Wednesday, October 29, 2014

Apartment Living: It's Not Just for Millennials

by Spencer Marona, Managing Director.

With the amount of new apartment deliveries, experts expect to see an balance with occupancy levels due to the demand of apartment residences with Millennials and Baby Boomers.  

"Investors leveraging demographic trends will often be able to amplify rental returns and home price appreciation, particularly when it comes to trends in the baby boomer and millennial generations, which combined account for approximately 147 million people -- more than 60 percent of the US adult population," said Daren Blomquist, vice president at RealtyTrac, in a prepared statement. Read more in a recently published GlobeSt. article.