Urban Asset Advisors

Well said Emily Logue ! Could not agree more. We want the on-site leasing staff to be primarily focused on the tenant experience but also realize many sites can’t financially support the other different and important functions such as social media, etc. but with a centralized program the site can help support a proportional share. But one of many good examples of how this approach can work. Hands on Asset Management and supporting our management teams will be the game changer (always has been, but even more critical now)

Let's talk about Cap Rates. Author: Tim O'Brien

Apartment Occupancy/Rents - Good News - Portland, Oregon Happy to share good news, particularly about apartment occupancy and rents as they pertain to Portland given the nearly constant negative headlines that Portland has received nationally these past 4+ years. In our team meeting today while getting our portfolio asset management update, it occurred to me that our portfolio has been reporting steady increases in occupancy. We've been able to begin selectively increasing rents at properties that had been stagnant up to this past February. When I asked what our average occupancy across our project portfolio was, my team reported that we were sitting at 93.51%. This great news was my prompt for sharing with our LinkedIn community this afternoon. While I am naturally "Cautiously Optimistic" it does beg the question; have we turned the corner? I have been speaking with many of my good friends and colleagues who own and operate apartment buildings like us in the Portland/Oregon market and most are also seeing improvement and expressed this same cautious optimism. Most portfolios are sitting above 90% with many in the mid 90% range like UAA's and have been able to lower or drop concessions while selectively and cautiously beginning to increase rents to make up for these many years of stagnancy and dropping rents.

We sat down with Urban Asset Advisors to talk about their fund, recently added to our private reserve. Checkout this latest update on the UAA Fund II, LLC and find out if it pairs well with your investment goals. Watch Here: https://hubs.la/Q02F6HDc0 #UrbanAssetAdvisors #FundSomm #RealEstateInvesting #Opportunity

We're excited to announce our partnership with FundSomm as our chosen marketplace for UAA's second fund. FundSomm offered up an opportunity to host our fund in a marketplace that prioritizes the investor first. This was important to us because as the market has evolved, deals have become more complex, timelines are expedited, and misinformation is truly rampant. Partnering with investors who are knowledgeable, innovative, and collaborative is crucial in pursuing investment opportunities in today's market and we feel confident in what and who FundSomm brings to the table. The due diligence, documentation, and verification required of our partnership with FundSomm was thorough (to say the least) and we feel confident knowing that the investors using FundSomm are equally active, informed, and credible. Stay tuned for a Q&A to be scheduled soon!

We are in conversations with our investment partners and groups many times a week asking how Portland is doing and when/if we believe it will recover. It is for those folks I am posting this as we are seeing progress on many fronts to clean up our city and swing the pendulum back to pre-Covid times. Of course we don’t know when it will feel really back, but Portland is a beautiful city with access to amazing nature, weather, activities, friendly people to name but a handful of it’s numerous strengths. It will come back in my opinion; it truly is a matter of when, not if.

Thank you Darris Cassidy for sharing this simple explanation of a fund vs a syndication. We facilitate both opportunities for our investors and this is probably one of the most common questions we receive. Why invest in the fund versus into a syndication? What is the difference? Diversification is at the top of that list and while we absolutely believe diversification is one of the most important factors in building your investment portfolio, there are also incredible advantages to participating in a fund beyond diversification. Access to deals and competitive buyer positioning are just a couple of reasons. Pursuing acquisitions with a fund elevates your ability to compete with other buyers exponentially. Capital sources are one of the most influential variables in buyer selection right now and is why investing in a fund with an experienced sponsor is something we were adamant in being able to provide to our investors.

Our founder and CEO, Tim O'Brien, was recently inspired by a lively discussion around transparency in showcasing highly successful investments as well as scenarios where our team had to adjust and solve for the unexpected. He shared a recent case study where our team had to restructure an investment and work to extend the life of our business plan.