Interestingly, our commercial investment roots at RE/MAX Results – Commercial Group are in the multi-family sector for nearly 25 years in the Minneapolis/St. Paul metro. We know multi-family from all angles. However, it’s been a tight ‘public inventory’ market in the Twin Cities for a number of years.
Throughout the Twin Cities, Landlords have experienced record low vacancies, high trading prices with cap rate compression across all asset classes, and a lot of insider-selling. Like many vibrant metros across the United States, there is significant capital chasing multi-family assets of all kinds. From stabilized, new multi-family and mixed-use product, to traditional value-add older assets to distressed apartment buildings, buyers have been competing hard for these assets.
As we know, all markets are cyclical in real estate. While no one can perfectly predict where apartment sales are headed, it will always be critical for building owners to maximize their equity by properly positioning their property to the broadest buying audience available – both regionally and nationally. Any broker can get a property under contract during a hot market, but that does not mean it’s the best price the market will bear if an experienced sales team was thoroughly working the listing assignment.
RE/MAX Results – Commercial Group’s top-rated brokers have the necessary experience & qualifications to effectively handle apartment building sales across the Minneapolis/St. Paul metro. CCIM trained, seasoned real estate professionals that know the game. From comprehensive financial analysis and valuation, to best-in-class asset marketing and transactional management, we know how to keep the complex simple and find solutions when others are ready to quit.
Contact Mark Hulsey, Managing Broker, firstname.lastname@example.org, for a confidential discussion about Multi-family / Apartment Building Sales.