January 31, 2024 • 39 mins
In this engaging episode of "Ready to Scale," join host Jeannette Friedrich, Director of Investor Relations, along with CEO Ellie Perlman and Acquisitions Associate Ryan Rasieleski, as they dive into the multifamily real estate market of 2024. Listen along to gain insights into the resurgence of institutional investors, the importance of strategic adaptation in response to market dynamics, and predictions for the multifamily market in the coming year. Whether you're looking to refine your investment strategy or stay ahead in the multifamily sector, this episode offers valuable knowledge and expert perspectives.
Key Highlights:
Market Trends and Institutional Investments:
-Discussion on the resurgence of institutional investors in the real estate market, highlighting Blackstone's recent acquisition and its implications.
-Analysis of the top markets for institutionally owned single-family homes.
Strategy Shifts and Market Adaptation:
-Insights into the importance of adapting strategies to market changes.
-Emphasis on the significance of surety of closing over the highest bid in the current market.
2024 Market Projections:
-Predictions for the multifamily market in 2024, including deal flow and operational trends.
-Expectations of rent softening and its impact on investment strategies.
Investment Focus:
-Discussion on the shift towards smaller asset investments for better deal closure assurance.
-The importance of conservative underwriting and rent growth assumptions.
Fundamentals of Multifamily Investments:
-The enduring demand for multifamily units despite market fluctuations.
-The distinction between organic rent growth and value-add strategies in multifamily investments.
Investor Relations and Trust:
-Emphasis on the trust investors place in operators and the importance of operator expertise in guiding investment decisions.
Future Topics:
-Potential future discussions on Built-to-Rent (BTR) communities and their growing popularity in the market.
Are you REady2Scale Your Multifamily Investments?
Learn more about growing your wealth, strengthening your portfolio, and scaling to the next level at www.bluelake-capital.com.
To reach Ellie & her team, email them at info@bluelake-capital.com or complete our investor form at www.bluelake-capital.com/new-investor-form and they'll connect with you.
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