Mike Aiken is senior vice president of investments for Fogelman Properties. As a fully integrated company, Fogelman specializes in multifamily acquisitions, property management, construction management, and asset management. Founded in 1963, Fogelman operates 88 multifamily communities totaling 28,000 apartment homes spread across 10 states in the Southeast, Southwest, and Midwest.
With the possibility of recession looming, veteran multifamily operators steel themselves for a sector downturn and prepare to pinch distressed deals from nascent investors and the overleveraged.
The multifamily investor and property manager has acquired six communities in first half of 2022.
Fogelman Properties’ Mike Aiken shares his multifamily investment predictions for the new year.
The firm has partnered with Thackeray Partners on the purchase of the 240-unit property.
One Rocky Ridge has been purchased through a joint venture between Fogelman and DRA Advisors.