2. February 2016 Market Snapshot 1
FEB16 - Reno Multifamily Sales
99+ UNIT PROPERTIES
2 - 4 UNIT PROPERTIES
A. 5300 S LOS ALTOS | $35.45M | 264 UNITS | $134K/D | EAST SPARKS
B. 265 W 11TH (MULTI PROP)| $865K | 15 UNITS | $58K/D | UNIVERSITY
C. 645 S VIRGINIA (MULTI PROP)| $1.25M | 13 UNITS | $87K/D | MIDTOWN
D. 231 1ST ST | $700K | 11 UNITS | $64K/D | SPARKS
5 - 99 UNIT PROPERTIES
H. 365 GOULD ST (MULTI PROP) | $260K | 7 UNITS | $37K/D | EAST RENO
I. 2233 PATTON DR | $233K | 4 UNITS | $58K/D | EAST RENO
J. 4000 SHINNERS PL | $260K | 4 UNITS | $65K/D | EAST RENO
K. 103 W TAYLOR ST | $331K | 4 UNITS | $83K/D | MIDTOWN RENO
L. 342 STEWART ST | $540K | 3 UNITS | $180K/D | NE RENO
M. 1030 WILSON AVE | $435K | 4 UNITS | $108K/D | EAST RENO
N. 589 STEWART ST | $133K | 2 UNITS | $67K/D | EAST RENO
E. 1950 A ST | $306K | 8 UNITS | $38K/D | SPARKS
F. 422 11TH ST | $442K | 8 UNITS | $55K/D | SPARKS
G. 1917 VICTORIAN | $790K | 8 UNITS | $99K/D | SPARKS
O. 501 KOHLEPP AVE | $335K | 2 UNITS | $168K/D | OLD SW RENO
3. 2
FEB16 - Reno Apartment Rental Rates*
STUDIO
$1.48
/SF
Jan16
Feb16
Dec15
1 BEDROOM
$1.02
/SF
2 BEDROOM
$0.98
/SF
3 BEDROOM
$0.78
/SF
$1.49
$1.40
$1.05
$1.05
$0.96
$0.98
$0.80
$0.82
* Provided by Costar, Dickson Commercial Group does guarantee the accuracy of this data.
The following rental data consists of weighted averages for market rents of 28,360 Reno/Sparks apartments, 5+ unit complexes only.
-1% -2.8% +2% -2.5%
MoM%Change
February 2016 Market Snapshot
4. 3
Dickson Commercial Group
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
February 2016 Market Snapshot
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.
Multifamily Services
February 2016 Market Snapshot
EMAIL trichardson@dicksoncg.com
OFFICE 775.850.3031
CELL 775.233.0754