Updated over 2 years ago on . Most recent reply
why syndicators do this?
Not sure if everyone feels the same way as I do…
Ever since the pandemic, I have not seen any of the syndicators that I previously invested with come up with solid deals. I don’t understand why would they make purchases or construct apartment buildings around 220k-270k per door (1-3bd apartments) while single family residence built in early 2000s in the area are for 270k-325k. These are the same syndicators that would buy 100k per door when single family prices were 200k+. And no they are not buy and hold forever, they are just construct to sell or buy hold and sell.
What am I missing out on? Why are they doing this?
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We routinely buy well located multifamily properties in Dallas around 125k per door. Lots of factors at play in this question.