Gary Goodman Gary Goodman is the SVP of acquisitions at Passco Cos.

LOS ANGELES—Apartment demand is still hitting record highs, but a nominal shift in market fundamentals is changing the buyer pool. According to Gary Goodman, SVP of acquisitions at Passco Cos., says that institutional investors are leaving the market due to strategies that favor conservatism, and the shift is creating great opportunities for private buyers to pick up some really great assets that they might not have had access to.