IN THE NEWS

The Southeastern Wildlife Exposition (SEWE), in its 38th year, kicks off Charleston's visitor season, generating tens of millions in economic impact. Strategically scheduled in February, it draws over 40,000 attendees, significantly boosting hotel occupancy rates by over 20 percent during the weekend.

Held at various locations, including Belmond Charleston Place Hotel, SEWE generated $16.4 million in direct visitor spending last year. Maintaining strong partnerships with companies like Boeing, the event focuses on enhancements and growing relationships, with this year's VIP program sold out and ticket sales expected to surpass 40,000.

For more information 
https://postandcourier.com

 PAUL'S MARKET PHILOSOPHY

I had the honor of attending THE BUCKHEAD BLUES hosted by Contractors, Closers, and Connections with Chris Maier and Special Guest Bob Knakal, the #1 CRE Broker in NYC with over $21 Billion in sales. The event, held in Atlanta, Georgia, welcomed me into a vibrant atmosphere filled with 600 attendees, lively dancers, live music, and a tantalizing spread of drinks and cigars!

The previous year & hope for 2024

Engaging in conversations with fellow brokers, private equity buyers, contractors, and consultants, everyone agreed that while the previous year had been somewhat sluggish, there was a prevailing sense of optimism for the prospects of 2024. Surprisingly, many expressed skepticism about the likelihood of witnessing six rate cuts this year, with most leaning towards the expectation of one or two rate cuts instead.

One recurring theme that emerged from these discussions was the heightened emphasis on underwriting deals. Many emphasized the importance of remaining proactive and continuously seeking out opportunities rather than adopting a passive approach. Overall, the prevailing sentiment was one of enthusiasm, with a shared belief that this year holds significant promise for success in the market.

During my interactions, I connected with two individuals engaged in nationwide investment ventures. When I mentioned my affiliation with Charleston, they showed genuine interest and appreciation for the city. One individual stated, “Oh, Charleston, that’s a great market- we’ve been trying to find the right opportunity there for 5 years!”

Meeting Bob Knakal

Probably the greatest highlight for me personally was meeting BOB KNAKAL. Though our conversation was brief, his advice resonated deeply: “Know your market better than anyone, and preach it to everyone you know.”

Upon reflection, I realized that while I've verbally informed current and prospective clients about the market here, I haven’t provided my newsletter subscribers with a detailed breakdown of Charleston. It’s imperative to me that people grasp the value our market offers and the opportunities it presents for the right individuals.

Tune in next week, where I’ll bring you up to speed on The Charleston Market and help you become an expert on Multifamily Opportunities here.

NEW DEALS

As of this week there have been no new listings, contingent nor closed properties.

The below list contains every single multifamily property (5+ units) being publicly marketed in Charleston that we have compiled from LoopNet, Crexi, Costar, and 2 different multiple listing services.

Should any of these properties interest you, please do not hesitate to reach out to us directly. We would be more than happy to provide you with the additional information we have on file. 

Bucking the Blues: Sips, Dips, and Real Estate Tips from THE BUCKHEAD BLUES Bash with NYC's $21 Billion Man, Bob Knakal