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- Happy 4th of July!
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"There were 55,000 jobs created last year and employment has grown at a rate of over 3% every year in the past decade. The city’s diverse economic base, including data centers, warehouse distribution and chip manufacturing (evidenced by TSMC’s $65 billion chip manufacturing plant under construction in north Phoenix) bodes well for long-term rental market prospects."
-Brian Smuckler, Senior Managing Director at JLL
Hi Nuvo Community,
Happy 4th of July! As we come together to celebrate the birth of our nation, we want to extend our heartfelt gratitude for being part of our multifamily community.
This Independence Day, we hope you enjoy quality time with family and friends, whether you're attending a local fireworks display, hosting a BBQ, or simply relaxing at home. Let's take a moment to appreciate the freedoms we enjoy.
Stay safe, have fun, and may your day be filled with joy!
All the best,
Nuvo Capital Partners Team
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Question: How do you conduct due diligence before purchasing a multifamily property? | Answer: Conducting due diligence before purchasing a multifamily property involves thoroughly inspecting the property's physical condition, including structural integrity, systems, and compliance with local codes. Additionally, it requires a detailed financial analysis, reviewing historical income and expenses, rent rolls, and market comparisons to assess the property's profitability and future performance. Finally, researching the local market conditions, including neighborhood trends, employment rates, and potential for future development, ensures the investment aligns with your financial goals and risk tolerance. |
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 | From Italian Sausage to Family Riches w/ Pat Greco In this episode of Keeping it in the Family Office, Pat Greco from GSI Family Office shares the inspiring story of his family's journey from humble beginnings to building a successful multi-generational family enterprise. The Greco family's roots trace back to the late 1950s when Pat's grandfather emigrated from southern Italy to Chicago with little more than a fifth-grade education and a dream of a better life. Overcoming numerous challenges, Pat's grandfather and his family worked tirelessly to make ends meet, eventually finding success in the food service industry. |
Quiz of The Week
What is "Effective Gross Income" (EGI) in real estate?
a. The total income before any expenses are deducted
b. The total income after deducting operating expenses
c. The total income after deducting property taxes
sǝsuǝdxǝ ɓuᴉʇɐɹǝdo ɓuᴉʇɔnpǝp ɹǝʇɟɐ ǝɯoɔuᴉ ʅɐʇoʇ ǝɥꓕ ·q
Random Tip of the Week
✨ Highlight Risk Mitigation - Address potential concerns by outlining how you plan to mitigate risks associated with the investment. Demonstrate a thorough understanding of potential challenges and your strategies for overcoming them. A well-thought-out risk mitigation plan can instill confidence in potential investors and make your opportunity more attractive.
Current Rates (Weekly Update)
10-Year Treasury - 4.43% (⬆️.21%)
Fed Funds Rate - 5.33% (0%)
1-Month Term SOFR - 5.33% (⬇️.01%)
About Nuvo Capital Partners
Nuvo Capital Partners is a niche market-focused multifamily investment platform operating throughout the Southeastern United States. As a dedicated sponsor (General Partner), we specialize in institutional quality real estate investments within these regions. Our team comprises industry professionals with 25+ years of combined experience, ensuring expertise and market knowledge. We pride ourselves on offering a transparent investment process, providing our investors with access to high-quality real estate opportunities while upholding integrity throughout.
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