121-Unit Park Villas in Tallahassee, FL with Neal Bawa, Apartment Syndication Expert

Dec 18, 2023

Neal Bawa
This podcast guesting of Neal Bawa is hosted by Whitney Elkins-Hutten of Multifamily Investor Nation.

Whitney Elkins-Hutten of PassiveInvesting.com interviews Apartment Syndication Expert, Neal Bawa, about his recent multifamily property deal: the 121-unit Park Villas in Tallahassee, Florida. He dives deep into the acquisition process, competition for the property, and the unique strategy of repositioning apartment communities as townhome communities to cater to a new audience. Neal also outlines the impact of COVID in 2020-2022 on home prices and identifies a gap in housing options, especially for families in the $65,000 to $85,000 income range. From due diligence, property assessment, and tenant engagement, to property marketing, lending, and the investor structure, Neal sheds light on the challenges and lessons he learned through it all. Tune in as Neal highlights the importance of continuous learning and provides a comprehensive exploration of the intricacies involved in a multifamily real estate deal.