LOS ANGELES—The multifamily investment market presents various challenges, which were thoroughly addressed during the recent GlobeSt. Multifamily Fall Conference. Panelists, including Tess Gruenstein, SVP of acquisitions at Bailard Inc., shared their insights and actionable strategies for investors. Gruenstein stressed the significance of broker relationships, particularly given the rising number of off-market deals.
Christopher Finlay, the Chairman and CEO of Lloyd Jones LLC, concurred, underscoring the pivotal role that broker relationships play in bringing deals to the table. He highlighted how brokers' knowledge of their investment criteria saves valuable time in the process.
Moderator Blake Harris, an attorney at Blake Harris Law, prompted a discussion about the future trajectory of the market. Finlay, drawing upon his experience with market cycles, acknowledged the challenging times but expressed confidence in the industry's resilience. He emphasized the current focus on managing existing assets and nurturing debt and equity relationships, emphasizing the importance of transparent communication with partners.
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