- The apartment market, as an investment vehicle, offers investors greater returns with less risk than other investments.
- The apartment market is less reliant on business cycles for occupancy and will continue to benefit from demographic trends and population growth.
- Multi family ownership is more management intensive than some other asset types. This distinction ensures “value added” opportunities.
- Apartment demand is driven by an expanding and transitional population, and, at present, by record numbers of foreclosures.
Apartments are the back-up housing choice as:
- Young people move out of their parents’ homes
- Students graduate from college
- Immigrants come to the U.S.
- Workers staffing new factories move into nearby neighborhoods
- Financial challenges create the need for temporary and affordable housing
By 2012, housing rental units will have expanded from 36.8 million to 39.1 million. Multi family is a counter-cyclical industry that does well, even in a bad economy. Unlike single-family homes, the demand for apartment units has reached record-levels. Buyers, who three years ago could secure a mortgage to buy their own house, are now challenged to qualify for home ownership loans.
Because the cost of new construction is high, only “A” class apartment construction that commands high rents is economically feasible.
Moneil Investment Group, LLC (MIG) is dedicated to identifying opportunities in strong growing markets to meet the ever-present demand for multifamily B and C class properties.