Income Property Organization shares year end report
By: Income Property Organization
Between 2019 and 2020, the biggest difference recorded was transactional. While final numbers were not available, the report predicted that through November local sales would total around $150M, compared to $353M in 2019.
Despite these numbers, IPO was able to break many of its records in 2020. With 33 sales in Metro Detroit, IPO brokered more than double the amount of transactions as the next brokerage and more than the next 3 combined. In addition IPO brokered the sale of 83 multifamily communities across Michigan, Ohio, and Indiana. Included in this volume were 7 large portfolios. This represents over $255M in sales volume.
"We're incredibly proud of the year we've had, in spite of obstacles," says Greg Coulter, Managing Member and Founder of Income Property Organization. "We thank our team for helping us offer superior results to our clients."
Income Property Organization in Bloomfield Hills, Mich. offers customized multifamily brokerage services that are designed to meet the specific needs of a wide range of clients -- private owners as well as institutional investors -- who want to buy or sell income property. To learn more or inquire about multifamily investment opportunities, visit www.incomepo.com or contact Greg Coulter at (248) 932-0300.