As signs emerge indicating that the U.S. housing market is recovering, there’s one question that Ric Campo, CEO of apartment REIT Camden Property Trust (NYSE: CPT), has been asked “a million times” lately: What does that mean for the flourishing multifamily sector?
Campo contends that there is room for both the single-family housing market and multifamily sector to succeed at the same time.
“I think an improved housing market is great for the multifamily sector. When you think about it, our economy is not hitting on all cylinders because housing has been down,” he said. “They have coexisted in the past, and both have done well.”
Read more...Housing Recovery Could Slow Multifamily Growth
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