Flaherty says the opportunities are out there, but are more challenging to find than a few years ago.EL DORADO HILLS, CA—It's no surprise that good deals are not so easy to find in the current US multifamily market. That's where strategic positioning comes in, both from an acquisition standpoint and also a capital improvement position.
One company that has a handle on this type of strategy is L5 Real Estate Investments. L5 is a privately held investment firm focused on value-add multifamily properties that provide high-yield, passive cash flow and long-term capital appreciation for its investors through strategic acquisition, renovation and asset management.
The firm currently has in excess of $380 million of assets totaling 4,100 units under management in seven states. In this exclusive, Michael Flaherty, founder and CEO of L5 recently discussed investor sentiment with regard to multifamily properties, the challenges of locating value-add investments and how to improve properties for better cash flow.
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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.
