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IRVINE, CA—With a large gap between supply and demand causing significant cap-rate compression—especially along the coast—multifamily investors are looking to less pricy areas within Orange County as well as other markets, Avison Young's Peter Hauser tells GlobeSt.com. Hauser recently joined the firm's Orange County office as principal and managing director of the company's Southern California region.
Hauser will focus on expanding the firm's multifamily real estate practice throughout Southern California. Also joining Avison Young are Matthew Hauser as an associate and Ryan Brunswick as an analyst. All three previously worked together at Berkadia Real Estate Advisors in Orange County and will continue to specialize in multifamily investment sales at Avison Young.
We spoke with Hauser about the challenges in multifamily sales today, whether the multifamily buyer profile is changing and what he sees happening in this sector next year.
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Carrie Rossenfeld
Carrie Rossenfeld is a reporter for the San Diego and Orange County markets on GlobeSt.com and a contributor to Real Estate Forum. She was a trade-magazine and newsletter editor in New York City before moving to Southern California to become a freelance writer and editor for magazines, books and websites. Rossenfeld has written extensively on topics including commercial real estate, running a medical practice, intellectual-property licensing and giftware. She has edited books about profiting from real estate and has ghostwritten a book about starting a home-based business.
