Calvera Insights

Inflation and Interest Rates Continue to Make Apartments Attractive

By Brian D. Milovich / August 22, 2023

Subsequent increases in the Fed Funds rate are going to continue to put upward pressure on mortgage rates, which will continue to exacerbate the growing unaffordability of single-family homes.

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Is Negative Leverage Losing Steam?

By Brian D. Milovich / August 22, 2023

The apartment market is at a standstill, and the numbers show it. As of Q2 2023, multifamily transaction volume (i.e., sales of apartment buildings) is down 71% compared to a year ago and is on par with activity back in 2009, in the middle of the Great Financial Crisis when there was more fear in…

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Why Form a REIT Now?

By Brian D. Milovich / August 22, 2023

Our investors are always looking for ways to be invested in cash-flowing real estate at all times. In the most efficient manner possible. The Calvera Income and Growth Fund is just that, and we believe that the timing is just right – given the current and pending distress in the market. Learn why…

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Do You Know Who You’re Investing With?

By Brian D. Milovich / August 17, 2023

Crowdfunding is safe, right? Not always. This article details one company’s involvement in a bad investment that resulted in bankruptcy proceedings, lawsuits and the termination of a CEO. Learn how the Calvera Income and Growth Fund is nothing like crowdfunding, it’s about transparent financials.

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How Calvera Became a Value-Add Apartment Investor

By Brian D. Milovich / July 20, 2023

There aren’t many groups like Calvera in the Twin Cities, and I am curious how much the local real estate market and one’s experiences shape their outlook on risk and opportunity.

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Trust, but Verify

By Brian D. Milovich / May 31, 2023

The front page of the Wall Street Journal recently showcased what can happen to trusting individual investors when a real estate syndicator’s internet savvy is combined with inexperience in a turbulent market. A syndicator based in Dallas, TX, who at one time amassed an apartment portfolio of 7,000 units worth $500 million, recently lost a…

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Distressed Apartment Properties: A New Wave of Deals is On the Way

By Brian D. Milovich / May 16, 2023

Gain a better understanding of the forces behind today’s apartment property distress—and why a new wave of deals ready to hit the market may be a direct result of over-leveraged owners.

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What It Means When Apartment Demand Plunges In The Urban Core

By Brian D. Milovich / November 13, 2020

Across the country, people have found a way, sometimes with the help of federal stimulus, savings or installment plans, to make their rent payment. In instances where the rent burden is too great, people have moved back in with family, added roommates or relocated to a lower-cost community. As the National Multifamily Housing Council (NMHC)…

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Are There Any Value-Add Deals Left?

By Brian D. Milovich / April 7, 2020

Where have all the value-add deals gone now that we’re 10 years past the Great Recession? Certainly, there will be a new set of opportunities as a result of the economic shutdown from the coronavirus. However, the traditional apartment building in need of significant renovation in a quality submarket has largely vanished. It seems like…

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14 Up-and-Coming Real Estate Locations To Watch

By Brian D. Milovich / January 13, 2020

In major global cities, the real estate market is caught in a high-demand, low-supply cycle. That’s why many real estate investors are looking in other areas to diversify their property portfolios. There are a few factors to consider when looking for the best areas to invest in, such as affordability and population growth. To help…

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