5 Arch CMO Michael Miller Moderated a Forum for Middle Market Multifamily Investors
The Information Management Network (IMN) Middle Market Multifamily Forum – West brought investors from across the region to sunny Santa Monica to network and share ideas that would contribute to the growth of their Middle Market Multifamily investment businesses.
Building on its philosophy of providing products and platforms that support small and mid-sized multifamily investors, 5 Arch signed on as a Bronze sponsor of the event. Chief Marketing Officer Michael Miller moderated the panel, “How Do You Create Value? Opportunistic and Value-Added Plays.”
Diving Deep into the Challenges of Choosing the Best Value-Added Plays
Miller led a team of investors, realtors, and brokers in an inspiring and informative panel discussion exploring multiple topics, including how to find the most profitable value-adds and upgrades, challenges and resolutions of property management, and how to measure and manage capital expenditure ROI.
Participants in the panel were: Brian Chuck, managing principal of Calvera Partners; David Lichtenger, managing partner of Intrepid Capital Investments; Adam Riddle, co-founder and principal of Nexus Commercial Realty; Sean Miller, president of PointCentral; and Andreis Lewis, CEO of Radius Properties.
Miller asked the right questions to elicit honest and helpful responses from the panelists. Each panelist brought a unique background and perspective to the conversation, sharing advice from virtually every market in the western United States, from Colorado to Silicon Valley.
Exploring the Challenges of Older Properties and Deferred Maintenance
Fast-paced and thought-provoking, the 40-minute discussion also covered the risks of deferred maintenance and the challenges associated with older properties from the 1960s and 1970s. Additionally, investors struggling to fill empty apartments or wondering when it’s OK to push rents found expert answers they could trust. Of course, no discussion about apartment rentals would be complete without suggestions on how to attract millennials.
Several questions and answers focused on the value of building community in a multifamily rental with innovative ideas to bring apartment residents’ closer for special events or with communal amenities such as outdoor workout areas.
The panel wrapped up with the investment experts discussing nationwide trends and came full circle with a synopsis from Miller of the key talking points.
Missed the Conference? You Can Still Hear the Talk
So, what are the best value-add plays and apartment amenities to enable higher rent prices and fewer vacancies? Common area improvements, outdoor updates that create curb appeal, and fitness-related amenities were just a few of the suggestions.
If you missed the panel, however, or would just like to learn more about the multifamily market, it’s not too late. You can listen to a full recording of the panel discussion, How Do You Create Value? Opportunistic and Value-Added Plays now.
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