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Are MF Developers, Owners and Investors Banking on the Same Strategy?

SAN DIEGO—Panelists at NMHC’s Apartment Strategies Outlook Conference take a market-by-market examination of conditions, including a discussion of rent growth and vacancy variation by geography and class type.

SAN DIEGO—“So many developers, owners and investors are banking on the same strategy, and that strategy is to go urban.” That was according to panelist Jay Parsons, VP of MPF research and YieldStar Investment Analytics at RealPage Inc. According to Parsons, who spoke at the recent 2017 NMHC Apartment Strategies Outlook Conference, in the past, you could point out the markets that were oversupplied because it was clear, like Phoenix or Vegas, to name a few. Now, he said, you can say “urban markets” and it is all over, he said.

Parsons joined moderator Jay Lybik, VP of research services at Marcus & Millichap, who mentioned that construction around the nation in the apartment market is very concentrated. “The top 10 markets of new supply represent 45% of all the units that are going to be delivered in 2017,” he said. “It appears it will be the peak in the cycle.”

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Natalie Dolce

Natalie Dolce

Natalie Dolce, editor-in-chief of GlobeSt.com and GlobeSt. Real Estate Forum, is responsible for working with editorial staff, freelancers and senior management to help plan the overarching vision that encompasses GlobeSt.com, including short-term and long-term goals for the website, how content integrates through the company’s other product lines and the overall quality of content. Previously she served as national executive editor and editor of the West Coast region for GlobeSt.com and Real Estate Forum, and was responsible for coverage of news and information pertaining to that vital real estate region. Prior to moving out to the Southern California office, she was Northeast bureau chief, covering New York City for GlobeSt.com. Her background includes a stint at InStyle Magazine, and as managing editor with New York Press, an alternative weekly New York City paper. In her career, she has also covered a variety of beats for M magazine, Arthur Frommer's Budget Travel, FashionLedge.com, and Co-Ed magazine. Dolce has also freelanced for a number of publications, including MSNBC.com and Museums New York magazine.

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