Heartland Multifamily
Anyone here focused on apartments in the heartland (PA, OH, IN, WV, NY, etc)? Owners, developers, brokers, LPs, lenders?
Anyone here focused on apartments in the heartland (PA, OH, IN, WV, NY, etc)? Owners, developers, brokers, LPs, lenders?
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Yes, as an LP. Existing and new development. Wouldn’t consider NY as US heartland though.
I assume you mean western NY as "heartland" (like Rochester/Buffalo). Not focused on those markets, but very present.
Big difference between WV and the rest though, maybe even IN. Small asset/portfolio sizes and small per door cost means it's tough to play in those markets unless you're located there or truly focused locally. Bit easier in PA/OH/NY since you have some actual dense urban areas.
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