Chris Kamberis, property expert and CEO of CTK Group, has recently offered tips on the best time to make a property investment. Because the market continues to grow in popularity with people in Kansas City, commercial real estate investment can bring a good profit.
Commercial property encompasses industrial, estates, retail, and office blocks. It can refer to anything from the acquisition of a new franchise to negotiating a deal on a top hotel in a prime location. “Getting the timing of investment right can mean the difference between an individual making a profit or suffering huge losses,” states Chris Kamberis. If someone is in the process of leaving an existing property, they need to consider whether this timing is fixed or flexible. Ideally, plans for a relocation should be made 6 to 12 months in advance with an overlap where the individual owns both properties for a short period to make the transition as smooth as possible. Investing in a developing property is typically less time sensitive. “It is important that individuals conduct thorough research before spending their money, time, and resources. Things change quickly in real estate, and what was working a year ago may have changed drastically in just 12 months.”
Kansas City is experiencing a seller’s market at the moment. Individuals investing in real estate are finding returns are lower due to property being more expensive. It is still possible to find affordable commercial real estate by conducting research and analyzing the potential of a particular property. Some areas, that on first impression have the likelihood to be an investment disaster, could have hidden incentives that make them a wise choice. An example of this is the Shared Success Fund proposed In February by Mayor Sly James of Kansas City. The initiative focuses on the development of incentives on disadvantaged parts of Kansas City. According to Kamberis, The Shared Success Fund proposal will help reduce the risk of investing in these disadvantaged areas by channeling city funds to help developers make the improvements needed.
With over two decades of experience, Chris Kamberis has established himself as a leader in the commercial real estate market. As the founder of CTK Group, the Kansas City area’s top commercial real estate and development company, he is known for his accurate research and strategic analysis, and as someone who can recognize potential in any economic climate. To date, Kamberis has been attached to projects with some of the world’s biggest corporations, including Bank of America, JP Morgan Chase Bank, Fifth Third Bank, McDonald’s, Burger King, BP Products North America, and Starbucks.
Opus Development plans 256 apartments over retail in Westport: http://www.bizjournals.com/kansascity/news/2017/03/06/opus-development-westport-256-apartments-retail.html
New Westport player flips one of his properties for Opus’ redevelopment: http://www.bizjournals.com/kansascity/news/2017/03/07/ctk-group-developer-chris-kamberis.html