Purchase price: $4,800,000 Cash invested: $4,800,000 Sale price: $4,800,000 This was a package of Duplexes, single family and urban lots. 91 total properties, 123 units.

The improvements in Columbia Heights have spilled over into Petworth, and for a less densely urban feel you can always consider Silver Spring.

Regardless I enjoyed scoping out the area and found it was much more urban than I expected.

Add in the student debt, baby boomers looking to move to urban environments and other pressing reasons for apartments, you have pretty sound logic.I will let a lender speak on the financing issues, but don't forget to look at the avenue of investing in projects being built, passively. 

I'm in a similar position - it's a new construction urban apartment building and I'm trying to find others who have used CPACE as part of the stack.I get the concept, have heard the sales pitch and seen the term sheet, but don't understand how the 1st position lender will treat it. 

and I'm hopeful we can in 2022 (after 1.5 yr. lease is up).To the millennial demand I agree on that point too, I think a lot of people are worried about there being some sort of housing crash but right now I see 1) millennials are buying their first homes driving up demand and this will continue for years, 2) people are moving out of urban areas (I see this as temporary for the majority of people but there will definitely be a large portion that never move back), 3) interest rates are at historic lows, and 4) inflation is around the corner (maybe not this year, but 2022-2023 I could see it as the government needs to inflate away its debt).

Is this a real thing or just an urban legend?

It's a capitalistic society so you can do whatever you want to make more money. 

MichaelIf you follow the punch list below, you'll probably have success in the space.Don't buy in the roughest neighborhood in the urban core.

There is so much growth on both sides of the stateline and both the suburbs and the urban core.