A limited supply of new development coupled with a growing number of college graduate renters will ensure continued strength in the multifamily sector, according to Susan Ansel, executive vice president and chief operating officer of Gables Residential.
“We have the demographics behind us with the age cohorts, and we’ll continue to grow into the foreseeable future,” Ansel said during a video interview with REIT.com at the Akerman U.S. Real Estate Summit this month in Miami.
Ansel said Gables Residential has a number of new projects already under construction in light of the favorable market dynamics.
“That will be a big part of our growth, but we anticipate strong growth from our stable, core properties as well,” she said.
Read more...Multifamily Anticipates New Development via REIT.com
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