Jessica Perry//May 18, 2022
With 22 residential units and more than 17,000 square feet of commercial space, The Kislak Co. Inc. announced six recent multifamily and mixed-use property sales May 18 adding up to $5.5 million.
Senior Vice President Don Baxter was involved in each of the transactions:
“Sellers are taking advantage of a ‘perfect storm’ with these recent sales – a climate tempered by a lack of inventory coupled with relatively low interest rates,” Baxter said in a statement. “Investors who waited during the pandemic have cash to place in safe investments such as these. Conversely, those who purchased during the pandemic have assets that have already appreciated.”