708: Not All Multifamily Markets Are Created Equal

Many multifamily markets have been struggling, but not all. New Hampshire, for example, has been doing extremely well for a number of years, and continues to outperform many markets. This is because New Hampshire continues to experience employment and population growth, and there’s been almost no new supply for decades. Renters have left Boston and migrated north to New Hampshire for lower rents, no sales tax, and no income tax. Axel Ragnarsson, founder of Aligned Real Estate Partners, buys 10–50-unit value-add apartment buildings in Southern New Hampshire directly from sellers, and has achieved a stellar track record with buying at a discount and vertical integration.