Interesting Way To Source Deals
Today I received a blast e-mail from a TIC sponsor looking for properties. It's interested in student housing and multi-family properties. I wonder if the sponsor got any response. Maybe another sponsor can off-load a couple of crap deals, because its obvious these guys are not the brightest stars in the sky. Besides the odd premise of the email, I was surprised that the sponsor wanted student housing. Several years ago many sponsors were lulled by the high cap rates of student housing apartments and have since found out why those cap rates were so high.