RealtyMogul, an online real estate investing platform, has bought 16,000 apartments over the past eight years.
As the economic fallout from COVID plays out, CEO Jilliene Helman is thankful the company's portfolio is mainly outside of primary markets except for some difficulty in Brooklyn.
"We've got a lot of data," Helman says. "In general, we're in the mid 90's with collections across the portfolio. We were 98% pre-COVID, and we're running at about 95 or 96 on a blended basis across all of our apartments. Brooklyn is the outlier, and it has remained the outlier."
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Leslie Shaver
Les Shaver has been covering commercial and residential real estate for almost 20 years. His work has appeared in Multifamily Executive, Builder, units, Arlington Magazine in addition to GlobeSt.com and Real Estate Forum.
