Reznick Group’s Big Happy Multifamily

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.

Continue reading this story with a free account

Log in or register
Related Topics: Joshua Northcutt
Sign up for more articles like this
Subscribe to Bisnow's Charlotte Newsletters
Related Stories

Downtown Atlanta Improvement Group Picks Food Bank Chief As Next Leader

Trump's DEI Crackdown Is Creating New Risks For Landlords That Lease To The Government

Brandon Johnson Seeks Second Term Amid Strained CRE Relationship

Luxury Marriott Hotel Will Take Space In Charlotte Office Conversion

Former CBRE Exec Suing Brokerage Giant Over Age Discrimination, Whistleblower Complaint

D.C. Investor Behind The Stacks Swaps CEO For First Time In 25 Years

CBRE IM Buys Net Lease REIT For $1.6B, Plans More Investment

The Difference Between Service And Hospitality That Makes A Flexible Workspace A Success

Beyond The Boom: How Miami's CRE Market Continues To Be Resilient

Sixers And Flyers Unveil Renderings Of South Philly Arena Due In 2030

The Opportunities, Limitations And Benefits Of Reserved Investor Funds

After 5 Years Of Gains, Commercial Real Estate's C-Suites Just Got Less Diverse