Results for ‘Selling’ category

Why we’re selling 2727 E 4th St.

Regular readers know I’m not a fan of selling LA real estate, particularly in improving neighborhoods. So, why are we selling 2727 E 4th St. in Boyle Heights? The fund that owns it has a structure which requires we meet a certain yield threshold to keep pace with the investors. To get the yield up above

What’s my apartment building worth?

Every once in a while, I take a look at the Google Analytics for this site to try to get a sense for what people are searching for to end up here. Turns out a ton of people are trying to figure out what their apartment buildings are worth. This is the kind of question

Why would I sell?

“Do you have anything in your portfolio that you’re considering selling?” I get that question at the end of almost every conversation I have with a broker. And it makes sense, right? You don’t get business without asking for it. But the answer is, most assuredly, “No, and I probably won’t sell ever again.” Once

Who cares if the tenants find out the building is for sale?

Pretty often, owners want to try to prevent their tenants from knowing the building is for sale. I get why this is a concern with market-rate tenants. They are paying full-whack and you want to keep them happy. But, with under-market tenants, this is just insane. What, exactly, are they worried about? That the tenants

The problem with portfolio sales

As the market heats up, am seeing more and more portfolio sales. That’s when an owner decides he’s ready to exit the market and offers up all of his properties for sale together, rather than individually. There are at least three reasons for an owner to do this: He’s not interested in selling part of the

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