by Mark Devereaux | Apr 29, 2021 | In The News
March 27, 2020 For starters, we hope that you and your family remain safe and healthy. The last three weeks have become a truly historic time in our country. This is a new time and new territory for everyone as we remain vigilant to support our public leaders and our...
by Mark Devereaux | Apr 28, 2021 | In The News
People ask me all the time why I invest in apartment buildings. Here’s my answer: 1. Wealth creation. It’s no secret that when you look at the wealthiest Americans, they almost always have used commercial real estate to grow their fortunes. 2. Safety in...
by Mark Devereaux | Apr 25, 2021 | In The News
The National Multifamily Housing Council (NMHC)’s Rent Payment Tracker found 79.8 percent of apartment households made a full or partial rent payment by April 6 in its survey of 11.6 million units of professionally managed apartment units across the country. This...
by Mark Devereaux | Apr 25, 2021 | In The News
Skyrocketing lumber pricing and low supply, in addition to cost increases and delays for other building materials, continue to hamper multifamily and affordable housing development around the nation. The issues began a year ago when lumber mills shut down due to...
by Mark Devereaux | Apr 6, 2021 | In The News
A couple of years ago, I was fortunate enough to come into contact with the best multifamily broker in Michigan and quite possibly the best of the Midwest. Kelley and I were looking at a deal in Clio. I called the listing agent, who happened to be Al Beachum of...
by Mark Devereaux | Mar 19, 2021 | In The News
Most passive syndicated investments don’t provide for investors to maintain many voting rights. Accordingly, the passive investor must spend time and perform due diligence on the operating partner, in our case, Stelvio Equity Group LLC. In addition, passive...
by Mark Devereaux | Mar 17, 2021 | In The News
The Covid-19 pandemic has been challenging for everyone. As we continue to work through the challenges and unknowns, TransUnion sees positive signs that renters will exit the pandemic well-positioned. Read the full article here. TransUnion Study Points to Positive...
by Mark Devereaux | Mar 15, 2021 | In The News
Real estate syndicators, such as Stelvio Equity Group LLC, typically sell a portion of the ownership interests in their company that will own the income-producing real estate. The company the investors will buy into is most often a limited liability company (LLC) set...
by Mark Devereaux | Mar 14, 2021 | In The News
Although there are a number of ways to structure syndication for multifamily apartment properties, Stelvio Equity Group LLC generally uses a 2-class structure for its investor LLCs. Class A interests or shares are purchased by equity investors. Class B interests or...
by Mark Devereaux | Mar 14, 2021 | In The News
You may have heard the term K-1. Maybe you know what it is, maybe you don’t. K-1 refers to the IRS form an investor in an LLC treated as a partnership for tax purposes would receive stating the “Partners Share Of Income, Deductions, Credits”. This...
