Our Perspective 11/ 2/ 2021

Jake Leibsohn provides insight in Western Multifamily & Affordable Housing Business

SEATTLE, WASHINGTON (November 2, 2021) – Jake Leibsohn, vice president of Northmarq’s Seattle office, discusses the trend of investors following residents to Seattle’s suburbs and how cap rates have compressed since the start of the pandemic in Western Multifamily & Affordable Housing Business. The story focuses on how more development opportunities cropping up outside the urban core, driven partly by an expanding light rail system, are prompting a strategic shift.

“If you’re buying something for an in-place, sub-4 percent cap rate, it’s likely because you are betting on the long-term rent growth potential in Seattle, which is a good bet,” said Leibsohn.

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The story originally appeared in the September/October 2021 edition of Western Multifamily & Affordable Housing.

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