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Reznick Group’s Big Happy Multifamily

Reznick Group’s Big Happy Multifamily
Joshua Northcutt
Reznick Group Charlotte office managing partner Joshua Northcutt reports that the multifamily market is as piping hot in the region as it is nationwide. It seems that there is at least a deal a week, and those investors and developers who have gotten out of multifamily are jumping right back into the fun. Josh also tells us of a Reznick plan that maximizes in the early years of a deal: namely 15% to 40% of depreciable assets are accelerated to provide earlier bennys. This frees up hundreds of thousands, even  millions of dollars in increased cash flow if the developer wants to hold the deal for more than five years. CRE in Charlotte still sits at a 9% to 10% vacancy rate, which has actually improved since Bisnow's State of the Market event last summer. For more info on our sponsor, click here.
Related Topics: Joshua Northcutt