Demand for Dementia Care Spurs Development

WALNUT CREEK, CA  -- Demand for seniors housing units is intensifying thanks to a rapidly improving housing market, reports Marcus & Millichap.

The sharp increase in home prices over the past year fueled by historically low interest rates has boosted confidence among sellers and reduced the number of homeowners underwater on their mortgages significantly.

According to housing tracker Zillow, the percent of homeowners that are upside down has plunged by 600 basis points year over year to 25.4 percent. 

 The percentage change represents more than 2 million homeowners who have been freed from negative equity, providing the impetus for many seniors to sell and relocate into independent living facilities.

In fact, occupancy in both independent living and CCRCs is anticipated to rise this year, spurring rent growth in both product types.

Assisted living facilities will also record an increase of demand, though a wave of construction in some areas will cause the national occupancy level to retreat modestly.

The Southeast and Texas, in particular, could see softening conditions due to the prevalence of newly constructed assisted living facilities, including many with dementia care units.

For a complete copy of the company’s news release, please contact:

Gina Relva

 Public Relations Manager

 Marcus & Millichap

2999 Oak Road

Suite 210

Walnut Creek, CA 94597

 (925) 953-1700 ext. 1716

(510) 999-1284 mobile

(925) 953-1710 fax

gina.relva@marcusmillichap.com

 Follow us at http://www.Twitter.com/mmreis

Enticing Yields Draw Investors to Manufactured Housing

WALNUT CREEK, CA -- Demand for affordable housing options and financing for owners to purchase manufactured units are filling park vacancies and

boosting operations throughout the country, according to new research from Marcus & Millichap.

 As financing remains difficult to obtain for many potential homeowners, more manufacturers and local banks are providing lending for park owners to purchase multiple manufactured homes.

These homes are then offered as lease-to-own to prospective residents. In addition to first-time home buyers, demand is also up as the baby boomer generation ages into retirement, an age when many seek a second home.

The need for manufactured housing is especially high in metros that lack affordable housing or where sizeable job growth can overwhelm the existing housing supply. Areas near shale deposits, such as eastern Ohio, south

Texas and western North Dakota are examples.

Manufactured home parks in most areas of the Midwest will remain hindered by competition from affordable housing prices. However, demand, occupancy rates and cash flows in most areas of the nation are improving.

As a result of the increased demand, shipments of manufactured homes are up compared with this time last year, a trend that is likely to continue as housing prices throughout the nation escalate.

For a complete copy of the company’s news release, please contact:

Gina Relva

 Public Relations Manager

 Marcus & Millichap

2999 Oak Road

Suite 210

Walnut Creek, CA 94597

 (925) 953-1700 ext. 1716

(510) 999-1284 mobile

(925) 953-1710 fax

gina.relva@marcusmillichap.com

 Follow us at http://www.Twitter.com/mmreis

Marcus & Millichap Forecasts Capital Pursues Hotel Sector Upswing

WALNUT CREEK, CA – Marcus & Millichap forecasts a solid, though muted, pace of economic growth will drive improvement in national hotel performance in 2013. Nationwide,

Hotels are riding positive momentum early in the second half of 2013. Record room nights in July signal strong results for the peak summer season and indicate that leisure travel has suff ered little from reduced take-home pay due to higher payroll taxes.

The outlook for the sector remains upbeat through the second half of the year as the economic momentum, despite hurdles, remains sturdy and development remains contained. 

However, given the hotel industry’s penchant for overbuilding, the recent increase in construction projects underway in some markets and chain scales merits monitoring.

Some oil and gas markets, and upscale chains in particular, bear a higher risk of over-development. Outside of a few states and chain scales, however, construction lenders are generally choosing well-sponsored properties and chain scales that meet under-served demand in a market and are forsaking projects where demand does not justify additional supply .

For a complete copy of the company’s news release, please contact:

Gina Relva

 Public Relations Manager

 Marcus & Millichap

2999 Oak Road

Suite 210

Walnut Creek, CA 94597

 (925) 953-1700 ext. 1716

(510) 999-1284 mobile

(925) 953-1710 fax

gina.relva@marcusmillichap.com

 Follow us at http://www.Twitter.com/mmreis