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...
by Joe Stampone | Jan 29, 2023 | Market News, Multifamily
I started my career in real estate in 2011 and have experienced a decade of low rates and increasing asset values. Success in multifamily investing was driven simply by being in the game. Well, the game has changed. Today’s environment is unprecedented. I’ve...
by Joe Stampone | Dec 28, 2022 | Market News, Multifamily
As 2022 winds to a close, I’m sure you’re getting inundated with predictions for 2023. While I certainly enjoy making predictions (like I did in 2019), I struggle with forecasting short-term trends. In 2019, for example, I was talking about renter flexibility and the...
by Joe Stampone | Nov 23, 2022 | Career, Multifamily, Value-Add
When I look back at my time at Atlas over the past 11 years, the mistakes we’ve made have primarily been selling multifamily assets too soon. Selling class B assets in Tampa or Salt Lake in 2016/17, for example. These mistakes inspired me to put a note on top of the...
by Joe Stampone | Oct 15, 2022 | Development, Market News, Multifamily
At Atlas, I oversee a portfolio of multifamily assets primarily located in the Southeast. What an easy job that was in 2021! Rents and occupancy boomed as we experienced record new lease demand and high resident retention. The chart below highlights the YoY lease...
by Joe Stampone | Sep 28, 2022 | Career, Multifamily
I’ve been on vacation the past few days, largely ignoring the deluge of headlines and incessant barrage of market news (what a week to be away!). It’s tough at first because tracking the latest news feels a bit like sport, but over a few days I’ve begun to realize...
