Unlike institutional players, TIC investors want passive income and long-term holds, which works better for the types of deals Investors Management Group pursues, says the firm’s founder.
For a city that’s hemmed in by suburbs and has little undeveloped land other than parks, Minneapolis has been pretty successful at adding housing.
As interest rates rise and the outlook for the economy at large remains uncertain, CRE investors who depend on debt have had to reassess their strategies. That’s impacting the property types they might consider for acquisition.
Even as apartment rents rise, some nomads are returning to big cities for more stability. Many of them are growing older and finding that the lure of being a nomad is not always easy to reconcile with the demands of starting a family.
Exclusive WMRE research shows how rising interest rates and macroeconomic concerns are affecting multifamily investors' ability access to capital.
Buyers are beginning to ask for discounts and some deals fall through. But experts say the disturbance in the sector is based on “short-term uncertainty.”
Residents in popular neighborhoods say they’re being forced to agree to rent hikes of as much as 40 percent and contract periods stretching two years.
