Economic Trends

Why Invest in Multifamily in Austin, Texas

No. 2 Fastest-Growing Austin, TX is ranked as the second fastest-growing large metro area nationwide Austin's strength is partly fueled by its youthful population. A quarter of the metro's residents are aged 20–34 according to a recent CoStar market study. The young, educated workforce has attracted businesses offering high-paying jobs, boosting the median household income above the national average and...

Gen Z on the Move: How Changing Demographics Are Shaping Multifamily Demand

The landscape of the multifamily market is undergoing a significant shift as Generation Z  — the generation born between the mid-1990s and early 2010s — enters adulthood. This generation is poised to become the driving force behind rental demand, fueled by their population boom, economic realities, and distinct lifestyle preferences. Gen Z is a larger generation than Millennials — the generation...

Steady Performance in the Suburbs: Venue Apartments Deliver Reliable Returns

Anchored by a 19,000-square-foot ALDI store, Roers Companies’ Venue Apartments also features 134 market-rate homes, bringing amenity-rich living to the heart of Chanhassen’s downtown area. Venue’s location offers incredible convenience for residents to walk to shops and restaurants or utilize the Southwest Transit hub just steps from the property’s doors. This type of development was the first of its kind...

Workforce Housing: Axle Apartments Shows the Power of Smart, Sustainable Housing

One of Roers Companies’  largest multifamily projects completed to-date, Axle Apartments, welcomed residents to its 262-unit community in Spring 2022. A northern suburb of Minneapolis, Fridley is a well-established and well-connected community, which made this site an attractive opportunity for Roers Cos. Axle Apartments is a workforce development that targets the underserved “middle” tier of renters earning approximately 80% of...

The Apartment Apocalypse? Unmasking the Myths of Multifamily Investing in 2024

Amid the blaring noise of information throughout 2023, there have been many conflicting perspectives regarding real estate, construction, and interest rates that make it difficult to discern the truth. This makes it challenging for most to paint a clear picture of what we can expect in the multifamily landscape in 2024. In the paragraphs to follow, we’ll take a precise...

Record-Breaking $160M Sale of Havenwood Senior Living Communities

In 2017, Roers Companies recognized a growing need for full continuum-of-care senior housing and began developing a series of communities — Havenwood Senior Living — to meet the demand. Roers Cos. was presented with the award for Top Senior Housing in the West Metro by the Minnesota Real Estate Journal for the first senior living community in the portfolio, Havenwood...

Maven Apartments: A New Era for Burnsville, Minnesota

When Roers Companies learned the city of Burnsville had not seen a new apartment development since 2006, they knew the demand for their 137-unit apartment complex — Maven — would draw incredible interest from local residents. The adjacency to transit coupled with pent-up demand from a lack of development in the primary market area yielded a recipe for success. Situated...

Multifamily Real Estate: The Sweet Spot of Risk and Reward

Recent economic headlines on inflation, interest rates, and bank instability have led many individuals to pull back from new investments altogether. As a result of the economic rollercoaster we’ve experienced over the past few years, their focus has shifted primarily toward more stable, “safe” investment options. Investor appetite for risk has shrunk throughout 2023. But opportunistic investors know now is...

Beyond Brings 98% Return to Investors

Located just outside of St. Paul, Minnesota, Woodbury proved to be a stellar location for the 255-unit community, Beyond Apartments. Roers Companies’ development team sought out this location for many reasons, one of which was the city’s growth and focus on new developments. Roers Cos. was able to capitalize on this momentum and growth. This two-building (four- and five-story) property...

Economic Outlook and Impact on Multifamily

The U.S. economy is facing a number of challenges including high inflation, rising interest rates, and a downgrade of the country's credit rating. However, business leaders should not be alarmed by these headlines. A similar downgrade occurred in 2011, and while market dynamics are different to then, these developments are most commonly associated with the back side of the natural economic cycle. When this cycle...

How An Off-Market Sale Delivered 137% Return on Equity 

In 2020, Roers Companies’ development team saw potential in land being marketed for sale in Lakeville, Minnesota. Despite the uncertainty brought on in the early days of the COVID-19 pandemic, our team moved forward and purchased the land for what would become Northlake Lofts. The opportunity was too good to pass up. At the time, Lakeville was number one for...

Debunking 5 Common Housing Market Myths

How does this impact Roers Cos.?On a recent project, the lender increased our rate from the 5.5% we had originally agreed on to 6.0% — a $500,000 hit to our budget. We chose to move ahead at the higher rate.Why? As the project general contractor, we were in a prime position to navigate seasonal and market shifts. We’ve already garnered...
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Investment opportunities for new multifamily projects are now open.

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