Investors are still buying properties in markets prone to wildfires, floods and hurricanes, betting on insurance and mitigation measures for protection.
The firm’s founders discuss capital raising, winning multifamily deals and how the current interest in the sector has been both a curse and a blessing.
Multifamily investor confidence is fueled by strong fundamentals and healthy capital markets.
In spite of the pandemic, cities continue to hold appeal, especially for young people.
These metros are likely to see the greatest year-over-year multifamily rent growth between now and year-end 2021, some reaching double digits.
The roughly $560 million investment will give JLL Income Property Trust a 47% interest in the properties.
Strong demand from millennials and an undersupply of rental homes underscores the potential for long-term rent growth.