RCRE - Following the Data with Robert Durham and Jordan Brooks

Jake and Gino Multifamily Investing Entrepreneurs

Jake & Gino

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5 • 831 Ratings

🗓️ 6 May 2020

⏱️ 47 minutes

🔗️ Recording | iTunes | RSS

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Summary

Mike Taravella and co host Will Coleman interview Robert Durham and Jordan Brooks with ALN Apartment Data. Key Information: ALN provides data to apartment owners throughout the country. DFW: About 82% of tenants paid rent in April compared to 90% in March. Occupancy still looks strong, Jordan is not seeing a drop in Occupancy for Dallas so far. Atlanta: Rents have increased about 0.2% in 2020 compared to about a 2% increase in 2019. Jordan is not seeing a large jump in concessions as of yet. Demand is looking good in Atlanta. Orlando: Rents in Orlando have been flat for a while with rents growing less than 1% per year for the last couple of years. Robert believes there will be some investment opportunities in Orlando due to the negative impact COVID-19 will have. Phoenix: Rent growth in the first quarter was 2%. Rent concessions are being less prevalent. They are also seeing a strong occupancy of approx. 92%. Nashville: They have seen a negative absorption in the first quarter of this year. Stabilized class A has seen a 2% drop in occupancy. Nashville is a very active market with a strong supply being added. Expert Pro Tip: Make sure you understand the diversity and data of your market!

Transcript

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0:00.0	Welcome to the RAN CRE show commercial real estate with no stone left unturned.
0:10.0	Hey everyone, welcome to the RANCRE show. I'm Mike Taravella and I'm here with my co-host, Will. How's it going, Will?
0:17.9	Doing well, Mike, just running the marathon one step at a time and excited to have
0:21.5	our guests on the show today. Absolutely. And the RANC-R-E show, just a reminder is we're a vertically
0:26.6	integrated firm that helps passive investors find deals and also we help active investors find
0:32.2	financing. So if you have any question for us, hit us up at info at rancere.com.
0:38.6	Will, how about you introduce our all-star team today?
0:42.9	Sure, Mike.
0:43.4	So we're lucky enough to have two guys today.
0:45.8	I initially spoke to Robert, and he's like, I've got to bring on my guy Jordan here.
0:49.9	So first introduced Robert Durham.
0:52.3	Robert has a 16-year career in multifamily. He's held numerous
0:56.3	positions for multifamily operations, including property management, due diligence specialist, an asset
1:01.9	manager, and a private consultant. Currently, Robert specializes in multifamily owner-style use
1:07.9	multifamily data points at ALN apartment data.
1:11.8	He's also currently a partner at a multifamily property management and
1:15.5	ownership firm does private consulting for other multifamily owners and investors.
1:20.8	And as a national speaker on multifamily subjects, Robert has overseen a total of
1:25.6	6,930 units and underwritten over 60,000 for private placement
1:32.1	memorandums and performance analyst analysis throughout his career.
1:36.0	That's a long intro there, Robert, so I appreciate you coming on.
1:40.3	And then Jordan Brooks, who is a market analyst over ALN data. His efforts focus on integrating
	...

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