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Having a Balanced Property, Balanced Portfolio Is Key

SAN DIEGO—Panelists at the recent NMHC Apartment Strategies Outlook Conference here say that the larger multifamily units are higher demand but there is more pressure on those units so balance is key.

SAN DIEGO—At the recent NMHC Apartment Strategies Outlook Conference, panelists talk about what makes for a more stable community and why larger 3-bedroom units might be the place to investment. In a follow up to that article, Robert Hart, president and CEO of TruAmerica Multifamily, said that what he finds when we are dealing with larger units in the portfolio is that the cost of maintaining them is much higher.

When Daryl Carter, chairman and CEO of Avanath Capital Management LLC, mentioned that he continues to see demand for larger apartments, noting that his firm is trying to buy properties that have a lot of three bedrooms because those don’t seem to turn over as much, Hart agreed. But while he agreed that the larger units are higher demand, he said there is more pressure on those units. “More people means more pressure on the unit,” he said. “The key is to have a balanced property and a balanced portfolio.”

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Natalie Dolce

Natalie Dolce

Natalie Dolce, editor-in-chief of GlobeSt.com and GlobeSt. Real Estate Forum, is responsible for working with editorial staff, freelancers and senior management to help plan the overarching vision that encompasses GlobeSt.com, including short-term and long-term goals for the website, how content integrates through the company’s other product lines and the overall quality of content. Previously she served as national executive editor and editor of the West Coast region for GlobeSt.com and Real Estate Forum, and was responsible for coverage of news and information pertaining to that vital real estate region. Prior to moving out to the Southern California office, she was Northeast bureau chief, covering New York City for GlobeSt.com. Her background includes a stint at InStyle Magazine, and as managing editor with New York Press, an alternative weekly New York City paper. In her career, she has also covered a variety of beats for M magazine, Arthur Frommer's Budget Travel, FashionLedge.com, and Co-Ed magazine. Dolce has also freelanced for a number of publications, including MSNBC.com and Museums New York magazine.

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