Updated over 4 years ago on . Most recent reply
What is your exit strategy?
What is the best way to liquidate a portfolio?
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Mike Dymski
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Mike Dymski
#5 Investor Mindset Contributor
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#5 Investor Mindset Contributor
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- Greenville, SC
Put the package on LoopNet or get a commercial broker to sell it. You and your broker can take your NOI and the market cap rate to figure out a sales price. Determining the cap rate for a package of 57 individual properties will take some art and be heavily discounted relative to contiguous units but it can be done and that's been one of two possible exit options all along as you built the portfolio. Or, sell one-by-one as leases expire. Not sure what the issue is with COVID...are you concerned that residents will squat and not leave? That is happening but it's rare in most places.