http://www.bizjournals.com/denver/news/2017/02/10/timing-right-for-redpeak-developers.html
What a great project and perfect sale timing! Knowing the guys at RedPeak, this wasn’t luck, what a awesome assemblage of talent they have and what a great job of maximizing their clients asset!
As someone who, as an investor, personally experienced the multi-family crash of the early to mid-2000’s this makes me wonder about the buyers of multi-family assets at this point in the market cycle. Depending on your view of the crash, we’re nine to ten years into a recovery, over 23,000 building permits currently pulled and apartment vacancy rates on the rise. What about interest rate increases, they’re coming. Will these buyers be able to hang on through the next downturn? Not all will, and a downturn will come, and when it does there will be good opportunity in this sector.
Whether you are looking to buy or sell, the Brokers at Western Investor Network are here to help. Call Tony, Matt, Margaret or John at 720-344-1174 today. Start realizing that dream to own commercial real estate. Western Investor Network, providing “WINning Real Estate Solutions”