@moseskagan What is the the minimum required unleveraged return on cost to justify a new development of a small apartment (less than 20 units) building in a good LA location today?
@moseskagan Spot on Moses. Some thoughts for small developers…
1. Rent for sale product for 2 years, then sell. Tax options & limits CD exposure. Create tenant/buyer benefits w/structure
2. RE prof. status. 50/50 Rental vs For Sale, tax benefits
3. Low lev debt ok
4. LP flexibility
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