26
Apr
Investor Sees Class B Apts. as "Value Alternative" to Newer, High-Priced Rentals
Sares-Regis Group, a California-based private investment management firm, said it increasingly sees more upside to buying and renovating ‘fixer-up’ apartments than paying a premium for newly built Class A multifamily properties.
“With rents at newer Class A properties at historically high levels in many markets, the ability to offer a value alternative with a quality product is compelling to many renters,” said Bill Montgomery, chief investment…
Source: Costar News
