Bridgeport Target Returns? by Gross Rent Multiple

[Christopher Collins]

What do investors in Bridgeport target for first year gross rent multiple (GRM)?

I am used to a gross rent multiple target of around 8.6 for places in Stamford but in Bridgeport that seems to be very easy to get. Based on historical appreciation Bridgeport lags Fairfield and has higher taxes so you would expect a lower G.R.M., but what seems to be the current going GRM in Bridgeport?

Thanks,
Chris