Dave Bragg, managing director with Green Street Advisors, joined REIT.com for a video interview in Chicago at REITWeek 2013: NAREIT’s Investor Forum.
Bragg covers the multifamily sector for Green Street. He discussed the effect of the housing recovery on apartment REITs.
“The housing recovery is starting to have an impact on the multifamily sector,” he said.
Bragg pointed to a key indicator that illustrates the impact. Exit surveys shows that the percentage of apartment residents who are moving out to by homes is on the rise, according to Bragg. However, Bragg also noted that the current share of apartment residents leaving to buy homes still trails the historical average.
Read more...Job Growth, Supply Top Concerns in Apartment Sector, Analyst Says
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