Reno was the final stop of the 2019 Figure 9 Real Estate Multi-Family Market Tour. We got to Reno very optimistic about the opportunities for investment and growth potential of the market.

As noted below, Reno had the highest Job Growth and Lowest Vacancy in all the markets we visited, so we were hoping to find some Value-Add Multi-Family investment opportunities.

Here is a summary of what we found:

Stats

Below are a few of the key market indicators:

Pros/Cons

Here are some of the PROs and CONs from our impressions:

Our Impressions

We like Reno. Getting some time on-site definitely confirmed what we saw in the market data and economic statistics.

There were multiple Value-Add Multi-Family opportunities we were able to locate while we were there.

Conclusion

With the solid economic outlook and Value-Add Multi-Family opportunities, we are going to actively focus on Reno.