Feb 2, 2024
With over 10,000 apartment investors, lenders, general partners,
property management companies, and apartment builders… this is the
biggest annual event for the apartment industry called NMHC. What
was discussed? Well…the biggest take aways are: from the
lenders…”we are not at the bottom of the cycle: more distress is
coming!” The sales brokers said…”now, is a great time to buy.” The
buyers said…”I will only buy with positive leverage on stabilized
NOI and I want at least a 6 cap +”. The sellers said…”I won’t look
at an offer higher than at a 5.25% cap…find another buyer, please.”
The limited partners are saying…”how much more capital calls are
coming?” Yes…lots of opinions at the conference.
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. If you
enjoyed this discussion…. Please leave us a 5-STAR RATING on
iTunes.