OAKLAND, CA—Trion Properties is bullish on multifamily investment in the East Bay market, acquiring five properties in the area in the past two years. In this exclusive, Mitch Paskover, managing partner of Trion Properties, recently discussed increasing investor interest in East Bay multifamily properties and why investment in this market is a smart bet.
GlobeSt.com: Why are multifamily investors increasingly bullish on the East Bay market?
Paskover: Both the maturing cycle and rising competition are making it increasingly difficult for investors to source and acquire multifamily deals in core Bay Area markets such as the heart of San Francisco. The tightening availability of investment opportunities and the lack of upside potential are turning multifamily investors away from urban cores and pushing them towards emerging gateway submarkets, such as the East Bay.
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Lisa Brown
Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.
