1. Gordon Gu Tour 1/15/16
DCG Multifamily
Reno Market Snapshot
DicksonCG.com
JAN2016
2. January 2016 Market Snapshot 1
JAN16 - Reno Multifamily Sales
5 - 99 UNIT PROPERTIES
2 - 4 UNIT PROPERTIES
A. 1415 W 7TH ST | $1.78M | 32 UNITS | $56k/D | NW RENO
B. 480 S SIERRA ST | $2.6M | 29 UNITS | $90k/D | DOWNTOWN RENO
C. 567 HOLCOMB AVE | $1.4M | 12 UNITS | $119k/D | MIDTOWN RENO
D. 1022 HASKELL ST | $545K, | 7 UNITS | $78k/D | MIDTOWN RENO
99+ UNIT PROPERTIES
E. 336 STEWART ST | $395K | 2 UNITS | $198k/D | DOWNTOWN RENO
F. 575 BALLENTYNE WAY | $260K | 2 UNITS | $130k/D | EAST RENO
G. 644 WHEELER AVE | $260K | 2 UNITS | $130k/D | EAST RENO
H. 765 E TAYLOR ST | $230K | 2 UNITS | $115k/D | EAST RENO
I. 1330 E 10TH ST | $195K | 2 UNITS | $98k/D | NE RENO
J. 1132 PARKVIEW ST | $185K | 2 UNITS | $93k/D | EAST RENO
K. 1427 15TH ST | $165K | 2 UNITS | $82k/D | SPARKS
NONE
3. 2
JAN16 - Reno Apartment Rental Rates*
STUDIO
$1.49
/SF
January 2016 Market Snapshot
Dec15
Jan16
Nov15
1 BEDROOM
$1.05
/SF
2 BEDROOM
$0.96
/SF
3 BEDROOM
$0.80
/SF
$1.40
$1.47
$1.05
$1.07
$0.98
$0.94
$0.82
$0.77
* Provided by Costar, Dickson Commercial Group does guarantee the accuracy of this data
The following rental analysis consists of weighted averages for market rents of 27,609 apartments, 5+ unit complexes only.
+6% 0.0% -2% -2.4%
MoM%Change
4. 3
Dickson Commercial Group
January 2016 Market Snapshot
The team at Dickson Commercial Group has been working in the Northern Nevada market for nearly 35 years. Our seasoned group of real estate
professionals offers deep and diverse market knowledge, proven problem solving abilities and resourcefulness with a complete focus on
commercial real estate.
We work as a team in the truest sense of the word. We collaborate to find the best solutions and we leverage the specific knowledge of each
agent. Our multi-faceted brokerage provides local, national and international clients the full array of commercial real estate services. Agents are
trained specialists with accreditation through the Society of Industrial and Office Realtors (SIOR) and Certified Commercial Investment Members
(CCIM).
Institutional Experience, Local Knowledge
5. ● Seller Representation
● Buyer Representation
● Large Complexes (100+Units)
● Midrange Complexes (5-99 Units)
● Small Multifamily (2-4 Units)
● Rental & Financial Analysis
● Monthly/Quarterly Reporting
● Supply and Demand Analysis
● Demographic Studies and Reports
● Off Market Acquisitions
4
DCG Multifamily
Trevor Richardson
Prior to joining DCG, Trevor was an acquisitions assistant vice president
with American Homes 4 Rent (REIT), a national leader in single family home
rentals. During his two years with the REIT, he operated on the front lines of
growth and development while frequently traveling to more than 20 markets
across the U.S. Trevor gained significant acquisitions experience as the company
grew from 5,000 single family homes to more than 35,000 nationwide, almost
entirely through single unit transactions.
Born and raised in Reno, Nev., Trevor launched his real estate career as
operations manager for multiple private equity funds that focused on acquiring
and renovating distressed residential assets in northern Nevada and northern
California. Trevor graduated in 2010 with a B.A. in journalism with an emphasis
in public relations from the University of Nevada, Reno.
January 2016 Market Snapshot
Multifamily Services
