The real estate brokerage National Multifamily Corp. has secured its latest company license in South Carolina.
Headquartered in Rye Brook, New York, the company is licensed in its home state and Connecticut, New Jersey, Rhode Island, Massachusetts, Pennsylvania, Florida and Colorado. In an exclusive interview with Weekly Real Estate News, National Multifamily President Matt Cawley explained the company’s expansion came about because of existing client closer to home.
“Over the past decade, we worked for a specific client a number of times selling their apartment buildings in Connecticut,” he said. “That relationship over the years resulted in eight properties sold totaling over 100 units. The client proceeded to purchase a portfolio in South Carolina and asked us based on our successful track record together in Connecticut if we would sell the properties for them. Getting a license in additional states is not an easy process – however, with our newest license addition of South Carolina, fully licensed in 9 states with an additional 3 licenses in process along the Eastern United States.”
Cawley observed that South Carolina offered his company a strong opportunity to pursue new multifamily business.
“The Carolinas and the Southeast in general has an increasing demand by Northeast buyers,” he continued. “Typically, as is shown with the portfolio we will be launching, the properties that you can purchase in the region are of larger size, scale, and newer construction buildings. The assets available coupled with the landlord friendly state legislatures and growing populations of the Southeast has made the quick flight worth it.”
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