How can multifamily property values increase? There are many net operating income drivers that can be put in place amid rising market costs and interest rates, and slow deal-making, according to panelists at GlobeSt's Multifamily Spring 2023 Conference.
The first step is to evaluate proptech. For Tess Gruenstein, senior vice president of acquisitions and portfolio management at Bailard, Inc., the key thing to keep in mind is how much the resident is paying each month.
"Is it going to be helpful to us as an investor? Is it going to be helpful to our residents' daily lives or the value proposition of the building? Is it going to be helpful for the operator and reduce their workload?" Gruenstein said.
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Melea VanOstrand
Melea VanOstrand oversees the Daily Business Review as ALM's Florida Bureau Chief. Email Melea at [email protected] or follow her on her Twitter or Facebook pages.
