The multifamily sector is poised to take advantage of positive fundamentals as demographics continue to favor renting over buying, according to Edward Kobel, president and chief operating officer of the Tampa-based DeBartolo Development.
Among the company’s investment sectors, which include multifamily, limited service hotels, anchored retail and a “special situations” category that primarily consists of land, Kobel said in a video interview with REIT.com at the Akerman U.S. Real Estate Summit this month in Miami that the highest returns have been in the multifamily sector.
”The fundamentals in the multifamily space are a long-term paradigm shift for America,” he said. “We now have renters by choice.”
Read more...Strong Shifts in Multifamily, Retail Real Estate Sectors via REIT.com