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With construction costs having increased for value-add properties, and better deals coming online for newer properties, acquiring older properties may make less sense than a few years ago. Older properties also have a lot of maintenance costs and higher unit turn costs. As prices continue to come down for newer properties, these deals pose less risk and greater reward. Mark Weinstein, President of MJW Investments, has acquired over $1,5 Billion of apartments, student housing, commercial buildings, industrial, and self-storage facilities over the last several decades. More recently, Mark has focused on Multifamily in growing markets that have been less impacted by oversupply.
