DCG MultifamilyReno Market Snapshot

DicksonCG.com

MARCH2016

March 2016 Market Snapshot 1

MAR16 - Reno Multifamily Sales

99+ UNIT PROPERTIES

2 - 4 UNIT PROPERTIES

NONE

A. 820 SPOKANE ST | $465K | 8 UNITS | $58K/D | EAST RENO

B. 228 MILL ST | $576K | 7 UNITS | $82K/D | DOWNTOWN

5 - 99 UNIT PROPERTIES

D. 408 10TH ST | $570K | 4 UNITS | $143K/D | SPARKS

E. 974 I ST | $261K | 4 UNITS | $65K/D | SPARKS

F. 528 E 7TH ST | $216K | 4 UNITS | $54K/D | EAST RENO

G. 770 HOLCOMB AVE | $425K | 2 UNITS | $213K/D | MIDTOWN

H. 647 COLORADO RIVER | $341K | 2 UNITS | $170K/D | MIDTOWN

I. 359 W TAYLOR ST | $337K | 2 UNITS | $162K/D | MIDTOWN J. 3101 LAKESIDE DR | $325K | 2 UNITS | $163K/D | SW RENO

C. 775 MONTELLO ST | $425K | 6 UNITS | $71K/D | EAST RENO

K. 1196 VIRBEL LN | $200K | 2 UNITS | $100K/D | EAST RENO L. 631 CASAZZA DR | $167K | 2 UNITS | $84K/D | MIDTOWN

2

MAR16 - Reno Apartment Rental Rates*

STUDIO$1.50

/SF

Feb16

Mar16

Jan16

1 BEDROOM$1.05

/SF

2 BEDROOM$0.99

/SF

3 BEDROOM$0.86

/SF

$1.48

$1.49

$1.02

$1.05

$0.98

$0.96

$0.78

$0.80

* 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 27,050 Reno/Sparks apartments, 5+ unit complexes only.

+1.4% +2.9% +1% +10%

MoM

% C

hang

e

March 2016 Market Snapshot

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

March 2016 Market Snapshot

● Seller Representation● Buyer Representation● Large Complexes (100+Units)● Midrange Complexes (10-99 Units)● Small Multifamily (2-10 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

EMAIL trichardson@dicksoncg.comOFFICE 775.850.3031CELL 775.233.0754

March 2016 Market Snapshot