Club Capital

05/13/2025

The multifamily sector is experiencing a significant upswing, with investment volumes rising by 33% year-over-year to $28.8 billion in Q1 2025—the highest first-quarter total since 2022. This surge marks the multifamily sector as the leading asset class in commercial real estate investment for the quarter.

A notable factor contributing to this growth is the sharp decline in the national vacancy rate, which dropped to 4.8%—the largest first-quarter decrease on record. Net absorption reached 100,600 units, the highest quarterly figure since 2000, while new completions fell to 71,000 units, down from 120,000 in the previous quarter. This indicates that demand is outpacing supply, a trend expected to continue as construction slows.

With vacancy rates stabilizing across all asset classes and rent growth beginning to accelerate, the multifamily sector appears poised for sustained growth in the coming quarters.

It may take several more quarters of demand exceeding supply before multifamily rent growth accelerates.

05/01/2025

The multifamily sector is showing real signs of resilience as we move deeper into 2025. Yes, the past year brought a historic wave of new supply—592,000 units delivered in 2024 alone—but that momentum is already tapering off, setting the stage for a much more balanced market ahead.

GlobeSt reports that new construction is slowing, with about 750,000 units expected over the next two years. This shift comes just as renter demand is holding steady and Treasury yields are easing—opening the door for improved refinancing conditions.

Even in markets that faced short-term rent softening, the fundamentals remain healthy. Markets with tighter supply and higher barriers to entry are holding up especially well, and overall, the sector is still supported by long-term demographic and economic tailwinds.

Multifamily isn’t just weathering the storm—it’s positioning itself for a smarter, more sustainable phase of growth.

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It may take several more quarters of demand exceeding supply before multifamily rent growth accelerates.

04/25/2025

After a historic wave of apartment deliveries, the multifamily sector is entering a new phase—and fast. According to Bisnow, roughly 576,000 units were completed over the 12 months ending March 2025. But going forward, construction is expected to drop sharply.

By the end of 2025, completions are projected to fall to 431,200 units, with even fewer expected through 2028—potentially dipping below historical norms. Why the slowdown? Rising interest rates have significantly cooled developer activity, making new projects tougher to finance.

Some of the biggest drops in permits are showing up in the Sun Belt:
🔻 Austin: -40%
🔻 Phoenix: -39%
🔻 Jacksonville: -66%

What does this mean going forward? With fewer new units coming online and absorption still strong, rent growth may accelerate in the coming years. Investors are already responding, scooping up newly delivered properties at discounts—often well below replacement cost.

The multifamily market is shifting—from peak expansion to a period of tightening supply. And that could mean real opportunity.

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Curious about learning more about CRE market trends and Club Capital's upcoming opportunities? Visit our website, schedule a call, or register for our preferred investor club!

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The 576,000 new apartments that came online in the last 12 months are down from the total in December and are projected to continue to decline.

04/14/2025

The multifamily sector is gaining momentum in early 2025, with several tailwinds signaling a shift toward market balance. According to GlobeSt, apartment absorption jumped 35% in Q1 compared to the same time last year, with over 137,000 units absorbed. While new supply slightly outpaced demand, the national vacancy rate held steady, a sign that the market is absorbing new deliveries more efficiently.

This marks the fifth consecutive quarter where the gap between supply and demand has narrowed, highlighting a trend of improving fundamentals. With construction activity slowing and renter demand rebounding—fueled by job growth, wage increases, and stabilizing interest rates—many in the industry see this as a turning point.

These dynamics are creating tailwinds for the multifamily sector, offering a more optimistic outlook for the rest of 2025. If the trend continues, investors and operators alike may finally see a more sustainable and stable operating environment ahead.

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Curious about learning more about CRE market trends and Club Capital's upcoming opportunities? Visit our website, schedule a call, or register for our preferred investor club!

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Apartment absorption rose 35% in the first quarter.

04/08/2025

New population data confirms what we've been seeing on the ground: Austin’s suburban counties are driving the region’s growth, and they’re quickly evolving into dynamic, self-sustaining cities.

Williamson and Hays counties each grew by 3.7% over the past year, ranking among the fastest-growing large counties in the U.S. Williamson alone added nearly 26,000 residents. Bastrop and Caldwell counties also posted strong gains. Together, these four counties accounted for 73% of the metro’s total growth, while core Austin (Travis County) contributed just 27%.

This trend reinforces our strategic focus: investing in high-growth, secondary markets where population gains, affordability, and infrastructure investment are all converging.

As rising costs push people beyond urban cores, we're finding real opportunities in the places they’re heading—markets like Georgetown, Leander, and Kyle. These areas offer strong fundamentals, expanding demand, and room to grow.

We believe the next decade of growth in Central Texas will be written in the suburbs—and we’re investing accordingly.

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Curious about learning more about CRE market trends and Club Capital's upcoming opportunities? Visit our website, schedule a call, or register for our preferred investor club!

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03/25/2025

Is the Sun Belt Rental Market Finally Bouncing Back?

After a period of rent declines across the Sun Belt, the market is starting to show signs of stabilizing! While oversupply had pushed rents down in many cities, the pace of those declines is slowing, and some areas are even seeing a return to growth.

Houston is a standout, with rents climbing 0.7% over the past year, bringing the average to $1,274. Strong job growth and population gains—paired with a slowdown in new construction—are helping bring balance back to the market. Experts predict that as rental prices level out, the Sun Belt will continue to attract new residents, driving demand for multifamily housing.

Looking ahead, fewer new apartments are being built, which could push vacancy rates back to historic norms. With affordability still a major draw, could 2025 be the year the Sun Belt rental market makes a full comeback? What are you seeing in your city?

Curious about learning more about CRE market trends and Club Capital's upcoming opportunities? Visit our website, schedule a call, or register for our preferred investor club!

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Club Capital, based in Austin, TX, is a real estate owner & private equity firm focusing on multifamily acquisitions, development, & capital investments.

03/17/2025

Texas is seeing a strong resurgence in corporate headquarters relocations, with 24 companies moving their HQs to the state in 2024. Companies like KFC, relocating from Kentucky, and https://hubs.li/Q038vr090, moving from California to Austin, are among the latest to make the transition. The state’s pro-business policies, lack of personal and corporate income taxes, and skilled workforce continue to attract major corporations looking for a more favorable economic environment.

With relocations on the rise, Texas remains a leading destination for businesses seeking long-term stability and growth. While other states, such as Georgia and the Carolinas, are increasing efforts to attract corporate moves, Texas continues to offer a unique mix of affordability, workforce availability, and infrastructure. State leaders are focused on maintaining this momentum, reinforcing Texas as "the headquarters of headquarters" and a premier location for corporate expansion.

Curious about learning more about CRE market trends and Club Capital's upcoming opportunities? Visit our website, schedule a call, or register for our preferred investor club!

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03/04/2025

Texas continues to cement its reputation as the go-to destination for corporate headquarters. With a business-friendly environment, no state income tax, and access to top talent, companies across industries are making the move. Whether it’s tech giants, financial institutions, or legacy energy firms, the Lone Star State is becoming a national hub for innovation and growth.

Here are some of the biggest names relocating:

- Chevron – Moving its headquarters from California to Houston by January 2025, reinforcing Texas’ dominance in the energy sector.

- KFC (Yum! Brands) – Relocating U.S. corporate operations from Kentucky to Plano to centralize business functions.

- PEAK6 Investments – Shifting its global headquarters from Chicago to Austin in early 2025 to be closer to its Texas workforce.

- ABBYY – AI-driven data company moving from California to Austin to tap into the city’s booming tech ecosystem.

- New York Stock Exchange (NYSE) – Launching NYSE Texas in Dallas, solidifying Texas as a rising financial hub.

With more companies making the move, Texas is proving to be the future of business. Who do you think will be next?



Curious about learning more about CRE market trends and Club Capital's upcoming opportunities? Visit our website, schedule a call, or register for our preferred investor club!

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Club Capital, based in Austin, TX, is a real estate owner & private equity firm focusing on multifamily acquisitions, development, & capital investments.

02/27/2025

Texas is on track to become the most populous U.S. state by 2045, surpassing California, with its population projected to reach 42 million—a 35% increase in the next two decades. This rapid growth presents a significant opportunity for multifamily investors, as demand for housing continues to rise.

Several factors make Texas a prime market for multifamily investment. The state's robust and diverse economy—spanning technology, manufacturing, education, and construction—continues to drive job creation, attracting workers and families seeking affordable living and career opportunities. Texas’ business-friendly policies, including no state income tax, further incentivize both businesses and residents to relocate, fueling rental demand.

Migration trends reinforce this investment potential. Between 2009 and 2023, nearly half a million Californians moved to Texas, drawn by lower housing costs and better economic prospects. As population growth accelerates, the need for quality multifamily housing will continue to expand, making Texas one of the most attractive markets for long-term multifamily investment.

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Curious about learning more about CRE market trends and Club Capital's upcoming opportunities? Visit our website, schedule a call, or register for our preferred investor club!

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The population of the Lone Star State increased by nearly four million people between 2013 and 2023.

02/03/2025

Exciting Milestone: Cavalry at Liberty Hill Moves Forward

We’re thrilled to share a major milestone: Cavalry at Liberty Hill—a 270-unit Class A multifamily property in the rapidly growing Austin MSA—is now construction complete and in lease-up!

A heartfelt thank you to our investors for their trust and partnership. Over the past few years, our industry has faced many challenges, and we deeply appreciate your continued confidence. Your enthusiasm for this project reaffirms its strength and potential, and as we move forward, we look forward to seeing the rewards of our collective efforts take shape.

Strategically positioned within a thriving master-planned community, Cavalry at Liberty Hill is surrounded by major retailers, including HEB, the recently announced Costco, and Target. This project is set to meet the increasing housing demand in one of the nation’s fastest-growing regions.

We’re incredibly proud of our team for turning this vision into reality and look forward to sharing more updates as the project progresses.

Curious about learning more about CRE market trends and Club Capital's upcoming opportunities? Visit our website, schedule a call, or register for our preferred investor club!

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01/17/2025

Texas secured it's spot at the top of the list for population growth this past year, adding over 560,000 new residents. Florida came in second place adding just over 460,000 residents. The new figures indicate Texas is still in the middle of a population boom, adding over 2 million new residents since 2020 when the last official decennial census took place. Estimates now reflect that Texas has 31.29 million residents, up from the 2020 count of 29.15 million.

The continued population growth bodes well for wave of new supply that has hit markets in recent years, especially as the end of the development cycle comes into sight. The number of groundbreakings in 2023 sharply declined, which is translating to a drop off in deliveries within the submarket over the next couple of years.

Curious on learning more about CRE market trends and Club Capital's upcoming opportunities? Visit our website, schedule a call, or register for our preferred investor club!

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12/31/2024

As we step into 2025, we’re filled with gratitude for the connections, growth, and opportunities this past year has brought. Here’s to a fresh chapter filled with possibility, progress, and shared success. The Club Capital team wishes you and your loved ones a happy, healthy, and prosperous New Year!