zroesinger, Real Estate Pro in Denver, CO

When will Black Rock begin to sell off it's stabilized assets in Colorado?

Asked by zroesinger, Denver, CO Sun Nov 10, 2013

Black Rock (https://www.blackrock.com/institutions) purchased a large proportion of discounted multi-family units in Denver during the 2008-2012 real estate disaster in Denver and across the country. With a rep at every auction and limitless cash, they would outbid the average investor. How long until they sell off those stablized assets?

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2
I agree with Bob. Also with rental rates increasing as they have been and demand not slowing...it wouldn't be a smart move on their part to unload anytime soon. And they always make the smart move.
1 vote Thank Flag Link Wed May 7, 2014
They are not going to sell. They are one of the world's largest asset management funds. Check their site. They bought low and will hold. Meanwhile, demographic change, it is harder to buy than say in 2007. Result: more renters. And there is BlackRock ready to capitalize on investments during the recession.
1 vote Thank Flag Link Tue Nov 19, 2013
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