Multi family investment sales
I have a question for you all. Is there any value to the multi family investor in dealing with a big commercial real estate company, i.e. CBRE,JLL, vs working with a regular residential broker.
There there seems to be no value in working for a big broker vs a smaller residential agency.
When it comes to multi family investment sales, the big brokerage houses seem to compete not only with other big CRE firms, but also the small residential agencies. Big forms like JLL, CBRE, seem to.be better equipped to.handle office, retail, industrial etc..Please help this newbie.
When you say residential agency, you mean like a C21 or Remax office that mainly does 1-4 unit stuff?
what in god's name is this person tlaking about
lol
OP, is your question if you're selling an MF property as an investor should you use a big firm like CB or JLL (or an M&M) versus the local resi broker? Completely depends on the size and value of the property and the market you're in. At the extremes, if you're selling a triple decker in Boston CB/JLL's not going to give you the time of day. If you approach the local resi broker who normally does SFR's and a few 3 unit investment props every year and say you want to sell your class A 400 unit MF asset their head will explode and they wouldn't know what to do. Then there are tons of properties and brokers in between. It really depends on the market and which brokers are good in your asset size.
I think this might be the answer OP was looking for lol
I think what you're asking is should you work for a big firm or regional indepedent firm when doing multi family? There is no real advantage unless you are doing big time institutional apartment buildings. If you want to do Multi Family, I would suggest starting out at M&M or maybe Colliers. You'll have no advantage in selling apartments at CBRE vs. M&M But I would stay out of a "residential" office. Unless there is an agent in there that is doing Multi-Family, killing it, and will train you.
^^ still have no clue what we're talking about
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