Acquisitions Update

Deal analysis continues to be at the forefront of our activities. Talking with Brokers, there is a consensus that more deals will hit the market in the upcoming months. Owners are increasingly open to reassessing the fair market value of their properties in today’s high-interest-rate environment. This shift is narrowing the gap between sellers’ ambitious asking prices and buyers’ realistic purchase offers.

In April, we reviewed and analyzed 12 multifamily investment deals. Informal offers were extended on two of these deals, and we are working with the Brokers to evaluate whether either deal makes sense for us to further pursue.

We also interviewed two more highly-recommended Property Managers this month, as we continue searching for rockstars to add to our team.

Market Update

Global investment powerhouse, Blackstone, recently announced that they have agreed to buy $10 BILLION worth of multifamily properties. With such a large investment, this suggests that the multifamily market may be headed back to normal, after 2023 was one of the lowest recorded transaction-volume years in recent history. It will be interesting to see how this move creates a ripple effect throughout the market. Learn more about the monumental acquisition here.

Informed Investing

• Multifamily continues to shine as one of the most preferred alternative investment classes. Overall, multifamily real estate offers a combination of stable income, potential for appreciation, tax advantages, and diversification benefits, making it an attractive asset class for many investors. Check out this recent survey by CBRE!

• Now is a fantastic time to invest in multifamily! This article is a few months old, but still rings true today. As the article says, “Don’t get left behind.”

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Thanks for your interest in Cornerstone Commercial Investment Group. We are excited to share our journey with you.

Reach out to Conrad Boyd with any questions. Let’s connect!