May 3, 2019
Berkadia real estate brokers, Will Jarnagin and Michael Ware,
have been selling apartments for over 15 years. They have a depth
of knowledge to help you. Will gives us an insight on the Value Add
apartment market in Dallas. He breaks the sources of capital into
two categories: 1) purchases UNDER-$25 million 2) OVER- $25
million. Will tells us that there is more activity and more capital
available for smaller transactions under $25 million today. The
space above $25 million is usually institutional investors and that
segment is a little thin with less activity. Michael discusses the
oversupply of BRAND NEW- A CLASS apartments this year, but
construction permits have dropped and we will see a reduction of
new supply in the next few years. This means current rental
concessions will fall in the next 18 months.
If you have never bought an apartment building or you are new to the market, Will & Michael gives us several tips on how to get recognized by a top producing brokers selling a deal. Also, Michael gives us his perception of where CAP RATES are at for CLASS- A, B & C apartment properties in Dallas. You will chuckle at his answer.
To contact William Jarnagin: Will.Jarnagin@berkadia.com
To contact Michael Ware: Michael.Ware@berkadia.com
To receive our FREE page WHITE PAPER REPORT on the (updated) 2019 FUNDAMENTALS OF MULTIFAMILY FINANCING 101 and to learn more about upcoming educational events at Old Capital Speaker Series please visit us at OldCapitalPodcast.com
Are you interested in learning more about how Multifamily Syndications work? Please visit www.spiadvisory.com to learn more about Michael Becker’s Real Estate Syndication business with SPI Advisory LLC.