WHY INVEST IN APARTMENTS?
Multifamily properties historically maintain a structurally lower vacancy rate than other product types and generally exhibit greater resiliency in holding their values during market downturns. Demand can still increase for apartments in economic downturns when homeowners turn to renting to preserve capital and renters cannot afford to buy. Lenders offer superior terms due to investor familiarity with this asset type, and there is a wider availability of financing options.
The relatively high turn-over of apartment units (vs. office buildings, commercial space and single family homes) allows us to continually improve the assets as tenants move, increasing rents and therefore increasing value.
WHEN INVESTING OUT OF STATE HOW DO WE STAY “HANDS ON” WITH OUR INVESTMENTS?
Moneil Investment Group, LLC (MIG) ensures property supervision and profitability by working closely with our sister property management company Moneil Management Group, LLC [MMG], to fit the individual needs of each asset, taking into consideration the property class (B,C or A…) size, location and individual strategy for each asset.
MIG plans to have local District Managers, Regional Managers and Asset Managers in all of our target markets as we acquire more assets.
DO I NEED TO QUALIFY FOR A LOAN?
MIG qualifies for all loans so no guarantees are required of our investors. Because we use limited liability companies to structure our deals, investor liability is limited to the amount of their investment and their outside assets are protected.
Investing in Multifamily Properties
We have observed that Wealth Management firms are currently moving many of their investors towards multifamily investment opportunities like those offered by MIG. The earning potential in the commercial real estate market is climbing in key states like Texas, North and South Carolinas, Phoenix, Chicago and California, so there is an increased amount of interest in multifamily projects, according to Nreionline.com.
Private Equity firms and individuals are seeing high returns in the multi-family sector due to the simple need and demand for housing in larger markets and highly populated areas. The investment opportunities to build, develop, acquire and / or renovate multifamily complexes are producing attractive investment gains.