View From the Top: Multifamily Forecast is Sunny

RealShare Apartments East 2013 is sponsored by ALM’s Real Estate Media Group, which publishes Real Estate Forum and GlobeSt.com.

MIAMI—When it comes to multifamily investment, the East Coast markets are still at the top of investors’ wish lists. At least, that’s what the speakers on the Industry Leaders panel related during the RealShare Apartments East 2013 conference, held before 400 people at the Hyatt Regency Hotel here on Tuesday.

Robert Given, a vice chairman at CBRE, shared that a lot of the firm’s institutional clients have moved toward the coastlines. Some of the larger REITs, he said, will continue to divest from slower markets such as Atlanta, and “there’s some hesitancy about some markets like Washington, DC and some areas of Florida, because of the slowdown there. But there’s continuing pockets of activity along the East Coast.”