FLORHAM PARK, NJ—The multifamily sector remains a stable investment that attracts equity capital, according to José R. Cruz, senior managing director, Holliday Fenoglio Fowler.
“There is still a significant amount of equity capital in the market for value add and opportunistic deals, despite the fact that investors are being more selective on core deals they are still trading a very strong pricing,” says Cruz, one of the panelists featured at this year's RealShare New Jersey Conference in Florham Park, NJ, on Sept. 19. “Core-plus transactions are trading in the fives on a cap rate basis and in select locations are seeing pricing in the fours. The debt markets remain flush with capital and continue to help drive pricing regardless of product type.”
Cruz will participate in a panel discussion entitled, “Unlocking the Value in Multifamily Properties: How are Developers and Investors Finding Opportunities in this Sector?” moderated by Mitchell S. Berkey, co-chair of the real estate group at law firm Chiesa Shahinian & Giantomasi, scheduled to start at 10:00 a.m. The conference kicks off Tuesday, September 19 at 7:30am at the Brooklake Country Club, 139 Brooklake Road, Florham Park, NJ.
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