Photo of Kristen Croxton Value-add investors are increasingly turning to nearby smaller or suburban cities with many of the characteristics of their larger counterparts, writes Croxton.

“Nobody goes there anymore. It’s too crowded.” – Yogi Berra

McLEAN, VA—Is the smart money is preparing to leave the hot markets? When asked where they expect to find the greatest increase in value in the multifamily market, “outside the city centers” was the message from investors at the recent RealShare Apartments Conference in Los Angeles. In 2017, attendees responding to Capital One’s annual Multifamily Survey saw their greatest opportunities in the urban core. This year, many are looking farther afield to suburban, secondary and tertiary markets.

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