REITS Make an Attractive Investment

Great piece on the REIT.com website on the attractiveness of REITs for investors seeking returns in the current market. Their points are all valid : As the global population ages, the investing world’s appreciation for dependable income streams to fund retirement continues to grow. At the same time, economic uncertainty and global financial concerns are weighing on the stock market, making dividend-paying equities more appealing. Against that backdrop, REITs’ history of performance indicates they are sitting in a sweet spot for investors searching for hard-to-find, stable yields. “It’s not surprising that REITs, which generally pay a healthy dividend, should be considered as part of any allo

Strong Profit Growth Keeps Apartments as Favored Property Type

Great article from CoStar on the strong fundamentals in the multifamily asset class - particularly the Class B communities that PGP tends to focus on. We are actively looking for new properties in the $2,000,000 to $4,000,000 price point, 50 to 100 units, with strong occupancy history and some value-add possibilities! From the article: Apartment property performance in 2015 continued to outperform even the strong performance seen in 2014 and 2013, according to the latest financial data collected on thousands of multifamily complexes. And the net operating income performance for the property sector may still head higher. The combined 2015 net operating income at nearly 5,900 conventional m

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