Increased Demand for Multifamily

  • Housing affordability is a crisis in America.
  • Demand for workforce housing is at an all-time and the demand will only increase.
  • Residents have tough time qualifying for mortgage and buying a home.
  • Their only option is to rent.

No Increasing Supply

  • Supply of Class B and C properties remain relatively stagnant.
  • Class B and C properties are no longer profitable to develop.
  • New multifamily development require luxury levels of rent to build.

Homebuying Is The Other Option

  • People choosing to rent rather than buy.
  • Home pricing going up, interest rates rising, and creates a difficult environment to find an affordable home.
  • Young adults carrying significant amount of student debt.
  • Occupancy on Class B and C properties remains above 90% in most markets.