Have just finished reading two excellent autobiographies, one by Sam Zell and the other by William Zeckendorf. For those who don’t know: Zell is a legendary investor, particularly in distressed assets. He created companies that, at one point, were the largest multifamily REIT, the largest office REIT, and the largest mobile home REIT. He has
Regular readers of this blog have probably noticed a shift in our business here at Adaptive. When I first started writing, roughly five years ago, we were knowledge-rich but capital poor. We knew a ton about buying, renovating, leasing, managing and selling apartment buildings from our experience doing 12 deals between 2008-2012 through Better Dwellings. But
Just finished another 4plex. Think these are among the best 3 bed apartments we’ve ever done.
A lot of people in real estate HATE residential property management. Why? Tenants understandably get pretty upset when they’re paying good money for an apartment and things break. And, on the flip side, no one calls up her landlord when things are going great and says “Hey! Thanks for my apartment! It’s wonderful!” So the business
Thought you guys might appreciate seeing pics of our most recently completed project, a very large 4plex which happens to be located next to another of our projects. It’s obviously not the best time of year to be in lease-up, but the units are so special that I think they’ll go quickly.