Multifamily Connect

Eric is the Co-Founder of Eastham Capital and has been investing in apartment communities since 2007. Prior to that he was with a firm called RentGrow that was sold to Yardi.  Eric has recently raised his 6th fund and is focused on workforce housing with average rents around $950 per month. Eastham is a value-add investor focusing on C properties in B markets and Joint Ventures with a selective group of "manager/developers." He has 44 properties representing over 10,000 units.  In this episode we talk about how his focus has changed with the current Health Crisis upon us, his take on rent payments and current property valuations.   Learn more about his Fund and strategy here: https://www.easthamcapital.com/about/

Kimberly heads up our multifamily housing advisory services group. Their client base is primarily multifamily developers and owners.  I wanted to hear what she was hearing from clients during the crisis and any trends that might be developing.  Obviously we are going to need to brace for a spike in unemployment and delays in rent payments but we are also going to need to be prepared for a new dynamic in leasing season once shelter in place and quarantines are lifted.  Kimberly has worked extensively with all commercial real estate  functions throughout the United States and Canada, including site  selection and development, due diligence, acquisitions, property  management and asset management. Kimberly is recognized as an expert in  the fields of multifamily consumer research, rent positioning, and  product design. kbyrum@meyersllc.com