The cost of construction materials for commercial projects has gone up dramatically over the past 12 months. Where are the biggest increases coming from?
“When we first started, we were very granular… But we should have bought everything and taken every opportunity because it’s all making money now,” says John R. Williams, of Avanath Capital Management.
The firm, which provides short-term apartment rentals, plans to use the new funding to fuel expansion in cities including Miami, Madrid, Zurick and Berlin.