In July 2012, Realtor Magazine pointed out that investors were starting to seek out both secondary markets and value-add plays that would provide more yield through renovation and repositioning as opposed to ground-up construction.
A recent article in Real Estate Forum magazine (in which Axiometrics was recently quoted) underscored this trend, while also pointing out that that infill is no longer the sole investment target for buyers and builders. The article noted that public investors and private equity companies are also taking interest in both secondary markets and vintage renovations.
Read more...Apartment Investment Strategy: Value-Add Investments or Ground-Up Construction? via Axiometrics
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