With fewer easy deals on the market, investment velocity may slow down this year, despite strong fundamentals.
“The property is a perfect addition to our portfolio of transit-oriented workforce housing, and we will add additional value by enhancing management and resident services,” says Andy Wallace, CEO of One Wall Partners.
In this EXCLUSIVE, Steve Van of Prism Hotels & Resorts says the earlier a hotel project is in the development cycle from land acquisition to stabilized hotel sale, the greater the risk it will be impacted by a recession.
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