Cities such as Bakersfield, Calif.; Orem, Utah; and Loveland, Colo., aren’t typically top of mind for institutional investors. But groups that once bypassed such secondary and tertiary markets in favor of major metros are now putting these smaller markets on their radar.
Read MoreDespite misconceptions around market performance of secondary and tertiary markets in the Western United States, these markets prove to be more economically robust and less volatile than primary markets, according to Graceada Partners’ research reports, Economic Vibrancy in Secondary & Tertiary Markets and Real Estate Fundamentals in Western U.S. Secondary & Tertiary Markets.
Read MoreFolsom-based TOR Wealth Advisors has raised $2.6 million in equity for a pooled investment fund, according to afiling with the Securities and Exchange Commission.
Read MoreOutpost market specialists Graceada Partners released a ranking of top tertiary cities in the US. NAREIM spoke with principals and co-founders Joe Muratore and Ryan Swehla about their methodology, ‘quantifying’ the quality of life factors that make these markets attractive, and building out their acquisition system in new markets.
Read MoreGraceada Partners has acquired The Meridian at Lakewood, a 96-unit, garden-style apartment complex in Lakewood, CO, a western suburb of Denver. The investment is part of Graceada Partners Fund III.
Read MoreEmployees lead the shift from primary and secondary cities to more affordable and livable areas with the rise of hybrid work environment, according to Graceada Partners in its The Emergent Value of Third City Markets report, which ranks tertiary markets that represent strong potential for real estate investment.
Read MorePrimary markets (such as Chicago, Los Angeles, New York and San Francisco), and hot secondary markets (such as Austin, Charlotte, Denver and Phoenix) have gotten crowded and expensive when real estate assets are performing well, begging the questions: How much money is being left on the table in tertiary markets? What are the challenges to investing in these markets, and how are they best evaluated and accessed?
Read More
