Large multifamily investing covers apartment complexes of twenty units and up, the institutional end of rental housing.
Log in to followBought in mid 2022. 264 units, 2015 vintage, Sun Belt metro that everyone including me thought was undersupplied. Basis $51.7M, $196k a unit. Floating bridge, 70% of cost, SOFR pl…
I put $60k into a 220 unit apartment deal in 2022. I picked it because a friend I trust was already in it and because apartments felt like the least exciting thing available, and…
I put $75k into a private fund that made short term bridge loans on apartment complexes, mostly 100 to 300 unit value-add deals. The pitch was that we sit ahead of the equity, fir…
We're a six person crew doing interior renovations. Until last year the biggest thing we'd touched was an 18 unit where we did all of them over eight months. This one was differen…
I put $50k into this in early 2023, my first passive position of any size, and I picked it mostly because the sponsor answered questions in a way that didn't make me feel stupid.…
188 units, 2006 vintage, secondary Sun Belt market with a hospital and a university anchoring it. Basis $24.6M, $131k a unit against a replacement cost the appraiser put at $203k.…