Thursday, July 18, 2013

CFO Survey Preview: Cap Rates to Rise Next Year via Multifamily Executive Magazine

Jay Hiemenz is hopeful that the first markets into the recession are now, finally, making their way out.

The Alliance Residential CFO is keeping a close eye on specific markets that may have room for growth. Phoenix-based Alliance is using a green movement to attract potential residents while employing aggressive research and development and marketing tools to keep NOI in the black.

The company, which owns and operates market rate, affordable and student housing units, has seen a wide spectrum of improvement across the board with markets that were hit hardest by the recession making a comeback behind the hot primary metro areas.

Read more...CFO Survey Preview: Cap Rates to Rise Next Year - Finance, Finance - Multifamily Executive Magazine

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