May 10, 2019 - 0 Comments - Multifamily Property -

Video: Crown Bay Group Managing Partner Steve Firestone Provides an Operator’s Perspective on Class C Multifamily Investing

Steve Firestone, Managing Partner with Crown Bay Group, joins Michael in Studio One to discuss tips for managing and investing in C-Class apartment properties also referred to as workforce housing. Crown Bay Group typically has 200 to 400 C+ to B- multifamily housing. He notes that they’ve seen great rent growth in recent years. He notes that investing in such properties is not rocket science, but you need to know what you’re doing, as it has its own set of specific challenges. Also discussed are opinions on whether it is a buyer’s market or a seller’s market, with an answer ever so typical.