During one of the panels of the GlobeSt. Multifamily Fall Conference, titled "Transactions and Dealmaking," panelists expressed their active engagement in the market, scrutinizing every deal that comes their way.
"Our capital partners are somewhat lagging behind us right now, exhibiting uncertainty and a lack of conviction," stated Rob Lester, senior vice president at RMR Residential. "However, we remain focused on value-added opportunities. We dive deep, moving quickly and decisively, even though our success rate has dipped a bit."
Discussing 1031 exchanges, Jennifer Keen, EVP and western regional manager at IPX1031, noted a trend of individuals leaving California in search of lower taxes and more favorable environments. Those who have chosen to stay in The Golden State, she added, are seeing appreciation. "California is unique and special, which is why so many people are drawn to investing here."
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