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In major markets across the U.S., residential rents have shotten up dramatically over the past 10 years. As a result, many renters have moved further out from urban cores. For operators of apartment complexes, investing in markets outside of the urban cores has made sense because these markets have also seen rental rate increases, but the prices are less, especially for buildings with fewer than 100 units. Mike DesRosiers, CEO at Growth Capital Group, has acquired over 1000 units, mostly in secondary and tertiary markets in Texas. Mike started mostly in single family properties in the Bay Area prior to investing in these great cash-flowing markets.
