Our Insights

Few tailwinds are as powerful for investors as demographics. Data on demographics provides an understanding of the characteristics of specific populations, which assists in forecasting trends for potential investment opportunities. One of the more powerful demographic trends is affordable housing for seniors, and the investment opportunity is in manufactured housing communities or MHCs. This is an asset class that I am most familiar with based on my solid understanding

As downtown offices sit empty, companies are embracing solutions to continue remote work during the pandemic and potentially for the foreseeable future. Those who no longer need to commute are finding more affordable housing outside of the city, causing an influx in suburban migration. For those still tethered to the city, landlords must adjust rents for an increasing number of unemployed Americans.  What this really comes down to is

A client once asked me to look over a DST property shown to him by another rep. Everything looked great on the surface, good cash flow, excellent market, in-fill location, but when I saw the name of the sponsor, I told him, “run, don’t walk, away from this property.”   What the client did not know was that this sponsor had a terrible history of mismanaging their properties. I showed

We hear the term “new normal” everywhere these days. And with good reason. But how will this new normal filter across the real estate market moving forward? What is the “next normal?” At this point, it is a question with challenging answers because so many important variables remain uncertain. Is COVID-19 waning, or are we still in round one of this fight? Will there be a round two? If

Real estate investors routinely ask me the same question over and over: “what should I be wary of when looking at DST real estate investments?” My answer is always the same: beware of high cash flow!

“Location, location, location” is the mantra we all know in real estate. But we can add an addendum to that: Growth, growth, growth.

Many real estate investors choose to invest in triple net leased (NNN) properties because they are, for the most part, management-free. While the desire to get out of management is understandable, especially for real estate investors that have worked hard managing their properties for decades and now want to enjoy the fruits of their labors, investing in single-tenant NNN properties brings a variety of risks that many investors fail to consider.  

In 2020, California voters will get a chance to decide whether to change Prop. 13, the landmark 1978 Ballot Measure that capped California property taxes. For more than 40 years, Prop. 13 has been deemed sacrosanct. No one could touch it or change it. And for good reason. 

One of the questions I am frequently asked by real estate investors is how financing works with Delaware Statutory Trust (DST) properties acquired through a 1031 exchange. We often only think of 1031s in terms of their simplest definition as a like-kind exchange, swapping property for property.

Based on my personal experience with both buying and selling local properties, and my obsession with the economics behind real estate values, the slow downward price trend forecasted by Bruce Norris and The Norris Group is coming to fruition in most areas of Orange County. Homes sales (activity) has been trending downward since the beginning of 2018.