Wednesday, July 23, 2008

Multi-Family Sector Providing Options as U.S. Economy Shudders

In a recent Commercial Property News, writer Adam Perrotta reported that: "Buoyed by a growing rental pool, limited new construction and the purging of many high-leverage players from the investment scene" multifamily properties continue to draw interest from investors. According to Perrotta, the credit crunch may have driven many smaller, more credit-reliant investors out of the sandbox, leaving larger, well-capitalized buyers to benefit from the diminished competition.