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RCRE – Acquiring in Nashville

 

Mike Taravella and co-host Will Coleman interview Adam Klenk and Tyler Mayo of Capstone Apartment Partners.

Key Information:

  • Underwriting models should factor in the new reserve requirements and hold periods based on what market the asset is in.
  • Different markets require different reserve amounts.
  • What metrics to look for if a market or sub-market is being over developed.
  • High job growth and high market rents are good indicators to look for in regards to the development stage.
  • How extended due diligence periods and financing contingencies are affecting buyers and sellers.
  • Ask a lot questions and clarify any details during the underwriting process if you are misaligned on price with the seller
  • Focusing too much on off the market deals can make you miss out on good on market deals

 

Expert Pro Tip: “Ask Questions”

Contact Information:

(615) 861-9906 – Adam Klenk

(662) 386-1622 – Tyler Mayo

https://capstoneapts.com/

 

To register to invest with us:

https://invest.randpartnersllc.com/invexp/accounts/login/

Rand CRE’s Facebook: https://www.facebook.com/randcre

Rand CRE’s Linkedin: https://www.linkedin.com/company/randcre

Rand CRE’s Instagram: https://www.instagram.com/randcre

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