Investment Advisor for Multifamily Sales | Stirling Properties
Top Real Estate Influencer
Stirling Properties is a full-service commercial real estate company, specializing in commercial brokerage, development and redevelopment, investments, and asset and property management with a focus in the Gulf South Region. Saban Sellers is part of the Stirling Investment Advisors division, specializing in multifamily investment sales in the company’s primary markets of Arkansas, Louisiana, Mississippi and Alabama. Since 2019, the multifamily team — including Sellers and his partner, Chad Rigby — has sold over 5,600 units across 16 cities and five states.
What are you most excited about in the coming year? Continuing our growth and building off our recent successes with the Stirling Investment Advisors team. Since our team formed in late 2018, we have continually outperformed our previous year’s production and look to continue that trend by providing excellent service to our clients, combining our national network in the multifamily space with our attention to detail and extensive knowledge of our local markets.
What is the biggest challenge facing your industry today? There are certainly a handful of new challenges coming into the real estate industry that were not as prevalent in previous years. First and foremost is rising interest rates on most fixed-rate loans. The Federal Reserve has raised interest rates 225 basis points in less than six months in 2022, which has impacted interest rates on loans for multifamily deals and, as a byproduct, is impacting the value of multifamily properties. Alongside this issue, insurance for multifamily properties has gone up significantly, mainly due to historic jumps in occurrence and magnitude of natural catastrophes, which has forced carriers to pay larger settlements more frequently, therefore increasing premiums. Both of these recent issues, coupled with a potential economic recession, has created some uncertainty and new challenges in our industry.
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