Gabe Tovar and John Duvall featured in Midwest Multifamily & Affordable Housing Business
KANSAS CITY, MISSOURI (March 21, 2022) - Gabe Tovar, vice president- investment sales, and John Duvall, vice president - debt/equity, in Northmarq's Kansas City office shared their insights in the cover story for the most recent edition of Midwest Multifamily & Affordable Housing Business.
The story, titled "Kansas City dealmakers weigh in on cap rates, inflation, plus hot topics with clients," covered how the apartment sector is unequivocally the darling of the commercial real estate investment community today. Multifamily property and portfolio sales nationally totaled $335.3 billion in 2021, up 128 percent over the prior year, according to Real Capital Analytics. The volume of multifamily sales in 2021 was slightly more than double the volume of industrial sales, the next most frequently traded property type.
"What's been the big story in the Kansas City apartment market over the past year?"
Tovar/Duvall: Investors are searching for yield, and the secondary market has proven to be a resilient harbor for new capital entering the asset class. New market entrants in 2021 included several new syndicators, private capital funds, and institutions all landing their first acquisition in this hyper-competitive secondary market.
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Northmarq is one of the largest privately held commercial real estate firms in the United States, combining a nationwide presence with deep local expertise. With more than 50 offices across the country, we provide a full suite of debt, equity, investment sales, loan servicing and fund management solutions for a comprehensive range of property types. Our unique structure allows us to connect clients with the best opportunities, yet be nimble enough to ensure access to every expert across our company. The firm manages a loan servicing portfolio of over $80 billion and has completed $91.3 billion in transactions over the past fours years. At Northmarq, collaboration fuels results, helping clients achieve success in every market, nationwide.