Multifamily Asset Class is not Bulletproof in this Real Estate Market Downturn

1327 views

Video added by GowerCrowd | Date Uploaded: October 06, 2020 | Date Created:

Description

From this video: Jay Olshonsky: Now, I can't remember any time in my lifetime where people weren't paying their rent on an apartment because they had lost their jobs in masses amounts like people have or they were getting, whether it's $400, $600, $800 from the US government a week to support themselves during this off cycle and the prospects of the next employment is not there. Plus, the governments have said, you can't evict them and then those have just been extended. So, a product type that traditionally was bulletproof: multifamily, I don't see how that's going to also be unscathed in this and certainly there were other things in multifamily in certain areas and I think I could use downtown Los Angeles, I certainly could use Nashville, where you had oversupply of class A apartments. How will multifamily real estate perform in the current downturn? Watch this to find out. Visit the GowerCrowd website for masses of free real estate syndication and investing resources and training: https://bit.ly/31pWtSx


Categories:
Brokerage, Economics/Market Reports/Research, Events / Webinars
Property Types:
Multifamily
States:
ALL


Suggested Videos

Net Lease TV Does Black Friday 2025 Featuring Chris Marabella Christian Marabella
In this episode of Net Lease TV Chris Marabella visits Guitar Center, Best Buy, Wal-Mart, UTC Mall near LaJolla CA and Nordstroms. Chris checks out drum sets at Guitar Center and does a drum solo. He then checks out deal busters and specials at the other retailers. Happy Black Friday 2025 and Holidays to everyone!! To call or text Chris Marabella his cell is (760) 803-6464 and you can email him at nnn@marabellafinance.com. For more episodes of Net Lease TV click on the following link;
FOR LEASE: 15555 Main Street - Retail Suite | Hesperia, CA
FOR LEASE: 15555 Main Street, Hesperia, CA Available Space: ±1,260 Sq. Ft. (NNN) Rate: $1.85/Sq. Ft. Monthly Highlights Located in Hesperia Marketplace (Cardenas Market & Dutch Bros) Strong tenant mix: Waba Grill, Rent-A-Center, H&R Block & more Excellent Main Street visibility & signage Flexible, open layout Ample on-site parking Ideal for retail or service businesses
CRE Talk Episode #19 - Chris Tourtellotte
In this episode of Commercial Real Estate Talk with Steve and Arnie, our hosts interview Chris Tourtellotte, Managing Director with LaTerra Development, one of the most prolific multifamily developers in the Greater LA area. Of late, LaTerra has been expanding into other geographic areas, as well as investing in self-storage properties. In this very lively, fun and informative conversation, Chris discusses: How he got into the real estate development business; the first major development