wrapping up summer with UES sponsoring the RISE Rooftop Crawl

RISE ROOFTOP CRAWL

What is it?!

Kansas City’s fifth annual rooftop crawl is an exciting and exclusive night to explore private rooftops all with unique eccentric themed parties benefitting nonprofit Big Brothers Big Sisters. 

When is it?! Aug 24, 6:00 pm

Come to the Crossroads to celebrate an evening full of networking, food, drinks, live entertainment and interactive experiences all with a rooftop view. The fun night ends with a spectacular block party on Walnut Street in front of the BBBS building.
This years theme is All Around the World!

Find out more information on how to join UES and get involved at www.bbbsrise.org 

Need any help with Commercial Real Estate transactions of any kind? UES is fully equipped to handle any of your needs.

Want to be kept informed of exciting events like this and other industry related events? Sign up for our newsletter to stay in the know!

Wrapping up summer with UES sponsoring the RISE Rooftop Crawl

/
RISE ROOFTOP CRAWL What is it?! Kansas City's fifth annual…

UES to sponsor CREW KC's 16th Annual Golf Classic!

/
Join us at CREW Kansas City's 16th Annual Golf Classic for an…

UES Investing in the Next Generation

/
UES employees were excited to sponsor a local event that raises…

UES to sponsor CREW KC’s 16th Annual Golf Classic!

Join us at CREW Kansas City’s 16th Annual Golf Classic for an unforgettable day full of golf, networking, and supporting a wonderful organization!

WHEN: AUGUST 15, 2019

WHERE: CREEKMOOR GOLF COURSE

TIME: 8:00 AM REGISTRATION, 9:00 AM SHOTGUN START

MORE DETAILS

CREW KC and Creekmoor Golf Course have joined together for a great annual event. The course offers players a championship challenge while CREW KC allows its guests and members high quality networking. This combination gives each player an opportunity to form long lasting connections and improve their game on and off of the course.

UES is thankful to support CREW through this fantastic event and all proceeds go to CREW Network Foundation to positively affect the future of women in commercial real estate.

Golf attire is required! Collared shirts and no jeans. All participants must be at least 18 years of age.

SCHEDULE:

8:00 AM – Registration
Registration & hitting area open

9:00 AM – Shotgun start
Four-player scramble format

Approximately 1:00 PM – Post-Golf Awards Lunch

LOCATION: 

Creekmoor Golf Course

1112 East 163rd St.

Raymore, MO 64083

Commercial and Multifamily Originations Set a Record by Rising to New Levels

In 2018 Multifamily and Commercial mortgage bankers closed a record $573.9 billion of loans, as stated by MBA’s 2018 Commercial Real Estate/Multifamily Finance Annual Origination Volume Summation.

And all of these factors below combined led to an eight percent increase in recorded Multifamily Lending compared to last year.

  • Growing property values
  • Low interest rates
  • Solid fundamentals
  • Strong appetites from both lenders and borrowers

Let’s Break Down the Numbers

  1. Commercial Bank portfolios led the capital source with responsibility of $174 billion loans.
  2. Then GSEs, Government Sponsored Enterprises; Freddie Mac and Fannie Mae witnessed the second highest amount of $142.3 billion.
  3. Followed by Life Insurance companies and pension funds, Commercial Mortgage-Backed Securities (CMBS) issuers, investment funds, Real Estate Investment Trust (REITS), and mortgage REITS.

In terms of Property Types…

  • Multifamily Properties at $266.4 billion had the highest of mortgage bankers’ origination volume.
  • Followed by retail properties, industrial, health care, office buildings, and hotel/motel.

First liens accounted for 96 percent of the total dollar volume closed. The reported dollar volume of commercial and multifamily mortgages closed last year was eight percent higher than the volume reported in 2017. Among repeat participants in the survey, the dollar volume of closed loans increased by four percent.”

Jamie Woodwell Vice President, Mortgage Bankers Association

With loan originations on the rise, the need for site assessments has never been more important. UES Consulting and our team of inspectors are well-versed in the demands of commercial and multi-family transactions and how thorough, time-sensitive Phase I Environmental Site Assessments and Property Condition Assessments can help the process run smoothly and close on time. If you are looking for a company to partner with on your Commercial Real Estate transactions of any kind, turn to our in-house engineers and environmental consultants to alleviate the burden of environmental issues and mitigate risks. 

 

Information by MBA, Click here to purchase the complete report.

Multifamily Housing Market in 2019

Checkout a summary of 2019 trends in Multifamily Housing Markets…

In Freddie Mac’s Multifamily research, they found that “performance in the multifamily market remained healthy during 2018, despite high levels of new supply entering the market. We expect this trend to continue into 2019, but with more modest growth in comparison to recent years.”

2018 ended up with solid rent growth and only modest increases in vacancy rates despite an elevated level of new supply. There are some weakness’s in individual markets and submarkets.

New supply will remain elevated through 2019 and into 2020 but rents and vacancies will continue outperforming historical averages due to robust demand related to the rising cost of homeownership, changing demographics and consumer preferences.”

Cap rates have slightly fallen over the past couple quarters but they expect cap rates to rise in 2019 if Treasury rates increase.

“Multifamily origination volume is projected to grow to $317 billion in 2019 driven by solid market fundamentals and strong investor demand for multifamily properties.” This figure exceeds 2018’s statistic by 3.9 percent.In conclusion, “we expect 2019 to be another strong year for the multifamily industry. Homeownership affordability constraints and consumer trends will continue to drive demand, while strong rent growth will support property price growth.”

For full analysis click here.

Commercial Real Estate Industry Booming