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: firstname.lastname@example.org
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.