BrokerIPTV Real Estate News and Videos

BrokerIPTV: Today, we are talking with Chris Lattimer, President of the Lattimer Group. Chris, thanks for being with us, appreciate that.

Chris Lattimer: Thank you Dan.

BrokerIPTV: Quickly again, the Lattimer Group does what?

Chris Lattimer: We are a real estate investment group that pools resources working with investors, so that we can invest in real estate. Our main objective is to offer preferred returns and then meet or exceed those expectations. Strategies that we like to use today are multifamily properties in emerging markets. Second is transit orientated development. Then finally, discounted single family homes.

BrokerIPTV: I want to focus in on this segment is TOD, Transit Oriented Developments; tell people what a TOD is?

Chris Lattimer: Yeah, TOD - Transit Oriented Development is development thats located within a certain proximity of transportation, public transportation systems, hubs or stops.

BrokerIPTV: Like a light rail.

Chris Lattimer: Like a light rail, yes.

BrokerIPTV: Okay. What specifically does your group do with TODs?

Chris Lattimer: We are really excited about the Denver metro market. The RTD FasTracks coming in, due to be completed in 2015. So, we are looking within a half mile radius of the future stations and we like urban infield, mixed use, high density development.

BrokerIPTV: So, are you talking to your investors now about purchasing land or properties in these areas where RTD FastTracks is going to be completed? Is that kind of the thought?

Chris Lattimer: Yes, absolutely. With the projection 2015 completion, it's actually a really good time right now to get in and get in before there is speculation, give us enough time to go through the entitlement process, get the construction completed, and up and running by time the trains are running.

BrokerIPTV: Now, this must be attracting a lot of attention with the price of gas. I got to believe that the public is getting more and more aware of public transportation and housing in relation to public transportation?

Chris Lattimer: Yeah, high gas prices is part of the number one driver for the popularity of TOD, there is big popularity, and there is big demand for this type of development. A couple of other factors that are driving the demand is global warming and just traffic congestion. I think people are getting really tired of traffic congestion, which is being spurred by the lack of funding in our transportation systems today.

BrokerIPTV: Now I hear more people are using mass trans than ever before. I mean you just turn on the news locally and you hear the problems of RTD and what RTD wants to do and expand. Are you hearing that the same?

Chris Lattimer: Yeah, absolutely. I read an written article last week, that most of the metropolitan area transportation systems have seen a significant increase in ridership in the last year. So, it is definitely increasing and I see that trend continuing.

BrokerIPTV: Okay. Thanks. Appreciate it.

Chris Lattimer: All right. Thanks Dan.

BrokerIPTV: Good information.

Chris Lattimer: Alright.