IPO 2nd Quarter 2020 News
July 1, 2020 – Bloomfield Hills, MI
IPO is pleased to announce recent data from NMHC’s Rent Tracker found that 92.2% of rent was paid in May, up from April numbers. This collection rate is nearly on par with May 2019 and demonstrates the resiliency of the multifamily sector. Whiles sales volume and transactions were down in Q2 due to “stay-at-home” orders and the temporary cessation on lending from banks, activity has significantly rebounded. IPO once again has a robust pipeline of pending sales and has witnessed very strong demand from both equity and debt investors for the multifamily asset class.
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Income Property Organization in Bloomfield Hills, Mich. offers customized multifamily brokerage services that are designed to meet the specific needs of a wide range of clients — private owners as well as institutional investors — who want to buy or sell multifamily assets. To learn more or inquire about multifamily investment opportunities, contact IPO at (248) 932-0300.