Search
 

Having a Balanced Property, Balanced Portfolio Is Key

SAN DIEGO—Panelists at the recent NMHC Apartment Strategies Outlook Conference here say that the larger multifamily units are higher demand but there is more pressure on those units so balance is key.

By Natalie Dolce | nataliedolce | Updated on February 06, 2017

SAN DIEGO—At the recent NMHC Apartment Strategies Outlook Conference, panelists talk about what makes for a more stable community and why larger 3-bedroom units might be the place to investment. In a follow up to that article, Robert Hart, president and CEO of TruAmerica Multifamily, said that what he finds when we are dealing with larger units in the portfolio is that the cost of maintaining them is much higher.

When Daryl Carter, chairman and CEO of Avanath Capital Management LLC, mentioned that he continues to see demand for larger apartments, noting that his firm is trying to buy properties that have a lot of three bedrooms because those don’t seem to turn over as much, Hart agreed. But while he agreed that the larger units are higher demand, he said there is more pressure on those units. “More people means more pressure on the unit,” he said. “The key is to have a balanced property and a balanced portfolio.”

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.