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When You Want To Hear A “No”
We recently had a property that checked all the boxes. It was the right vintage… the right value-add scope… the right market… the right price. Everything appeared to be good to go. But we ended up passing on the deal. Why? There was one more box that needed checking. We needed to have a conversation…
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The State of The Market
What We Are Doing To Limit Your Exposure During This Challenging Time… We’ve been listening and attending conference calls and reading a lot of information to keep a pulse on the market and local economies surrounding our assets. The information seems to change hour by hour as we progress through the unknowns related to the…
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Losing Deals in Best and Final
In December 2019, our team reviewed 37 investment opportunities through the various stages of due diligence. It’s important to have strict criteria to ensure we invest in the best assets to achieve our goals. It’s critical to rely on criteria when we are competing to get an asset under contract. For example, of the 37…
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Swap Until You Drop – The Power of the 1031 Exchange
1031 Exchange and a Syndication On my calls with investors, I often get asked, “Can you do a 1031 Exchange (commonly referred to as just “1031”) with an apartment syndication with a group of investors?” The apartment syndication structure does make it more challenging to do a 1031 exchange but it can certainly be done.…
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The Accidental Smurf-colored Apartment Building
One thing I have learned over my years in the construction industry is that you must learn to adapt and overcome challenges as they come up, and they will come up. We recently ran into such an issue while working at the Pines on Wendover project in Charlotte, NC. On this project we had planned…
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Are Class-A Assets a Smart Choice in the 2020 Multifamily Market?
Each stage in the real estate market cycle presents a variety of opportunities to shift the acquisitions thought process and the ability to various asset classes to our portfolio. Our team is constantly monitoring the ever-changing stages of the market cycles. As we move into the 2020 year, we have decided to continue looking for…
Education
