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Updated over 6 years ago,
Who buys repositioned MF?
MF investors always look for some sort of value-add opportunities when buying, and so will I. The goal is often common as to buy one at below market price with an opportunity to add value, raise rents, reduce expenses (increase NOI/Reposition it) and sell (or re-fi) within 5-7 years based on loan terms and exit strategy. Question is: if all investors are looking for deals to add value, who will actually buy my building for top $$ when I want to exit?
I am sure there are investors who like to buy "no-work needed" deals but I am guessing those would be very few and eventually, I will have to lower my expectations and settle for less. Please share how you overcome this issue or guide me if I am not thinking through this correctly. Thanks a lot!