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Secondary Markets: Multifamily's New Frontier

BofI Federal Bank is one of our Thought Leader partners on Multifamily Leader, and Morgan Ferris tells us that he sees a growing demand for multifamily investment in secondary markets.

By Ian Ritter | Updated on February 20, 2013

Secondary multifamily markets are ripe for investment for smaller players, while the larger institutions continue to focus on class A assets in gateway markets. That was one of the main messages from our conversation with Morgan Ferris, senior vice president income property lending, at BofI Federal Bank. His firm is one of our Thought Leader partners on Multifamily Leader, as part of our coverage of MBA’s CREF/Multifamily Housing Convention & Expo earlier this month.

Globest.com: Were there any surprises about the market at MBA’s CREF multifamily conference, or were your prior impressions reinforced?

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