CALCAP Connections                           August 2019
PRINCIPAL'S CORNER
 
Time to Change Your Property Manager
Effective property management is the least glamorous, yet most critical part of owning real estate. As we continue to evolve through the current real estate cycle, having outstanding and committed property management is as important as ever. After 7 years of exclusively managing our own assets, we recently launched CALCAP Properties Fee management services to assist 3rd party owners. 
CALCAP Properties manages multi-family and single-family properties. We provide investment, renovation and property management expertise to successfully implement and oversee value-add strategies. We incorporate best in class technology to improve performance and cash flow. These disciplines coupled with our resident centric focus help to create thriving communities and desirable living environments.
We provide the right team of professionals to help you achieve a significant return on your investment in the property. We do this by developing a strategy with you to make planned improvements that enhance the value of your multi-family asset while increasing the opportunity for rent growth and resident appeal. We propose a fiscal year budget to make a targeted plan for revenue and expenditure expectations where results can be measured, and trends can be identified. We also offer:
  • Bilingual Customer Service
  • Centralized Application Compliance
  • Budget Analysis and Planning
  • Utility Management
  • In-House Collections
  • Repair and Renovation Oversight
  • Best in Class Technology Systems
  • Effective Rental Criteria
  • Acquisition due diligence services
CALCAP Properties prepares a monthly Client Reporting Package that includes real time business intelligence reporting. We believe timely and transparent data to owners enables them to interpret operating results, make necessary adjustments, and identify key performance indicators that drive success. We currently manage over 3,000 units and are licensed in CA, AZ, NM and TX.
 
If you are interested in learning more about what we do, please visit us at www.calcapadvisors.com
 
Sincerely,   
 
Edward M. Aloe    
President and CEO  
626-229-9057   
Check Out CALCAP's new website! 

Latest Headlines...

Case-Shiller says home-price gains have slowed to a near 7-year low 
 
Phoenix reported the highest year-over-year gain among all of the 20 cities 
 
"The southwest (Phoenix and Las Vegas) remains the regional leader in home price gains, followed by the southeast (Tampa and Charlotte)," Murphy said. "With three of the bottom five cities (Seattle, San Francisco, and San Diego), much of the west coast is challenged to sustain YOY gains. For the second month in a row, however, only Seattle experienced outright decline with YOY price change of -1.3%." 
 
View Article Here  
Multifamily borrowing surges 10% in Q2

Jumps 29% from first quarter
 
"Falling long-term interest rates and sustained strength in commercial real estate markets lifted commercial and multifamily mortgage originations during the second quarter," said Jamie Woodwell, MBA vice president of commercial real estate research. "Originations for life insurance companies and for Fannie Mae and Freddie Mac continued at record paces during the first half of the year, as did originations of loans backed by multifamily and industrial properties."
 
"With rates even lower during the third quarter, absent a major economic disruption, 2019 is shaping up to be another record year for commercial mortgage lending," Woodwell said. 
 
View Article Here
Realtor.com: Recession won't create "fire sale" for housing
 
Next contraction will be kinder, gentler than 2008
 
In the last downturn, people who had risky loans such as "exploding ARMs," mortgages with rates that could quadruple after an introductory period, went into  foreclosure  when home prices stopped going up and they couldn't refinance into safer loans. A spike in foreclosures devalued subprime mortgage bonds, leading to a banking crisis and the collapse of Wall Street icons such as Bear Stearns  and Lehman Brothers
 
 
"This is going to be a much shorter recession than the last one," said George Ratiu, realtor.com's senior economist. "I don't think the next recession will be a repeat of 2008."  
   
 
On the lighter side....
ABOUT CALCAP ADVISORS
About CALCAP
California Capital Real Estate Advisors, Inc., and its affiliate entities (CALCAP Asset Management I & II, CALCAP Properties, CALCAP Lending, and CALCAP Senior Healthcare I, collectively known as "CALCAP"), is a California based investment company founded and 2008 and headquartered in Pasadena, California. The Company sponsors alternative real estate investment opportunities focused on demographically driven housing. CALCAP has been able to consistently provide both individual and institutional investors with outstanding returns over the last 10 years. The Company's core strategies look to actively create alpha for investors while managing risk. CALCAP currently has over $300mm in Assets Under Management. To learn more visit www.calcapadvisors.com.
 
Social Mission
CALCAP has created the CALCAP CARES program to encourage employees to find a way to give back to the neighborhoods where we invest. CALCAP has created "GiveTime4Autism" as its initial program which will allow employees the ability to donate unused vacation and sick days for a very worthy cause.  


LOS ANGELES
The Sanborn House
65 N. Catalina Avenue   
Pasadena, CA 91106
  
Edward M. Aloe, President & CEO
(626) 229-9057

Mark A. Mozilo, Principal
(626) 229-9056

SAN DIEGO 
12626 High Bluff Drive, Suite 360
San Diego, CA 92130 
  

Patrick A. Wakeman, Principal
(858) 764-4890

PHOENIX
740 N. 52nd Suite 200
Phoenix,AZ 85008 
                                                       

Drew Buccino, Principal and COO
(602) 419-3381

SANTA BARBARA
1309 State Street Suite A
Santa Barbara, CA 93101
 
Greg Blix
Director of Investor Relations
(805) 896-8500

IRVINE
2603 Main Street, Suite 850
Irvine, CA 92614
 
Len Israel
CEO, CALCAP Lending, LLC
949-439-1044

View our website: www.calcapadvisors.com 
Stay Connected: