GlobeSt Apartments 2019

This week, IMG President & CEO, Neil Schimmel, and Director of Acquisitions & Dispositions, Kevin Crook attended the national GlobeSt APARTMENTS 2019 event in downtown Los Angeles. 

The event brought together key industry stakeholders to network and exchange ideas on the current as well as future challenges and opportunities and included the industry’s top owners, investors, developers, brokers and financiers.

Some hot-button takeaways from GlobeSt APARTMENTS 2019 included: 

  • Data is still king. It lets multifamily real estate owners and investors measure results, and should be a priority in maintaining a competitive advantage.

  • Many apartment owners and asset management teams are thinking outside the box on community amenities and value creation. Think: grab and go food in lobby kiosks or partnering with food delivery services.

  • Apartment investors still need to be selective in strategy, especially when it comes to top-of-the-market rents.

“As an acquisitions professional, the GlobeSt Apartments 2019 conference here in LA was a good way to connect with brokers from all over the United States, while letting owners know that IMG is a reputable buyer and sponsor of multifamily real estate,” said Director of Acquisitions & Dispositions, Kevin Crook. 

And as far as trends?

“It’s a mixed bag. According to panelists, there could be some sort of correction in early 2020. Rents in some markets may rise with growth in the 3 to 3.5% range. Overall, though, I’m optimistic for 2020.” 

 


ABOUT IMG

Investors Management Group offers multifamily investments via 506(c) securities to its partners investing cash, self-directed IRA funds and 1031-exchange proceeds. Since 2010, IMG has transacted over $1.4B with $410M in multifamily assets (over 2,500 units) currently under management nationwide.