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Job Growth in Dayton, Ohio is Breaking Records
October 15, 2023
Dayton, Ohio has a rich history in manufacturing and innovation. The Wright Brothers invented and manufactured the world’s first piloted aircraft in Dayton, and Dayton is also the the birthplace of the world’s first cash register (NCR). Dayton eventually boomed as a result of these and many other innovations. However, as the decades-long decline in…
The Biggest Mistake I Made (Twice!) on My Best Midwest Investments
July 25, 2023
Forget the Mistake, Not the Lesson One defining characteristic of Midwest multifamily housing stock is its age. The long decline in manufacturing employment that began in the 1970s resulted in almost no new multifamily housing construction for nearly 30 years. This means that Midwest multifamily housing stock is heavily skewed toward 1960 and 1970’s vintage…
Cincinnati Rent Growth Defies Nationwide Slowdown
June 18, 2023
According to the Wall Street Journal, nationwide apartment rent growth is slowing at the fastest rate since the Great Financial Crisis. Yet Cincinnati doesn’t seem to know this. In the Sunbelt, where many wagered on rent growth growing to the sky in perpetuity, the magnitude of the slowdown has taken many investors by surprise. According…