dcg multifamily market report may 2016

1May 2016 DCG Multifamily Market Report

MAY 16 MULTIFAMILY SALES

Address Sale Price # Units $/Door Sale Date Notes Area Year Built

A 275 C St, Sparks, NV 89431 $620,000 12 $51,667 5/31/2016 Sparks 1963

B 1001 N Sierra St, Reno, NV 89503 $575,000 6 $95,833 5/4/2016 University 1938

C 1325 Prater Way, Sparks, NV 89431 $270,000 4 $67,500 5/31/2016 Sparks 1960

D 1909 C St, Sparks, NV 89431 $200,000 4 $50,000 5/20/2016 Sparks 1953

E 10005 Sagewood Dr, Reno, NV 89506 $200,000 3 $66,667 5/31/2016 North Valleys 1977

F 992 Vassar St, Reno, NV 89502 $270,000 2 $135,000 5/25/2016 East Reno 2002

G 812 H St, Sparks, NV 89431 $248,000 2 $124,000 5/16/2016 Sparks 1940

H 1026 W 2nd St, Reno, NV 89503 $170,000 2 $85,000 5/20/2016 Downtown Reno 1942

* Source: Costar, Dickson Commercial Group does not guarantee the accuracy of the data provided

MAY 16 MULTIFAMILY SALES - MAP


* Source: Costar, Dickson Commercial Group does not guarantee the accuracy of the data provided

MAY 16 APARTMENT RENTAL RATES


The following rental data consists of weighted averages for market rents of 23,753 Reno/Sparks apartments, 5+ unit complexes only.

DICKSON COMMERCIAL GROUP

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The team at Dickson Commercial Group has been working in the Northern Nevada market for nearly 35 years. Our seasoned group of real estate professionals offers deep and diverse market knowledge, proven problem solving abilities and resourcefulness with a complete focus on commercial real estate.

We work as a team in the truest sense of the word. We collaborate to find the best solutions and we leverage the specific knowledge of each agent. Our multi-faceted brokerage provides local, national and international clients the full array of commercial real estate services. Agents are trained specialists with accreditation through the Society of Industrial and Office Realtors (SIOR) and Certified Commercial Investment Members (CCIM).

May 2016 DCG Multifamily Market Report

DCG MULTIFAMILY

➔ Seller Representation➔ Buyer Representation➔ Large Multifamily (100+Units)➔ Midrange Multifamily (11-99 Units)➔ Small Multifamily (2-10 Units)➔ Rental & Financial Analysis➔ Monthly/Quarterly Reporting➔ Supply and Demand Analysis➔ Demographic Studies and Reports➔ Off Market Acquisitions

Trevor Richardson

Prior to joining DCG, Trevor was an acquisitions assistant vice president with American Homes 4 Rent (REIT), a national leader in single family home rentals. During his two years with the REIT, he operated on the front lines of growth and development while frequently traveling to more than 20 markets across the U.S. Trevor gained significant acquisitions experience as the company grew from 5,000 single family homes to more than 35,000 nationwide, almost entirely through single unit transactions.

Born and raised in Reno, Nev., Trevor launched his real estate career as operations manager for multiple private equity funds that focused on acquiring and renovating distressed residential assets in northern Nevada and northern California. Trevor graduated in 2010 with a B.A. in journalism with an emphasis in public relations from the University of Nevada, Reno.

Multifamily Services

EMAIL [email protected] 775.850.3031CELL 775.233.0754

Multifamily & Investment Property Specialist


dcg multifamily market report may 2016

Real Estate