The long-term outlook for the apartment market -- both from a demographic and well as a public policy point-of-view -- is extremely good, a Freddie Mac executive told a conference session. "The trends favor lending and owning multi-family." Noting that "a segment of the population was pushed into home ownership when they just weren't ready," he said that there is now a "broad realization" that ownership isn’t for everyone. Moreover, he added, multi-family is important to urban revitalization. Click here for the rest of the article.
According to a report from apartment research firm Axiometrics, effective rents grew 4.65 percent for the year ending February 2011, the largest such gain since the firm began tracking rent fundamentals in 1996. “I think we are going to see an even better year in 2011 than we saw in 2010,” says Axiometrics president Ron Johnsey. “We are starting to see job growth come back and a near lack of new supply entering the market.” Click here for the rest of the article.
L5 Real Estate Investments, LLC is a privately held investment firm focused on stable, income producing multi-family opportunities in emerging U.S. markets.