Deal of the Year!
Last week my partner Tom and I were presented with the NH CIBOR 2015 Residential Investment Deal of the Year Award. Being one of the biggest deals in the state, we knew it was sure to garner to press and attention, but nothing had quite prepared me for the barrage of requests for interviews and congratulatory emails and phonecalls.
“Most analyst across the country have noted that this sector is overvalued in the primary areas, as a result investors are seeking higher yields and lower risk in secondary and tertiary markets like New Hampshire” – Me, during an interview
More important than the deal itself, however, is what the deal indicates. If we are able to sell a $12.5 million New Hampshire asset, and in the same year also sell the Riverside Trust Portfolio for $11.125 million, this clearly demonstrates the insatiable appetite among investors for large mutli-unit properties within the state.
Feel free to check out the full article here.