Developer · Boise ID · Member since 2016 · 287 posts · 110 votes
Hey BP. Looking to develop a new hotel/apartment hybrid and have identified Omaha as a potential city to target based on the business economy. Numbers and returns are based on a mix of hotel rates and Multifamily Class A/B lease rates. In looking at some of the MF lease rates, it is all over the place and tough to pencil (not sure if I am over estimating my construction cost but looking into that). Wanted to see if anyone has experience or is in the Omaha market that could provide insight. Targeted property is close to University of NE Omaha, east of central Omaha. That seems to be a high net worth area of Omaha. Any thoughts on areas you MF investors like?
Omaha, NE · Member since 2014 · 57 posts · 15 votes
7y
@Jonathan Orr I’ve lived and worked in Omaha my whole life and would be happy to answer some questions about area. I will message you about someone who may be a good person to get in contact with in regards to your questions.