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Especially when the property market is tight, interest rates are high, and construction costs are soaring, Historic Tax Credits can be a critical source of funding for owners and developers seeking to reap the benefits of rehabilitating a historic property.
While many have seen record-breaking quarters over the last two years, none have experienced such volatile shifts quite like those within multifamily development. Panelists at the GlobeSt. Multifamily National Conference spoke on delays that impact timelines, inventory shortages and more at the two-day event.
"My advice to get a foothold in the industry is to take any available position that will get you in the door," says Mindy Mcilroy, president of Terranova Corp.
Build-to-rent has quickly become one of the most desirable asset classes in commercial real estate, but the extra competition isn't deterring investors.