Multifamily
topic on 3 shows · 7 statements across 4 episodes
My First Million 
the Paul Morris Podcast 
Capital Allocators
7 statements about Multifamily, every show
Morris: Multifamily investors entering hotel deals must have hospitality experts
“However, if I'm looking at a deal I would not do a hotel deal or if somebody came to me and they said, Hey, I've had all the success in multifamily. It's great. I'm looking at a hotel deal. I'd be like, stop. You must have someone on your team that knows hospi…”
Boucai: Agency financing gives multifamily continuous debt market access over other sectors
“Because of buyers, we can borrow off of Fannie and Freddie financing, we always have access to borrow from the bond market effectively, whereas the other asset classes have more risk in accessing the debt capital market.”
Boucai: Low capex enables multifamily to distribute cash more consistently than office
“Multifamily is a asset class that Has historically had low capex. It lends itself well to making distribution, whereas things like office or retail are tenant improvement heavy. Therefore, maybe more episodic in its ability to return capital to investors.”
Broyer: Multifamily investing is far less crowded due to overleveraged syndicators
“Multi-family is far less crowded than it was a couple of years ago, given the number of people that have floating rate debt, that are over levered, that are on the sidelines, that can't raise capital.”
RV Parks Hedge Macroeconomic Cycles Better Than Traditional Residential Real Estate
“With a mobile home or an RV park, you don't maintain the units. You just maintain the infrastructure under the ground. It's a hedge against the economy. When the economy's good, the millennials and the boomers are traveling, you got short-term stays. When the …”
Mullen: Single-family rental will permanently remain an asset class like multifamily
“Framing it broadly is I think this will always be an asset class that people invest in like multifamily. It's never going away, right?”
Pretium is actively seeking to acquire or build multifamily servicing platforms
“As we continue to drive the efficiency of asset servicing, we should bring that to multifamily in the same communities that our single family homes are in. So we're actively seeking out platforms to purchase in those communities or create one.”