The last fifteen or twenty years have witnessed a compression of capitalization rates in the multifamily sector. When I first began appraising in 1990 out in Dallas, the RTC was at full throttle and apartments were hard to give away. That's when the Federal Government had the bright idea to create LIHTC tax credits, administered by the people … [Read more...]
Location, Location, Location – Appraising Commercial Properties in Kentucky
If you're old school (and I am), you'll recognize the phrase that serves as the title to this post. It answers the question to the three most important factors in buying real estate - location, location, location. True enough, I've found it to be true in my own real estate investment decisions. Buy something in a BAD location and you'll see what I … [Read more...]
Multifamily Apartments in Elizabethtown, Kentucky
In the process of pursuing my MAI designation I am working to evaluate the supply and demand for apartments in Elizabethtown. To date, I have identified 69 apartment projects and around 1,500 individual units. This, my friends, is a monumental task...now back to work! Russell Photo Credit … [Read more...]