Oahu apartments draw investors’ interest

Oahu’s apartment real estate market is attracting investors’ interest with a sales volume of $463 million in 2014. While other commercial real estate parts were dominated by offshore institutional investors, 92 percent of multifamily properties were acquired by local investors according to commercial real estate firm, Colliers International Hawaii.

Most of multi-family properties sold had fewer than 10 apartment units and transaction prices under $3 million, but $300 million sale of the Waena Apartments and Kalaeloa Rental Homes portfolio marked $300 million sale.

The average sales price per apartment ranged from $202,826 to $274,520 which was 35 percent higher than last year’s record.

“Despite the low rates of initial return and intensive management requirements, multifamily properties continue to be highly prized,” William Froelich, a senior vice president of Colliers said.

About the Author

Brandon Lau grew up in Kailua and currently resides in Honolulu with his wife Andee and children Caylah, Elijah, and David. His eighteen years in real estate led him to become a Partner at ChaneyBrooks Choice Advisors. Over the past 10 years he has developed the team and systems that has created a high level of service and value for his clients.

What differentiates Brandon and his team is his consultative approach to real estate. He advises clients with relevant data and expert insight to help them make the best choices in real estate. Good choices in planning for long term dispositions, negotiating for the best price or knowing when not to pursue an investment are ways his consultative services will give you an advantage in the marketplace. His bottom line is providing service with the utmost integrity and expertise.