“The Central Ohio multifamily market continues to be desirable for out of state buyers due to high occupancy levels, great employment base and stronger yields than major metros across the country,” said Champion President and CEO Brian Yeager.
WESTERVILLE, Ohio (PRWEB) April 09, 2020
The Champion Companies capitalized on the market hunger for multifamily assets in the first quarter of 2020, selling 1,400 units in its portfolio in Central Ohio.
The communities attracted multiple out-of-state buyers wanting to increase their presence in Central Ohio real estate. These sales provided healthy investment returns for Champion’s partners.
“The Central Ohio multifamily market continues to be desirable for out-of-state buyers due to high occupancy levels, great employment base and stronger yields than major metros across the country,” said Champion President and CEO Brian Yeager.
The Westerville-based real estate firm attributes the demand for multifamily investment to the ever-increasing prominence of renting over home ownership. “These sales are truly a testament to the solid fundamentals in multifamily real estate,” added Brian Hoar, Champion’s chief investment officer. “With so much capital available, and a demand that’s still out-pacing supply, we will see continued success in this new decade.”
Champion, which celebrated its ten year anniversary in March, has closed nearly $2 billion in multifamily development, acquisitions, and dispositions, involving more than 14,000 units and $250 million in equity investments.
About The Champion Companies
Founded in 2010, The Champion Companies is a market-leading multi-family investment, management and development firm. Champion currently owns and manages nearly 4,000 Class A and B+ multi-family units in Central Ohio’s fast-growing suburbs. Champion has been named a Columbus Business First Fast 50 company for eight consecutive years, as well as the #1 Best Place to Work in Central Ohio in the large company category for two years in a row. Champion has also been recognized for its philanthropic efforts, receiving a Columbus Business First Corporate Citizenship Award in 2018 and 2019 and a Medical Mutual Pillar Award for Community Service in 2017.