| Reznick Group Atlanta principa l Eddie Lusk confirms that in Atlanta as well as most of the Southeast, the commercial real estate resurgence is being led by multifamily development. Multifamily is ticking up with market rate apartments, student housing, and assisted living. Challenges exist finding good sites and for those developers needing lending to get the deal done. Eddie tells us that developers are jumping on premium sites as soon as they become available. With lenders nervous, constraints and guarantees are being put on developers. To get a good site, developers sometimes joint venture with the landowner and promise them part of the return on the deal beyond the purchase price. Toss in lending hassles, the deals that happen are typically by those developers with deep pockets with developers requiring lending missing out on the best sites. For more info on our sponsor,click here. | ||
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Eddie Lusk
, Reznick Group Atlanta
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