By: Molly Holbert, Marketing & Investment Coordinator, MACC Venture Partners As you can see in our recent blogs, Southeastern United States Metros offer high returns to investors. Colliers International and Marcus & Millichap recently released Q2 multifamily updates on many of the large US metros. Analyzing four of the Southeast metro reports emphasizes the importance of
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By: John Azar, EVP/Managing Member, MACC Venture Partners Southern Charm is the Darling of CRE As we all contemplate the short and long-term future of multifamily real estate during the present squeeze we must look at the shifting fundamentals in populations, job growth and desirability of geographic areas. The South (or rather the Southeast) has
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By: Molly Holbert, Marketing & Investment Coordinator, MACC Venture Partners Identify: Foxcroft Apartments Investment Highlights Our firm acquired Foxcroft Apartments in August of 2016. The 226 unit complex is located in the Statesville, North Carolina submarket and it was built in two phases (1974 & 1985). Foxcroft Apartments has an attractive floorplan mix ranging from
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By: Molly Holbert, Marketing & Investment Coordinator, MACC Venture Partners FOR IMMEDIATE RELEASE Contact: Tony Azar – tony@maccvp.com John Azar – John@maccvp.com (704) 861-1056 Gastonia, N.C. (August 1st, 2017) – MACC Venture Partners, through a partnership with Legacy Capital Partners close on its newest multifamily acquisition of a 168-unit Garden apartment community called Summer
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By: Molly Holbert, Marketing & Investment Coordinator, MACC Venture Partners Roughly 80% of the new supply of the 363,000 apartment units to come online in 2017 are in the Lifestyle segment. In April, Yardi Matrix reported “Demand in many metros is driven by middle-class renters,” who can’t afford the high price of luxury apartments.
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Financial strength may allow a record number of adult children to move out of their parents house. Will this increase apartment absorption or home-ownership? A June 2017 Marcus & Millichap research brief says that the adult children who will move out are likely to rent. The research brief noted, “The catalyst for the releasing of
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In March of 2016, our Executive Vice President, John Azar, published the following article on Linkedin. Over a year later, the shortage of strategically located Class B and Class C properties is still prevalent in the multifamily market. In a recent Blau Journal Interview, our CEO, Tony Azar, spoke of the intense competition in our local
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Myrtle Beach, South Carolina is not only a world-recognized travel destination, but also a premier location for business growth and development that is becoming increasingly recognized. The rapid growth of this metro is due to an increase in the retiree population & a rapidly growing business community including manufacturing and healthcare. According to the MBREDC, “From
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U.S. multi‐family real estate has generated strong investor returns over the last 20 years driven by diverse income streams, low operating costs, manageable capital expenditure requirements, and favorable debt financing terms. The movement of wealth to secondary markets was highlighted in a recent US Multifamily Strategy and & 2017 Update conducted by Yardi Matrix.
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