“Multifamily is emerging from the pandemic relatively unscathed. After a period of softening fundamentals, the sector turned a sharp corner at the beginning of the year and has been accelerating ever since.
That said, there have been indelible changes to the asset class from the health crisis that will likely last for some time. For example, the migration to the Sun Belt, and the increased importance of “home” for renters and house buyers alike. The multifamily professional must negotiate additional issues, such as rising materials costs and an affordable housing crisis that is begging for a solution.
These issues, while not as upending as the pandemic has been, will be among the defining characteristics of this next round of apartment investments and developments. Even savvy professionals will need guidance as they move away from the pandemic and into a new era for the asset class.
GlobeSt. Real Estate Forum is honored to once again shine a spotlight on some of the biggest influencers across the multifamily real estate sector. Our next Influencer series installment will feature some of the most notable professionals in the multifamily scene, from developers, investors and brokers to those introducing new concepts and products to the business.”
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About WC Equity Group
WC Equity Group is a full-service real estate firm, providing investment, title, brokerage, and management services. “WC Equity Group maintains a solid presence in contributing to expert panel discussions, research & analysis, real estate education, press consult, and general market updates. Our investment insight permits us to provide clear and transparent metrics, thereby allowing our clients to make informed and intelligent decisions,” adds Kurt Westfield, CEO.