LOS ANGELES—It looks like multifamily in theNorth L.A. and Ventura market is poised for another strong year,according to Jim Fisher, a principal inLee & Associates' L.A. North/Ventura office.As we count down to the end of the year, we sat down with Fisher totalk about the L.A. multifamily market and his marketsspecifically. With cheap capital, low vacancy rates and climbing rents, he expectsmultifamily to experience a strong 2015.

“The L.A. multifamily market is very healthy. The major trendswhen you look at multifamily are pretty much the same across theboard,” Fisher tells GlobeSt.com. “There is low cost of capital,and people are enjoying low interest rates and rent growth. Peoplethink this is a good time to transact because capital is cheap,interest rates are low and cap rates are very low. This is a goodtime to be a seller.”

Overall, investors of all types are looking for Los Angelesmultifamily properties. “You have institutionalcapital readily available, but they are only going to buylarger assets and don't really compete with the small transactionsunder $20 million,” says Fisher. “We are seeing a lot of exchangemoney—high net worth transactions. You are also starting to seesome foreign money showing up from China. They will generally lookat transactions both big and small.”