Housing is one of the most essential household expenditures and less likely to be cut when household budgets are pared, according to BlueRock in its white paper, A Primer for Apartment Investment.
The multifamily sector experienced the lowest rent declines of all major property sectors in the Great Financial Crisis and the highest rent growth subsequent to the GFC. BlueRock predicts supply will fall short of the 4.6 million new multifamily units that will be needed a decade from now.
To read the full white paper, click here.
