Connect Apartments Conference Recap

On September 15th, Greysteel Managing Director John Mullen joined 500 commercial real estate professionals at the Connect Apartments 2016 event held by Connect Media. Watch the video recap here.

Mr. Mullen, along with executives from Hunt Mortgage Group, Universe Holdings, and Luthur Burbank Savings, discussed why deals below $15 million are so attractive in today’s market. Observing the concentration of these types of transactions on the west coast, Mr. Mullen noted, “If we look at the Western region, under $15 million, 70% of those deals are being done in California and 35% are in Los Angeles and Ventura County.” The one-day conference, held at the JW Marriott in Downtown Los Angeles, featured numerous panels focused on a variety of topics including deals less than $15 million, an economic forecast on the multifamily market, institutional investments, development costs, agency lending, buying and selling properties, and how multifamily deals are being financed.