Prime class A multifamily investments are harder to find at this stage in the cycle. At the same time, secondary and tertiary markets are seeing an uptick in investment. That has trickled down to class C multifamily assets in some cities.
GlobeSt.com caught up with Jim Reed, director of Franklin Street in Jacksonville, to get his thoughts on this trend in part three of this exclusive interview. You can still read parts one and two: Why You May Want to Invest a Little Further North and What CRE Investors Are Concerned About Most Right Now.