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Although the multifamily market has seen huge headwinds, the competition for buying these assets remains fierce. Even in this market, there is still lots of competition, but Lee has managed to find great value-add properties that perform well and generate great returns for his investors. There are still markets experiencing rent growth, and the long-term prognosis for multifamily remains strong as a result of a persistent national housing shortage. Lee Yoder, Founder and CEO of Threefold Real Estate, has done a great job acquiring and managing Class C properties in Southwest Ohio. Lee recently brought property management in-house to achieve greater operational efficiency and profitability.
