Michael Yeager | Colliers International | Phoenix - Valuation

Michael Yeager

Senior Valuation Services Director

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About

Professional Summary

As a senior valuation services director with Colliers International Valuation and Advisory Services, my focus is primarily on multifamily valuation and advisory services, including manufactured housing communities and RV parks, in the Arizona, New Mexico and Nevada markets.

I have over 10 years of experience in the commercial real estate sector, including five years in commercial real estate appraisal. Prior to joining Colliers International, I was a valuation associate at CBRE, Inc. in Phoenix. Prior to that, I was a research associate with Marcus & Millichap in Phoenix.

Education

  • Bachelor of Science, Economics with Concentrations in Real Estate and Finance (Wharton School, University of Pennsylvania)

Clients

  • Berkadia
  • Bank of the West
  • Cohen Financial
  • Cushman & Wakefield
  • CW Capital
  • General Electric
  • Greystone
  • Key Bank
  • Washington Federal
  • Walker & Dunlop
  • Citibank
  • Cantor Commercial Real Estate
  • FirstBank
  • UBS, Pillar
  • Multifamily Capital
  • New York Community Bank
  • Opus Bank

Services

Service Lines
Valuation and Advisory
Property Types
Multifamily
Specializations
Manufactured Housing Communities Valuation Group, Multifamily Valuation Group
Featured Research
Jul 20, 2020
2020 Q2 Phoenix MSA Multifamily Review
Despite the expected, overall minimal contractions in quarter-over-quarter readings due to Covid, the Phoenix MSA continued to lead the nation in y/y rent growth, rising 5.4 percent to $1,233, nearly five times higher growth rate than the national average of 0.7 percent.
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Apr 30, 2020
2020 Q1 Phoenix MSA Multifamily Review
Phoenix MSA led the nation in rent growth rising 8.1 percent y/y to $1,235. Occupancy rates continue to remain elevated at 95.1% despite decreasing 40bps over-the-year. Approx. 1,400 units came online over Q1. Given the current construction rate, 2020 should prove to be the highest delivery amount since 2009.
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Feb 13, 2020
Year End 2019 Phoenix MSA Multifamily Review
Phoenix MSA continues to lead the nation in rent growth, rising 9% y/y to $1,185, still well below the national average rent of $1,415. More than 8,700 units came online during 2019. Given the current construction rate, 2020 should prove to be the highest delivery amount since 2009’s 9,315-units.
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