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“Our team saw just a major disconnect between buyers and sellers. The bid-ask spread between buyers and sellers always seemed to be somewhere between 50 to 100 basis points on a cap rate basis.”
-Ted Bickel, Managing Director at Northmarq
Hi Nuvo Community,
As we welcome the new year, Nuvo Capital Partners extends warm wishes for a prosperous 2024. May the coming months be filled with unprecedented success, strategic opportunities, and collaborative achievements. Thank you for your continued support, and here's to a year of exponential growth. Happy New Year!
Happy Real Estate!
All the best,
Recent Multifamily Sales (Click to view details)
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Recent Multifamily Loans (Click to view details)
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Question: When incorporating technology into multifamily property operations, how do you strike a balance between innovation and maintaining the human touch in tenant relations? | Answer: Integrating technology into multifamily property operations necessitates a delicate balance between innovation and preserving personal connections with tenants. Implement smart building systems for efficient maintenance and security while ensuring that personal interactions remain a priority. Leverage technology for streamlined communication and tenant services, such as online portals, without sacrificing the human touch. Regularly solicit feedback from tenants to gauge their comfort level with technological changes and adjust strategies accordingly. This balanced approach ensures that technology enhances operational efficiency while maintaining the crucial human element in tenant relations, contributing to overall tenant satisfaction and retention. |
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 | 2024 Forecasts: Interest Rates and Multifamily Performance On the heels of a CPI report showing inflation on the slow decline, Federal Reserve Chairman Jerome Powell announced that the FOMC would keep the federal funds rate at its current level, with 3 rate cuts expected in 2024. Stock markets reacted with the typical enthusiasm associated with the hope of lower interest rates, and some interesting buying opportunities could emerge in 2024 for investors tracking stronger long-term rent growth and lower financing costs in the multifamily market. |
Quiz of The Week
Which metric assesses the efficiency of a property's operating expenses compared to potential rental income?
a. Cash Flow Ratio
b. Expense-to-Income Ratio
c. Rental Efficiency Index
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Random Tip of the Week
🗣️Strong Communication - Open and transparent communication with tenants, property managers, and partners is essential for successful real estate investing. Clear communication builds trust, fosters positive relationships, and helps address issues promptly, leading to smoother operations and better investment outcomes.
Current Rates (Weekly Update)
10-Year Treasury - 3.81% (⬇️.06%)
Fed Funds Rate - 5.33% (0%)
1-Month Term SOFR - 5.35% (0%)
About Nuvo Capital Partners
Nuvo Capital Partners is a niche market-focused multifamily investment platform operating in the Southeast. 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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