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One of the little discussed sectors of multifamily investing is townhomes. Townhomes are easier to build than large apartment complexes, and they have strong appeal to certain segments of renters. Townhomes appeal more to families and attract stable, higher income households. Tenants also tend to stay longer in townhomes than traditional apartments. Josh Green, Co-founder of Traverse Capital, has many years of multifamily development experience, and is developing his first ground up townhome community in Southern Utah. Josh loves the economics of townhomes and will continue to develop and acquire existing townhome communities.
