by Jordan Lester | Apr 8, 2025 | Blog, CRE Trends
Criteria: Multifamily, 5+ Units, Spokane County, Sold in 2025 Q1 Total Properties Sold: 14 Total Units Sold: 185 Total SF Sold: 133,456 Total Volume Sold: $22,904,603 Average Sale Price/Unit: $132,083 Average Sale Price/SF: $178 Average Sale Cap Rate: 6.29% Average %...
by Jordan Lester | Mar 12, 2025 | Advisor Insights, Blog
Vacancy rates in Spokane County have been on the rise since Q1 2021, currently averaging 7.7%, a significant increase from the 3% seen in 2021. In my daily conversations with Spokane County multifamily owners, many are experiencing more and longer vacancies before...
by Jordan Lester | Feb 12, 2025 | Advisor Insights, Blog
Cost segregation is a strategic tax planning tool that allows investors in real estate to maximize their depreciation deductions. Residential real estate is depreciated over 27.5 years, but cost segregation allows owners to accelerate depreciation on personal property...
by Jordan Lester | Jan 22, 2025 | Blog
Apartment owners, buyers, and sellers should be aware of ongoing development projects in order to prepare for potential increases in vacancy rates, especially if these projects are near their properties. Currently, there are only 955 apartment units under construction...
by Jordan Lester | Jan 15, 2025 | Blog, CRE Trends
Criteria: Multifamily, 5+ Units, Spokane County, Sold in 2024 Total Properties Sold: 55 Total Units Sold: 1,554 Total SF Sold: 1,279,978 Total Volume Sold: $190,174,149 Average Sale Price/Unit: $121,528 Average Sale Price/SF: $163 Average Sale Cap Rate: 6.27% Average...
by Jordan Lester | Dec 4, 2024 | Advisor Insights, Blog
In a recently published article I wrote discussing the three primary multifamily investment strategies (private investments, real estate syndications, and real estate investment trusts (REITs), along with the pros and cons of each that can be found here: Three Types...
