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2020 Q2 Multifamily Ohio Report Colliers

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Multifamily Markets Ride Out the COVID-19 Crisis

U.S. Market Overview

The full impact of the COVID-19 pandemic became known during the second quarter of 2020 as nationwide lockdowns halted economic activity and job losses soared. Apartment demand followed suit as demand plunged by 77% of the seasonal average, recording only 33,966 units according to data from RealPage. However, much of the quarter’s slowdown was recorded between mid-March and mid-May. In June, as local markets began to reopen and furloughed workers were rehired, activity picked up.


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2020 Q2 Multifamily Ohio Report Colliers

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Gary Cooper

Senior Vice President

Cleveland

As Senior Vice President at Colliers International, I focus on  multifamily and manufactured housing communities. I have represented a wide variety of major institutions, individuals, and partnerships over the past 30 years in the sale of investment real estate assets. In my career  I have completed transactions with a combined market value in excess of two billion dollars.

My Vision is utilizing my unique skill sets to provide unparalleled professional representation to individuals, entities, and institutions who own and operate residential investment real estate. My goal is to assist my clients in achieving and preserving financial independence by providing them with the best investment advisory and capital markets transaction services available.

I am committed to giving back to my profession as a featured lecturer at legal, accounting, and real estate classes on the subjects of investment real estate and taxation. I have been quoted about the commercial real estate market and transactions in many trade publications including Wall Street Journal, National Real Estate Investor, Apartment Finance Today, Real Estate Forum, Globe Street, Midwest Real Estate, Crain's Cleveland Business, Columbus Business First, Cleveland Plain Dealer, Columbus Dispatch, Dayton Daily News, AZRE, and Phoenix Business News.

 

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Shenan Murphy

Vice Chairman

Cincinnati

Growing up, I always knew I wanted a job where I would be in control of my career path, and commercial real estate has allowed me to do that both personally and professionally. I began my career as a retail and investment broker in 1989. Today, I leverage my previous brokerage experience and knowledge to oversee the strategic and daily operations of Colliers International | Greater Cincinnati and Dayton. Additionally, in 2012 founded the Colliers Cleveland office. As the Vice-Chairmain leading multiple offices, I prioritize providing the best strategic leadership and oversight to a truly remarkable team. In addition to commercial real estate, I have created a diversified and innovative family of companies providing brokerage sales, investment, construction, information technology, and property management services.

The experience I gained from holding various positions throughout my career has allowed me to reach a broad base of clients and establish valuable relationships throughout Greater Cincinnati and Dayton. These relationships have provided the opportunity to aid some of the region’s most successful companies in making sound real estate decisions.

In addition to my daily responsibilities with Colliers, I'm part of a great family, three great kids and  spouse who is so supportive. 

I find great joy in being involved in my community. One of my personal goals is to help the Cincinnati community and those around me to move forward and grow with energy and purpose. I am a member of various organizations serving the community such as the University of Cincinnati Foundation (Board Member), the University of Cincinnati UCATS (Board Member), the University of Cincinnati Diamond Club for Baseball (Chairman), the University of Cincinnati College of Business (Real Estate Board Member), the Greater Cincinnati Regional Business Committee, and Cincinnati Young Presidents Organization.

I hold the CCIM commercial real estate designation and have affiliations with ICSC (International Council of Shopping Center), ULI (Urban Land Institute), and NAIOP (National Association of Industrial and Office Properties).

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Loren DeFilippo

National Research and Data Manager

Cincinnati

 

I work with the Colliers Technology and Innovation team developing and supporting users of Colliers proprietary property data tools and resources. I have over 30 years of experience in the architecture and commercial real estate industries and utilize that knowledge in supporting our brokers, researchers and marketing professionals with technology solutions that enhance their daily activities.

 

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Andrew Kinney

Associate

Cleveland

Andy brings attention to detail and a passion for in-depth research to his work with the Capital Markets team. His background in urban planning combined with several years of professional experience make him competent and qualified to understand clients’ needs and goals. In June of 2021, he transitioned into his current role as an Associate with the Top-Producing Gustafson-Davis Self-Storage Team where he has developed skills in analyzing, underwriting, and marketing self-storage assets. He is an expert at utilizing property and market data to promote the Self-Storage team's skills and effectiveness in delivering the highest quality market valuations across the US and Canada.

Andy is a graduate of the University of Cincinnati’s School of Planning. His previous work experiences involved marketing and fundraising, infrastructure improvements, and economic development plans to sustain low-cost high-impact programs in Cleveland and Cincinnati, Ohio. When he began working with Colliers in 2019 as a Research Analyst he was vital in the support of their +20-person brokerage team implementing an internal lease comp database, publishing quarterly reports, and introducing new software and applications for mapping, demographics, and property data.  Andy and the Gustafson-Davis team take pride in their expertise regarding the self-storage asset class. 

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Amy Zmecek

Marketing Specialist

Cleveland

Creating high-quality, engaging marketing collateral that accurately conveys property information in an easy to digest, aesthetically-pleasing format is my passion. Commercial real estate property investors rely on this valuable information to make educated decisions regarding investment opportunities. 

As a Marketing Specialist with the Cleveland office of Colliers, I use my high-level skill and expertise in Adobe software including InDesign, Photoshop and Illustrator to support the Capital Markets team that specializes in advising buyers and sellers on the acquisition and disposition of Self Storage and Office properties.

Prior to joining Colliers International in May 2015, I began my career in the industrial roofing industry where I served as a Sales and Marketing Assistant for nineteen years supporting a National Sales director and 60 sales representatives across the country. I appreciate that my beneficial experience has enabled me to collaborate with incredibly knowledgeable and passionate, top-notch experts in their field, and has taught me the importance of taking initiative, pulling together as a team to achieve goals, and providing the best service and most effective solutions possible to satisfy our clients. I'm thankful to be immersed in this multifaceted industry and driven to enhance my knowledge and skills daily.

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