Small- And Mid-sized Apartment Owners Cashing Gains
With valuations buoyed by high occupancy, low interest rates, and robust rental growth; a number of small- and mid-sized apartment owners are choosing to cash in their chips and book profits according to an article in Multi-Housing News by Anthony Hardy, senior associate at Marcus & Millichap.
Attractive per-unit pricing and concerns over any upcoming tax reform and interest rate increases are also playing into investors' decisions. So are lifestyle and location considerations.
According to Mr. Hardy, most small- and mid-sized investors are of the opinion that multifamily stars have aligned almost perfectly at the moment and future market conditions may not be as conducive.
All in, smart investments and hard work of the last few years seem to be paying off handsomely for these investors.
The article can be read here.
