Slides from our annual presentation to the Washington Multi-Family Housing Association on September 26th.

1. Silver Linings?
Finding silver linings
in the apartment market

2. If I were two-faced would I be wearing this one?
(Abraham Lincoln)
Will this party ever end?
(Pink)
Go Northwest young millennials
(Horace Greely)
Honey I shrunk the apartment
(Rick Moranis)
How to build a moat
(Warren Buffet)
When you get to the bottom you go back to the top
(Bono)
Seattle, where all investors are smarter than average
(Garrison Keillor)

3. “If I were two-faced would I be
wearing this one?” (Abe Lincoln)

4. 2000 & newer
$1,600
1999 & older
$1,000

5. 2000 & newer
$269,000
1999 & older
$148,000

6. Will this party ever end?
(Pink)

7. 1985 – 1991
80,000 units 2010 - 2016
51,000 units

9. Go Northwest Young Millennials
(Horace Greely)

11. 2013 - 2017
44,000/yr

12. Honey, I shrunk the apartment
(Rick Moranis)

15. How to build a moat
(Warren Buffet)

18. When you get to the bottom you
go back to the top (Bono)

21. Seattle, where all investors are smarter
than average (Garrison Keillor not)

24. Will they end up under water?
What’s ahead for investors?

27. Hey, where did everyone go?
THE END THE BEGINNING