729: Multifamily Prices Reset

After several years of exorbitant multifamily prices, sellers are being forced to face the music and get more realistic about the values of their assets. This is resulting in the best opportunity to acquire multifamily in over a decade. Prices are now 30%-40% below their peak plus operational upside to achieve great returns. Brent Neely, Founder of Neely Property Investments, is investing in Boise, Idaho because of its rapidly growing population growth and robust business climate. Brent is looking to acquire 40–150-unit value add properties with upside. Brent has also invested in cash flowing government leased office buildings.