It’s always difficult finding a deal, even in down markets, but if you’re willing to be contrarian, there may be lucrative opportunities that present themselves. One example is vintage 100+ year old multifamily properties in downtown Portland, Oregon. These properties are trading at 300-400 basis points higher than suburban value-add properties that hardly cash flow, and appeal to a large subset of urban renters. Paul Del Vecchio, CEO and Founder of Ethos Companies, is investing in these high-yielding properties. Ethos has developed, manages, and invests in several thousand multifamily units. They also own and manage industrial, retail and office buildings.