Private money sees opportunity in San Antonio Apartment market

To paraphrase Will Balthrope of Balthrope Group of the Marcus & Millichap National Multi-Housing Group – now is the best time to buy San Antonio apartment projects in the last twenty years, as quoted in the San Antonio Business Journal.  Although San Antonio hasn’t been as hard hit as areas such as Phoenix and Miami, there is a growing list of over-leveraged owners in position to sell.  This creates opportunity for buyers.  And the buyers in a position to take advantage of that opportunity aren’t the typical institutional investors but the private investors.  Read more (Distressed assets taking center stage among apartment investors: San Antonio Business Journal, June 19, 2009)