CALDERA IN THE NEWS
Apartment Investors in U.S. Not Scared by Vinyl Siding in Search for Yield
Published: March 4, 2011
Orchard Pointe, a 17-year-old, vinyl-sided apartment complex in Vancouver, Washington, wouldn’t have drawn a second look from Invesco Real Estate in early 2010, when most multifamily-property investors wanted newer, trophy buildings in coastal markets such as New York and San Francisco.
“We wouldn’t have even considered it,” Greg Kraus, head of acquisitions at the Dallas-based real estate arm of asset manager Invesco Ltd. (IVZ), said in an interview.