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OC Multifamily Investment Trends on the Horizon

Historic apartment fundamentals, consistent rent growth and value appreciation should continue throughout the year, but we are also beginning to see a tempering of this growth, Kidder Mathews executives tell GlobeSt.com.

Steven Brombal Brombal: ”On the finance side, we expect to see challenges in obtaining acceptable investor-loan proceeds due to the widening gap in current and market rents.”

IRVINE, CA—Historic apartment fundamentals, consistent rent growth and value appreciation should continue throughout the year, but we are also beginning to see a tempering of this growth, Kidder Mathews executives SVP Steven Brombal and associate VP Joshua Rhee tell GlobeSt.com. The two have joined the firm’s Orange County office here, where they bring 36 years of combined multifamily brokerage and advisory experience. Prior to joining Kidder Mathews, Brombal and Rhee were with Berkadia Real Estate Advisors in Orange County; they will continue their partnership, specializing in multifamily investment properties in the Greater Orange County area.

We spoke with Brombal and Rhee about their new role with the firm and how they view multifamily investment for the remainder of the year.

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Carrie Rossenfeld

Carrie Rossenfeld

Carrie Rossenfeld is a reporter for the San Diego and Orange County markets on GlobeSt.com and a contributor to Real Estate Forum. She was a trade-magazine and newsletter editor in New York City before moving to Southern California to become a freelance writer and editor for magazines, books and websites. Rossenfeld has written extensively on topics including commercial real estate, running a medical practice, intellectual-property licensing and giftware. She has edited books about profiting from real estate and has ghostwritten a book about starting a home-based business.

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