Ever considered selling your apartment property to a developer?
Older apartment properties in rapidly transitioning infill locations can be prime targets for a development play.
In today’s episode we talk with Will Jarnagin and Michael Ware of Berkadia Real Estate Advisors in Dallas about when it makes sense and how to sell your property to a developer. Will and Michael are Senior Directors and Berkadia who have transacted over $3.5 Billion of Multifamily investment sales, comprising over 50,000 units.
Watch this episode to learn
* What types of apartment properties are ideal targets for developers
* How a developer values a target property versus a traditional apartment operator
* What’s different about a purchase agreement with a developer
* Key things to watch out for when selling to a developer
Get Smart and Invest Smarter with the Apartment Investor Show where JC Castillo and Paul Peebles interview top industry experts and discuss current market trends, investment strategies and fundamental concepts to help you make smart multifamily real estate investments. Visit our website at: http://apartmentinvestorshow.com/
JC Castillo has spent the last 13 years helping investors profitably navigate the ups & downs of a full market real estate cycle. In 2006 he founded Multifamily Property Group, a vertically integrated private equity firm focused on large scale value-add apartment properties in select US markets. Learn more about Multifamily Property Group at: https://www.multifamgroup.com/
Paul Peebles has been arranging real estate financing for borrowers and institutional clients since 1987. Mr. Peebles is the National Underwriter at Old Capital, underwriting and structuring all transactions handled by the company. Learn more about Old Capital at: http://www.oldcapitallending.com/
Guest Info:
Will Jarnagin
https://www.berkadia.com/people-and-locations/people/william-jarnagin-2
Michael Ware
https://www.berkadia.com/people-and-locations/people/michael-ware