by Joe Stampone | Nov 26, 2023 | Innovation
One of the trends in real estate I’m most interested in is the rise of experience-focused boutique resorts. These are typically 10 units or less, independently owned and managed, and provide a unique/hospitality-driven experience. These opportunities are made possible...
by Joe Stampone | Oct 21, 2023 | Market News, Multifamily
Although it’s only been a few months since my last state of the multifamily market update, I feel like it’s time to write another one. That post is not dated by any means but needs to be expanded upon. The world is changing rapidly, pessimism has crept in, rates being...
by Joe Stampone | Aug 30, 2023 | Multifamily, Value-Add
The value-add multifamily (“VAM”) business was the darling of real estate investing over the past decade. In a zero interest rate environment where capital flooded the space, it was impossible to do wrong. The more you bought and the more aggressive floating rate debt...
by Joe Stampone | Aug 10, 2023 | Market News, Multifamily
Over the past few years, with the world changing so rapidly, I’ve posted several times on the state of the multifamily market. It’s been a great way to organize my thoughts, distill all the information I’ve been consuming into a semi-coherent narrative, and justify my...
by Joe Stampone | Jun 26, 2023 | Asset Management, Multifamily, Value-Add
We recently acquired a 256-unit value-add deal in Savannah, GA. Despite being a relatively new asset (2015 construction) and performing well (95% historical occupancy), we intend to upgrade and reposition the property, targeting rents approximately $250 above the...
