Dylan Simon -- Kidder Mathews
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Dylan Simon -- Kidder Mathews
I specialize in the sale of apartment buildings in Seattle and the greater Puget Sound region.  I focus on the sale of both apartment buildings and developable land ranging from $1M to $100M. I am passionate about real estate investment and development, economics, technology and urbanism. Through brokerage I assist apartment investors and developers in achieving the highest possible levels of return and build an advisory relationship that lasts ownership life-cycles instead of just a transaction.
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Top Markets for Apartment Rent Growth Shuffle in January -- Seattle rides-high at #6 in the nation

Top Markets for Apartment Rent Growth Shuffle in January -- Seattle rides-high at #6 in the nation | Dylan Simon -- Kidder Mathews | Scoop.it
For the first time in several months, the local market leaderboard for rent growth has shuffled around and welcomed a few newcomers.
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Top Markets for Apartment Rent Growth Shuffle in January -- Seattle rides-high at #6 in the nation

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CRE INVESTMENT TRENDS  :: Commercial Real Estate investors rushing to place capital before expected slowdown later this year as presidential election looms

CRE INVESTMENT TRENDS  :: Commercial Real Estate investors rushing to place capital before expected slowdown later this year as presidential election looms | Dylan Simon -- Kidder Mathews | Scoop.it
In Chicago and nationally, commercial real estate investors, brokers and lenders all agree that the industry will see strong activity for the first half of 2020. However, dynamics such as a decelerating economy, trade conflicts, labor availability and the presidential election may turn some actors into fence-sitters by the second half of the year.
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CRE INVESTMENT TRENDS  :: Commercial Real Estate investors rushing to place capital before expected slowdown later this year as presidential election looms

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LATEST TRENDS IN CRETech & PROPTech :: CRE Players Finally Adapting Proptech, Survey Claims

LATEST TRENDS IN CRETech & PROPTech :: CRE Players Finally Adapting Proptech, Survey Claims | Dylan Simon -- Kidder Mathews | Scoop.it
Proptech solutions are now helping investors understand acquisition risks, providing greater transparency around property comps and streamlining leasing and other transaction processes, according to Chicago-based Scott Morey, executive director of The Atlus Group. For example, Morey cites Reonomy, a software for comparable property analysis, property valuation and lead generation.
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LATEST TRENDS IN CRETech & PROPTech :: CRE Players Finally Adapting Proptech, Survey Claims

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WHAT DO CRE LENDERS HAVE TO SAY ABOUT 2020?  :: Nine Takeaways from the MBA CREF 2020 Conference

WHAT DO CRE LENDERS HAVE TO SAY ABOUT 2020?  :: Nine Takeaways from the MBA CREF 2020 Conference | Dylan Simon -- Kidder Mathews | Scoop.it
Risk mitigation on new loans and proptech adaption in the mortgage sector were among the key topics discussed on Tuesday.
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WHAT DO CRE LENDERS HAVE TO SAY ABOUT 2020?  :: Nine Takeaways from the MBA CREF 2020 Conference

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APARTMENT MANAGEMENT TIPS :: Gen Z Residents Reshape Multifamily Operations

APARTMENT MANAGEMENT TIPS :: Gen Z Residents Reshape Multifamily Operations | Dylan Simon -- Kidder Mathews | Scoop.it
She said that this youngest population cohort, whose first telephones were smart phones, wants “instant approvals,” so leasing agents “must get better.” GenZers “don’t understand why it takes three days” to find out whether they’ve passed muster and can move in, she warned.

Marketers also must do a better job if they want to attract this group, according to Good. They’re the most diverse generation and they are extremely open-minded,” she said. “They’re collaborative, in control, unique, authentic and inclusive.”
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APARTMENT MANAGEMENT TIPS :: Gen Z Residents Reshape Multifamily Operations

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APARTMENT MANAGEMENT STRATEGIES -- DIGITAL :: Four Digital Marketing Trends to Watch in Property Management

APARTMENT MANAGEMENT STRATEGIES -- DIGITAL :: Four Digital Marketing Trends to Watch in Property Management | Dylan Simon -- Kidder Mathews | Scoop.it
Developers continue to push new product into the pipeline, while property managers and marketers are watching several new digital marketing trends and preparing as Gen Z, the first “digitally native” generation, enters the workforce and finds apartment homes. Here are four major digital trends to watch for in property management right now
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APARTMENT MANAGEMENT STRATEGIES -- DIGITAL :: Four Digital Marketing Trends to Watch in Property Management

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Multifamily Developers Find Less Space for Parking :: How parking impacts overall building occupancy and sales pricing

Multifamily Developers Find Less Space for Parking :: How parking impacts overall building occupancy and sales pricing | Dylan Simon -- Kidder Mathews | Scoop.it

The amount of parking spaces that apartment communities need is also likely to change. The rise of ride-sharing services have already trimmed some of the need. Uber and other ride sharing apps have drastically changed how apartment tenants get to and from their homes.

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Multifamily Developers Find Less Space for Parking :: How parking impacts overall building occupancy and sales pricing

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APARTMENT INVESTMENTS REMAIN A GOOD BET IN 2020 :: Why Multifamily Is Primed for More Growth in Years Ahead

APARTMENT INVESTMENTS REMAIN A GOOD BET IN 2020 :: Why Multifamily Is Primed for More Growth in Years Ahead | Dylan Simon -- Kidder Mathews | Scoop.it
The sector had a strong year in 2019, with multifamily rents finishing with a 3% growth rate, according to Yardi Matrix. Year-over-year growth remained between 3.0% and 3.3% the entire year, it noted. Also, despite deliveries of roughly 300,000 units for the year, the occupancy rate for stabilized properties was 94.9% as of November 2019, down only 10 basis points over the last year. “The healthy job market, averaging 180,000 new jobs per month, and the unemployment rate of 3.5% helped produce steady absorption,” it said.
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APARTMENT INVESTMENTS REMAIN A GOOD BET IN 2020 :: Why Multifamily Is Primed for More Growth in Years Ahead

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APARTMENT MANAGEMENT PRACTICES :: Appealing to the Modern Renter’s Economic Mind, from industry expert Lynn Owen

APARTMENT MANAGEMENT PRACTICES :: Appealing to the Modern Renter’s Economic Mind, from industry expert Lynn Owen | Dylan Simon -- Kidder Mathews | Scoop.it
Today’s world is all about convenience and speed—we are all looking for ways to make our lives easier and more efficient and it is no different for the modern renter. It is up to multifamily operators to ensure they are delivering a leasing and living experience that not only meets the demands of today but exceeds the expectations of tomorrow.
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APARTMENT MANAGEMENT PRACTICES :: Appealing to the Modern Renter’s Economic Mind, from industry expert Lynn Owen

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COMMERCIAL REAL ESTATE CAPITAL :: Real Estate Private Equity Fundraising Tumbles in Q4 2019 -- investor struggle to find yield

COMMERCIAL REAL ESTATE CAPITAL :: Real Estate Private Equity Fundraising Tumbles in Q4 2019 -- investor struggle to find yield | Dylan Simon -- Kidder Mathews | Scoop.it
Real estate funds closed in the fourth quarter of 2019 totaled $18 billion, the Wall Street Journal reported, citing data from Preqin. That’s down from the $47 billion raised in the third quarter and was the slowest quarter since 2013.
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COMMERCIAL REAL ESTATE CAPITAL :: Real Estate Private Equity Fundraising Tumbles in Q4 2019 -- investor struggle to find yield

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MULTIFAMILY LENDING ::  Intense competition for apartment loans has Non-Agency Lenders scuffling for Agency Market Share

MULTIFAMILY LENDING ::  Intense competition for apartment loans has Non-Agency Lenders scuffling for Agency Market Share | Dylan Simon -- Kidder Mathews | Scoop.it
The multifamily market becomes more and more liquid every year — projected to reach $390 billion in originations in 2020, up from a mere $250 billion just a few years ago in 2015, according to projections released by the Mortgage Bankers Association (MBA) in September 2019. Together, Fannie Mae and Freddie Mac, the government-sponsored enterprises that guarantee a tidal wave of multifamily debt, are poised to corner just over 40 percent of the market this year.
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MULTIFAMILY LENDING ::  Intense competition for apartment loans has Non-Agency Lenders scuffling for Agency Market Share

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SEATTLE TECH JOB GROWTH :: Convoy continues rapid growth with 100 hires in 2 months -- one of my FAVORITE "efficiency" companies continues rapid tech-hiring in Seattle!

SEATTLE TECH JOB GROWTH :: Convoy continues rapid growth with 100 hires in 2 months -- one of my FAVORITE "efficiency" companies continues rapid tech-hiring in Seattle! | Dylan Simon -- Kidder Mathews | Scoop.it
Company co-founder and Chief Technology Officer Grant Goodale said Convoy currently has more than 900 employees. Founded in 2015, Convoy raised a $400 million Series D round in mid-November, driving the digital freight network’s valuation to $2.7 billion. At the time of the funding round, Chief Product Officer Ziad Ismail said the companywide headcount was about 800.
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SEATTLE TECH JOB GROWTH :: Convoy continues rapid growth with 100 hires in 2 months -- one of my FAVORITE "efficiency" companies continues rapid tech-hiring in Seattle!

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What Keeps Multifamily Investors Up at Night?  A recent poll shows one common concern ... cash flow!

What Keeps Multifamily Investors Up at Night?  A recent poll shows one common concern ... cash flow! | Dylan Simon -- Kidder Mathews | Scoop.it

Their number one concern was property-level cash flow, he says. “It makes sense of course. When properties are trading at such low cap rates owners need to be right about their assumptions.”

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What Keeps Multifamily Investors Up at Night?  A recent poll shows one common concern ... cash flow!

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Rent Divide Widens Between Major and Small Markets -- it pays to investment in major, thriving multifamily markets, #seattle

Rent Divide Widens Between Major and Small Markets -- it pays to investment in major, thriving multifamily markets, #seattle | Dylan Simon -- Kidder Mathews | Scoop.it
The difference in average monthly rents in major markets and small markets has widened over the past 10 years and continues to grow.
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Rent Divide Widens Between Major and Small Markets -- it pays to investment in major, thriving multifamily markets, #seattle

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APARTMENT DEVELOPMENT TRENDS :: Investors Are Increasingly Redeveloping Urban Parking Lots, re purposed at multifamily development sites

APARTMENT DEVELOPMENT TRENDS :: Investors Are Increasingly Redeveloping Urban Parking Lots, re purposed at multifamily development sites | Dylan Simon -- Kidder Mathews | Scoop.it
As cities try to discourage car use, investors see greater redevelopment opportunities for parking lots and garages.
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APARTMENT DEVELOPMENT TRENDS :: Investors Are Increasingly Redeveloping Urban Parking Lots, re purposed at multifamily development sites

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THE NEW MODEL FOR APARTMENT LEASING -- TECH ENABLED, FLEXIBLE USE  ::  Landing, a Flex Rental Startup, Raises $30M to Fund Expansion

THE NEW MODEL FOR APARTMENT LEASING -- TECH ENABLED, FLEXIBLE USE  ::  Landing, a Flex Rental Startup, Raises $30M to Fund Expansion | Dylan Simon -- Kidder Mathews | Scoop.it
Landing has a portfolio of roughly 300 furnished apartments, which are available to rent for 30 days or more, in nine cities. An annual membership allows members to conveniently move within the Landing network. “If you want to move to a different neighborhood or a new city or whatever, you can transfer anytime in three days notice,” founder and CEO Bill Smith told Commercial Observer. 
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THE NEW MODEL FOR APARTMENT LEASING -- TECH ENABLED, FLEXIBLE USE  ::  Landing, a Flex Rental Startup, Raises $30M to Fund Expansion

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Thinking of Building Modular? Remember These 7 Tips | Multifamily Executive Magazine

Thinking of Building Modular? Remember These 7 Tips | Multifamily Executive Magazine | Dylan Simon -- Kidder Mathews | Scoop.it
Rick Holliday had to build his own factory. His lessons make it easier for you to make the plunge.
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Thinking of Building Modular? Remember These 7 Tips | Multifamily Executive Magazine

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APARTMENT DEVELOPMENT PIPELINE :: Multifamily Faces a Packed Development Pipeline, up 10% y-o-y

APARTMENT DEVELOPMENT PIPELINE :: Multifamily Faces a Packed Development Pipeline, up 10% y-o-y | Dylan Simon -- Kidder Mathews | Scoop.it
Other research companies expect even more new apartments than CoStar—ReaPage estimates the number of units opening as 370,942 in 2020. That’s up 50 percent from 246,779 counted by the firm in 2019. Both years are a substantial increase from the rate developers opened new apartments over the last decade of roughly 200,000 a year.
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APARTMENT DEVELOPMENT PIPELINE :: Multifamily Faces a Packed Development Pipeline, up 10% y-o-y

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FOREIGN INVESTMENT IN APARTMENT SECTOR :: Multifamily Cross-Border Investment Still Going Strong

FOREIGN INVESTMENT IN APARTMENT SECTOR :: Multifamily Cross-Border Investment Still Going Strong | Dylan Simon -- Kidder Mathews | Scoop.it
Cross-border investment in the sector totaled $12.1 billion during 2019, according to the latest data from Real Capital Analytics (RCA), accounting for 6.6 percent of the total U.S. apartment market. Investment volume declined more than 26 percent year-on-year but was still significantly higher than the average for the past decade.
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FOREIGN INVESTMENT IN APARTMENT SECTOR :: Multifamily Cross-Border Investment Still Going Strong

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SEATTLE TECH EMPLOYMENT :: Seattle's Information Job Sector Shows Continued Strong Growth as Large Tech Firms Continue Expansions

SEATTLE TECH EMPLOYMENT :: Seattle's Information Job Sector Shows Continued Strong Growth as Large Tech Firms Continue Expansions | Dylan Simon -- Kidder Mathews | Scoop.it
Seattle’s information sector has seen marked improvement in recent months, with the highest levels of employment since the last recession, according to the Bureau of Labor Statistics’ preliminary jobs report. Facebook, Google and Microsoft all fall under the sector, and each have plans to expand significantly in the future.
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SEATTLE TECH EMPLOYMENT :: Seattle's Information Job Sector Shows Continued Strong Growth as Large Tech Firms Continue Expansions

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APARTMENT MARKET DYNAMICS :: Apartment Occupancy Strengthens in Most Large Apartment Markets in 2019, showing stable market despite supply concerns

APARTMENT MARKET DYNAMICS :: Apartment Occupancy Strengthens in Most Large Apartment Markets in 2019, showing stable market despite supply concerns | Dylan Simon -- Kidder Mathews | Scoop.it
Occupancy across most U.S. apartment markets looks even better than it did one year ago, and nearly all the nation’s largest markets are now recording rates above the effectively full mark of 95%.

While annual occupancy growth was relatively mild at 40 basis points (bps) in the U.S. overall, momentum was notably stronger – at 80 or more bps – in 11 of the nation’s largest 50 apartment markets.
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APARTMENT MARKET DYNAMICS :: Apartment Occupancy Strengthens in Most Large Apartment Markets in 2019, showing stable market despite supply concerns

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UPDATES FROM THE APARTMENT INDUSTRY'S LARGEST ANNUAL EVENT :: Apartment Investors Share Tactics for Shifting Market

UPDATES FROM THE APARTMENT INDUSTRY'S LARGEST ANNUAL EVENT :: Apartment Investors Share Tactics for Shifting Market | Dylan Simon -- Kidder Mathews | Scoop.it

Multifamily assets maintain high status among investors, second perhaps only to industrial assets. A new investor class taking greater interest in the sector is foreign capital, a trend that is still in its early stages.

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UPDATES FROM THE APARTMENT INDUSTRY'S LARGEST ANNUAL EVENT :: Apartment Investors Share Tactics for Shifting Market

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Multifamily Pros Work to Unlock the Value of Historic Buildings

Multifamily Pros Work to Unlock the Value of Historic Buildings | Dylan Simon -- Kidder Mathews | Scoop.it
Landmark buildings often sit on some of the most desirable locations in their markets. That especially true as developers return to once-neglected downtowns and waterfronts in cities from Brooklyn, N.Y., to Nashville, Tenn. Because a historic designation typically prevents demolition, the only way that owners can tap the value of their properties is through renovation.
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Multifamily Pros Work to Unlock the Value of Historic Buildings

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SEATTLE JOB GROWTH :: Kaiser Permanente investing $1 billion in three Puget Sound projects ... with $750M directed in First Hill & Yesler Terrace

SEATTLE JOB GROWTH :: Kaiser Permanente investing $1 billion in three Puget Sound projects ... with $750M directed in First Hill & Yesler Terrace | Dylan Simon -- Kidder Mathews | Scoop.it
Kaiser Permanente shares details of $1 billion Puget Sound investment that will bring new projects to Seattle's Yesler Terrace and to Everett.
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SEATTLE JOB GROWTH :: Kaiser Permanente investing $1 billion in three Puget Sound projects ... with $750M directed in First Hill & Yesler Terrace

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SEATTLE APARTMENT DEVELOPMENT :: Seattle black-owned company to develop part church property in CD -- CONGRATS to GardnerGlobal for its commitment to the Central District!

SEATTLE APARTMENT DEVELOPMENT :: Seattle black-owned company to develop part church property in CD -- CONGRATS to GardnerGlobal for its commitment to the Central District! | Dylan Simon -- Kidder Mathews | Scoop.it
GardnerGlobal said Monday it is under contract to buy Mount Calvary Christian Center's parking lot and teen building at 1429 23rd Ave., across the street from the congregation's church building. GardnerGlobal subsidiary Onpoint Real Estate will lead development of the six-story, mixed-income project with community space.
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SEATTLE APARTMENT DEVELOPMENT :: Seattle black-owned company to develop part church property in CD -- CONGRATS to GardnerGlobal for its commitment to the Central District!

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