Ben Adams, CEO of Ten Capital Management was featured in an article this month by Sondra Campanelli of Real Estate Finance & Investment titled Investors chase suburban-core deals as Millennials trickle out of cities. The article interviewed prominent commercial real estate investors about the opportunities in suburban-core as Millennials look to trade their rent payments for mortgages. Adams says in the article, “We have tended to focus in affluent suburbs of ‘gateway cities’ in close proximity to public and private transportation. These suburbs tend to be characterized by high household incomes, high residential property values as well as high levels of educational attainment and comparatively low crime rates.” Adams added, “When they (Millennials) do decide to form households, our hunch is that many of them will not feel so comfortable raising a family in a really cool live/work/play micro-unit that offers below par public school options.”
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