Riding the Multifamily Market: Valbridge Experts Can Show You How
October 13, 2014
Is the multifamily sector still red hot? Absorption slowing? Rents rising? Is the market better for student or senior housing? What about affordable housing?
Apartment-market specialists at Valbridge can help you evaluate the potential for ground-up development, redevelopment or property rehabs — in addition to appraising assets for potential sale, acquisition, refinancing or financial reporting purposes.
Valbridge Real Estate Economist Bill Pittenger sees national apartment vacancy down to half of the recession high, but with rent growth slowing. Class A properties are faring the best, he says.
Recently completed market studies by Valbridge offices in Hartford, Conn., and New Orleans analyze demand for rental units in those CBDs. Recent appraisals of proposed new $70 million+ properties in Orange County, Calif. and the Kansas City, Mo., CBD attest to high investor interest in those markets.
Valbridge also analyzes demand and market conditions, including rents, for the U.S. Department of Housing and Urban Development, Fannie Mae, Freddie Mac, multiple state housing agencies and various private clients, reports John Beery in Valbridge’s Louisville, Ky., office. A company specialty is appraising tax-credit and Section 8 properties.