Source:


Deaton Investment Real Estate & The Wake County Apartment Association



Wednesday, May 28, 2008

Someone gets it


Multifamilybiz.com has a good article about mid-size apartment investors being able to capitalize on the reduction in competition in the apartment investment market.

We're finding it harder and harder to get this point across to the majority of potential investors. Again, sellers are holding firm to prices because their rents are up and their units are filled. As a result, buyers are surprised to see the lack of "blood in the water" given the underlying current of doubt in the economy. There is no question we're in a down cycle. Adding chum to the pool though, is the complete lack of dependable data as to when this cycle might switch directions.

Have any thoughts?

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