It isn’t only the Sunbelt region attracting apartment capital. You can now add Cincinnati, Columbus, Dayton, Lexington and Louisville to the list of markets that are garnering investor attention. CRE start-up Vision & Beyond Capital Investment is targeting these Midwest markets with plans to invest $250 million over the next several years.
These cities, according to the firm’s CEO Stas Grinberg, have attractive growth dynamics, including population growth, job growth and favorable cost of living. In Columbus, Ohio, for example, there are 50 people moving to the city each day. In addition to the strong demand drivers, Grinberg also says that these are business-friendly cities. “We invest all over the Midwest. I like that the regulatory environment is favoring developers, and I am not starting in a market where I am competing with giants without any voice or influence,” he tells GlobeSt.com.
-Kelsi Maree Borland, Globe St.
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