Large multifamily investing covers apartment complexes of twenty units and up, the institutional end of rental housing.
Log in to followI'm building out a services business and apartment operators keep coming up as the customer. Before I go further I want to know what the stack on a 200 unit property already costs…
An agent sent me a package for a 60 unit property in a Sun Belt market labeled "value-add, 1988 vintage, classic interiors." I asked what value-add meant and got back a sentence a…
I run pipe and I can read a mechanical drawing fine, but the apartment offering a friend forwarded me is a different language. It says 84 units, T-12 NOI of 612,000, going-in cap…
I manage a 208 unit for an owner group and we're going into renewals against three properties within a mile that are all offering six to eight weeks free. Our average in-place is…
I got forwarded a deck for a 90 unit in Greenville from someone in an investing group I lurk in. 50k minimum, 7 percent preferred return, five to seven year hold. When I asked the…
Working a 240 unit in a submarket with two lease-ups within a mile. Asking rents on the rent roll average 1,650. Effective is closer to 1,512 once I back out concessions, which th…
I've got about 25,000 set aside and I've been looking at 20 to 80 unit apartment properties because the guide says the scale carries professional management, which sounds better t…
Working through a 148 unit 1996 vintage deal in a Sun Belt submarket that's about 30 percent through its supply overhang. Price 21.6 million, 145,000 a door, in-place NOI 1.19 mil…
I've been sitting on the sidelines and the language in every offering memorandum I read is basically the same now: supply wave is over, vacancy has peaked, absorption catches up,…