Feb 16, 2024 | Media, PR
As a featured guest on RENTV’s Commercial Real Estate Talk with Steve and Arnie, CEO Edward Ring discussed a range of multifamily real estate topics, including:
- How he got his start in multifamily real estate and his first major deals.
- How NSE finds and finances new investments.
- NSE’s property turnaround strategies.
- Insights on the current multifamily markets in California and Washington.
- And more.
Watch the interview here.
Jan 16, 2024 | Media, PR
As a guest on the How Did They Do It? Real Estate podcast, CEO Edward Ring discussed how he built a thriving real estate company and critical issues investors should be aware of, including things to consider before investing in a specific market; risks, mistakes and challenges in the multifamily space; and regulations in California.
Listen to the episode “Managing Risks and Promoting a Collaborative Culture for a Victorious RE Company” here.
Oct 26, 2023 | Media, PR
What’s going on in multifamily lending is a challenge and both borrowers and lenders are trying to adjust. In an interview with GlobeSt, CEO Edward Ring explained current financing hurdles and how New Standard Equities is changing its strategies.
“Everything that can pencil to today’s debt yields that lenders are requesting means that we’re effectively 50% or 55% leverage, which is missing the mark on some of our assets that went through the pandemic eviction moratoria cash shortfalls,” Ring commented. “Assets weren’t performing. On some of our properties, it’s fine. On some it’s challenging to get to the level of debt we need to finance or make it pencil for the equity yields.”
New Standard Equities typically passes on bank financing for non-bank entities “because we refer to borrow on a non-recourse basis and banks usually have a recourse component,” Ring said. “We have had banks in the past, but sometimes banks get caught up in their own portfolio problem and wind up pulling back from credit, like now. For example, a bank loaded with office-related loans probably won’t be too interested in financing multifamily.”
Ring added that he’s also seen “lenders trying to stretch, trying to make it palatable for whatever the borrower is trying to do. However, they will add terms like interest rate floors so they can consider their own cost of money when making a variable-rate loan. It’s matching that capital to the business plan and having some certainty around what the cost is.”
He noted that it appeared the industry was caught off guard. “Not that interest rates moved but so much happened so quickly. I think most people expected 200 to 300 basis points and this was a 500-basis point movement that was too much to bear too quickly.”
Read the full GlobeSt.com article here.
Oct 26, 2023 | Media, PR
In partnership with the Asia Society of Southern California (ASSC) and UCLA Anderson Forecast, CEO Edward Ring spoke on the panel “Transpacific Residential Real Estate Horizon: Insights and Innovative Strategies,” offering his expert perspective on investment and management of residential properties in urban areas in the U.S. and Asia. The program examined the ever-evolving world of the residential real estate industry, including multifamily residents, value-add strategies, workforce housing opportunities, the rental market and transportation infrastructure.
The panel was held on September 26, 2023, at the Marion Anderson Hall UCLA Anderson
School of Management.
Oct 6, 2023 | Media, PR
New Standard Equities COO Julie Blank joined the Multifamily Insights podcast to share her strategies and advice on effective operations, key considerations for investors, construction management and asset management, navigating the real estate industry and much more.
“I think it’s important that you as an investor or you as the owner stay involved in a weekly update on the business strategy, execution and where you are, and that should really come from your asset manager,” Blank said.
Listen to the episode “Best Practices to Manage Properties, Construction & Assets” here.
Sep 18, 2023 | Media, PR
COO Julie Blank speaks on the Women’s Small Group Meeting panel at the IMN 6th Annual Middle-Market Multifamily Forum (West) addressing inherent challenges, success stories, mentorship, career & personal balance and leadership topics geared toward women in multifamily real estate.
With a program uniquely targeted to small and mid-sized owner/operators, the conference offers a deep dive into all of the issues, opportunities, strategies and trends impacting multifamily investors.
The conference is held September 19-20, 2023, in Carlsbad, CA at the Park Hyatt Aviara Resort. Learn more here.
Recent Comments