Is Kettler the Next JBG?
Bob Kettler has become a huge player in multifamily, JV’ing with partners like JP Morgan, Mass Mutual, and ING. But could he pivot to his own private equity shop and financing?
—Pantzer Properties co-president Jason Pantzer, above, did a half billion of transactions as “situational buyers,” trying to “pick up fumbles” like brokerage processes gone awry or poor management, where they can add back value. Total US apartment sales in Q3, Stewart Title’s Gary Cortellessa said, came in at $27.5B, up 18% over Q3 ’13. Top reps of Fortress, JBG, Morgan Properties, and Transwestern echoed the theme that competition is intensifying with so much low-priced debt chasing transactions, and spreads down, perhaps a good time to be a seller. (Coverage continues later this week.)
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