Robin Kane Senior Vice President Hendricks-Berkadia
Investments & Multi-Family Robin C. Kane is Senior Vice President with Hendricks-Berkadia, a national apartment advisory firm. Prior to joining Hendricks, Robin was the founding partner of RCK Organization. Client list included the FDIC, Sentinel Real Estate, State Street Bank, Bank of America, Lend Lease, Heitman Financial, Legacy Partners, AIMCO, Downey Savings, UDR, Inc. and America First. Since he appeared in 2013 Real Estate Forecast, Robin has transacted on over 1,700 units totaling more than $100,000,000.
2013 In Review % Rate rise was the biggest story in 2013 • Sales pace slowed in June but fully recovered in 4th Q • Lenders slowed, but accelerated production in 4th Q • BUT Core Market values INCREASED (Cash, less leverage) Fresno MSA Apt Sales hit another new level • Sales have surpassed $120M, highest since 2006! • 35 Sales in 2013 vs. 19 sales in 2012 Demand outpacing available supply • Best of Breed Caps in 2nd mkts same as core markets • CA Tertiary Markets: More liquid than 2nd Markets outside CA • New buzzword: Value Funds Equilibrium finally returning to CRE Investing • Non-residential CRE increased faster than Multifamily
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REal Esate Forecast