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...
by Joe Stampone | Apr 15, 2023 | Entrepreneurship, Multifamily
Every so often, I go back and read old blog posts to get a sense of my thinking at the time. It can be embarrassing (like the bearish case for multifamily in 2019), but others (such as why we prefer value-add deals and long-term holds and our 4 forms of sustainable...
by Joe Stampone | Feb 20, 2023 | Development, Innovation, Multifamily
Over the past decade multifamily investors had it easy; interest rates were nearly zero, debt was widely available and cheap, capital poured into the space compressing cap rates, fundamentals were strong etc. It was nearly impossible not to well. The key to success...
