Popular programs are spurring rapid growth in areas that were once overlooked
“The tough part is finding tenants crazy enough to follow you into them,” he said. “We’re only as good as the tenants that follow us.”
That’s Jaime Sturgis, CEO of Native Realty talking about their strategy of investing in “emerging neighborhoods”. Locations that most people would overlook, but big data and math tells them otherwise.
Most of their forecasts start 10 years out, and they use analytics to gauge future interest and values that will eventually mature.
Most of the properties that they buy are in neighborhoods that, at the time, were once unknown. For example, the now booming Flagler Village. A 2 acre parcel in the area was purchased for $2 million, it’s now worth around $10 to $15 million.
