It's become a parent that we need to upgrade our community features in the multifamily strategy Mentorship.
We are starting to work on regional groups. These groups will have community leads and will help with specialized market knowledge, as well as encouragement and guidance for the MFS Mentorship.
Community leads will have been part of the mentorship program successfully purchased deals, and love teaching and building community. We hope to have these launched by year end.
The 5 communities we are starting with are:
1. Northeast
• States: ME, NH, VT, MA, RI, CT, NY, NJ, PA
• Why: Dense urban markets (NYC, Boston, Philadelphia), older housing stock, heavy regulation, and strong rent demand.
• Leader Focus: Navigating rent control, high competition, and redevelopment of older assets.
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2. Southeast
• States: DE, MD, DC, VA, NC, SC, GA, FL, AL, MS, TN, KY, WV, AR, LA
• Why: Rapid population growth, strong inbound migration, landlord-friendly laws, Sunbelt hotspots like Atlanta, Charlotte, Nashville, and Florida markets.
• Leader Focus: Growth markets, new construction opportunities, and institutional capital flows.
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3. Midwest
• States: OH, MI, IN, IL, WI, MN, IA, MO, KS, NE, ND, SD
• Why: Affordable entry points, steady cash flow, lower volatility, legacy manufacturing cities seeing revitalization (Cleveland, Detroit, Kansas City).
• Leader Focus: Value-add opportunities, stable workforce housing, and secondary/tertiary markets.
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4. Southwest
• States: TX, OK, NM, AZ
• Why: Explosive growth in Texas metros (DFW, Austin, Houston, San Antonio), energy-driven economies, landlord-friendly laws, and strong population inflows.
• Leader Focus: Scaling portfolios quickly, development opportunities, and creative financing in competitive markets.
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5. West
• States: WA, OR, CA, NV, CO, UT, ID, MT, WY, AK, HI
• Why: Coastal powerhouses (Seattle, San Francisco, Los Angeles) mixed with high-growth inland states (Utah, Idaho, Colorado). Regulatory environments vary widely, but strong appreciation potential.
• Leader Focus: Managing regulation vs. growth, high construction costs, and tech-driven housing demand.