Why and where institutional capital is beginning to flow back into multifamily
by Andrea Zander
Supply-constrained West Coast markets are drawing renewed attention from multifamily investors as limited new construction, improving demand fundamentals and opportunities for operational growth create potential entry points for value-added strategies. Institutional investor appetite remains selective, however, with capital-allocation decisions and local-market conditions shaping investment activity.
In an interview with IREI, Marshall Boyd, co-president and chief investment officer at Interstate Equities Corp. (IEC), discusses why coastal California and the Puget Sound region present opportunities for value-added multifamily investment, what early portfolio performance reveals about the importance of local operating expertise and how institutional investor sentiment is evolving. He also shares where investment firms may find opportunities over the next 12 to 24 months, including student housing and assets whose values have been disproportionately affected by the market downturn.
