Fall 2017 issue of Horizons

Vacancy rates will increase slightly, but still leave room for rent and gross-income growth.”

2017 Apartment Stats NOW AVAILABLE

With the millennial generation aging, the Joint Center projections point to solid growth in rental households over the next 20 years. The need for additional supply of rental units at the lower end of the rent market continues to be an issue, as affordable units are becoming harder to find. The following is from the State of the Nation’s Housing 2016 : “Nearly 39 million U.S. households live in housing they cannot afford. The shrinking supply of low-cost rentals, along with potential losses of subsidized units and declines in the value of tax credits, could widen the already substantial gap between the demand for and supply of affordable housing. Meanwhile, the retrenchment in federal funding has put increased pressure on state and local governments to address the housing needs of the most vulnerable individuals.”

To view the publication, go to www.RubinBrown.com/Apartment-Stats

RubinBrown invites you to utilize the 2017 Apartment Stats as a development and management tool to compare your financial operations to the operating results of your peers. The study also provides sound comparable data to utilize in formulating an acquisition model.

Like all compilations of data, it will be most useful when carefully and properly interpreted.

REAL ESTATE SERVICES GROUP

RubinBrown has developed a strong reputation nationally as a leader in accounting and advisory service. Today, we provide specialized services to more than 2,000 real estate entities. For more information, visit www.RubinBrown.com/Real-Estate .

Bryan Keller, CPA, CGMA Partner-In-Charge Real Estate Services Group 314.290.3341 bryan.keller@rubinbrown.com

Bill Gawrych, CPA, CGMA Partner Real Estate Services Group 314.290.3294 bill.gawrych@rubinbrown.com

David Herdlick, CPA Partner & Vice Chair Real Estate Services Group 314.290.3383 david.herdlick@rubinbrown.com

@RubinBrownRE

@RubinBrownRealEstate

Fall 2017

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