Multifamily Asset Management Case Study: Forest Creek — Lessons from a Real Deal

What does it actually look like when a multifamily deal faces real headwinds? Staff turnover. A global pandemic. A prepayment penalty that hits at exactly the wrong time.

In this episode, Brent Kawakami breaks from the tactical format to walk through a real deal case study: Forest Creek, a 136-unit apartment community in Atlanta, Georgia. He covers what he liked going in, what he didn't, the challenges that showed up during ownership, and — most importantly — the three lessons every asset manager should carry forward.

In this episode you'll learn:

•       Why $56K/door and a 3% Fannie Mae rate made this deal attractive — and what the fine print cost at exit

•       How four regional manager changes in one year can quietly derail a property's performance

•       What COVID really did to Class C workforce housing in Atlanta — and how to lead through it

•       When pausing distributions is the right call — even when it's the unpopular one

•       Why taking chips off the table early is sometimes the smartest asset management decision you can make

This is part of the Think Multifamily Asset Management Series — go back to Episode 115 to start from the beginning.

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