Sep 16, 2022
It’s good to be the KING in Texas Apartment Brokerage. Nick
recently earned the title Executive Managing Director for Marcus
and Millichap. Nick and his business partner, Bard Hoover, are
consistently the top producers for the company. Nick shares his
thoughts on what he sees in the apartment market with a
“significant reset” on the capital markets, interest rates,
inflation, valuation, sellers’ expectations on value, the
challenges today of selling 40–50-year-old apartments, and then
having broker tour activity down almost 80% from last year. Yikes!
Nick talks about the “green shoots” and the positive reflections
that he is starting to see in the apartment market in Texas. What
we like about Nick-- is that he doesn’t give you broker speak…that
everything is “positive” all the time. He talks about the good and
the bad. Listen to the KING.
To contact Nick Fluellen: Nick.Fluellen@MarcusMillichap.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.
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