Investing in Industrial and Multifamily

[Will Daube]

We recently closed on a $9.2M industrial sale in Wilmington, NC. Despite covid-19 we have seen a continuation in investment property activity despite a drop in owner-occupier activity. Contrary to expectations we are still receiving lease inquiries for industrial, flex and office space. We are seeing dips in NOI's in multifamily caused by covid-19. However, interestingly enough there is not any evidence of cap rate growth.

I am curious to know what sort of activity others are noticing across the southeast. 

[Blake Dailey]

Congrats on the recent close - there looks toe be continued activity in the commercial space.

In the South East markets I look at for multifamily I have yet to see cap rates affected but have heard the grumblings of the dips in collected rent, and as this continues into May that may get worse. I'm still seeing low advertised cap rates and overly optimistic NOI projections.