Grabbing-Up MFUs Like Crazy!

Other than the scurrilous and curious headlines topping-off what's called 'news' in the current cycle of things or euphemistically referring to 'private parts', these recent sales of Multi-Family Housing Units here in Mesa were recently made public.
The Take-Away = In Real Estate We Trust or REITs are back BIG TIME
At the same time new-construction costs are rising, so why not buy Value-Added properties of one kind or another?

MFUs aren't the only hot places to throw your money for either so-called safe havens or speculative markets, with interest rates so low, million$ sitting on the sidelines in ca$h on hand -  needing to go somewhere while the goin's get good to make more money.
That makes the local economy - and global world markets go 'round and 'round where interest rates have never been so low and tax reform so high a priority for those who have the dough and want to raise more.
Who can blame them for wanting to make more buck$?

But if you're in the workforce and employed maybe supporting a family, don't yet own your home and pay significant chunks of your income to rent, expect a rise in rents if you haven't already been asked to pay more.

Multi-family housing units, in high-demand and popular here in The East Valley where a car-driven culture thrives, usually sited in close proximity to quick-and-fast entry ramps to highways and freeways to get to your job, are selling like hotcakes these days.
Why? Simply put - They generate cash for investors - fast!

If you want to know five other reasons, take a look at this entry from an investor industry publication Cash Flow Diary:
"If you’re new to real estate investing, you’re likely doing deals in single-family houses.But if you want to ramp up your income, you will move into multifamily properties.
Before you take that step, you need to find out if it is right for you. . . "

For some it’s a no-brainer.
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Three recent MFU sales transactions:

1

Berkadia completes $49M sale for local multifamily property

AZ Big Media-Nov 30, 2017

Berkadia today announced the sale of Indian Springs Apartments, a garden-style multifamily community in Mesa. Senior Managing Directors Ric Holway and Mark Forrester, along with Senior Director Dan Cheyne, completed the $49 million off-market sale on behalf of the seller, Stratford Partners LLC. Managing Director

 

 

2

MultifamilyBiz.com

MG Properties Group Acquires 676-unit Multifamily Property in Mesa ...

PR Newswire (press release)-Dec 4, 2017

The company is targeting further acquisitions in Washington, Oregon, Arizona, California, Colorado, and Nevada. MG Properties Group (www.mgproperties.com) is a privately owned West Coast real estate owner and operator specializing in multi-housing assets. Over the last 25 years, MG Properties Group ...

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Recent deals between ready-willing-and-able sellers and buyers: