Renter Demand Continues

[Danny Randazzo]

There are mixed opinions being shared about where we are in the economic cycle. From a macro economic viewpoint, strictly looking at multifamily assets only, we continue to have favorable support for demand. As US population continues to grow and select cities continue to have job and population growth the demand for renting a place to live is still there and it's likely going to continue. Multifamily assets in the right locations still represent opportunities for investors. 

[Greg Dickerson]

I think it’s a hyper local situation. Some markets are red hot and others not so much. It’s more a question of supply and units in the development pipeline. Some areas are very difficult to get out of the ground and costs have jumped quite a bit in the last 2 years so I think it will take a while to outpace demand.