LOS ANGELES—Capital markets experts at Marcus & Millichap's second annual Multifamily Forum say that yields are getting crushed in class-A markets, but that could be good news for developers.
By Kelsi Maree Borland|June 09, 2014 at 10:57 AM
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LOS ANGELES—In the hyper active class-A markets, yields are being crushed, according to Scot Cunningham, VP sales manager of the multifamily division at AmericanWest Bank, and one of the speakers on the Stacking the Debt, Capital Markets Overview panel at Marcus & Millichap‘s second annual Multifamily Forum. Cunningham was not alone, the other panelists, who included Tony Fire, SVP and regional director at Intervest/Umpqua Bank; Edward Ratinoff, managing principal at James Investment Partners; Lydia Shen, managing director at Cornerstone Advisors; and Carlo Tabibi, co-Founder and CEO at Patch of Land, agreed that either B and C product or assets in secondary markets are becoming a more attractive place to invest capital.
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