Regulatory Environment Creating New Opportunities in the Multifamily Market
November 29, 2018Increased regulations governing rent regulated properties are resulting in new opportunities for buyers and sellers in the multifamily market, according to James Nelson, Principal and Head of Avison Young’s Tri-State Investment Sales team.
“We’re finding that in this tougher regulatory environment, many smaller, “mom and pop” owners who have owned properties for decades are now ready to sell due to the increased management burden,” Nelson said. “At the same time, larger, private and institutional investors with more management resources are entering the market looking for product.”