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Indianapolis & Cincinnati Job Growth Surpass National Averages
March 30, 2023
Sunbelt markets like Austin, TX routinely capture headlines for the nation’s hottest jobs markets. However, February data from the U.S. Bureau of Labor Statistics show that two Midwest markets where we focus are also showing impressive post-COVID job growth. According to the BLS, employment in Indianapolis is more than 5% above local 2020 pre-pandemic levels,…
What is Fee Drag in an Apartment Syndication? Understanding the Hidden Costs
February 15, 2023
Fee drag is an arcane but important term in the investment world, and all investors should understand why fee drag is important. Fee drag in an apartment syndication relates to the fact that transaction costs related to a real estate investment will almost always reduce investor returns on a one for one basis, all else…
Midwest Multifamily Investment Returns Can Rival the Sunbelt
January 23, 2023
As we enter 2023, there are fears of a looming recession, layoffs by the big tech companies are piling up and some hot multifamily markets like Las Vegas and Phoenix are posting negative rent growth. At the same time, many Midwest markets showed not just the stability they are known for, but also rent growth…