Buy, Improve, Repeat: Value-Add Activity Reaches a Fever Pitch
Rising prices and falling cap rates are driving investors to far-flung markets for the next hot deal. RMR Residential’s Casey Barber and Noah Echols weigh in on “the HGTV effect on the multifamily market.”
“People who sold six months ago probably felt they were selling at the top of the market, only to watch valuations continue to increase substantially,” says Casey Barber, Senior Vice President of Investments for RMR Residential. “Just about any deal that sold six months ago would sell for more today.”
