In today’s environment exiting from an owned multifamily asset can be a tough nut to crack. Why? It would be easy to say ‘its the times we live in”. Well, yes, but that is not actionable or of any value. Selling multifamily today is difficult, primarily, because people fail to recognize the time and complexity of the process. Buyers are there, assets are available… the timeline is the thing.
Exits are hard because even the easy one’s require serious expertise and a serious time commitment. Selling is as common as buying, of course, just recognize the timeline. Market time to a sale in primary markets is six to twelve months, longer in secondary and tertiary markets. Following are five reasons why it can be hard to sell a multifamily asset.
Read more...Selling Multifamily: Five Hard Exit Strategies | Multifamily Insight Blog
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