Thursday, October 16, 2014

Multifamily Sector Benefits From ‘Perfect Storm’ via

“Multifamilies have benefited from the perfect storm.” That is according to RealShare Apartments 2014 panelist Ethan Penner, a commercial real estate expert known for founding CBRE Capital Partners and as former president of Kennedy Wilson. “You have low interest rates, which helps all income-producing properties; had good access to capital and leverage; had the weight of the housing crisis; had more people driven into rentals and out of housing; and you also have a weak economy.”

For a whole host of reasons, such as those mentioned above, “we are in good shape on multifamilies,” Penner said. “I don’t see that changing any time soon.”

Read more...Multifamily Sector Benefits From ‘Perfect Storm’ - Daily News Article -

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