In the period following the Great Recession, the multifamily sector came into its own. Constrained supply combined with huge demand meant apartments were a desirable product from a commercial real estate investment point of view.
And according to Terry Gwin, president of locally based SWBC Real Estate LLC, the investors are still out in droves. "There are more buyers out there for product than there is product available," Gwin says during a recent interview for Real Estate Forum's "Is Infill Tapped Out?" article. "None of the products we recently sold actually went to market."
He points out that the investment community views apartments as lower risk and lenders seem to be following suit. Basically, it costs less to borrow money these days. Furthermore, in various markets around the country, specifically, in Texas, job and population growth are driving rental occupancies.
Read more...Multifamily: Still Nifty After All These Years - Daily News Article - GlobeSt.com
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