Acquisitions have been slow at Adaptive over the past few months. And it’s not by choice… prices in our core neighborhoods in 2018 have generally run way out ahead of rent growth, taking our forecast unlevered yields down to levels we don’t find appealing. However, recently, we have identified a few areas where the equation
Regularly get asked the following questions: Are you planning to venture out to other cities? Start doing other product types (office, retail, etc.)? The answer to both is that I would love to branch out. Aside from the intellectual stimulation that comes from learning new things, expanding the pool of potential projects would allow us
We’re just finishing a 6 unit deal in an area where we’ve done a ton of business, and thought you guys would like to see pics. The ads went up this past Monday (so, seven days ago) and already 5 of the 6 units are spoken for. Think the unlevered yield on this one is
Came across a listing for a renovated building yesterday that made me very scared for the potential new owner. To be clear, this was a nicely renovated building, with brand new systems, high-quality finishes, decent taste, etc. And the rents were pretty good – around $2500 for 2 beds with no parking, which, for the
When I speak with potential capital providers, I hear two very different ways of thinking about investing in our projects. The first group of investors thinks about things in terms of a return target. These investors trust us and like what we do. They are concerned about where we are in the real estate cycle