In the current high-interest rate environment, investors have a unique window of opportunity to acquire multifamily properties at a discount. Deals are available for investors, as long as they enter the market well-informed. As the principal of a family office and co-founder of a privately held real estate investment firm, we are currently allocating into multifamily ahead of other real estate asset classes.
Gindi Equities has acquired Osgood Townsite Apartments, a 243-unit community in Fargo, N.D., making its debut in the local market. Property Resources Group sold the asset, but will remain in charge of management. The buyer plans to revamp the property.
Claire has an MSA in accounting with over 18 years experience (15 of which are in real estate) and 7 years in public accounting. Claire has been our controller for 2 years.
This distinction recognizes Al’s achievements in leadership of the Gindi Equities and ASG Equities organizations as well as his contributions and impact in philanthropy.
The past few years of the real estate market have been like a roller coaster ride. Since Covid, we have seen supply, demand, interest rates and prices shift radically. Times like these would typically call for caution among investors, but opportunities may exist for those who can navigate these complex market conditions effectively.
The multifamily property located at 2701 Homestead Rd in Chapel Hill, NC has been involved in a recent closed transaction. The property consists of 224 units and has been acquired by Gindi Equities.
Gindi Equities said it invests in what it calls “top-performing multifamily platforms, growing generational wealth for our investors and improving the quality of life for our residents.”
Ashbrook Village, a 423-unit apartment community in Gastonia, sold for $37.2 million last week to New York-based Gindi Equities.
