469: Once In A Decade Buying Opportunity For New Multifamily Properties

Currently, there are great deals being sold by developers on newly constructed properties at below construction cost. As institutions have been on the sidelines, this is a once in a decade to fifteen-year opportunity. In the right submarkets with job and population growth, rents will continue to escalate and Multifamily will continue to see a supply/demand imbalance for the foreseeable future. New construction has simply not kept pace, especially in the last couple years with high interest rates and soaring construction costs. Michael Zaransky, Founding and Managing Principal of MZ Capital Partners, has been acquiring newer properties in Texas, Tennessee, and his home state of Illinois and capitalizing on this rare opportunity for friends and family investors.