SPONSORED: Crow Holdings – The U.S. living sector is ‘tremendously undersupplied’

Whether it is apartment communities, manufactured housing, student housing or single-family rental, the demand for properties in living sector outpaces supply by a significant margin in the United States, according to Crow Holdings’ residential investment management and development team in an interview published in the October issue of Institutional Real Estate Americas. “There are three main strategies for addressing housing affordability in the United States,” explains Steve Bancroft, senior managing director, residential development, for Trammell Crow Residential. “First, reduce the cost of capital; second, reduce regulation at the local/state/federal level; and third, design and build a project as efficient and quickly as possible to lessen the rental burden on our renters. TCR only can control the third.”

Still, in the current market environment, development comes at a higher cost. “In our investment-management business, we have taken a dec