After a year when virtually every corner of the real estate landscape was affected by Covid-19, multifamily was no different. A new report from Colliers International illustrates some of the more notable multifamily trends of 2020. Aaron Frederick, an executive vice president who specializes in multifamily with Colliers International Sacramento, highlighted some of them.
Report on multifamily in 2020 includes some surprises
Executive Vice President
As the strategic real estate partner to multifamily investors throughout the Greater Sacramento Area & Central Valley, I provide, educated market knowledge, dependable industry advice, and detailed property assessment. My role, first and foremost, is that of an advisor. The real estate transactions I facilitate are a by-product of that relationship. My clients and I have built relationships based upon their business and a deep understanding of their goals. Together, we determine where they are going with their assets by understanding where they are today. My clients are mom & pops looking for a long-term plan for retirement, partnerships, family operators wanting a secondary source of income, and REITs expanding into new markets. Every situation is unique therefore I’ve never adopted a cookie cutter assessment. Each acquisition, disposition, and exchange is more than simply trading property. My success is helping my clients create success in their business.
Whether we are facing deferred maintenance, distressed properties, neighborhood issues, or unforeseen problems in escrow, I pride myself on my ability to deal with the unknown and work through the challenge to find a resolution and overcome the unexpected. My clients rely on my ability to look at each transaction from different perspectives and my open collaboration with the larger broker community.
On a personal note, I am a husband, avid reader, and, in the past, provide oversight & operations to a local men’s rugby club. Sharing knowledge and mentorship is something that is very important to me. As such, I lead a personal development workshop for a group of New Generation professionals in my office. We have discussed topics such as personality types, Carnegie, and the Compound Effect.