With the exception of rent deferrals and vacancy challenges, the U.S. multifamily sector has performed relatively well throughout the COVID-19 pandemic and ensuing economic downturn of 2020.
Values have held up well and overall multifamily fundamentals were strong going into the pandemic, according to Nickolay Bochilo, executive vice president of investments at Bell Partners. In a recent video interview with IREI, Bochilo said this was partially due to the fact that the consumer was in better financial shape at the onset of the pandemic. The government stimulus check also played a role in bolstering the multifamily sector.
Investors are anticipating a plethora of buying opportunities as the pandemic fades and overall market health slowly rebounds to pre-COVID-19 levels. As a result, Bochilo points to several trends that are emerging in the U.S. apartment space.
“We're seeing more sophisticated investors — both domestic and foreign — allocating more capital
