One-third of Millennials aren’t even looking for apartments yet, which bodes well for the future of the industry, Steadfast Cos.’ president Ella Shaw Neyland told attendees during the packed CEO panel portion of the general session at NMHC’s Annual Meeting here yesterday. While still admitting a degree of uncertainty with the Trump administration, overall the panelists had strong predictions for the future of this sector.
Bob Faith, founder, chairman and CEO of Greystar Real Estate Partners LLC, said he has “given up trying to predict” what will happen with the Trump administration. “All we know at this point is that we don’t know.” Still, he added, he does take some “comfort that he is a real estate guy.”
Read more...Apartment Renters Are Getting Older | GlobeSt.com
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