kevin Finkel of Resource Real Estate “There are people that call themselves value-add guys, but they’re really not doing much,” Finkel says.

PHILADELPHIA—The lion’s share of new apartment deliveries over the past few years has been in the class A arena, a trend that isn’t likely to be supplanted. However, while Kevin Finkel, EVP at Philadelphia-based Resource Real Estate, certainly understands the rationale behind this emphasis, he sees a disconnect between the product coming on line and the product seeing the strongest rent growth—and, therefore, investor returns.