Street Smart Success

In multifamily real estate, each property has unique aspects, no two properties are exactly alike. This lends itself to market inefficiency and opportunity.  That’s why it’s possible to achieve alpha returns in any environment if you look hard enough. Bo Diamond, Co-founder of Caisson Capital Partners, identifies properties with value-add opportunities that make it possible to achieve outsize returns for his invest...

As the federal government continues to print more money, the value of the dollar decreases. Other countries are already beginning to trade in alternative currencies to the dollar. With economic uncertainty, including inflation and other types of market instability, risk mitigation is key. That’s why hard assets with a component of scarcity in a portfolio make sense for capital preservation. One of the better examples is preci...

As market rate apartments have become cost prohibitive to acquire over the past several years as a result of higher interest rates and expenses, ground up construction has become a more economically feasible option, especially with various federal, state, and local government tax credit programs. Lee Harris, President and CEO of Cohen Esrey, specializes in the development of 100-300 unit subsidized multifamily properties in the Mid...

It’s the best time to buy Multifamily properties since the Global Financial Crises, especially value-add properties. Prices have come down dramatically over the past few years, yet the fundamentals for rental housing remain strong as the demand drivers persist. Additionally, as new supply continues to gets absorbed, there will be a major shortage of rental inventory in 2027 and 2028. Hans Box, co-founder of Box Wilson Equity,...

Multifamily has seen some of its largest headwinds in almost two decades. In many markets, new supply levels are at historic records, expenses such as insurance and taxes have skyrocketed, and other operating expenses have also escalated. All of these challenges, plus impending loan maturities and less liquidity, are making this an opportune time to buy. Ivan Barratt, Founder and CEO of the BAM companies, is acquiring newly built p...

Finding great deals in this market can require investigating different geographies and possibly different asset classes. Although most Real Estate has encountered major challenges and headwinds, prices are still too high and generate insufficient cash flow. Robert Nelson, Managing Member of Permian Flex Capital, 1031 exchanged one of successful Self-Storage facilities in Northeast Pennsylvania into a small industrial building in Mi...

Managing a lot of private investments can be cumbersome with the amount of paperwork, reporting and tracking involved. Having them on one central platform, however, makes life a lot easier. That’s what Vyzer does. It houses all your investments in one place. Vyzer also provides valuable statistical performance data across a cross section of $30 billion invested in deals and sponsors currently on Vyver’s site. Litan Yaha...

Passive investing is not always east. It’s harder, more time consuming, and riskier than most people think. It takes evaluating dozens, even hundreds of General Partners and deals to learn the difference between a good and a bad opportunity. There is so much to learn, that often more time is required of Limited Partners than they have to spend. Unfortunately, this elevates the risk of making private Real Estate investments. A...

We’re in unprecedented times. The U.S. is printing more money at a velocity that is unprecedented. We are spending more on money paying the interest on our debt than on our military, and interest rates are low by historical standards. Where to safely invest money is becoming a more difficult challenge by the year. Even hard assets like real estate can be risky because of tax exposure. Isaac Bennett, Founder of You Are, is inv...

As the demand for Class B office space plummets, the prices for these assets decline with it. These properties are often in Class A neighborhood locations in cities people love to live in with limited residential supply. Randy Kenna, Managing Director of Stanton Park Investors, is converting a 1986 Class B office building into 30 condominiums in Alexandria, Virginia, an 18th century enclave right outside of Washington D.C. Randy sp...

Many multifamily markets have been struggling, but not all. New Hampshire, for example, has been doing extremely well for a number of years, and continues to outperform many markets. This is because New Hampshire continues to experience employment and population growth, and there’s been almost no new supply for decades. Renters have left Boston and migrated north to New Hampshire for lower rents, no sales tax, and no income t...

The past few years have been brutal for multifamily. Higher interest rates, dramatically higher insurance costs, taxes, materials and labor, coupled with declining rents, have plagued the industry. Many properties are underwater, causing losses for investors. As a result, it’s become very difficult to raise money for new deals. Over a longer-term horizon, the forecast for multifamily remains strong as new supply gets absorbed...

Jim Boad is a no-nonsense entrepreneur on a mission to transform lives through housing. As the founder of Shelton Housing First, he’s launched over 14 recovery homes in the last two years, with eight more on the way. People move into recovery homes when they leave short-term treatment centers, and there aren’t nearly enough of them. Therefore, many of these homes have waiting lists. They’re rented out by the bedro...

Developing properties from the ground up is more profitable than acquiring existing properties, but entails far more expertise and risk. For starters, the approval and entitlement process is complex, and these projects generally take at least three to five years from approval to completion, and often longer. Many things change in this time frame from borrowing costs, the economy, plus labor and material costs. Very few operators ha...

Although prices on multifamily have come down from their peak more than at any other time in recent history, they still have more to go before they present a good buying opportunity. Rents have not risen, interest rates have not been lowered as anticipated, and oversupply persists in many markets. Yet prices are not reflecting these headwinds. Senior living, on the other hand, can generate 8% yield year one with significant upside....

While new multifamily development grapples with high construction costs and elevated interest rates, stabilized, newer construction assets can be acquired for significantly less than replacement value. Michael Zaransky, a four-decade veteran in the multifamily space, buys properties from merchant builders who face construction loan maturities or investor pressure, leading to forced sales. These acquisitions not only achieve a low-c...

Consistent returns are generated when there’s scarcity. One asset class that epitomizes scarcity is Manufactured Housing. Not only are new parks not being built, but the supply is also actually shrinking. Drawing on a unique foundation in data analytics and a decade at Capital One, Amanda Cruise applies rigorous financial discipline to acquire and optimize smaller mobile home communities. Amanda details her strategy of identi...

Multifamily investment advisor Darin Garman returns with his "no-BS" assessment: the market is more resilient than expected, thanks to strong renter demand and savvy operators. Operating in Iowa, Darin details his strategy of acquiring well-maintained, garden-style properties (built 70s-2000s) from "mom-and-pop" owners to unlock significant value through income optimization. He also shares his unconventional, yet effective, month-t...

Danny Catan, Founder of PIA Residential, returns to share his insights on the current multifamily market. While many have lost money due to variable debt and oversupplied southern markets, Danny explains why disciplined investors are finding opportunities. He focuses on workforce housing in secondary and tertiary markets across the Southeast, looking for properties 30% cheaper than the 2022 peak. Danny details his rigorous due...