Marshall Rosen doesn’t really want you to read this article.
That’s because the CEO of Summit, N.J.–based Solomon Organization, which owns 10,000 predominantly Class B apartments spread across New York, New Jersey, Pennsylvania, and Connecticut, doesn’t want you bidding against him on his next deal.
After all, he’s enjoyed relatively little competition from other operators going after Class B assets in his core markets: He closed on approximately $200 million in properties in a recent 12-month span—and he’d like it to stay that way.
Read more...Luxury Apartments Galore: At What Cost? | Multifamily Executive Magazine | Rent Trends, Luxury, Capital Markets, Economics, The Solomon Organization, Axiometrics, Zillow
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