Home ownership in the US has dropped to levels not seen since the 1960’s. We believe renters need to save cost now more than ever, and renovated class B/C communities are poised for continued growth. We focus on our customer: residents looking to reduce their housing cost in comparison with newer developments, who seek a sense of community, and are willing to pay a premium for service and a nice place to live.
The multifamily sector has strong demographic and financial tailwinds for a variety of reasons:
Allows renters great flexibility over single family housing
Typically close to jobs, restaurants, and transportation corridors
Millennials delaying marriage and single family purchases, seniors downsizing.
Record high loans limit buying power for single family housing borrowers
Does not require large buyer cash down payments
Housing can’t be outsourced, risks that affect other property types
Accretive to the sector but detrimental to others (e.g. Amazon impact on Retail)
Short term leases allow for quick adjustments when rents increase
B’s can be purchased at discounts to replacement cost
Andrew Biskind is an integral participant in the acquisition, development, design, asset management, and financing of all Avenue North projects.
Prior to Avenue North, Biskind’s experience includes site selection, acquisition, development and sale of over 3,000 multifamily units (over $500 million in value) with Wood Partners in both Arizona and Nevada. Andrew also previously held positions with Berkadia, the Wolff Company, and Alliance Residential.
Andrew graduated with both a Marketing and Real Estate Finance degree from Southern Methodist University in Dallas, Texas. He is a Phoenix native, graduate of Brophy College Prep, active member of the Arizona ULI Young Leaders Group, Vistage member, and is a licensed Arizona real estate salesperson.