Today’s real estate landscape in Florida has been reshaped by the Live Local Act (Senate Bill 102 of 2023)  – a sweeping affordable housing law that preempts local zoning to encourage multifamily development. Background and Objectives of the Live Local Act Florida’s Live Local Act was signed into law in 2023 amid a statewide housing affordability crisis. With broad bipartisan support, the Act aims to spur the production of affordable and workforce housing  by removing local r

Introduction Student housing and senior housing represent two distinct niches in real estate, yet they share a common challenge: how to “right-size”  the program of facilities and services to balance market appeal and economic feasibility. Over-amenitize a property and you risk bloated costs that erode returns; under-program it and you may fall behind competitors or fail to meet tenant expectations. This report takes a deep dive into program right-sizing and services mix econ

Introduction Lenders financing multifamily properties today face a complex environment of record supply, shifting rents, and evolving tenant behaviors . Many assets are operating below their theoretical “stabilized” potential due to factors like loss-to-lease  (in-place rents trailing market levels) and rent concessions  offered to attract or retain tenants. These gaps between stabilized expectations and in-place reality can materially impact Net Operating Income (NOI) , debt

Executive Summary Scale & Market Position:  Blackstone Inc. (NYSE: BX) is the world’s largest owner of commercial real estate, with a global portfolio value exceeding $600 billion  and over 12,000 properties owned . Its real estate arm manages $339 billion of investor capital  and benefits from Blackstone’s total $1.21 trillion  in assets under management. This unparalleled scale provides diversification and access to capital, making Blackstone a bellwether in the CRE market.