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While many novice investors jumped on the fast and furious multifamily train in recent years, the stalwart industry pros were focused on finding the best tracks — not necessarily the ones most traveled. Multifamily investment and asset management expert Michael Anderson, CCIM, chairman and founder of RealSource in Salt Lake City, has built his 30-year career on finding the best destinations for his clients. “When I formed RealSource in the recession of 1989 it was with the belief that the real estate markets would eventually recover. The trick was finding which markets would recover first, getting there ahead of the recovery, and then doing the same in the successive order of market recoveries thereafter,” he says.
represented the CCIM Institute as an expert...
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