CAPRE’s Commercial Real Estate Headlines for February 13, 2020: Yardi Forecasts Steady Multifamily Growth, Zillow Finds Renters of Color More Likely to Pay App Fees

Check out the latest deals and developments in commercial real estate for February 13, 2020: Yardi Matrix Report Highlights Steady Multifamily Market Growth: A steady national job market and positive demographic trends suggest that the U.S. multifamily market's long run of consistent performance will continue, according to a new market analysis from Yardi Matrix. With the occupancy rate of stabilized properties remaining near 95% and wages growing at a reasonable level, "rent gains should remain healthy in most metros" in 2020, the report says. Downsizing baby boomers and household-forming millennials have fueled demand. Yardi Matrix anticipates that new supply will approach 300,000 units this year, led by tech centers and popular lifestyle markets such as Seattle, Denver, Raleigh, N.C., and Nashville, TN. Affordability is a growing problem and the high cost of rents is "starting to put a strain on increases in many of the higher-cost metros," according to the report. Other potential tailwinds include slowing economic growth in Europe and China, trade tensions with Beijing and unrest in the Middle East. But barring a major shock, "the fundamentals of supply, demand and cost of capital remain very well balanced and indicate continued steady growth for the foreseeable future." Mohr Capital Develops Multiuse Site For GAF In Michigan City, IN: Mohr Capital, a Dallas-based privately held real estate investment firm, has broken ground on a 200,000-square-foot office and warehouse facility with 23 acres of concrete storage capacity for GAF Materials…