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Multifamily Special Report

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Q3 Research & Forecast Report

The Grand Rapids metro is the 51st largest MSA in the United States. The city’s economic base is diverse but is led by health care, manufacturing, and professional services. This has led to a current employment base of over 700,000 which has steadily grown over the last 10 years, totaling a growth of over 14%. The current state of the global pandemic caused unemployment to rise to 22% in Q2 2020, with the unemployment reducing to 7% in Q3 2020. Rents held steady this quarter as completions slowed and population growth brought demand. Economic and multifamily fundamentals support future strength relative to other markets, as household income and employment lead the region.


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Matt Jones

Associate Vice President

Grand Rapids

As Associate Vice President with Colliers International,  my primary focus is assisting clients in the acquisition and disposition of multifamily properties throughout the Midwest with an emphasis on West Michigan. 

My specialty lies in helping our clients maximize sale proceeds during the transaction process, but my team prides ourselves on our ability to deliver data driven market knowledge and trends to our clients throughout the life cycle of a property. As a property investor myself, I am able to view each assignment through multiple lenses to achieve the best results for my clients. My client list includes small and large developers, private equity funds, family trusts, and international investors. I have sold numerous properties to first time international buyers and maintain a network of contacts that extends far beyond the Midwest.

My entire professional life has been focused on multifamily investment properties and  I pride myself on delivering a hands-on, personal approach that has developed long-lasting business relationships with my clients. My team is focused on understanding our clients, their company, their long-term objectives, and being a true solutions-based adviser on their side of the table.

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Ryan Pena

Associate

Grand Rapids

Ryan  joined Colliers' Michigan Multifamily Team in 2019 to grow the Colliers' Multifamily footprint in Michigan. Ryan is responsible for originating, underwriting,  structuring, and executing multifamily investment sales and capital market transactions throughout the Midwest, with a focus on Michigan. In his first full year, Ryan was the highest grossing rookie in Colliers' Grand Rapids office. 

Prior to Colliers, Ryan interned with Advanced Real Estate Services in Irvine, CA. While there, Ryan assisted in identifying, analyzing, and executing new acquisition opportunities, growing investor relationships, and implementing operational efficiciences to grow the ARES apartment portfolio to over 8,500 units and $2.5 Billion across Southern California. 

 

 

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