Jan 24, 2020
Joey Tumminello with Marcus & Millichap’s Institutional Property
Advisors (IPA) sells large apartment buildings to institutional
buyers. Institutional buyers are REITS, insurance companies, large
hedge funds and large family offices. Their groups average sales
price is over $40 million. Joey chats with Michael and Paul about
rookie mistakes some investors make when touring apartment
buildings with the listing agent. Joey also gives you a state of
the 2020 apartment market for institutional buyers. He also
discusses what institutional asset managers are seeking for a yield
on their investment in apartments.
To contact Joey Tumminello: jtumminello@ipausa.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.