Private Capital Encourages Investors to Place Money in MF
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Neman says she can imagine Los Angeles being another Manhattan in just a few years.
CENTURY CITY, CA—“A wealth of private capital is encouraging investors across the country to place their money in multifamily properties, which provide superior returns over storing their capital in a bank.” So says Janet Neman, senior managing director ofCharles Dunn Co.
In addition, Neman tells GlobeSt.com, low interest rates have created a “lucrative seller’s market.”
When asked how the multifamily market was currently fairing on a national level, Neman says that “a national trend toward urbanization has created extremely tight markets in the cities, especially in areas where density and improved local amenities have dramatically raised asking rents.”…
