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The multifamily sector is facing major headwinds. Not only have interest rates escalated at an unprecedented pace, but operating costs have also soared as well. In certain states, insurance costs alone have increased 100% or even more in the last couple years. With costs rising dramatically and rents plateauing, or even decreasing in some cases, there’s choppy waters that will not end well for many multifamily investors. Chris Grenzig, Owner of Jag Capital Partners, has built a vertically integrated portfolio of smaller properties in Jacksonville, Florida and is successfully navigating this turbulence in the market. Chris has not acquired a new deal in over a year because prices have not yet come down enough to reflect the realities of today’s operating environment.
