by Joe Stampone | Feb 19, 2024 | Innovation, Multifamily
“We buy value-add multifamily properties in high-growth Southeast markets.” There isn’t a more popular or less differentiated strategy in the multifamily space today. This prevalent investment strategy was especially apparent after spending a few days at NMHC...
by Joe Stampone | Jan 10, 2024 | Market News, Multifamily
We made it. 2023 was by far the most difficult of my professional career which started in 2011. I dealt with a myriad of deal and market-related issues; uncapped floating rate debt straining cash flows, raising preferred equity behind an agency loan, inability to...
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...
