Acquisitions Update

The latest focus has been on continuing to build new relationships with Brokers, Lenders, Property Managers, etc. in our target markets. As my Senior Advisor, Michael Blank, says, “Your success as an apartment building investor depends on the strength of your team.”

In March, we reviewed and analyzed 10 multifamily investment deals. Although no offers were extended on these deals, our underwriting process is becoming stronger, as we strive to become more knowledgeable of our target markets.

Market Update

As more multifamily operators are struggling with mismanaged properties and detrimental floating rate debt, we see an opportunity to acquire and improve these assets. We are actively underwriting deals, interviewing property managers, and meeting Brokers in our target markets to prepare for the anticipated influx of deal flow.

Informed Investing

• More “lifelong renters”? The demand for multifamily housing is not going away anytime soon - As investors, this is fantastic news! Here is a recent article explaining the rise in sentiment of Americans becoming “lifelong renters”.

• It’s encouraging to see that two of our top target markets, Little Rock and Oklahoma City, are projected to be in the Top 10 US markets for 2024 Annualized Gross Income Growth: See the article here.

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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!