Tag: multifamily real estate

28 Sep 2022

Interest Rate Hikes, Site Visits, and Deals

A yellow building with palm trees and bushes in front of it.
Esplanade Apartments, Orlando, FL THE RECENT RATE HIKE I'm sure you've seen the latest Fed hike. Nothing new there. And expect the Fed to overshoot their goal as they move forward. This is in part due to the fact that they use lagging indicators to make policy decisions about the future. Big picture, though, ...Read More
20 Sep 2022

Why We Won’t See A Housing Crash This Time

A lake with trees and buildings in the background.
Park Thirty99, Lexington, KY Welcome back and hope you had a great weekend.  My update below is a little longer than usual, but I felt there were some key data points that are relevant to our current investment decisions.  Also including some quick links below for current deals we're working ...Read More
13 Sep 2022

The Ultimate Risk Hedge: The Right People

A pool with yellow chairs and trees in the background.
Cottonwood Dallas, Dallas, TX Well, this is always a sobering time of year for me. I'll never forget standing on top of one of the buildings I managed in the NYC area and seeing the twin towers burning. It was a very sad day. I thought about all the good people who ...Read More
07 Sep 2022

15-20% Market Discount with Rent Growth Hedge

A parking lot with cars parked in front of the building.
City Park Apartments, Atlanta, GA I trust you had a great Labor Day weekend!  Hard to believe summer is "over." I guess that means we all have to go back to work! Speaking of work, I don't think I've ever had a more challenging hiring environment in my career. So many folks ...Read More
30 Aug 2022

Inflation a Battle of Perception

A row of green apartment buildings with balconies.
Brighton Place, North Augusta, SC Welcome back and I hope your week is off to a good start. I spent the weekend fighting off the perennial head cold (do those still exist?!). It gave me plenty of time to ponder the Fed Chairman's comments about fighting inflation.  Wall Street also ...Read More
23 Aug 2022

Monthly Cash Returns: 10-12% Distributions

A view of houses from above with the street in front.
Fairfield Lakes, Beavercreek, OH I just completed a great site visit trip up in the Midwest and thought you might like to see what we've been up to. I put together a couple short videos on two of my favorites that are both kicking out 10-12% monthly cash returns! Crazy good. In ...Read More
16 Aug 2022

$7.3 MM Annualized Distributions

A view of an aerial photo of a neighborhood.
Millennium Dallas, Dallas, TX I've got a couple days in the office and then I'm off to visit our Cincinnati, Dayton, and Columbus properties. It's been a little while so I'm excited to get back on the ground in Ohio. Phil Meyer, our VP Asset Management and BJ Haydon, Regional Manager will ...Read More
02 Aug 2022

The War for Talent is ON

A fire hydrant in the middle of a grassy area.
Marbach Park, San Antonio, TX I trust your week is off to a great start. We're busy getting Avenue33 under management (transitioning management, hiring new folks, kicking off CAPEX projects, addressing delinquency) and preparing to add Marbach Park (more on that deal below) in just over a month (we've got the ...Read More
12 Jul 2022

Why Not to Time the Market

A row of houses with green plants growing on the side.
Avenue33, Stockbridge, GA I’m getting a little slower start to the day after driving 8 hours yesterday. Took the family up to Clarks Hill Lake (just north of Augusta, GA) for our annual week on the lake. I’m very thankful for an awesome team that keeps the ship moving. I ...Read More
05 Jul 2022

Fireworks Economic Indicators for 1H2022

A pond in the middle of a green field.
Fairfield Lakes, Beavercreek, OH Know what you own, and know why you own it."Peter Lynch Welcome back and happy belated Independence Day!  We had some awesome fireworks displays around our place, and it was a perfect anecdote to the informal economic survey I do twice a year based on the level ...Read More