What is Ironton’s investment outlook for the next 3-5 years? What do you foresee being the best opportunities in the future for the commercial and residential real estate industry?
We expect a mild recession or soft landing in 2024.
It looks like Ironton is investing in more residential townhome development projects, including a couple expensive SFH builds. Does the lack of affordability and changing economy concern you with these types of projects?
Around 30% of buyers are cash buyers. The market share of cash buyers tends to increase at higher price points. For the SFH projects, prior experience has shown we often end up selling to an all-cash buyer that is immune to interest rate shocks. High end buyers that are not all cash usually put down […]
Are you concerned about the dramatic increases in insurance premiums in the markets that Ironton is investing in, specifically, Florida?
For new buyers, it’s more of an opportunity. For existing owners, its more of a risk.
I’ve been reading about a lot of multifamily properties going to foreclosure due to the rising interest rates. I recently had a capital call as a result with one of the syndications. How does Ironton and the partners you work with limit the possibility of capital calls?
There are several things we do: