why syndicators do this?

[Helen Zhang]

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?

[David Lilley]

We routinely buy well located multifamily properties in Dallas around 125k per door. Lots of factors at play in this question.