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The Allure of Class C Apartment Properties

The institutional market is flush with capital and with the bidding frenzy, many are turning to the class C space to find a better cap rate, say panelists during a session at last week’s national GlobeSt. Multifamily conference.

By Natalie Dolce | November 01, 2021 at 05:36 PM

LOS ANGELES—Despite the uncertainty within the market, class C properties are being touted as the best-positioned property for an economic slowdown by some experts in the market. During a panel discussion at the national GlobeSt. Multifamily conference here in Los Angeles, panelists discussed the gap between rent rates for class A and class C properties and reviewed some of the current trends within class C properties.

According to Henry Manoucheri, chairman and CEO of Global Integrity Realty, the institutional market is flush with capital. There is a bidding frenzy in southern California as well as in places like Phoenix, Denver, and areas of Florida among other places, he explained. 

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