Multifamily looks to remain stable with solid fundamentals in 2024, although rent growth will likely moderate from the prior year, while somewhat lower interest rates may encourage some renters to purchase housing, according to an interview with Greystar’s Michael Joyce, senior managing director and leader of global investment strategy and research, and Jordan Kabbani, senior director, U.S. investment strategy and research, published in the February 2024 issues of Institutional Real Estate Americas, Institutional Real Estate Europe, and Institutional Real Estate Asia Pacific.
“While our long-term investment thesis across the living sector is largely unchanged, current market conditions are shaping our deployment priorities,” says Joyce. “We are particularly drawn to sectors experiencing short-term growth exceeding historical trends, coupled with pricing adjustments that create attractive entry points for new investments.” For Greystar, th
