Fall 2012 issue of Horizons

REAL ESTATE

Multi-Family Market Continues to Surge by Bryan Keller, CPA

E ach year, data is collected from our clients, as well as other contacts and referrals within the industry, to comprise averages in a variety of markets within the United States. This year’s Apartment Stats include operational data for 2011 and represent 407 apartment projects in 30 states. While these averages are representative of a smaller pool of projects, the trends are usually consistent with those experienced at the national level.

Industry Update Capitalizing on 2010’s multifamily housing industry economic turnaround, 2011’s portfolio performance showed continued improvement in a variety of operational and financial areas. Although faced with unemployment levels that remain fairly high and household creation that is stagnant, apartment owners have benefited from an increased pool of renters, which have aided in improving occupancy levels to highs that haven’t been seen in years. Likewise, according to the National Association of Realtors, it is

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